(+1) 614-588-8538 Central and South America Food Safety Testing Market Size to Grow at CAGR of 6.80% Forecast2021-2026 Technological Advancements in Testing Industry Driving the Growth of Central & South America Food Safety Testing Market.
BriefingWire.com, 6/09/2021 - Central & South America Food Safety Testing Market size was valued at $ 1.29 Billion by 2020, and is anticipated to grow at a CAGR of 6.80% during the forecast period 2021-2026. The Central & South America Food Safety Testing Market growth rate is attributed to a rise in the cases of chemical contamination in food processing industries owing to improper use of techniques in the production of ready-to-eat meals is anticipated to boost the product demand in the market over the forecast period 2021-2026. Food safety testing is the examination of food products for disease-causing organisms, chemicals, and other hazardous materials. An increased outbreak of food-borne illnesses worldwid
Central & South America Food Safety Testing Market Segment Analysis – By Food Type
On the basis of food type, meat, poultry, & seafood products segment accounted for the largest segmental revenue of the Central & South America Food Safety Testing market in 2020 owing to an increasing consumption of meat and meat products across the globe and high risk of diseases in red meats are poised to drive the segment growth over the forecast period 2021-2026.
However, the dairy & dairy products are poised to hold the highest growth rate with a CAGR of 7.89% over the forecast period 2021-2026. This is attributed to the fact that on account of some instances of contamination during the production process. Besides, the demand for safety tests conducted for the segment is anticipated to rise on account of stringent regulations in place concerning standard milk composition.