North America Food Allergen Testing Market
The US, Canada, and Mexico are among the developed economies in North America. A large number of domestic and international food and beverages companies have a strong foothold in the region. Moreover, rapid growth in the food and beverages industry in developed countries is expected to boost the food allergen testing market in the region in the coming years. Growing prevalence of food allergies among consumers and technological advancements in food testing procedures provide growth opportunities to the key players operating in the market.
Strategic insights for the North America 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$ 201.33 Million |
| Market Size by 2027 | US$ 403.90 Million |
| Global CAGR (2019 - 2027) | 8.1% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Source
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America 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 North America is expected to grow from US$ 201.33 million in 2018 to US$ 403.90 million by 2027; it is estimated to grow at a CAGR of 8.1% from 2019 to 2027. Rapid growth in the food and beverages industry, and growing international trade activities involving food and food ingredients are projected to provide opportunities for the key players operating in the food allergen testing market. The food and food ingredients imported in North American countries are strictly checked against quality and labeling standards. Therefore, the manufacturers exporting their products in these countries have to follow stringent food safety and labeling regulations. This further raises the need for food allergen testing.
COVID 19 has impacted the major countries of North America. Most of the countries in the region are under lockdown, which is impacting the food allergen testing market. The US has the highest number of confirmed cases of the COVID-19 infection among all North American countries. This is likely to impact the food and beverages industry in the region, mainly due disrupted supply and distribution chains.
In terms of source, the milk segment accounted for the largest share of the North America food allergen testing market in 2018. In terms of technology, immunoassay-based/ ELISA tests held the largest market share in 2018. In terms of food tested, dairy products and alternatives account for the largest share of the North America food allergen testing market.
A few major primary and secondary sources referred to for preparing this report on the North America 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
North America Food Allergen Testing Market, by Source
North America Food Allergen Testing Market, by Technology
North America Food Allergen Testing Market – by Food tested
North America Food Allergen Testing Market – by Country
The List of Companies - North America Food Allergen Testing Market
The North America Food Allergen Testing Market is valued at US$ 201.33 Million in 2018, it is projected to reach US$ 403.90 Million by 2027.
As per our report North America Food Allergen Testing Market, the market size is valued at US$ 201.33 Million in 2018, projecting it to reach US$ 403.90 Million by 2027. This translates to a CAGR of approximately 8.1% during the forecast period.
The North America 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 North America Food Allergen Testing Market report:
The North America Food Allergen Testing Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Food Allergen Testing Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Food Allergen Testing Market value chain can benefit from the information contained in a comprehensive market report.
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