The Latin America Food Testing Market is anticipated to grow at a 8.06% CAGR from 2024 to 2032 and it is estimated that the Latin America market is valued at USD 1.56 billion in 2024 and is relied upon to achieve USD 2.90 billion by 2032.
Food safety is a primary concern for consumers owing to the constant threat of foodborne illness. Food testing is essential to achieve a certificate of analysis of raw food products and ready to eat foods at numerous stages of food processing. Customers are provided with food safety labels on food products to safeguard quality and safety of products. As per World Health Organization (WHO), over 2.5 million people died from diarrheal diseases in 2014 due to contaminant diet. In the U.S., approximately 75 million cases are witnessed for the same each year which is resulting in over 325 thousand hospitalizations and nearly 5 thousand deaths.
Factors such as rapid increase in foodborne illness outbreaks, globalization of food supply, implementation of stringent food safety regulations, media influence on consumer awareness regarding food safety, and availability of advanced technology which has significantly quickened up the testing process are anticipated to drive the market growth.
However, the lack of food control infrastructure, limited resources in emerging economies, and moderate awareness among the consumers are some of the restraints faced by this market. Nevertheless, the vendors operating in the global food safety testing market are expected to gain new opportunities in the developing countries due to an increase in the awareness among the consumers.
The pathogen segment is estimated to account for the largest market share in the food safety testing market. E. coli, Listeria, Salmonella, and Campylobacter are some of the main pathogens responsible for food contamination and toxicity. They account for major contaminants found in food and account for a major number of food safety testing. An increase in the instances of foodborne illness, globally, due to pathogen outbreaks is driving the pathogen segment.
In accurate quantitative results, along with risk to perishable food spoilage due to time consuming traditional testing process is a key factor driving the industry towards advanced and upgraded technologies. PCR-based techniques, biosensors, ELISA, Immunoassay and rapid culture detection are repeatedly used technologies in the food testing market. Efficiency to monitor the count, type, and metabolites micro-organisms pertaining to spoilage, preservation, fermentation, safety, and pathogens are key features fueling technology adoption.
The share of Latin-American countries currently remains restricted because of a low awareness about food allergens and intolerance testing. Lack of government initiatives, poor economy and above all lack of awareness among individuals regarding safety related to food are going to hinder the market, though its untapped potential and increasing number of food related problems among people are going to help the growth of market.
Major Key Players in the Latin America Food Testing Market are SGS SA, Eurofins Scientific, Intertek Group plc, Bureau Veritas SA, ALS Limited, Mérieux NutriSciences, TÜV SÜD, TÜV Nord Group, AsureQuality Ltd, Microbac Laboratories Inc, Genetic ID NA Inc, and Laboratory Corporation of America Holdings
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