Food Allergen Testing Market | Discover Top Trends and Drivers
Trends, Drivers and Vendor Forecasts for 2021-2025
The food allergen testing market and it is expected to grow by $ 941.69 mn, decelerating at a CAGR of almost 6.40% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to enable growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.
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Food Allergen Testing Market: Market Segments and Key Trends
The Food allergen testing market is segmented by Technology (LC MS technology, Immunoassay ELISA technology, and PCR technology) and Geography (North America, Europe, Asia, and ROW). Asia led the market with 34% of the market growth set to originate from this region during the forecast period. High cost involved in allergen testing procedure is one of the challenges that will need to be overcome to drive growth. The research report provides market share projections of each segment along with a detailed analysis of all the factors that are likely to boost growth within specific regions as well as global markets.
Food Allergen Testing Market: Top Drivers to Boost Demand
One of the primary factors that will drive market growth is the increasing allergic reactions among individuals. The food allergen testing market report provides an understanding of this and all the other drivers that are likely to impact market growth. These insights will enable clients to design growth strategies that will leverage opportunities and neutralize challenges effectively.
Food Allergen Testing Market: Competitive Landscape
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 3M Co., ALS Ltd., Bio Rad Laboratories Inc., Bureau Veritas SA, Eurofins Scientific SE, Intertek Group Plc, Neogen Corp., Quest Diagnostics Inc., Thermo Fisher Scientific Inc., and TUV SUD are some of the major market participants.
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Food Allergen Testing Market: Key Highlights of the Report for 2021-2025
The report provides insights into the following FAQs: