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 Residue Type [Toxins (Mycotoxins, Others), Pesticide Residues (Insecticide, Herbicide, Fungicide, Others), Food Allergens, Veterinary Drugs, Heavy Metals, By Technology (Immunoassay, Spectroscopy, Chromatography, Others)], By Application (Dairy products, Fruits & Vegetables, Meat & Poultry, Cereals, Grains & Pulses, Processed Foods, Functional Food Ingredients, Nuts, Seed & Spice, Others) and Country (Brazil, Mexico, Argentina, Venezuela, Others)

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Report

Description

Latin America Residue Testing Market size was valued at USD 476.46 Million in 2021 and is expected to reach USD 910.90 Million by 2028, at a CAGR of 9.7% during the forecast period 2022-2028. Pesticide residues, poisons, chemicals, pathogens, heavy metals, and allergies are among the residues that can be detected in food, animal feed, pharmaceuticals, and beverages using residue testing. To detect the existence of residues in a product’s constituents, it is submitted to chemical or microbiological investigation. Residue testing services provide effective product analysis with quick results and ease of use, as well as little sample preparation labour. Chromatography, spectroscopy, and immunoassay methods are all common types of residue testing. Residue testing stopped the spread of contamination of any kind. this report studies Latin America market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, The Latin America Residue Testing Market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed Latin America Residue Testing Market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).

Latin America Residue Testing Market

MARKET SUMMARY
-
9.7%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 9.7%

Latin America Residue Testing Market

  • 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 report on Latin America Residue Testing Market gives historical, current, and future market sizes (US$ Mn) on the basis of type, livestock, formulation and Country
key players
  • SGS SA
  • Intertek Group plc.
  • Eurofins Scientific
  • Bureau veritas S.A.
  • ALS Limited
Latin America Residue Testing Market

DRIVERS AND RESTRAINTS

Latin America Residue Testing Market DRIVERS : A key element driving the Latin America residue testing services market is consumer awareness of the importance of organic and contaminant-free food. The market is also bolstered by the growing number of severe rules in place in various nations to assess the quality of food and other items, such as pharmaceuticals and animal feed. The rise in the incidence of allergic reactions among people, rising chemical contamination in the food and beverage industry, growing trend of eating organic food, evolving international trade of food ingredients, and rising food safety regulations across Latin America are driving the market for residue testing services.


Latin-America got significant share

Latin America Residue Testing Market

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

Key

Findings of the Report

  • Latin America Residue Testing market is expanding approximately 9.7% CAGR over 2022 to 20287.
  • Brazil & Mexico expected to dominate the revenue share of residue testing market over the forecast period.
  • Based on Application, meat and poultry, cereals, fruits and vegetables, is expected to expand at significant CAGR from 2022 to 2028.
  • Based on Residue Type, toxins segment is expected to create lucrative opportunities for residues testing market over the forecast period.

Key

Features of the Report

Latin America Residue Testing Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


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
  • Neogen Corporation
  • Idexx Laboratories
  • AsureQuality
  • Charm Sciences, Inc.
  • Microbac Laboratories, Inc.
  • Unisensor

Description

Latin America Residue Testing Market size was valued at USD 476.46 Million in 2021 and is expected to reach USD 910.90 Million by 2028, at a CAGR of 9.7% during the forecast period 2022-2028. Pesticide residues, poisons, chemicals, pathogens, heavy metals, and allergies are among the residues that can be detected in food, animal feed, pharmaceuticals, and beverages using residue testing. To detect the existence of residues in a product’s constituents, it is submitted to chemical or microbiological investigation. Residue testing services provide effective product analysis with quick results and ease of use, as well as little sample preparation labour. Chromatography, spectroscopy, and immunoassay methods are all common types of residue testing. Residue testing stopped the spread of contamination of any kind. this report studies Latin America market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, The Latin America Residue Testing Market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed Latin America Residue Testing Market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).

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