South America Food Pathogen Testing Market Forecast to 2027 – COVID-19 Impact and Analysis - By Type (E.coli, Salmonella, Listeria, Campylobacter and Others), Technology (Traditional Technology and Rapid Technology), and Food Type (Meat and Poultry, Processed Food, Fruits and Vegetables, Dairy, and Cereals and Grains)
Number of Pages: 73
Market Introduction
The market in the SAM region consists of several developed and developing economies, such as Brazil, Argentina, and the rest of South America. The region is contributing to the growth of food pathogen testing in relation to 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 poisoning cases are some of the key factors driving the food pathogen testing market in SAM. Moreover, rising investments by major players to optimize the value chain and improve operations are expected to boost the food pathogen testing market growth in the coming years.
Market Overview and Dynamics
The Food Pathogen Testing market in South America is expected to grow from US$ 561.02 million in 2019 to US$ 963.46 million by 2027; it is estimated to grow at a CAGR of 7.1% from 2020 to 2027. Food pathogen testing is defined as the process that helps in monitoring the presence of any life-threatening bacteria or microbes in food. The food pathogen testing is mainly crucial for the food industry as there are about 31 known viruses and bacteria causing pathogens that can lead to harmful foodborne diseases. This method of testing is employed in every step of food production to ensure food safety. The rise in safety concerns and regulations due to the number of cases of food poisoning drives the growth of the market for food pathogen testing. Also, advancements in various food pathogen testing methods like polymerase chain reaction and immunomagnetic separation and limited detection time favors the adoption of food pathogen testing by various participants in the food industry.
COVID 19 has impacted the major countries of South America. Most of the countries in the region are under lockdown, which is impacting the Food Pathogen Testing Market. This is likely to impact the food and beverages industry in the region, mainly due disrupted supply and distribution chains.
Key Market Segments
In terms of type, salmonella segment accounted for the largest share of the South America Food Pathogen Testing market. In 2019 In terms of technology, rapid technology segment held the largest market share in 2019. In terms of food type, meat and poultry sector accounted for the largest share of the South America Food Pathogen Testing market.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the South America Food Pathogen Testing market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are SGS SA, Bureau Veritas, Intertek Group Plc, Eurofins Scientific, Nérieux NutriSciences, ALS Limited, and FoodChain ID Group Inc.
Reasons to Buy Report
South America Food Pathogen Testing Market Segmentation
South America Food Pathogen Testing market, by Type
South America Food Pathogen Testing market, by Technology
South America Food Pathogen Testing market – by Food Type
South America Food Pathogen Testing market – by Country
Company Profiles