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

South and Central America Food Safety Testing Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Contaminant (Pathogens, Pesticides, Toxins, GMOs, and Others), Technology (Traditional and Rapid), and Food Type (Meat, Poultry, & Seafood Products, Dairy Products, Cereals & Grains, Processed Food, Fruits & Vegetables, and Others)

Report Date : Dec 2021
Report Code : TIPRE00026210

Category : Consumer Goods
Status : Published

Available Report Formats :
No. of Pages : 127

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.

The major factors driving the market's growth are the greater emergence of foodborne illness and the ascension of South and Central America food and beverage industry. However, the insufficient food safety testing methods are hampering the market growth.

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)

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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

Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered

This text is related
to segments covered.

Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope

This text is related
to country scope.

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

4. Food Safety Testing Market Landscape

4.1 Market Overview

4.2 Expert Opinion

5. Food Safety Testing Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Greater Emergence of Foodborne Illness Outbreaks

5.1.2 Ascension of Global Food and Beverage Industry

5.2 Market Restraint

5.2.1 Insufficient Food Safety Testing Methods

5.3 Market Opportunities

5.3.1 Innovations in Food Safety Testing

5.4 Future Trends

5.4.1 The Use of Whole-Genome Sequencing (WGS) in Food Safety Testing

5.5 Impact Analysis of Drivers and Restraint

6. Food Safety Testing – South and Central America Market Analysis

6.1 Food Safety Testing Market –Revenue and Forecast to 2028 (US$ Million)

7. Food Safety Testing Market Analysis – By Contaminant

7.1 Overview

7.2 Food Safety Testing Market, By Contaminant (2020 and 2028)

7.3 Pathogens

7.3.1 Overview

7.3.2 Pathogens: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

7.3.2.1 Salmonella: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

7.3.2.2 E. coli: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

7.3.2.3 Listeria: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

7.3.2.4 Others: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

7.4 Pesticides

7.4.1 Overview

7.4.2 Pesticides: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

7.5 Toxins

7.5.1 Overview

7.5.2 Toxins: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

7.6 GMOs

7.6.1 Overview

7.6.2 GMOs: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

7.7 Others

7.7.1 Overview

7.7.2 Others: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

8. Food Safety Testing Market Analysis – By Technology

8.1 Overview

8.2 Food Safety Testing Market, By Technology (2020 and 2028)

8.3 Traditional

8.3.1 Overview

8.3.2 Traditional: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

8.4 Rapid

8.4.1 Overview

8.4.2 Rapid: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

8.4.2.1 PCR-Based Testing: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

8.4.2.2 Immunoassay-Based Testing: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

8.4.2.4 Others: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

9. Food Safety Testing Market Analysis – By Food Type

9.1 Overview

9.2 Food Safety Testing Market, By Food Type (2020 and 2028)

9.3 Meat, Poultry, & Seafood Products

9.3.1 Overview

9.3.2 Meat, Poultry, & Seafood Products: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

9.4 Dairy Products

9.4.1 Overview

9.4.2 Dairy Products: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

9.5 Cereals & Grains

9.5.1 Overview

9.5.2 Cereals & Grains: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

9.6 Processed Food

9.6.1 Overview

9.6.2 Processed Food: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

9.7 Fruits & Vegetables

9.7.1 Overview

9.7.2 Fruits & Vegetables: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

9.8 Others

9.8.1 Overview

9.8.2 Others: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

10. Food Safety Testing Market –South and Central America Analysis

10.1 South and Central America: Food Safety Testing Market

10.1.1 South and Central America: Food Safety Testing Market – Analysis and Forecast to 2028 (US$ Million)

10.1.2 South and Central America: Food Safety Testing Market, by Contaminant

10.1.3 South and Central America: Food Safety Testing Market, by Technology

10.1.4 South and Central America: Food Safety Testing Market, by Food Type

10.1.5 South and Central America: Food Safety Testing Market, by Key Country

10.1.5.1 Brazil: Food Safety Testing Market –Analysis and Forecast to 2028 (US$ Million)

10.1.5.1.1 Brazil: Food Safety Testing Market, by Contaminant

10.1.5.1.2 Brazil: Food Safety Testing Market, by Technology

10.1.5.1.3 Brazil: Food Safety Testing Market, by Food Type

10.1.5.2 Argentina: Food Safety Testing Market –Analysis and Forecast to 2028 (US$ Million)

10.1.5.2.1 Argentina: Food Safety Testing Market, by Contaminant

10.1.5.2.2 Argentina: Food Safety Testing Market, by Technology

10.1.5.2.3 Argentina: Food Safety Testing Market, by Food Type

10.1.5.3 Rest of South and Central America: Food Safety Testing Market –Analysis and Forecast to 2028 (US$ Million)

10.1.5.3.1 Rest of South and Central America: Food Safety Testing Market, by Contaminant

10.1.5.3.2 Rest of South and Central America: Food Safety Testing Market, by Technology

10.1.5.3.3 Rest of South and Central America: Food Safety Testing Market, by Food Type

11. Overview- Impact of Coronavirus Outbreak

11.1 South and Central America: Impact Assessment of COVID-19 Pandemic

12. Industry Landscape

12.1 Strategy & Business Planning

13. Company Profiles

13.1 SGS SA

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Eurofins Scientific

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 Intertek Group Plc

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 TÜV SÜD

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 TÜV NORD GROUP.

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 Bureau Veritas

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 ALS Limited

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 NEOGEN Corporation

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

LIST OF TABLES

Table 1. South and Central America Food Safety Testing Market, by Contaminant – Revenue and Forecast to 2028 (US$ Million)

Table 2. South and Central America Food Safety Testing Market, by Technology– Revenue and Forecast to 2028 (US$ Million)

Table 3. South and Central America Food Safety Testing Market, by Food Type– Revenue and Forecast to 2028 (US$ Million)

Table 4. Brazil Food Safety Testing Market, by Contaminant – Revenue and Forecast to 2028 (US$ Million)

Table 5. Brazil Food Safety Testing Market, by Technology– Revenue and Forecast to 2028 (US$ Million)

Table 6. Brazil Food Safety Testing Market, by Food Type– Revenue and Forecast to 2028 (US$ Million)

Table 7. Argentina Food Safety Testing Market, by Contaminant – Revenue and Forecast to 2028 (US$ Million)

Table 8. Argentina Food Safety Testing Market, by Technology– Revenue and Forecast to 2028 (US$ Million)

Table 9. Argentina Food Safety Testing Market, by Food Type– Revenue and Forecast to 2028 (US$ Million)

Table 10. Rest of South and Central America Food Safety Testing Market, by Contaminant – Revenue and Forecast to 2028 (US$ Million)

Table 11. Rest of South and Central America Food Safety Testing Market, by Technology– Revenue and Forecast to 2028 (US$ Million)

Table 12. Rest of South and Central America Food Safety Testing Market, by Food Type– Revenue and Forecast to 2028 (US$ Million)

Table 13. List of Abbreviation

LIST OF FIGURES

Figure 1. Food Safety Testing Market Segmentation

Figure 2. Food Safety Testing Market Segmentation – By Country

Figure 3. South and Central America Food Safety Testing Market Overview

Figure 4. South and Central America Food Safety Testing Market, by Technology

Figure 5. South and Central America Food Safety Testing Market, by Country

Figure 6. Expert Opinion

Figure 7. Food Safety Testing Market Impact Analysis of Drivers and Restraints

Figure 8. Global: Food Safety Testing Market – Revenue and Forecast to 2028 (US$ Million)

Figure 9. Food Safety Testing Market Revenue Share, By Contaminant (2020 and 2028)

Figure 10. Pathogens: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

Figure 11. Salmonella: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

Figure 12. E. coli: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

Figure 13. Listeria: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

Figure 14. Others: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

Figure 15. Pesticides: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

Figure 16. Toxins: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

Figure 17. GMOs: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

Figure 18. Others: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

Figure 19. Food Safety Testing Market Revenue Share, By Technology (2020 and 2028)

Figure 20. Traditional: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

Figure 21. Rapid: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

Figure 22. PCR-Based Testing: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

Figure 23. Immunoassay-Based Testing: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

Figure 24. Others: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

Figure 25. Food Safety Testing Market Revenue Share, By Food Type (2020 and 2028)

Figure 26. Meat, Poultry, & Seafood Products: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

Figure 27. Dairy Products: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

Figure 28. Cereals & Grains: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

Figure 29. Processed Food: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

Figure 30. Fruits & Vegetables: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

Figure 31. Others: Food Safety Testing Market – Revenue and Forecast To 2028 (US$ Million)

Figure 32. South and Central America: Food Safety Testing Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33. South and Central America: Food Safety Testing Market Revenue Share, by Contaminant (2020 and 2028)

Figure 34. South and Central America: Food Safety Testing Market Revenue Share, by Technology (2020 and 2028)

Figure 35. South and Central America: Food Safety Testing Market Revenue Share, by Food Type (2020 and 2028)

Figure 36. South and Central America: Food Safety Testing Market Revenue Share, by Key Country (2020 and 2028)

Figure 37. Brazil: Food Safety Testing Market –Revenue and Forecast to 2028 (US$ Million)

Figure 38. Argentina: Food Safety Testing Market –Revenue and Forecast to 2028 (US$ Million)

Figure 39. Rest of South and Central America: Food Safety Testing Market –Revenue and Forecast to 2028 (US$ Million)

Figure 40. Impact of COVID-19 Pandemic in South and Central America

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The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

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Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
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Develops the analysis team’s expertise and market understanding

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Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

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