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Latin America Residue Testing Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

Latin America Residue Testing Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

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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

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Report

Description

The Latin America residue testing market was valued at USD 423.6 million in 2021, growing at a high CAGR of 6.4% from 2022 to 2028 to reach USD 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.

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.

Latin America Residue Testing Market

MARKET SUMMARY
-
6.4%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 6.4%

Latin America Residue Testing Market

  • The latin america residue testing market report gives comprehensive outlook across the region with special emphasis on key countries such as Brazil, Mexico, Argentina, Venezuela, and Rest of Latin America Countries
  • The latin america residue testing market is segmented based on type, technology, application, and geography.
key players
  • SGS SA
  • Intertek Group plc.
  • Eurofins Scientific
  • Bureau veritas S.A.
  • ALS Limited
Latin America Residue Testing Market

Residue Testing Market is surging owing to frequent acquisitions and launchings by the market players. Strategic alliances by the players such as acquisitions, mergers, expansions and new product launches may enhance the company’s growth. For instance, In June 2018, Bureau Veritas is pleased to announce the new addition of highly sophisticated analytical services for “Residues & Contaminants” in food and beverage samples at their Food & Water Testing Laboratory. This method is worldwide recognized for detecting and accurately quantifying a variety of food risks, including newly discovered and emergent food-related problems.

Latin America Residue Testing Market

The Brazil residue testing market is expected to be worth USD 132.3 million in 2022, growing at a high CAGR of 6.3% from 2022 to 2028 to reach USD 253.4 million by 2028. Growing food poisoning cases in the country as a result of pesticide residues in food or food products, the need for residue testing of food products, as well as stringent government regulations for residue testing in the region, drive the market.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2016-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Latin America Residue Testing Market Segmentation

segmentation-block-image

Type

    • Toxins
    • Pesticide Residues
    • Food Allergens
    • Veterinary Drugs
    • Heavy Metal
segmentation-block-image

Technology

    • Immunoassay
    • Spectroscopy
    • Chromatography (LC, GC, HPLC)
    • Others
segmentation-block-image

Application

    • Dairy Products
    • Fruits & vegetables
    • Meat & poultry
    • Cereals, grains & pulses
    • Processed foods
    • Functional Food Ingredients
    • Nuts, Seeds & Spices
segmentation-block-image

By Geography

    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • MEA
Location

GEOGRAPHY

Frequently Asked Questions

The latin america residue testing market is projected to expand at a CAGR of 6.4% during the forecast period

SGS SA, Intertek Group plc., Eurofins Scientific, Bureau veritas S.A., ALS Limited

Latin America is the fastest-growing region for latin america residue testing market

Report

Table Of Content

  1. Executive Summary
  2. Latin America Residue Testing Market Introduction
    • Latin America Residue Testing Market – Taxonomy
    • Latin America Residue Testing Market–Definitions
      • Residue Type
      • Technology
      • Application
  1. Latin America Residue Testing Market Dynamics & Report USPs
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Latin America Residue Testing Market Dynamics – Factors Impact Analysis
    • Latin America Residue Testing Market Dynamics – Regulations
    • Product Innovation
  2. Latin America Residue Testing Market Analysis 2017 – 2025
    • Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Latin America Residue Testing Market, By Application, 2018 – 2024
    • Dairy products
      • Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
      • Market Opportunity Analysis
    • Fruits & vegetables
      • Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
      • Market Opportunity Analysis
    • Latin Americat & poultry
      • Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
      • Market Opportunity Analysis
    • Cereals, grains & pulses
      • Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
      • Market Opportunity Analysis
    • Processed foods
      • Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
      • Market Opportunity Analysis
    • Functional food ingredients
      • Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
      • Market Opportunity Analysis
    • Nuts, seed & spice
      • Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
      • Market Opportunity Analysis
    • Others
      • Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
      • Market Opportunity Analysis
  1. Latin America Residue Testing Market , By Residue Type, 2018 – 2024
    • Micotoxins
      • Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  1. 2.3. Market Opportunity Analysis
    • Pesticide Residues
      • Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
      • Market Opportunity Analysis
    • Food Allergens
      • Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  1. 2.3. Market Opportunity Analysis
    • Veterinary Drugs
      • Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  1. 2.3. Market Opportunity Analysis
    • Heavy Metals
      • Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
      • Market Opportunity Analysis
  1. Latin America Residue Testing Market Forecast, By Technology,
  2. 2018 – 2024
    • Immunoassay
      • Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
      • Market Opportunity Analysis
    • Spectroscopy
      • Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
      • Market Opportunity Analysis
    • Chromatography
      • Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
      • Market Opportunity Analysis
    • Other technologies
      • Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
      • Market Opportunity Analysis
  1. Latin America Residue Testing Market Forecast, By Country,

2018 – 2024

9.1. Brazil

9.1.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)

9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis

9.1.3. Market Opportunity Analysis

9.2. Mexico

9.2.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)

9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis

9.2.3. Market Opportunity Analysis

9.3. Argentina

9.3.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)

9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis

9.3.3. Market Opportunity Analysis

9.4. Rest of Latin America

9.4.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)

9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis

9.4.3. Market Opportunity Analysis

9.5.  Latin America Residue Testing Market – Opportunity Analysis Index,

By Residue Type, Technology, Application, Country and , 2017 – 2025

Brazil Residue Testing Market Analysis 2018 – 2024

10.1.1.Application Analysis Forecast (2017 – 2025) by Revenue (USD Mn),

Y-o-Y Growth (%), and Market Share (%)

10.1.1.1. Dairy products

10.1.1.2. Fruits & vegetables

10.1.1.3. Latin Americat & poultry

10.1.1.4. Cereals, grains & pulses

10.1.1.5. Processed foods

10.1.1.6. Functional food ingredients

10.1.1.7. Nuts, seed & spice

10.1.1.8. Others

10.1.2.Residue Type Analysis Forecast (2017 – 2025) by Revenue (USD Mn),

Y-o-Y Growth (%), and Market Share (%)

10.1.2.1. Micotoxins

10.1.2.2. Pesticide Residues

10.1.2.3. Food Allergens

10.1.2.4. Veterinary Drugs

10.1.2.5. Heavy Metals

10.1.3.Technology Analysis Forecast (2017 – 2025) by Revenue (USD Mn),

Y-o-Y Growth (%), and Market Share (%)

10.1.3.1. Immunoassay

10.1.3.2. Spectroscopy

10.1.3.3. Chromatography

10.1.3.4.  Other technologies

10.1.4. Brazil Residue Testing Market – Opportunity Analysis Index,

By Residue Type, Technology, Application, Country, and Country, 2017 – 2025

10.1.5. Brazil Residue Testing Market Dynamics – Trends

Mexico Residue Testing Market Analysis 2018 – 2024

Argentina Residue Testing Market Analysis 2018 – 2024

Rest of Latin America Residue Testing Market Analysis 2018 – 2024

Competition Landscape

14.1. Strategic Dashboard of Top Market Players

14.2. Company Profiles (Introduction, Financial Analysis Product & Service Offerings,

Key Developments, Strategies, and SWOT Analysis)

14.2.1. SGS SA

14.2.2. Intertek Group plc.

14.2.3. Eurofins Scientific

14.2.4. Bureau veritas S.A.

14.2.5. ALS Limited

14.2.6. Neogen Corporation

14.2.7. Idexx Laboratories

14.2.8. AsureQuality

14.2.9. Charm Sciences, Inc.

14.2.10. Microbac Laboratories, Inc.

14.2.11. Unisensor

Report

Company Profile

  • SGS SA
  • Intertek Group plc.
  • Eurofins Scientific
  • Bureau veritas S.A.
  • ALS Limited

Description

The Latin America residue testing market was valued at USD 423.6 million in 2021, growing at a high CAGR of 6.4% from 2022 to 2028 to reach USD 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.

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.

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