Mexico is a large player in the global food industry, and one of the essential markets for food safety testing innovation. With the increase in health concerns among customers, the demand for food safety testing is getting significant importance in this area. The Mexico food safety testing market is segmented on the basis of type, food tested, and technology. By type, the market is categorized into pathogen, genetically modified organism (GMO), and chemical & toxin. On the basis of food tested, the market is segregated into meat & meat product, dairy & dairy product, cereals, grains, pulses, and processed food. By application, the market is classified into agar culturing, PCR-based assay, and immunoassay-based.
The Mexico food safety testing market is expected to witness a notable growth during the forecast period of 2023-2031. The growth of the Mexico food safety testing market is majorly driven by surge in health and safety awareness among the populace causing an increase in demand for food safety testing. In addition, stringent Government regulations pertaining to food safety, increase in financial investments in food safety innovation, and rise in application of food testing businesses are expected to drive the growth of the market. Furthermore, increase in health awareness has led to surge in need for food safety tests, encouraging investments in food safety innovation. In addition, the R&D efforts of small and average businesses are anticipated to support the growth of the market in this country.
On the contrary, the major restraints for Mexico food safety testing market are the absence of correct framework and the availability of testing tools in this country. The lack of appropriate infrastructure and dearth of skilled expertise impede the growth of this market in Mexico. In addition, high cost of the tests and the unavailability of funds hinder the growth of the Mexico food safety testing market. In addition, stringent government regulations and laws are expected to hinder the growth of the market during the forecast period.
Conversely, rise in application of food safety testing in the retail industry is expected to provide significant growth opportunities for Mexico food safety testing market in near future. Furthermore, to enhance consumer ease and bigger reach of food products due to new retail trends foster the utilization of food testing methods. In addition, increase in popularity of online sales is anticipated to offer major opportunities for the Mexico food safety testing market.
Moreover, upsurge in demand for fast food is expected to provide major growth opportunities for Mexico food safety testing market. In addition, shift in lifestyle preferences in the direction of practical and ready-to-eat food has increased the demand for such testing methods. This, subsequently, has boosted the demand for food safety testing for these things.
The Porter’s five forces analysis is a model, which analyzes the competitive scenario of the industry and role of each stakeholder. The five forces include the bargaining power of buyers, supplier power, the rivalry between existing companies, the threat of new entrants, and the threat of substitute products The bargaining power of the suppliers in Mexico food safety testing Market is low due to the existence of a multiple distributors offering competitive rates. The bargaining power of buyers in this market is modest as customers are largely dependent on the suppliers for their requirements. The threat of substitute in Mexico food safety testing Market is low as there are less choice or alternatives available for the testing of food. The threat of new entrants is low due to the existence of a couple of major players in the market and the high investment required for entry of new market players. The competitive rivalry between existing companies is moderate, due to few dominated significant players in the market.
The major factors that lead to the growth of Mexico food safety testing market are increase in penetration of mobile technologies and social media. The success of these innovations in the Mexico food safety testing market is anticipated to be driven by the ever-evolving food-related needs and rise in digitalization of food safety testing. This enables the data to be collected from remote areas and provides a far better evaluation of the same. Furthermore, surge in demand for improvements in food safety tests is expected to be a major future trend. This trend is driven by an increase in customer demand for clean and safe foods. In addition, there is an increase in demand for blockchain-enabled food safety testing technology, which monitors digital records of food products and ensures safety & security.
Key companies profiled in the report are Autensa, GAC S.A, Bioelectron, Prosay Internacional, Grupo de Sistemas de Medición, Eurofins, Testo S.A de C.V., Quadra Chemicals Mexico, Exova, Laboratorios Pasteur S.A.
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 mexico food safety testing market.
- Assess and rank the top factors that are expected to affect the growth of mexico food safety testing market.
- Top Player positioning provides a clear understanding of the present position of market players.
- Detailed analysis of the mexico food safety testing market segmentation assists to determine the prevailing market opportunities.
- Identify key investment pockets for various offerings in the market.
Mexico Food Safety Testing Market Report Highlights
| Aspects | Details |
 Forecast period | 2021 - 2031 |
 Report Pages | 89 |
 By Food Tested |
|
 By Type |
|
 By Technology |
|
 Key Market Players | Exova, Bioelectron, Grupo de Sistemas de Medición, Laboratorios Pasteur S.A., Prosay Internacional, Autensa, Eurofins, Quadra Chemicals Mexico, GAC S.A, Testo S.A de C.V. |
The Mexico Food Safety Testing Market is estimated to reach $1.2 billion by 2031
Key companies profiled in the report are Autensa, GAC S.A, Bioelectron, Prosay Internacional, Grupo de Sistemas de Medición, Eurofins, Testo S.A de C.V., Quadra Chemicals Mexico, Exova, Laboratorios Pasteur S.A.
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 mexico food safety testing market.
3. Assess and rank the top factors that are expected to affect the growth of mexico food safety testing market.
4. Top Player positioning provides a clear understanding of the present position of market players.
5. Detailed analysis of the mexico food safety testing market segmentation assists to determine the prevailing market opportunities.
6. Identify key investment pockets for various offerings in the market.
Mexico Food Safety Testing Market is classified as by food tested, by type, by technology
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