Dublin, Aug. 11, 2022 (GLOBE NEWSWIRE) -- The "Global Food Allergen Testing Market 2022-2028" report has been added to ResearchAndMarkets.com's offering.
MARKET OUTLOOK
The publisher's report indicates that the global food allergen testing market would register growth at a CAGR of 7.01% in the projected phase 2022-2028.
The rise in cases of food allergies in people across the globe is one of the prime factors driving the market growth. In addition, factors like the growth of food trade globally and stringent regulations by the government also support the development of the market.
On the flip side, the problems associated with regulating food processing companies in developing countries are a major hurdle in the path of growth. However, technological advancements in food biotechnology in the last few years present profitable opportunities for market growth.
REGIONAL OUTLOOK
The global market for food allergen testing covers North America, the Asia-Pacific, Latin America, Europe, and the Middle East and Africa.
The market in the Asia-Pacific is expected to exhibit the fastest growth rate in the years to come. With the largest demography of the human population in the world, the region is home to more than 4.7 billion people. The incidence of food allergies is also on the rise here. The rising need for food processing goods for this growing population has propelled the demand for food allergen testing services. This rising demand is expected to foster the market growth in the forthcoming years.
Market Dynamics
Market Drivers
- High Growth of Global Food Trade
- Stringent Government Regulations
- High Cases of Food Allergy
Market Challenges
- Lack of Regulations in Developing Countries
Market Opportunities
- Advancements in Food Biotechnology in Recent Years
Key Topics Covered:
1. Global Food Allergen Testing Market - Summary
2. Industry Outlook
3. Global Food Allergen Testing Market Outlook - by Technology
4. Global Food Allergen Testing Market Outlook - by Food Tested
5. Global Food Allergen Testing Market - Regional Outlook
6. Competitive Landscape
7. Research Methodology & Scope
Companies Mentioned
- 3M
- ALS
- Limited
- Asurequality Limited
- Auriga Research Pvt Ltd
- Bureau Veritas Sa
- Eurofins Scientific Se
- Intertek Group plc
- Merieux Nutrisciences
- Microbac Laboratories
- Neogen Corporation
- Quest Diagnostics Incorporated
- Romer Labs Diagnostic GmbH
- Sgs Sa
- Symbio Laboratories
- Tuv Sud
For more information about this report visit https://www.researchandmarkets.com/r/sc54ap
