Market by Technology, Food Tested, and Country Outlook | Forecast 2022-2028
As per Triton’s report, Latin America’s food allergen testing market is likely to grow with a 7.34% of CAGR over the forecasting years between 2022 and 2028.
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The countries
analyzed in this region include:
•
Mexico
•
Brazil
•
Rest of Latin America
Rest
of Latin America accounts for the largest revenue share in the food allergen
testing market in this region. The market for food
allergy testing in Latin America has expanded as a result of the increased
consumption of processed foods. Industrialization and urbanization have largely
contributed to increased processed food consumption. Further, the presence of
companies, such as Quest Diagnostics, which is one of the biggest market
players, is driving market growth.
The Mexican government
has issued a number of guidelines concerning food laws. This is driving the
usage of food allergen testing services in the country. Moreover, since Mexico
is one of the main exporters to the United States, the US Food and Drug
Administration joined forces with its regulatory counterparts and food
producers in Mexico to conduct food safety enforcements, in 2021. Such
developments are beneficial for market growth.
According to data from
the United States Department of Agriculture (USDA), Brazil’s food processing
industry was valued at nearly $152 billion in 2020. The use of food allergen
testing services can expand as a result of Brazil’s broad range of food
exports. Food manufacturers are required to disclose allergens such as wheat,
barley, rye, oats, eggs, fish, crustaceans, milk, soy, natural latex, almonds,
peanuts, hazelnuts, cashew nuts, walnuts, brazil nuts, pecans, pine nuts,
pistachios, and chestnuts on their product labels, in accordance with food
regulations in Brazil. Thus, stringent government regulations are driving the
market in the country.
Some of the most common
food allergens include meat and seafood. Symptoms of a serious, possibly fatal
allergic reaction, called alpha-gal syndrome (AGS), appear after consuming red
meat or being exposed to other alpha-gal-containing items. AGS is also known as
red meat allergy, alpha-gal allergy, or tick bite allergy. Allergen testing for
meat is done by examining its amino acid composition and looking for any potential
symptoms associated with the presence of amino acids.
The
report assesses the market based on food tested and technology. Here,
the food tested segment comprises processed food,
baby food, and beverages. Processed food includes
processed food, bakery and confectionery, meat and seafood, convenience foods,
and other processed foods.
Some
of the leading names present in the food allergen testing market include
Mérieux NutriSciences, AsureQuality Limited, 3M, Auriga Research Pvt Ltd,
Symbio Laboratories, ALS Limited, Intertek Group Plc, and SGS SA.
Intertek Group Plc
(Intertek) offers quality and safety solutions to several end-users around the
globe. The company provides a range of services, including inspection, testing,
auditing, certification, quality assurance, advisory services, sourcing, consulting,
hazardous substance testing, calibration, analytical evaluation, and associated
research.
It offers allergen
testing services for a range of food products. Intertek provides its services
to Manufacturers, retailers, and traders across a range of industries, such as aerospace
& defense, chemicals, food & healthcare, medical & pharmaceutical,
energy & commodities, minerals, and construction & engineering, among
others, can use the company’s services. Founded in 1885, Intertek has a notable
business presence in South America.
Key deliverables of the report:
·
Market
CAGR during the forecasting years 2022-2028
·
Detailed
data highlighting key insights, industry components, and market strategies
· Comprehensive
information and estimation of the food allergen testing market revenue growth
in Latin America and its influence on the parent market
·
In-depth
study of forthcoming trends in consumer behavioral patterns
·
A
meticulous analysis of the competitive landscape, vendor scorecard, and
Porter’s Five Forces Model
· A
wide-ranging study of factors that will challenge the Latin America food
allergen testing market’s growth during the upcoming years
Want
to get specific insights? Our team of analysts can customize this report based
on your preferences. Connect with us here.
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VIEW REPORT1. LATIN
AMERICA FOOD ALLERGEN TESTING MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE FOOD ALLERGEN TESTING MARKET
2.2. KEY
INSIGHTS
2.2.1. ELISA
IS THE MOST COMMONLY USED METHOD FOR FOOD ALLERGEN TESTING
2.2.2. GROWING
ADOPTION OF FOOD ALLERGEN TESTING DUE TO FOOD RECALLS
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTE
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. REGULATORY
FRAMEWORK
2.7. KEY
MARKET STRATEGIES
2.7.1. ACQUISITIONS
2.7.2. PRODUCT
LAUNCHES
2.7.3. BUSINESS
EXPANSIONS
2.8. MARKET
DRIVERS
2.8.1. HIGH
GROWTH OF GLOBAL FOOD TRADE
2.8.2. STRINGENT
GOVERNMENT REGULATIONS
2.8.3. HIGH
CASES OF FOOD ALLERGY
2.9. MARKET
CHALLENGES
2.9.1. LACK
OF REGULATIONS IN DEVELOPING COUNTRIES
2.10. MARKET
OPPORTUNITIES
2.10.1. ADVANCEMENTS IN FOOD
BIOTECHNOLOGY IN RECENT YEARS
3. GLOBAL
FOOD ALLERGEN TESTING MARKET OUTLOOK – BY TECHNOLOGY
3.1. BIOSENSOR-BASED
3.2. IMMUNOASSAY-BASED/ELISA
3.3. PCR
3.4. OTHER
TECHNOLOGIES
4. GLOBAL
FOOD ALLERGEN TESTING MARKET OUTLOOK – BY FOOD TESTED
4.1. PROCESSED
FOOD
4.1.1. DAIRY
PRODUCTS
4.1.2. BAKERY
AND CONFECTIONERY
4.1.3. MEAT
AND SEAFOOD
4.1.4. CONVENIENCE
FOODS
4.1.5. OTHER
PROCESSED FOODS
4.2. BABY
FOOD
4.3. BEVERAGES
5. LATIN
AMERICA FOOD ALLERGEN TESTING MARKET – COUNTRY OUTLOOK
5.1. BRAZIL
5.2. MEXICO
5.3. REST
OF LATIN AMERICA
6. COMPETITIVE
LANDSCAPE
6.1. 3M
6.2. ALS
LIMITED
6.3. ASUREQUALITY
LIMITED
6.4. AURIGA
RESEARCH PVT LTD
6.5. BUREAU
VERITAS SA
6.6. EUROFINS
SCIENTIFIC SE
6.7. INTERTEK
GROUP PLC
6.8. MÉRIEUX
NUTRISCIENCES
6.9. MICROBAC
LABORATORIES
6.10. NEOGEN
CORPORATION
6.11. QUEST
DIAGNOSTICS INCORPORATED
6.12. ROMER
LABS DIAGNOSTIC GMBH
6.13. SGS SA
6.14. SYMBIO
LABORATORIES
6.15. TÜV SÜD
7. RESEARCH
METHODOLOGY & SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.2. SOURCES
OF DATA
7.3. RESEARCH
METHODOLOGY
TABLE 1: VENDOR SCORECARD
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: LIST OF ACQUISITIONS
TABLE 4: LIST OF PRODUCT
LAUNCHES
TABLE 5: LIST OF BUSINESS EXPANSIONS
TABLE 6: LATIN AMERICA FOOD
ALLERGEN TESTING MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 7: LATIN AMERICA FOOD
ALLERGEN TESTING MARKET, BY TECHNOLOGY, 2022-2028 (IN $ MILLION)
TABLE 8: LATIN AMERICA FOOD
ALLERGEN TESTING MARKET, BY FOOD TESTED, 2022-2028 (IN $ MILLION)
TABLE 9: LATIN AMERICA FOOD
ALLERGEN TESTING MARKET, BY PROCESSED FOOD, 2022-2028 (IN $ MILLION)
FIGURE
1: MARKET ATTRACTIVENESS INDEX
FIGURE
2: LATIN AMERICA FOOD ALLERGEN TESTING MARKET, BY TECHNOLOGY, 2021 & 2028
(IN %)
FIGURE
3: LATIN AMERICA FOOD ALLERGEN TESTING MARKET, BY BIOSENSOR-BASED, 2022-2028 (IN
$ MILLION)
FIGURE
4: LATIN AMERICA FOOD ALLERGEN TESTING MARKET, BY IMMUNOASSAY-BASED/ELISA,
2022-2028 (IN $ MILLION)
FIGURE
5: LATIN AMERICA FOOD ALLERGEN TESTING MARKET, BY PCR, 2022-2028 (IN $ MILLION)
FIGURE
6: LATIN AMERICA FOOD ALLERGEN TESTING MARKET, BY OTHER TECHNOLOGIES, 2022-2028
(IN $ MILLION)
FIGURE
7: LATIN AMERICA FOOD ALLERGEN TESTING MARKET, BY FOOD TESTED, 2021 & 2028
(IN %)
FIGURE
8: LATIN AMERICA FOOD ALLERGEN TESTING MARKET, BY PROCESSED FOOD, 2022-2028 (IN
$ MILLION)
FIGURE
9: LATIN AMERICA FOOD ALLERGEN TESTING MARKET, BY PROCESSED FOODS, 2021 &
2028 (IN %)
FIGURE
10: LATIN AMERICA FOOD ALLERGEN TESTING MARKET, BY DAIRY PRODUCTS, 2022-2028
(IN $ MILLION)
FIGURE
11: LATIN AMERICA FOOD ALLERGEN TESTING MARKET, BY BAKERY AND CONFECTIONERY,
2022-2028 (IN $ MILLION)
FIGURE
12: LATIN AMERICA FOOD ALLERGEN TESTING MARKET, BY MEAT AND SEAFOOD, 2022-2028
(IN $ MILLION)
FIGURE
13: LATIN AMERICA FOOD ALLERGEN TESTING MARKET, BY CONVENIENCE FOODS, 2022-2028
(IN $ MILLION)
FIGURE
14: LATIN AMERICA FOOD ALLERGEN TESTING MARKET, BY OTHER PROCESSED FOODS,
2022-2028 (IN $ MILLION)
FIGURE
15: LATIN AMERICA FOOD ALLERGEN TESTING MARKET, BY BABY FOOD, 2022-2028 (IN $
MILLION)
FIGURE
16: LATIN AMERICA FOOD ALLERGEN TESTING MARKET, BY BEVERAGES, 2022-2028 (IN $
MILLION)
FIGURE
17: LATIN AMERICA FOOD ALLERGEN TESTING MARKET, COUNTRY OUTLOOK, 2021 &
2028 (IN %)
FIGURE
18: BRAZIL FOOD ALLERGEN TESTING MARKET 2022-2028 (IN $ MILLION)
FIGURE
19: MEXICO FOOD ALLERGEN TESTING MARKET 2022-2028 (IN $ MILLION)
FIGURE
20: REST OF LATIN AMERICA FOOD ALLERGEN TESTING MARKET 2022-2028 (IN $ MILLION)