Latin America Residue Testing Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023

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).

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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.

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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 xx% 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 SGS SA, Intertek Group plc., Eurofins Scientific, Bureau veritas S.A., ALS Limited, Neogen Corporation, Idexx Laboratories, AsureQuality, Charm Sciences, Inc., Microbac Laboratories, Inc., Unisensor.

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