South and Central America Food Safety Testing Market Analysis and Opportunities by 2028

The South and Central America food safety testing market is projected to reach US$ 1,905.2 million by 2028 from an estimated value of US$ 1,140.3 million in 2021; it is estimated to grow at a CAGR of 7.6% from 2021 to 2028.

Foodborne illnesses are caused by chemical substances, parasites, and viruses entering the body through contaminated water or food. Examples of unsafe food include raw shellfish containing marine biotoxins, vegetables and fruits contaminated with feces, and uncooked foods of animal origin. E. coli, campylobacter, and salmonella are among the common foodborne pathogens that affect millions of people worldwide annually and result in fatal or severe outcomes. Symptoms include diarrhea, abdominal pain, vomiting, nausea, headache, and fever. Various types of seafood, millet gruel, vegetables, and rice have been implicated in cholera outbreaks. Further, the misuse and overuse of antimicrobials in human and veterinary medicine have been linked to the emergence of resistant bacteria rendering the treatment of humans and animals ineffective. Antimicrobial medicine is identified as one of the biggest threats to modern medicine. Therefore, it has become essential to detect the contaminants beforehand and prevent them from entering the food chain. Thus, the importance of food safety testing has been increasing globally in terms of volume. As per data published by WHO, unsafe food causes 420,000 deaths and 600 million cases of foodborne diseases are reported worldwide each year. Foodborne diseases are preventable; hence, numerous organizations along with governments are leading coordinated action across multiple industries to build resilient and strong food safety systems. The involved parties are heavily investing in providing consumers with tools to make safe food choices. Moreover, a 2018 World Bank report estimated that the economic burden through a total loss of productivity faced due to foodborne illnesses was estimated to be US$ 95.2 billion per year. The annual cost of treating foodborne illnesses is estimated to be US$ 15 billion.

Brazil reported the highest number of COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina. South America's government has taken various actions to protect its citizens and contain the spread of COVID-19. It is anticipated that South America will face lower export revenues, both from the drop-in commodity prices and reduction in export volumes, especially to China, Europe, and the US, which are important trade partners. Containment measures in several South American countries had reduced economic activity in the food & beverages industry for at least the next quarter, with a rebound once the epidemic is contained. Manufacturers are comprehending strategies to revive from the current situation by reshaping their strategies and product innovation. One of the marketing strategy manufacturers prefer adopting is food safety assurance due to growing consumer awareness, which has led to growth of the food safety testing market

  South and Central America Food Safety Testing Market Revenue and Forecast to 2028 (US$ Mn)

SOUTH AND CENTRALL AMERICA FOOD SAFETY TESTING MARKET SEGMENTATION

By Contaminant

• Pathogens

• Salmonella
• E. coli
• Listeria
• Others

• Pesticides
• Toxins
• GMOs
• Others

By Technology

• Traditional
• Rapid

• • PCR-Based Testing
  • Immunoassay-Based Testing
  • Others

By Food Type

• Meat, Poultry, & Seafood Products
• Dairy Products
• Cereals & Grains
• Processed Food
• Fruits & Vegetables
• Others

By Country

• Brazil
• Argentina
• Rest of South and Central America

Company Profiles

• SGS SA
• Eurofins Scientific
• Intertek Group Plc
• TÜV SÜD
• TÜV NORD GROUP.
• Bureau Veritas
• NEOGEN Corporation
• ALS Limited

South and Central America Food Safety Testing Report Scope