Brazil is among the largest markets in the world for food safety testing. The market is anticipated to register a high CAGR during the forecast period. Traditionally, the nation was dependent mostly on agar culturing and PCR-based assay to meet its food safety testing needs. However, with increasing awareness of food-borne diseases, and rising consumer awareness regarding health & safety, the nation progressively relies on sophisticated and extensive testing innovations such as immunoassay-based assay.
Rise in cases of food-borne diseases has boosted the demand for detailed & strict safety tests to ensure that the food is safe and devoid of contamination. This has been the primary driving force behind development of the Brazil food safety testing market. In addition, implementation of government guidelines and execution of stringent food safety procedures have significantly driven the market. However, lack of sufficient infrastructure and dearth of skilled employees to perform food safety testing are the major restraints of the market. In addition, high costs of advanced tools and requirement for normal maintenance & calibration limit the execution of food safety testing modern technology in the nation.
On the contrary, increase in number of restaurants and food outlets in the country is expected to open lucrative opportunities for the Brazil food safety testing market. With the wide variety of food options available to consumers, thorough and rigorous safety testing to be performed on a regular basis becomes more essential. In addition, rise in import & export of food products creates the opportunity for establishment of advanced and detailed testing procedures to ensure the quality & safety of food. The development in e-commerce has driven the Brazil food safety testing market owing to inclination of consumers toward online food purchase, thus mandating the food safety testing. By developing testing standards for online purchases, the country is projected to produce a new market for food safety testing solutions.
The Porter’s five forces analysis aids to comprehend the level of competition and bargaining power of various stakeholders in the food safety testing market in Brazil. The analysis includes threat of new entrants, threat of substitutes, bargaining power of buyers, bargaining power of suppliers, and competitive rivalry. The threat of new entrants and competitive rivalry are low in the market due to high entry barriers for new entrants and strong presence of reputable players. Due to the presence of established players, the market is not extremely competitive. However, the appearance of innovations such as immunoassay-based examinations is expected to increase competitors. The bargaining power of suppliers is reduced in the Brazil food safety testing market due to limited number of suppliers that provide safety testing solutions. The bargaining power of buyers is high in the Brazil food safety testing market owing to increase in consumer understanding regarding food safety. The threat of substitutes is low in the market. While other modern technologies such as spectroscopy can be considered as substitutes, testing based on agar culturing and PCR-based assays remain as the most relied on methods of food safety testing in the country.
Rise in advanced testing methods such as immunoassay testing is anticipated to boost the development of the Brazil food safety testing market. Latest technology allows the detection of a variety of contaminants in a short time. In addition, implementation of stringent protocols by government regarding food safety testing is expected to drive the development of the market. The government is expected to present a host of new regulations to ensure safety of the food supply chain. The need to maintain the safety of food supply chain is projected to increase the food safety testing market in the nation. Furthermore, surge in use mobile is expected to boost the reach of food safety testing solutions in Brazil. With rise in remote testing systems along with AI-enabled solutions, firms are currently able to perform testing quickly and efficiently. This is anticipated to drive the growth of the market in the coming years.
Key Benefits For Stakeholders
- Enable informed decision-making process and offer market analysis based on current market situation and estimated future trends.
- Analyze the key strategies adopted by major market players in brazil food safety testing market.
- Assess and rank the top factors that are expected to affect the growth of brazil food safety testing market.
- Top Player positioning provides a clear understanding of the present position of market players.
- Detailed analysis of the brazil food safety testing market segmentation assists to determine the prevailing market opportunities.
- Identify key investment pockets for various offerings in the market.
Brazil Food Safety Testing Market Report Highlights
| Aspects | Details |
 Forecast period | 2021 - 2031 |
 Report Pages | 72 |
 By Food Tested |
|
 By Type |
|
 By Technology |
|
 Key Market Players | SGS, Intertek, Emsure Technologies, Merieux Nutrisciences, TUV SUD, ALS Limited, Eurofins Scientific, Scimed, Bureau Veritas, IDEXX Laboratories |
The Brazil Food Safety Testing Market is projected to grow at a CAGR of 6% from 2021 to 2031
SGS, Bureau Veritas, Intertek, Eurofins Scientific, TUV SUD, ALS Limited, IDEXX Laboratories, Merieux Nutrisciences, Scimed, Emsure Technologies are the leading players in Brazil Food Safety Testing Market
1. Enable informed decision-making process and offer market analysis based on current market situation and estimated future trends.
2. Analyze the key strategies adopted by major market players in brazil food safety testing market.
3. Assess and rank the top factors that are expected to affect the growth of brazil food safety testing market.
4. Top Player positioning provides a clear understanding of the present position of market players.
5. Detailed analysis of the brazil food safety testing market segmentation assists to determine the prevailing market opportunities.
6. Identify key investment pockets for various offerings in the market.
Brazil Food Safety Testing Market is classified as by food tested, by type, by technology
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