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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) – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023

October 2017 | 66 pages | ID: L5CB8161814EN
Precision Business Insights (PBI)

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Latin America Residue Testing Market Report Description:

Latin America Residue Testing Market report gives comprehensive outlook on Latin America Residue Testing across the region with special emphasis on countries Brazil, Mexico, Argentina, Venezuela, Others. This report on Latin America Residue Testing market gives historical, current, and future market sizes (US$ Mn) of residue type, technology, application and countries. This report studies Latin America Residue Testing 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 market report includes 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 (Opportunities).

Latin America Residue Testing Market:

Latin America Residue Testing Market was accounted for US $300 million in 2016, and expected expand at significant CAGR from 2017 to 2023.

Increased food productions, adoption of cutting-edge technologies are expected to create healthy growth opportunities for the market.

Increased agricultural production, improved regulations coupled with equipped with sophisticated food testing laboratories expected to enhance residue testing market. Regular toxin monitoring plans, increased production of pulses are expected to create demand for residue testing market.

Latin America region attracting market investments from the residue test kit manufacturers as it is one of the largest meat exporter in the world. Recent brazil meat import bans by various countries such as U.S., China, Chile, South Korea, and European Union might trigger establishment of new testing facilities in the region.

Toxins Residue Testing Market is expected to account for 24.1% regional revenue share in 2017, and projected to grow at 9.7 % CAGR over 2017 to 2023. Favorable environmental conditions to grow mycotoxins, increased production of cereals, rising milk and meat production expected to enhance the market.

Chromatography technology segment expected to account around 28% revenue share in Latin America residue testing market and projected to grow at 6.0% CAGR over 2017 to 2023. The market for spectroscopy technology projected to reach US$ 156.0 Mn by 2023.

Mass spectroscopy technology segment expected to attract huge demand due to high accuracy in detection of multi residue elements in food. Mass spectrometry is projected to expand at 11.0% CAGR over forecast period.

Dairy Residue Testing Market is projected to offer enormous opportunities over the forecast period in Latin America residue testing market due to surge in the milk production, increased antibiotics, and hormones. Increased mycotoxin levels in dairy products, surge in pesticides, heavy metal contamination expected to enhance the revenue share in future.

Brazil is expected to accounts for major revenue share in 2017.

Brazil market projected to reach US$ 206.1 Mn by 2023 and expected to grow at 8.3 % CAGR over 2017 to 2023 and is expected to gain significant traction over the forecast period due to increased various meat scandals, recent restrictions by various nations on Brazilian meat.

Mexico Residue Testing Market projected to grow at a significant CAGR from 2017 to 2023. Strengthened government regulations, emerging technologies, rise in the food production, expected to enhance the market.

COMPETITION ASSESSMENT

Key players’ profiles in the Latin America Residue Testing market includes Intertek Group plc. (U.K.), SGS S.A. (Switzerland), Silliker Inc. (U.S.), Eurofins Scientific (Luxembourg), Bureau Veritas S.A. (France), ALS Limited (Australia), Microbac Laboratories, Inc. (U.S.), AsureQuality Laboratories (New Zealand).

KEY FINDINGS OF THE REPORT:
    • Latin America Residue Testing market is expanding approximately 8.0% CAGR over 2017 to 2023.
      • Brazil & Mexico expected to dominate the revenue share of residue testing market over forecast period.
      • Based on Application, meat and poultry, cereals, fruits and vegetables, is expected to expand at significant CAGR from 2017 to 2023.
    • 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:
  • The report provides granular level information about the market size, regional market share, historic market (2012-2016) and forecast (2017-2023)
  • 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
DETAILED SEGMENTATION

By Residue Type
  • Toxins
  • Mycotoxin
  • Others
  • Pesticide Residues
  • Insecticide
  • Herbicide
  • Fungicide
  • Others
  • Food Allergens
  • Veterinary Drugs
  • Heavy Metal
By Technology
  • Immunoassay
  • Spectroscopy
  • Chromatography (LC, GC, HPLC)
  • Others
By Application
  • Dairy Products
  • Fruits & vegetables
  • Meat & poultry
  • Cereals, grains & pulses
  • Processed foods
  • Functional Food Ingredients
  • Nuts, Seeds & Spices
By Country
  • Brazil
  • Mexico
  • Argentina
  • Venezuela
  • Rest of Latin America
1. EXECUTIVE SUMMARY

2. LATIN AMERICA RESIDUE TESTING MARKET INTRODUCTION

2.1. Latin America Residue Testing Market – Taxonomy
2.2. Latin America Residue Testing Market–Definitions
  2.2.1. Residue Type
  2.2.2. Technology
  2.2.3. Application

3. LATIN AMERICA RESIDUE TESTING MARKET DYNAMICS & REPORT USPS

3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Latin America Residue Testing Market Dynamics – Factors Impact Analysis
3.6. Latin America Residue Testing Market Dynamics – Regulations
3.7. Product Innovation

4. LATIN AMERICA RESIDUE TESTING MARKET ANALYSIS 2017 – 2025

4.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis

5. LATIN AMERICA RESIDUE TESTING MARKET, BY APPLICATION, 2017 - 2023

5.1. Dairy products
  5.1.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  5.1.3. Market Opportunity Analysis
5.2. Fruits & vegetables
  5.2.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  5.2.3. Market Opportunity Analysis
5.3. Latin Americat & poultry
  5.3.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  5.3.3. Market Opportunity Analysis
5.4. Cereals, grains & pulses
  5.4.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  5.4.3. Market Opportunity Analysis
5.5. Processed foods
  5.5.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  5.5.3. Market Opportunity Analysis
5.6. Functional food ingredients
  5.6.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  5.6.3. Market Opportunity Analysis
5.7. Nuts, seed & spice
  5.7.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  5.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  5.7.3. Market Opportunity Analysis
5.8. Others
  5.8.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  5.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  5.8.3. Market Opportunity Analysis

6. LATIN AMERICA RESIDUE TESTING MARKET, BY RESIDUE TYPE, 2017 - 2023

6.1. Micotoxins
  6.1.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  6.2.3. Market Opportunity Analysis
6.2. Pesticide Residues
  6.2.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  6.2.3. Market Opportunity Analysis
6.3. Food Allergens
  6.3.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  6.2.3. Market Opportunity Analysis
6.4. Veterinary Drugs
  6.4.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  6.2.3. Market Opportunity Analysis
6.5. Heavy Metals
  6.5.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  6.5.3. Market Opportunity Analysis

7. LATIN AMERICA RESIDUE TESTING MARKET FORECAST, BY TECHNOLOGY, 2017 - 2023

7.1. Immunoassay
  7.1.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  7.1.3. Market Opportunity Analysis
7.2. Spectroscopy
  7.2.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  7.2.3. Market Opportunity Analysis
7.3. Chromatography
  7.3.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  7.3.3. Market Opportunity Analysis
7.4. Other technologies
  7.4.1. Market Analysis and Forecast, 2017 – 2025 (Revenue, USD Mn)
  7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis
  7.4.3. Market Opportunity Analysis

9. LATIN AMERICA RESIDUE TESTING MARKET FORECAST, BY COUNTRY, 2017 - 2023

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

10. BRAZIL RESIDUE TESTING MARKET ANALYSIS 2017 - 2023

  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

11. MEXICO RESIDUE TESTING MARKET ANALYSIS 2017 – 2023

12. ARGENTINA RESIDUE TESTING MARKET ANALYSIS 2017 – 2023

13. REST OF LATIN AMERICA RESIDUE TESTING MARKET ANALYSIS 2017 - 2023

14. 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

15. RESEARCH METHODOLOGY

16. KEY ASSUMPTIONS AND ACRONYMS


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