The Global Food Allergen Testing Market report assesses the historical and current data along with a thorough analysis of the market dynamics. The report also sheds light on the significant market growth driving and restraining factors that are anticipated to influence the market growth through the forecast period. The global Food Allergen Testing market studies the market scenario to offer growth projections for the Food Allergen Testing industry. The report focuses on potential growth opportunities and limitations the prominent players of the industry might face during the entirety of the forecast timeline. The report pays special heed to the emerging business components, niche sectors, and product launches and brand promotions occurring in the market to help the readers make fruitful investment strategies.
The global food allergen testing market size reached USD 760.7 Million in 2022 and is expected to register a rapid revenue CAGR of 6.9% during the forecast period. Rising allergic reactions among consumers is a key factor driving market revenue growth. Food allergies develop when the immune system overreacts to normally harmless foods and can cause stomachache, diarrhea, dizziness, asthma, rashes, and stinging or tingling in the mouth. Food allergy testing helps to determine whether the individual is allergic to a particular food. According to research, every year around 200,000 people in the U.S. require emergency medical care for allergic reactions to food.
The report is updated with the latest economic scenario and market scope with regard to the ongoing COVID-19 pandemic. The report covers growth prospects as well as current and futuristic revenue estimations in a post COVID scenario. The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market.
How will this Report Benefit you?
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Key Points of Food Allergen Testing Market:
- Extensive coverage of the analysis of the Food Allergen Testing market
- Key insights into the regional spread of the industry in key geographies
- Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
- Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Food Allergen Testing market
- Complete data about the key manufacturers and vendors in the Food Allergen Testing market
Regional Analysis:
The report sheds light on the region expected to dominate the Food Allergen Testing market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Food Allergen Testing market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.
Segments Covered in this report are:
- Source Outlook (Revenue, USD Million; 2019–2032)
- Peanut & Soy
- Wheat
- Gluten
- Milk
- Egg
- Fish
- Shellfish
- Tree nut
- Seafood
- Others
- Technology Outlook (Revenue, USD Million; 2019–2032)
- Polymerase Chain Reaction (PCR)-Based
- Immunoassay Based
- Others
- Food Tested Outlook (Revenue, USD Million; 2019–2032)
- Bakery & Confectionery
- Packaged Food
- Dairy Products & Alternatives
- Seafood & Meat Products
- Beverages
- Others
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Leading Companies of the Food Allergen Testing Industry and Profiled in the Report are:
Intertek Group plc, SGS Société Générale de Surveillance SA, Bureau Veritas, Eurofins Scientific, Neogen Corporation, AsureQuality, Charm Sciences, Premier Analytics Servies, AES Laboratories Pvt. Ltd., and EnviroLogix
In conclusion, the Food Allergen Testing Market report is an exhaustive database that will help readers formulate lucrative strategies. The Food Allergen Testing Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
Additional information offered by the report:
- Along with a complete overview of the global Food Allergen Testing market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
- The report elaborates on the global Food Allergen Testing market size and share governed by the major geographies.
- It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
- It further presents a detailed description of the company profiles of the key market contenders.
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