South America Food Allergen Testing Market Forecast to 2027 – COVID-19 Impact and Analysis – by Source (Peanut and Soy, Wheat, Milk, Egg, Tree Nuts, Seafood, and Others), Technology (PCR-Based, Immunoassay-Based / ELISA, and Other Tests/Techniques), and Food Tested (Bakery and Confectionery, Infant Food, Processed Food, Dairy Products and Alternatives, Seafood and Meat Products, and Other Foods)
Number of Pages: 94
Market Introduction
Brazil, Argentina are the key contributors to the SAM food allergen testing market. The region is contributing to the growth of food allergen testing along with the diversification of the application base in the food industry for testing food products such as bakery and confectionery, infant food, processed food, dairy products, and alternatives, seafood and meat products, and other foods. Growing expenditure on nutrition and health, disposable income, and rising cases of food allergies are a few of the key factors driving the food allergen testing market in SAM. Moreover, rising investments by major players to optimize the value chain and improve operations are expected to boost the SAM food allergen testing market growth in the coming years.
Market Overview and Dynamics
The food allergen testing market in SAM is expected to grow from US$ 67.76 million in 2018 to US$ 130.64 million by 2027; it is estimated to grow at a CAGR of 7.6% from 2019 to 2027. Rapid growth in the food and beverages industry and growing international trade activities involving food and food ingredients are projected to provide opportunities for the growth of key players operating in the food allergen testing market. The imported food and food ingredients are strictly checked against quality and labeling standards. Therefore, the food and beverage manufacturers exporting their products in developed regions have to follow stringent food safety and labeling regulations. This further raises the need for food allergen testing products and services.
The COVID 19 pandemic has impacted the major countries in SAM, and many of these countries are under lockdown, which is adversely affecting the food allergen testing market. Brazil has the highest number of COVID-19 cases in SAM, followed by Ecuador, Chile, Peru, and Argentina, among others. Governments of South American countries have taken several actions to protect their citizens and contain COVID-19 spread.
Key Market Segments
In terms of source, the milk segment accounted for the largest share of the SAM food allergen testing market in 2018. In terms of technology, the immunoassay-based / ELISA segment held the largest market share in 2018. In terms of food tested, the dairy products and alternatives segment accounts for the largest share of the SAM food allergen testing market.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the SAM food allergen testing market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Dicentra, Eurofins Scientific SE, Intertek Group Plc, Mérieux NutriSciences,ALS Limited, Romer Labs Diagnostic GmbH, SGS S.A., TUV SUD SPB PTE. LTD., and R-Biopharm AG.
Reasons to Buy Report
SAM Food Allergen Testing Market Segmentation
SAM Food Allergen Testing Market –by Source
SAM Food Allergen Testing Market – by Technology
SAM Food Allergen Testing Market – by Food tested
SAM Food Allergen Testing Market – by Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 67.76 Million |
| Market Size by 2027 | US$ 130.64 Million |
| CAGR (2019 - 2027) | 7.6% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Source
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South America Food Allergen Testing Market is valued at US$ 67.76 Million in 2018, it is projected to reach US$ 130.64 Million by 2027.
As per our report South America Food Allergen Testing Market, the market size is valued at US$ 67.76 Million in 2018, projecting it to reach US$ 130.64 Million by 2027. This translates to a CAGR of approximately 7.6% during the forecast period.
The South America Food Allergen Testing Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Food Allergen Testing Market report:
The South America Food Allergen Testing Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Food Allergen Testing Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Food Allergen Testing Market value chain can benefit from the information contained in a comprehensive market report.
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