Latin America Molecular Methods Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028

Published Date : Dec 2020 | No. of Pages : 250 Pages | Category : ICT

global Latin America Molecular Methods market size is expected to be worth around US$ 183.03 million by 2028, according to a new report by Vision Research Reports.

The global Latin America Molecular Methods market size was valued at US$ 108.10 million in 2020 and is anticipated to grow at a CAGR of 6.9% during forecast period 2021 to 2028.

Growth Factors

The growth of the market is attributed to improvement in safety regulations of edibles, the introduction of automation in food testing protocols, the growing burden of food-borne illness, and a rise in demand for ultra-processed, packaged, and organic food products.

The government authorities are continuously strengthening their surveillance and detection methods to monitor the supply chain of edibles. This minimizes the contamination risks and increases the demand for food safety testing solutions, which, in turn, drives the market. Several agencies, laws and regulations; such as Pan American Health Organization (PAHO), Food and Agricultural Import Regulations and Standards, Regulation and Control of Food, and others; are present to regulate the food safety testing industry as well as govern the interstate and international food trade.

Many countries in the Latin America region are also undertaking efforts to align their regulatory framework with the requirement of the World Trade Organization (WTO), Sanitary and Phytosanitary (SPS) measures, and Technical Barriers to Trade agreements. In addition, these nations are actively seeking to facilitate mechanisms, such as the use of equivalence agreements for sanitary registration.

Moreover, universities and institutes, such as the National University of San Marcos, provide courses and training on food microbiology, hygiene, and safety of edibles. These factors are anticipated to build the capacity pertaining to safety of edibles and risk analysis and consequently strengthen the laboratory networks in Latin America.

Report Highlights

The (PCR) technology dominated the market for molecular methods for food safety testing and accounted for the largest revenue share of 40.9% in 2020. The technology is considered a standard technique among all the technologies. PCR molecular technique is sensitive to pathogens and quickly provides results with higher sensitivity and specificity in the testing of meals.

Constant improvements in PCR platforms such as the development of real-time (RT) PCR to detect the DNA sequence of a pathogen in relatively less time is driving the segment. Moreover, the advent of biosensor technologies has resulted in affordable and faster detection of pathogens is also driving segment growth at a lucrative pace.

Biosensor technology is anticipated to witness lucrative growth over the forecast period. Biosensors are compact analytical devices that are portable systems used for the detection of food-related microorganisms. The application of biosensors has gained ground in food analysis. These devices have overcome the number of challenges associated with other molecular methods, such as saving time and cost.

Moreover, owing to their small size, these devices can be incorporated into a wide variety of equipment, such as food and dairy manufacturing equipment, online process monitoring equipment, and packaging systems. Biosensors can also be employed for food process manufacture monitoring such as the Hazard Analysis and Critical Control Points (HACCP).

The reagents and consumables segment dominated the market for molecular methods for food safety testing and accounted for the largest revenue share of 50.5% in 2020 owing to the broad availability of products and high sale volume. Major key players offering reagents and consumables in Latin American include Thermo Fisher Scientific, Qiagen N.V., PerkinElmer, and Sigma-Aldrich. These companies operate in Latin America through their commercial partners and distributors. Major product offerings include sample preparation kits, PCR kits, detection assays, buffers, and chemicals.

The instruments segment is expected to witness significant growth during the forecast period. This can be attributed to constant improvements in instrument designs for accurate and fast pathogen testing. In addition, lab-on-a-chip or microarray technology for pathogen detection in specimens is continuously gaining popularity.

Microfluidic devices or lab-on-a-chip with portability, miniaturization, and low cost have been developed for the detection of foodborne pathogens. However, this technology is still in its nascent phase and requires further innovation and development of microfluidics systems for measuring pathogenic bacteria.

Mexico dominated the Latin America molecular methods market for food safety testing with a share of 20.6% in 2020. Companies operating in Mexico include Qiagen N.V., Bio-Rad Laboratories, and Hygiena LLC. These companies are expected to witness considerable growth in revenue generation in Mexico owing to the increasing demand for food testing products.

Mexico is closely followed by Brazil in terms of revenue generation in 2019. Brazil signed the Sanitary and Phytosanitary (SPS) Agreement. Diario Oficial da União is the official journal of the federal government, wherein it publishes regarding food regulations of the country. National Agency of Sanitary Surveillance (ANVISA) and the Ministry of Agriculture, Livestock, and Food Supply (MAPA) regulate the safety of agricultural products.

In addition, the country is cooperating with the Food Safety and Inspection Service (FSIS) with the U.S. Department of Agriculture to increase food safety in South America. The FSIS has suggested corrective actions for maintaining safety standards. Moreover, NSF International is a Public Health and Safety Organization in Brazil offering a wide range of services including food safety. Such factors are expected to positively impact the revenue generation in the country.

Key Players

  • NEOGEN Corporation

  • Hygiena, LLC

  • Seegene Inc

  • Thermo Fisher Scientific, Inc.


  • Eurofins Scientific

  • 3M

  • Bio-Rad Laboratories, Inc

  • SGS SA

  • bioMerieux SA

Market Segmentation

  • Product Outlook

    • Instrument

    • Reagents & Consumables

    • Services

  • Technology Outlook

    • PCR

    • Immunoassay

    • Biosensors

    • Microarray

    • Others

  • Regional Outlook 

    • Brazil

    • Mexico

    • Argentina

    • Chile

    • Colombia

    • Peru

    • Ecuador

    • Dominican Republic

    • Guatemala

    • Cuba

    • Panama

    • Venezuela

    • Costa Rica

    • Uruguay

The Latin America Molecular Methods market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Latin America Molecular Methods market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Latin America Molecular Methods market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Latin America Molecular Methods market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Latin America Molecular Methods market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Latin America Molecular Methods capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Latin America Molecular Methods by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Latin America Molecular Methods market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Latin America Molecular Methods market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Latin America Molecular Methods market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Latin America Molecular Methods industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Latin America Molecular Methods market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Latin America Molecular Methods market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Latin America Molecular Methods market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Latin America Molecular Methods market. These factors have benefited the growth of the global market for Latin America Molecular Methods. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Latin America Molecular Methods. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Latin America Molecular Methods are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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