The Latin America Food Safety Testing Market is worth $1.56 billion in 2024 and estimated to be growing at a CAGR of 8.06%, to reach $2.90 billion by 2032.
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.
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.
Major Key Players in the Latin America Food Safety Testing Market are Bureau Veritas S.A, ALS Limited, Eurofins Scientific, Intertek Group PLC, Silliker Inc, and DTS Laboratories
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