Central & South America Food Safety Testing Market - Forecast(2021 - 2026)

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Central & South America Food Safety Testing Market Overview

Central & South America Food Safety Testing market size is estimated at 2.89 billion in 2020, growing at a CAGR of 6.1% during the forecast period 2021-2026. Food safety testing is the inspection of food products for disease-causing organisms, chemicals, and other harmful contaminants. Pathogens, chemicals, and genetically modified organisms are the three main food pollutants targeted (GMOs). Food safety testing is also carried out for other reasons, such as to test the quality of the products, which is done to verify the manufacturer's claims, and for quality control, which is done before, during, and after the manufacturing process to ensure that the product's quality is maintained and easy to analyse. There are various methods for food safety testing such as Immunoassay, Polymerase Chain Reaction, Chromatography and others. Increasing number of foodborne diseases and adulteration cases coupled with rising demand for convenience and packaged food products among consumers are the major factors driving the growth of the market. Increasing technological advancement is set to further enhance the overall market development of the Central & South America Food Safety Testing Market for the period 2021-2026.

Report Coverage

The report: “Central & South America Food Safety Testing Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Central & South America Food Safety Testing Market.
By Contaminant:  Genetically modified organism (GMO), Pathogen, Toxins, Pesticides, Allergens, and Others.
By Technology: Traditional Technology, and Rapid Technology 
By Food Tested: Meat, poultry, seafood, Dairy products, Processing Food, Fruits & Vegetables, Cereals & Grains, and Others
By Geography: South America (Brazil, Chile, Argentina, Colombia, Others), Central America (Panama, Costa Rica, Nicaragua, and Others)

Key Takeaways

  • South America dominated the Central and South America Food Safety Testing Market in 2020 owing to growing awareness regarding food safety. The Central & South America Food Safety Testing Market scope for different regions will be provided in the final report.
  • Increasing technological advancement for food safety methods is set to aid the market growth of the Central & South America Food Safety Testing Market report.
  • Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Central & South America Food Safety Testing Market report.
  • Lack of food control infrastructure is poised to create the hurdles for the Central & South America Food Safety Testing Market.

Central & South America Food Safety Testing Market Revenue, By Technology, 2020

Central & South America Food Safety Testing Market

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Central & South America Food Safety Testing Market Segment Analysis – By Contaminant

Pathogens held the largest share in the Central & South America Food Safety Testing market in 2020 and is estimated to grow at a CAGR 6.7% during the forecast period 2021-2026. Pathogen is an organism that causes diseases. Pathogen such as viruses, bacteria and other are hazardous to human beings if consumed unchecked. Pathogen testing is carried out in order to reduce, and eventually eliminate, foodborne diseases. It is a sanitation and food safety method that is implemented at every stage of the food production process. Salmonella, listeria, and E. coli are the most prevalent foodborne infections for which pathogen testing is performed thereby increasing growth of market. 

Central & South America Food Safety Testing Market Segment Analysis – By Technology

Rapid Technology held the largest share in the Central & South America Food Safety Testing market in 2020 and is estimated to grow at a CAGR 6.4% during the forecast period 2021-2026. Rapid technology includes polymerase chain reaction (pcr), immunoassay, chromatography, and spectroscopy. Rapid technology provides multi-functional testing options in less time and it is faster, better and cheaper than other technology thereby rapid technology are estimated to register the higher CAGR over the period 2021-2026.

Central & South America Food Safety Testing Market Segment Analysis – By Geography

South America dominated the Central & South America Food Safety Testing market with a major share of 56.9% in 2020. This is attributed to increasing demand of packaged and processed food products in this region. Furthermore, implementation of stringent food safety regulations which are contributing to the growth of the market in this region. 
However, Central America is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the increasing outbreak of foodborne diseases in this region which contribute the growth in this region. Increasing technological advancement is also increasing the growth of the market in this region.

Central & South America Food Safety Testing Market Drivers

Increasing Outbreak of Food Borne Illness 

Increasing incidence of food borne illness and adulteration cases owing to consumption of food contaminated with a mycotoxin, pathogens, or the growth of yeasts and molds is increasing the growth of the Central & South America Food Safety Testing Market. Furthermore, Foodborne pathogens cause severe diseases like meningitis, as well as severe diarrhoea. Salmonella, E. coli, and Campylobacter are most common foodborne pathogen that afflict millions of people every year thereby increasing the growth of the Central & South America Food Safety Testing market during the forecast period 2021-2026.

Rising Technological Advancement in the Food Safety Industry

Increasing technological advancement in food safety testing industry is increasing the growth of the Central & South America Food Safety Testing foo market. Furthermore, rising adoption of advance technology offer higher sensitivity, accuracy in results, reliability, multi-contaminant and non-targeted screening with low turnaround time which is driving the growth of market. The focus on minimizing lead times, sample usage, testing costs, and limitations associated with various technologies has led to technological innovation and the creation of novel spectrometry and chromatography technologies thereby increasing the growth of the Central & South America Food Safety Testing Market during the forecast period 2021-2026.

Central & South America Food Safety Testing Market Challenges

Lack of Skilled Professional 

Major factor that is set to impede the growth of the Central & South America Food Safety Testing market is lack of skilled professional to perform food safety testing. Another factor which hamper the growth of market is volatility in raw material prices.

Market Landscape

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Central & South America Food Safety Testing Market. In 2020, the Central & South America Food Safety Testing Market share is consolidated by the top ten players present in the market. The Central & South America Food Safety Testing Market, top 10 companies are SGS SA, Eurofins Scientific, Bureau Veritas, NSF International, ALS Limited, Asurequality Limited, Intertek, Merieux Nutrisciences, TUV SUD and NEOGEN Corporation.

Developments:

  • In August 2019, ALS Ltd. Company acquired ARJ, largest private pharmaceutical testing laboratory in Latin America to increase its presence in key markets such as Argentina, Brazil, Colombia, and Mexico.

Relevant Titles:

Report Code: AGR 0009

Report Code: FBR 0002

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1. Central & South America Food Safety Testing Market - Overview
    1.1 Definitions and Scope
2. Central & South America Food Safety Testing Market - Executive Summary
    2.1 Market Revenue and Key Trends
    2.2 Key trends by Contaminant
    2.3 Key trends by Technology
    2.4 Key trends by Food Tested
    2.5 Key trends by Geography
3. Central & South America Food Safety Testing Market – Comparative Analysis
    3.1 Service Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis- Average Selling Price
4. Central & South America Food Safety Testing Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Central & South America Food Safety Testing Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Central & South America Food Safety Testing Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Central & South America Food Safety Testing Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8.  Central & South America Food Safety Testing Market – By Contaminant (Market Size –$Million/$Billion)
    8.1 Genetically modified organism (GMO)
    8.2 Pathogen
        8.2.1 Salmonella
        8.2.2 E.Coli
        8.2.3 Listeria
        8.2.4 Campylobacter
        8.2.5 Others
    8.3 Toxins
    8.4 Pesticides
    8.5 Allergens
    8.6 Others
9. Central & South America Food Safety Testing Market - By Technology (Market Size –$Million/$Billion)
    9.1 Traditional Technology
    9.2  Rapid Technology
        9.2.1 Polymerase chain reaction (PCR
        9.2.2 Immunoassay
        9.2.3 Chromatography
        9.2.4 Spectroscopy
        9.2.5 Others
10. Central & South America Food Safety Testing Market - By Food Tested(Market Size –$Million/$Billion)
    10.1 Meat
    10.2 Poultry
    10.3 Sea Food
    10.4 Dairy Products
    10.5 Processing Food
    10.6 Fruits & Vegetables
    10.7 Cereals & Grains
    10.8 Others
11. Central & South America Food Safety Testing Market - By Geography(Market Size –$Million/$Billion)
    11.1 South America
        11.1.1 Brazil
        11.1.2 Chile
        11.1.3 Argentina
        11.1.4 Colombia
        11.1.5 Others
    11.2 Central America
        11.2.1 Panama
        11.2.2 Costa Rica
        11.2.3 Nicaragua
        11.2.4 Others
12. Central & South America Food Safety Testing Market - Entropy
13. Central & South America Food Safety Testing Market – Industry/Segment Competition Landscape Premium
    13.1 Market Share Analysis
        13.1.1 Market Share by Region – Key companies
        13.1.2 Market Share by Countries – Key Companies
        13.1.3 Competition Matrix
        13.1.4 Best Practices for Companies
14. Central & South America Food Safety Testing Market – Key Company List by Country Premium Premium
15. Central & South America Food Safety Testing Market Company Analysis
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
    "*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

LIST OF FIGURES

1.US Central & South America Food Safety Testing Market Revenue, 2019-2024 ($M)
2.Canada Central & South America Food Safety Testing Market Revenue, 2019-2024 ($M)
3.Mexico Central & South America Food Safety Testing Market Revenue, 2019-2024 ($M)
4.Brazil Central & South America Food Safety Testing Market Revenue, 2019-2024 ($M)
5.Argentina Central & South America Food Safety Testing Market Revenue, 2019-2024 ($M)
6.Peru Central & South America Food Safety Testing Market Revenue, 2019-2024 ($M)
7.Colombia Central & South America Food Safety Testing Market Revenue, 2019-2024 ($M)
8.Chile Central & South America Food Safety Testing Market Revenue, 2019-2024 ($M)
9.Rest of South America Central & South America Food Safety Testing Market Revenue, 2019-2024 ($M)
10.UK Central & South America Food Safety Testing Market Revenue, 2019-2024 ($M)
11.Germany Central & South America Food Safety Testing Market Revenue, 2019-2024 ($M)
12.France Central & South America Food Safety Testing Market Revenue, 2019-2024 ($M)
13.Italy Central & South America Food Safety Testing Market Revenue, 2019-2024 ($M)
14.Spain Central & South America Food Safety Testing Market Revenue, 2019-2024 ($M)
15.Rest of Europe Central & South America Food Safety Testing Market Revenue, 2019-2024 ($M)
16.China Central & South America Food Safety Testing Market Revenue, 2019-2024 ($M)
17.India Central & South America Food Safety Testing Market Revenue, 2019-2024 ($M)
18.Japan Central & South America Food Safety Testing Market Revenue, 2019-2024 ($M)
19.South Korea Central & South America Food Safety Testing Market Revenue, 2019-2024 ($M)
20.South Africa Central & South America Food Safety Testing Market Revenue, 2019-2024 ($M)
21.North America Central & South America Food Safety Testing By Application
22.South America Central & South America Food Safety Testing By Application
23.Europe Central & South America Food Safety Testing By Application
24.APAC Central & South America Food Safety Testing By Application
25.MENA Central & South America Food Safety Testing By Application
26.SGS S.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Intertek Group plc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Bureau Veritas SA, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Eurofins Scientific SE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Mrieux NutriSciences, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Microbac Laboratories, Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Nova Biologicals, Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Campden BRI, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Certified Laboratories, Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.AsureQuality Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.ALS Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Foodchain ID, Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Gestion Qualiterra, Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.Serviagro, Sales /Revenue, 2015-2018 ($Mn/$Bn)
40.Agrolab GmbH, Sales /Revenue, 2015-2018 ($Mn/$Bn)
41.Agrorum S.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)
42.Romer Labs Division Holding GmbH, Sales /Revenue, 2015-2018 ($Mn/$Bn)
43.Wirral Sensory Services Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
44.Seidlaboratory Cia. Ltda., Sales /Revenue, 2015-2018 ($Mn/$Bn)
45.AGQ Labs, Sales /Revenue, 2015-2018 ($Mn/$Bn)