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.
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Brian Withers has been a Fool since 2004 and loves to invest in companies that are disrupting the status quo. His best investment was to get his kids into Foolish stocks at the young ages of 5 & 7. Prior to starting his contract writer role with The Fool, he spent 30 years between IBM, Dell, and Allergan helping make their operations run better. When he s not writing, you can find Brian riding his bike around the Research Triangle Area in North Carolina. Feel free to reach Brian via email: bwithbike@gmail.com. Follow @bwithbike
IDEXX Laboratories, Inc. (NASDAQ:IDXX) stock has been a coronavirus winner, climbing over 90% since January 2020 and soundly beating the
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