Europe Food Allergen Testing Market
Europe comprises several developed economies, including Germany, France, Italy, the UK, and Russia. The European food allergen testing market is primarily driven by rapid growth of the food industry in Germany, France, Italy, and the UK, among others. Growing population and rising disposable income, coupled with busy lifestyles, lead to the growth of the food industry in Europe. Transforming lifestyle trends concerning this industry and increasing prevalence of food allergies in the European Union has had a noteworthy influence on the food allergen testing market in Europe. Further, amid the ongoing COVID 19 pandemic, the Europe food allergen testing market is striving as most of the industries are facing severe impacts due to the rapid spread of the virus and critical measures taken by countries such as Italy, Spain, the UK, France, and Germany to contain the infection. The majority of the countries have imposed lockdown or restricted transportation, which has resulted in the limited availability of labor in production plants.
Strategic insights for the Europe Food Allergen Testing provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 155.11 Million |
| Market Size by 2027 | US$ 334.39 Million |
| Global CAGR (2019 - 2027) | 9.0% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Source
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Food Allergen Testing refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The food allergen testing market in Europe is expected to grow from US$ 155.11 million in 2018 to US$ 334.39 million by 2027; it is estimated to grow at a CAGR of 9.0% from 2019 to 2027. Rapid growth of the food and beverages industry and growing international trade of food and food ingredients act as major opportunities for the growth of the key food allergen testing market players. The food and food ingredients imported in European countries are strictly checked against quality and labeling standards. Therefore, the food and beverages manufacturers exporting their products to countries in developed regions have to follow stringent food safety and labeling regulations. This further raises the need for food allergen testing.
In terms of source, the milk segment accounted for the largest share of the Europe food allergen testing market in 2019. In terms of technology, the immunoassay-based / ELISA segment held the largest market share in 2019. In terms of food tested, dairy products and alternatives account for the largest share of the Europe food allergen testing market.
A few major primary and secondary sources referred to for preparing this report on the Europe food allergen testing market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Dicentra, Eurofins Scientific SE
Europe Food Allergen Testing Market – by Source
Europe Food Allergen Testing Market – by Technology
Europe Food Allergen Testing Market – by Food tested
Europe Food Allergen Testing Market – by Country
The List of Companies - Europe Food Allergen Testing Market
The Europe Food Allergen Testing Market is valued at US$ 155.11 Million in 2018, it is projected to reach US$ 334.39 Million by 2027.
As per our report Europe Food Allergen Testing Market, the market size is valued at US$ 155.11 Million in 2018, projecting it to reach US$ 334.39 Million by 2027. This translates to a CAGR of approximately 9.0% during the forecast period.
The Europe Food Allergen Testing Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Food Allergen Testing Market report:
The Europe Food Allergen Testing Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Food Allergen Testing Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Food Allergen Testing Market value chain can benefit from the information contained in a comprehensive market report.
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