The food allergen testing market has the potential to grow by $ 941.69 mn during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 6.40%.
This food allergen testing market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentations by Technology (LC MS technology, Immunoassay ELISA technology, and PCR technology) and Geography (North America, Europe, Asia, and ROW). The food allergen testing market report also offers information on several market vendors, including 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 among others.
What will the Food Allergen Testing Market Size be in 2021?
Browse TOC and LoE with selected illustrations and example pages of Food Allergen Testing Market
Food Allergen Testing Market: Key Drivers and Trends
Based on our research output, there has been a POSITIVE impact on the market growth during and post COVID-19 era. The increasing allergic reactions among individuals is notably driving the food allergen testing market growth, although factors such as high cost involved in allergen testing procedure may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the food allergen testing market industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.
This food allergen testing market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Who are the Major Food Allergen Testing Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- 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.
- TUV SUD
The vendor landscape of the food allergen testing market entails successful business strategies deployed by the vendors. The food allergen testing market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the food allergen testing market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Food Allergen Testing Market?
For more insights on the market share of various regions Request for a FREE sample now!
34% of the market’s growth will originate from Asia during the forecast period. US, UK, China, Canada, and Germany are the key markets for food allergen testing market in Asia.
The report offers an up-to-date analysis of the geographical composition of the market. Asia has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Increasing product launches will facilitate the food allergen testing market growth in Asia over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.
What are the Revenue-generating Technology Segments in the Food Allergen Testing Market?
To gain further insights on the market contribution of various segments Request for a FREE sample
The food allergen testing market share growth by the __ segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.
This report provides an accurate prediction of the contribution of all the segments to the growth of the food allergen testing market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.
|
Food Allergen Testing Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2020 |
|
Forecast period |
2021-2025 |
|
Growth momentum & CAGR |
Decelerate at a CAGR of 6.40% |
|
Market growth 2021-2025 |
$ 941.69 million |
|
Market structure |
Fragmented |
|
YoY growth (%) |
8.97 |
|
Regional analysis |
North America, Europe, Asia, and ROW |
|
Performing market contribution |
Asia at 34% |
|
Key consumer countries |
US, UK, China, Canada, and Germany |
|
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
|
Companies profiled |
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 |
|
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Factors Covered in this Food Allergen Testing Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive food allergen testing market growth during the next five years
- Precise estimation of the food allergen testing market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the food allergen testing market across North America, Europe, Asia, and ROW
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of food allergen testing market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch