(Food-Beverage-News.Com, September 19, 2017 ) The Latin America Food Safety Testing Market was worth $0.97 billion in 2016 and estimated to be growing at a CAGR of 6.40%, to reach $1.33 billion by 2021. Food supply, globally, is under persistent threat, and there is an increasing need for realistic test products that can safeguard food safety Market analysis.
Shortcoming in treating and processing the food to put an end to toxins and other impurities, incorrect handling of food and polluted input food materials are the main factors that results in food contamination.
The growth of the Latin America Food Safety Testing Market is mainly driven by factors such as increase in the number of foodborne illnesses and globalization of the food business. Factors such as time and cost of the testing techniques are the main factors limiting the growth of this market.
The Latin America Food Safety Testing Market is segmented based on contaminants tested, food type, and technology. On the basis of contaminants tested, the Latin America Food Safety Testing market is segmented into Microbial, GMOs, Metal Contaminants, Pesticides and Residues, Toxins, Food Allergen, and Others. On the basis of Technology, the market is segmented into Traditional and Rapid. On the basis of Food Type, the market is segmented into Meat & Poultry, Dairy Product, Processed Food, Beverages, Fruits & Vegetables, and Others.
Latin America market region includes countries such as Brazil, Mexico, Argentina, and remaining countries of South America. Brazil accounts for 55% of the market in this region followed by Argentina. Latin America is projected to be one of the fastest growing markets during the forecast period. Other major markets in this region are Uruguay, Paraguay, Colombia, Chile, and Bolivia.
Some of the major companies dominating this market are Bureau Veritas S.A., ALS Limited, Eurofins Scientific, Intertek Group PLC, Silliker Inc., and DTS Laboratories.
Reasons to buy Latin America Food Safety Testing Market Research Report:
Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analyzing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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