Food Allergen Testing Market Is Anticipated To Grow At A Cagr Of 6%-8% During 2020-2025

By Author: Lucintel LLC
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The global food allergen testing market is projected to grow at a CAGR of 6%-8% during 2020-2025. The growth of food allergen testing market is driven by stringent labeling mandates, demand for advisory labeling, growth in incidences of allergic disorders among consumers, globalization of food trade, and increase in food recall for undeclared allergen products.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the food allergen testing market by source (peanuts & soy, wheat, milk & eggs, tree nuts, and seafood), technology (PCR-based and immunoassay-based), food tested (bakery & confectionery and infant food), and region (North America, Europe, Asia Pacific, and Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the food allergen testing market?
Q.4 What are some changing demands of customers in the food allergen testing market?
Q.5 What are the new developments in the food allergen testing market? Which companies are leading ...
... these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this food allergen testing area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this food allergen testing market?
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Market Segmentation:
Based on source, the food allergen testing market is segmented into peanuts & soy, wheat, milk & eggs, tree nuts, and seafood. The peanuts & soy segment accounted for the largest share of the market in 2020 as peanut allergy is common among all age groups and soy is considered a major source of allergen, especially among children and infants.
Europe is expected to be the largest region over the forecast period over the forecast period due to gradually increasing public awareness of food allergens and the health hazards caused by them in countries, such as Germany, the UK, France, and Italy.
Key Players in the food allergen testing market are SGS, Intertek, TÜV SÜD, Eurofins, and ALS.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
To read more about this market please click on https://www.lucintel.com/food-allergen-testing-market.aspx
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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