South America Food Allergen Testing Market Growth and Recent Trends by 2027
Historic Data: 2016-2017 | Base Year: 2018 | Forecast Period: 2019-2027South 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
- Report Date : Sep 2020
- Report Code : TIPRE00014139
- Category : Consumer Goods
- Status : Published
- Available Report Formats :
- No. of Pages : 94
The SAM food allergen testing market is expected to grow from US$ 67.76 million in 2018 to US$ 130.64 million by 2027; it is estimated to grow at a CAGR of 7.6% from 2019 to 2027.
Brazil and Argentina are major economies in SAM. Anaphylaxis and food allergy are an increasing public health risk in developed countries. Prevalence is higher in young children, but recent studies also indicate it is also becoming more common in adolescents and young adults. Moreover, there is now also growing evidence of the increasing prevalence of food allergies in rapidly developing countries. The food allergen incidences are on a rapid rise in developed regions such as SAM.Approximately 40% of children in this region with food allergies have multiple food allergies, which means they are allergic to more than one food type
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. Brazil has reported the highest number of COVID-19 cases in SAM, followed by Ecuador, Chile, Peru, and Argentina, among others. Governments of South American countries have taken an array of actions to protect their citizens and contain COVID-19 spread. The region is anticipated to generate lower export revenues, both due to the drop in commodity prices and reduction in export volumes, especially to China and the US, and several European countries, which are important trade partners of SAM countries. Containment measures in several SAM countries would adversely affect the performance of the manufacturing sectors for at least the next quarter, with an expected rebound once the epidemic is in control.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the SAM food allergen testing market. The SAM food allergen testing market is expected to grow at a good CAGR during the forecast period.
SAM Food Allergen Testing Market Revenue and Forecast to 2027 (US$ Million)
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
SAM Food Allergen Testing Market Segmentation
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
South America Food Allergen Testing Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 67.76 Million |
| Market Size by 2027 | US$ 130.64 Million |
| Global CAGR (2019 - 2027) | 7.6% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Source
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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The List of Companies - South America Food Allergen Testing Market
- Dicentra
- Eurofins Scientific SE
- Intertek Group Plc
- Mérieux NutriSciences
- ALS Limited
- Romer Labs Diagnostic Gmbh
- SGS S.A.
- TUV SUD SPB PTE. LTD.
- R-Biopharm AG
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