The South America food pathogen testing market is expected to grow from US$ 561.02 million in 2019 to US$ 963.46 million by 2027; it is estimated to grow at a CAGR of 7.1% from 2020 to 2027.
The South America food pathogen testing market is likely to account for a remarkable share of the food pathogen testing market across the world during the forecast period. One of the factors that is driving the South America food pathogen testing market is an upsurge in foodborne illness outbreak. The foodborne illness colloquially referred to as food poisoning is any type of illness which results from the spoilage of food, due to pathogenic viruses, bacteria or parasites that have the capability of contaminating the food. There is an increase of the number of people who are elderly and disproportionately susceptible to the serious outcomes of foodborne illness worldwide. Foodborne diseases comprise of a wide range of illness ranging from diarrhea to cancer. Some of the gastrointestinal issues can produce neurological, immunological and gynecological symptoms. Changes in food microorganisms can lead to the constant evolution of pathogens, development of resistance to antibiotics and change in the virulence of the known pathogens. Most of the people remain exposed to the risks of contaminated food in commercial foodservice settings due to poor hygiene
In terms of food type, the meat and poultry segment led the South America food pathogen testing market in 2019. Meat consumption has increased tremendously owing to its health benefits, such as improved protein intake coupled with a rise in spending on outdoor dinners. The necessity to improve or maintain the product quality due to growing consumer awareness and health consciousness drives the food pathogen testing demand. Developing regulations attributed to increasing food pathogen outbreaks through poultry, meat, and seafood products amplify the segment growth. The most important pathogens associated with meat and poultry are E. coli, campylobacter, and Salmonella. Unhygienic conditions and improper handling during skinning and de-feathering results in contamination anticipated supporting this segment growth. Escherichia coli colonizes the intestines of animals that can contaminate muscle meat at slaughter. Salmonella is found in the intestinal tracts of livestock, poultry, and other warm-blooded animals.
SGS SA, Bureau Veritas, Intertek Group Plc, Eurofins Scientific, Nérieux NutriSciences, ALS Limited, and FoodChain ID Group Inc. are among the key players in the market in this region.
The COVID-19 is anticipated to cause a loss of more than 3 Billion in the South America region. The consequence and impact can be even worse and totally depends on the spread of the virus. Brazil has the highest number of COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina, among others. The government of South America has taken an array of actions to protect their citizens and contain COVID-19’s spread. It is anticipated that South America will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the United States, which are important trade partners. Containment measures in several countries of South America will reduce economic activity in the manufacturing and service sectors for at least the next quarter, with a rebound once the epidemic is contained.
The overall South America food pathogen testing market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the South America food pathogen testing market with respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants typically associated with this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the South America Food Pathogen Testing market.