Central & South America Food Safety Testing Market Size By Test (Allergen Testing, Chemical & Nutritional Testing, Microbiological Testing), By End-Use, And Segment Forecasts, 2019 - 2025Report

Central & South America Food Safety Testing Market Size By Test (Allergen Testing, Chemical & Nutritional Testing, Microbiological Testing), By End-Use, And Segment Forecasts, 2019 - 2025

  • Published Date: Jan, 2019
  • Base Year for Estimate: 2017
  • Report ID: GVR-2-68038-761-2
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2016
  • Number of Pages: 98

Industry Insights 

Central & South America food safety testing market size was estimated at USD 0.87 billion in 2017 and expected to register a growth of 5.7% over the forecast period. The market is anticipated to be driven by growing instances of outbreaks of foodborne diseases, leading to consumer awareness regarding safety, which will consequently drive market growth.

The rising demand for packaged eatables in the region driven by technological improvement, changing lifestyle, modern retail trades, and increased popularity of quick-service restaurants have a positive impact on market growth. In addition, innovative processing techniques for extending the shelf life of eatables is expected to drive the demand for processed food.

Peru food safety testing market

A wide range of chemical additives and preservatives used in the processing of eatables to extend the shelf life are projected to drive the demand for chemical examination of processed food products. In addition, packaged eatables exhibits contamination due to the migration of chemicals from packaging materials which is further expected to increase the need for food testing.

Mass spectrometry is a popularly used technique as it allows the detection of low concentration analytes. In addition, advanced instrumental techniques including, infrared (IR) spectroscopy, mass spectroscopy, and nuclear magnetic resonance (NMR) spectroscopy along with ELISA (enzyme-linked immunosorbent assay) test kits are majorly used for safety assurance in the region.

The governments in the region have launched several initiatives including Good Farming Practice (GFP), Good Agricultural Practice (GAP), and follow the Food Safety Modernization Act implemented by the U.S. government in 2011. These regulations ensure that testing laboratories meet the high-quality standards and projected to drive market growth over the forecast period.

The government agencies are stepping up to monitor the food supply chain in order to minimize the contamination. The private sector is also contributing to the efforts by testing the raw ingredients and final products. In addition, increasing international trade with other countries, where regulations are stringent is expected to boost food safety testing.

Test Insights

Microbiological testing is a crucial requirement across numerous applications in the food industry and accounted for the largest share of the market. The risk of being negatively affected by the microorganisms such as E. Coli, Salmonella, Campylobacter, listeria; and bacteria causing significant contamination and damage to human health have a major impact on market growth.

Genetically Modified Organisms (GMO) testing is anticipated to grow at a CAGR 5.8%, owing to stringent regulations regarding the cultivation of GMO seeds. Harmful effects due to the presence of GMOs in the food have caused the governments to issue regulatory measures governing genetically modified products, which has resulted in an increase in GMO testing within the food sector.

Increase in use of unapproved pesticides for crops and preservatives in eatables is estimated to lead the growth in residue & contamination testing over the forecast period. The contamination of vegetables and fruits with pesticides can lead to many health hazards including cancer, malformation, and damage to the endocrine, nervous, and immune systems thereby driving the segment growth.

Chemical & nutritional testing of products is essential to know the nutritional composition of eatables and to ensure compliance with labeling regulations. Mass spectroscopy is the most commonly used testing technique which allows the detection of low-concentration analytes and ensures that the product meets all the regulatory requirements regarding nutritional declarations.

End-Use Insights

Meat, poultry, seafood, and its derived products contribute the largest share to the market and accounted for 39.1% in 2017, owing to high meat production in the region. These products are analyzed for the presence of chemical constituents such as fat & moisture content, protein, and protein on a fat-free basis (PFF) has a positive impact on driving market growth.

Improper use of antibiotics and unapproved drugs in aquaculture is a major concern for seafood product manufacturers owing to their hazardous effects on consumers. This spiked the demand for drug residue testing in seafood products and processed crab meat. Increase in exports of seafood from the region is expected to aid the market growth further.

Central & South America food safety testing market

Processed food segment accounted for 28.3% of the revenue share in 2017 as the convenience and ready-to-eat eatables undergo a number of tests including sensory analysis, health claims, allergen testing, shelf life testing, and packaging migration analysis. Increasing consumer preference for processed and exotic fruits in the region is driving the segment growth.

The growing customer requirements for premium quality beverages with longer shelf-life including soft drinks, energy drinks, fruit juices, and alcoholic beverages are leading to the increased use of concentrates, flavorants, and preservatives in the products. This has resulted in increased instances of beverage testing thereby driving the segment growth over the projected period.

Regional Insights

Central & South America food safety testing market is expected to exhibit substantial growth over the forecast period, owing to the numerous frauds in the region leading to increased market demand. The region is expected to witness increased demand for authenticity testing, owing to the meat scandal in Brazil and milk scandal in Peru.

Brazil accounted for the largest market share in 2017 and is expected to continue to dominate the market over the forecast period. However, slow economic growth in the majority of the countries in Central & South America including Brazil, Argentina, Chile, and Colombia may have a negative impact on the market growth over the projected period from 2018 to 2025.

The rising number of foodborne disease outbreaks in the region has resulted in government imposing stringent regulations concerning safety testing of the products. The region is witnessing an upward trend of increase in consumption of packaged and processed eatables, which is estimated to further boost the market growth.

Peru accounted for USD 37.4 million in 2017 and is expected to reach USD 64.8 million by 2025 growing at a CAGR of 7.1% owing to stringent government regulations in the country. The rising number of fraud along with an increase in allergy-prone population in the country is expected to drive the market growth over the projected period.

Central & South America Food Safety Testing Market Share Insights

The market exhibits a large number of players providing the food safety testing service to the food manufacturers, leading to high competitive rivalry in the market. However, the market is highly concentrated with a handful of players controlling the larger market share and trying to build goodwill by providing better service to its customers.

The market is very capital intensive, thereby making it difficult for the new entrants to establish their business. Major food manufacturers prefer long-term contracts with the laboratories, further providing barriers to the entry of new players. Furthermore, the industry has witnessed a trend of increasing consolidation, which is expected to continue over the forecast period.

Report Scope

Attribute

Details

Base year for estimation

2017

Actual estimates/Historical data

2014 - 2016

Forecast period

2018 - 2025

Market representation

Revenue in USD million and CAGR from 2018 to 2025

Regional scope

Central & South America

Country scope

Peru, Ecuador, Bolivia

Report coverage

Revenue forecast, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analysts working days)

If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments covered in the report

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the Central & South America food safety testing market on the basis of test, end-use and country:

  • Test Outlook (Revenue, USD Million; 2014 - 2025)

    • Allergen Testing

    • Chemical & Nutritional Testing

    • Genetically Modified Organism (GMO) Testing

    • Microbiological Testing

    • Residues & Contamination Testing

    • Others

  • End-Use Outlook (Revenue, USD Million; 2014 - 2025)

    • Meat, Poultry, & Seafood Products

    • Dairy & Dairy Products

    • Processed Food

    • Beverages

    • Cereals & Grains

    • Others

  • Regional Outlook (Revenue, USD Million; 2014 - 2025)

    • Central & South America

      • Peru

      • Ecuador

      • Bolivia

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