(Entertainment-NewsWire.com, December 07, 2017 ) According to the report Latin America Food Safety Testing Market, published by Market Data Forecast, the global market is projected to reach USD 1.33 billion by 2021, at a CAGR of 6.40% from 2016 to 2021. Food supply, globally, is under persistent threat, and there is an increasing need for realistic test products that can safeguard food safety.
Shortcoming in treating and processing the food to put an end to toxins and other impurities, incorrect handling of food and polluted input food materials are the main factors that results in food contamination.
The growth of the Latin America Food Safety Testing Market is mainly driven by factors such as increase in the number of foodborne illnesses and globalization of the food business. Factors such as time and cost of the testing techniques are the main factors limiting the growth of this market. The Food safety Testing Market is segmented as following:
Product Segmentation: Based on Contaminant: Microbial GMOs Metal Contaminants Pesticides and Residues Toxins Food Allergen Other Contaminants
Based on Food Type: Meat & Poultry Dairy Product Processed Food Beverages Fruits & Vegetables Other Food
Based on Technology: Traditional technology Rapid technology
The major companies operating in the global Food Safety Testing market are Bureau Veritas S.A., ALS Limited, Eurofins Scientific, Intertek Group PLC, Silliker Inc., and DTS Laboratories. Significant strategies such as investments in R&D are being employed by major companies to meet the rising demand for Food Safety Testing.
The Food safety testing market study offers the following deliverables: Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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