South America Food Allergen Testing Market is expected to reach US$ 130.64 Mn by 2027

Milk Segment to Dominate SAM Food Allergen Testing Market during 2019–2027

According to The Insight Partners market research study on “South America Food Allergen Testing Market Forecast to 2027 – COVID-19 Impact and Analysis – by Source (Peanut and Soy, Wheat, Milk, Egg, Tree Nuts, Seafood, and Others), Technology (PCR-Based, Immunoassay-Based / ELISA, and Other Tests/Techniques), and Food Tested (Bakery and Confectionery, Infant Food, Processed Food, Dairy Products and Alternatives, Seafood and Meat Products, and Other Foods),”the market is expected to reach US$ 130.64 million by 2027 from US$ 67.76 million in 2018; it is estimated to grow at a CAGR of 7.6% from 2019 to 2027. The report provides trends prevailing in the SAM food allergen testing market along with the drivers and restraints pertaining to the market growth. A sudden rise in food allergies and the existence of stringent food allergen labeling laws are the major factors driving the growth of the SAM food allergen testing market. However, restricted development of food allergen labelling regulations in developing countries hinders the growth of the SAM food allergen testing market.

The SAM food allergen testing market is segmented on the basis of source, technology, and food tested. Based on source, the market is segmented into peanut and soy, wheat, milk, egg, tree nuts, seafood, and others. In 2018, the milk segment held the largest share in SAM food allergen testing market. Based on technology, the SAM food allergen testing market is segmented into polymerase chain reaction-based (PCR-based), immunoassay-based / ELISA, and other tests/techniques. The market for the immunoassay-based / ELISA-based food allergen testing market is expected to grow at the fastest CAGR during the forecast period. Further, the ongoing COVID 19 pandemic affects the SAM food allergen testing market due to reduced production activities of the food industries. The virus has critically affected several countries such as the Brazil and Argentina. The majority of the countries have imposed lockdown and/or transportation restrictions, which has lowered production of several industries due to lack of manpower.

Dicentra, Eurofins Scientific SE, Intertek Group Plc, Mérieux NutriSciences, ALS Limited, Romer Labs Diagnostic GmbH, SGS S.A., TUV SUD SPB PTE. LTD., and R-Biopharm AG are among the leading companies in the SAM food allergen testing market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, Mérieux NutriSciences acquired 51% of the shares of Acumen Scientific Sdn. Bhd from Texchem Resources Bhd, which remains shareholder for the remaining 49%. With this acquisition, Mérieux NutriSciences consolidates its presence in ASEAN.

SAM Food Allergen Testing Market, by Country, 2018 and 2027 (%)

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South America Food Allergen Testing Market to Grow at a CAGR of 7.6% to reach US$ 130.64 Million from 2020 to 2027

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South America Food Allergen Testing Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Source (Peanut and Soy, Wheat, Milk, Egg, Tree Nuts, Seafood, and Others), Technology (PCR-Based, Immunoassay-Based / ELISA, and Other Tests/Techniques), and Food Tested (Bakery and Confectionery, Infant Food, Processed Food, Dairy Products and Alternatives, Seafood and Meat Products, and Other Foods

The report segments the SAM Food Allergen Testing Market as follows:

SAM Food Allergen Testing Market, by Source

• Peanut and Soy
• Wheat
• Milk
• Egg
• Tree nuts
• Seafood
• Others

SAM Food Allergen Testing Market – by Technology

• PCR (Polymerase Chain Reaction)-Based
• Immunoassay Based/ELISA
• Other Tests/Techniques

SAM Food Allergen Testing Market – by Food Tested

• Bakery and Confectionery
• Infant Food
• Processed Food
• Dairy Products and Alternatives
• Seafood and Meat Products
• Other Foods

SAM Food Allergen Testing Market – by Country

• Brazil
• Argentina
• Rest of SAM