South America Food Allergen Testing Market
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.
Strategic insights for the South America Food Allergen Testing provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 67.76 Million |
| Market Size by 2027 | US$ 130.64 Million |
| Global 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 geographic scope of the South America Food Allergen Testing refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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.
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.
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
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
The List of Companies - South America Food Allergen Testing Market
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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