Latin America Residue Testing Market: By Type (Toxins (Mycotoxins and Others), Pesticide Residues (Insecticide, Herbicide, Fungicide, and Others), Food Allergens, Veterinary Drugs, and Heavy Metal), By Technology (Chromatography based (HPCL, GC, LC, LC-MS/MS), Spectroscopy, Immunoassay), By Application (Dairy Products, Fruits & Vegetables, Meat & Poultry, Cereals, Grains & Pulses, Processed Foods, Functional Food Ingredients, and Nuts, Seeds & Spices) and Country

Latin America residue testing market was valued at US$ 423.6 million in 2022 and is poised to grow at a high CAGR of 6.4% from 2023 to 2029 to reach US$ 655.3 million by 2028. Government regulations for pesticide residue testing set by Chilian regulations, technological advancement for testing food items, The lack of evaluations of toxicological risks in human health has increased uncertainty of the potential effects of pesticide exposures in the Chilean population, leading to increasing programmes for testing of pesticide residues in the metropolitan regions of Chile, Brazil, and Mexico, which drive the market. In 2021, insecticide residue had a market revenue share of 23.5%, and from 2022 to 2028, it is predicted to increase at a CAGR of 6.1%, as increasing awareness of food testing. By technology, LC-MS/MS testing has a market share of 45.6% and is expected to increase at a CAGR of 6.5% in the future years. However, and the lack of standardization and inappropriate standard of sample collection hampers the Residue Testing Market.

Latin America Residue Testing Market Key Developments:

• In February 2021, PrimusLabs is excited to announce the opening of a new laboratory near Guadalajara, Mexico. The new microbiological laboratory offers testing for pathogens and indicator organisms in product, water, soil, or environmental surfaces.