Latin America Food Safety Testing Market was worth $1.12 billion in 2021 and estimated to be growing at a CAGR of 6.40%, to reach $1.53 billion by 2026.
Food supply, globally, is under persistent threat, and there is an increasing need for realistic test products that can safeguard food safety.
Shortcoming in treating and processing the food to put an end to toxins and other impurities, incorrect handling of food and polluted input food materials are the main factors that results in food contamination.
The growth of the Latin America Food Safety Testing Market is mainly driven by factors such as increase in the number of foodborne illnesses and globalization of the food business. Factors such as time and cost of the testing techniques are the main factors limiting the growth of this market.
The Latin America Food Safety Testing Market is segmented based on contaminants tested, food type, and technology. On the basis of contaminants tested, the Latin America Food Safety Testing market is segmented into Microbial, GMOs, Metal Contaminants, Pesticides and Residues, Toxins, Food Allergen, and Others. On the basis of Technology, the market is segmented into Traditional and Rapid. On the basis of Food Type, the market is segmented into Meat & Poultry, Dairy Product, Processed Food, Beverages, Fruits & Vegetables, and Others.
Geographically the Latin America Food Safety Testing Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. Brazil accounts for 55% of the market in this region followed by Argentina. Latin America is projected to be one of the fastest growing markets during the forecast period. Other major markets in this region are Uruguay, Paraguay, Colombia, Chile, and Bolivia.
Key Players in the Market:
Major Key Players in the Latin America Food Safety Testing Market are
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Contaminant
5.1.1 Microbial
5.1.2 GMOs
5.1.3 Metal Contaminants
5.1.4 Pesticides and Residues
5.1.5 Toxins
5.1.6 Food Allergen
5.1.7 Others
5.2 By Food Type
5.2.1 Meat & Poultry
5.2.2 Dairy Product
5.2.3 Processed Food
5.2.4 Beverages
5.2.5 Fruits & Vegetables
5.2.6 Others
5.3 By Technology
5.3.1 Traditional
5.3.2 Rapid
6. Geographical Analysis
6.1 Introduction
6.2 Brazil
6.3 Argentina
6.4 Mexico
6.5 Rest of Latin America
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Bureau Veritas S.A.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 ALS Limited
8.3 Eurofins Scientific
8.4 Intertek Group PLC
8.5 Silliker Inc.
8.6 DTS Laboratories
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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