North America Food Allergen Testing Market Forecast 2022-2030

North America Food Allergen Testing Market Forecast 2022-2030

KEY FINDINGS

The North America food allergen testing market is estimated to grow at a CAGR of 6.21% during the forecast period, 2022-2030. Countries like the United States house several processing companies with billions of dollars in revenue annually. These include Cargill Limited, Bunge Limited, Nestle, PepsiCo, Kraft Foods, etc.

MARKET INSIGHTS

The North America food allergen testing market growth analysis includes the evaluation of the United States and Canada. In Canada, as per the latest October 2021 report by an industry source, around 3.1 million Canadians have food allergies, with over 7 million suffering from food intolerance. Also, with regard to food intolerance, approximately 7.3 million Canadians are evaluated to have at least one food intolerance. Additionally, the country is a leading exporter of agricultural products worldwide. Its food & beverage processing industry in the country with regard to the production value of sales of good manufactures worth $117.8 billion in 2019. Besides, it constitutes around 17% of total manufacturing sales and 2% of the national GDP.

Further, Canada’s food packaging is liable to declare gluten sources and common allergens. These include crustaceans and mollusks, eggs, soy, tree nuts, sulfites, fish, peanuts, milk, mustard, and sesame seeds are to be labeled in food packaging. Moreover, food regulations are imposed by the Canadian Food Inspection Agency. Such aspects drive market growth in Canada.

COMPETITIVE INSIGHTS

Some of the eminent market players include Symbio Laboratories, SGS SA, Neogen Corporation, Quest Diagnostics Inc, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments