Food Allergen Testing Market Is Booming Worldwide | Neogen Corporation, Eurofins SGS Group, Bureau Veritas, Intertek Group PLC, and TUV SUD
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The global food allergen testing market is projected to register a CAGR of 8.32% during the forecast period (2020 - 2025).
- Peanuts and other tree nuts, milk, soy, and shellfish are the most common food allergens. In the United Kingdom. alone, more than 50% of children have some or other kind of food allergies. According to the World Health Organization (WHO), around 600 million people fall ill after eating contaminated food, resulting in approximately 420,000 deaths, each year. Children under the age of 5 are predominantly affected, representing 40% of the food-borne disease burden, and they account for 125,000 deaths. Such instances are fuelling the growth of the food safety industry across the world.
Top leading Manufacturers Profiled in Food Allergen Testing Market Report are: Neogen Corporation, Eurofins SGS Group, Bureau Veritas, Intertek Group PLC, and TUV SUD.
Regional Analysis for Food Allergen Testing Market:
For a comprehensive understanding of market dynamics, the global Food Allergen Testing market is analyzed across key geographies namely the United States, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.
Europe to Witness Significant Growth During the Forecast Period
Europe is projected to be one of the fastest-growing regions in the food allergen testing market, due to stringent policies that were established to achieve high levels of food safety in the region. Peanuts, tree nuts, and fish are some of the common allergenic foods that caused frequent allergies in the European population. The prevalence of food allergy in Europe is uncertain. The prevalence of food allergy in Europe was estimated to be between 3% and 4 %, in children and adults, respectively. More than 17 million Europeans have a food allergy, and hospital admissions for severe reactions in children rose by seven-fold during the past decade, according to the European Academy of Allergy and Clinical Immunology. One of the main objectives of the Joint Research Centre (JRC) of the European Commission is to minimize the occurrence of food allergic reactions triggered by the consumption of undeclared allergens. The food allergen testing market in Europe is driven by the rising awareness among Europeans regarding their sensitivities to certain foods, coupled with the strictest compliance enforced by regulatory authorities.
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What is the Impact of Covid-19 Outbreak on the Food Allergen Testing?
- Optimistic Scenario: COVID-19 is contained by May or June, With Normalcy returning to global operations through the End of Q2.
- Conservative Scenario: COVID-19 Remains Prevalent, with Continued Impacts Lasting into Q4.
- Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Global Food Allergen Testing.
- Food Allergen Testing Market Size in 2021
- Corporate Strategy the Manufacturers Should Be Thinking About Right Now.
Frequently Asked Questions about the Food Allergen Testing market:
- What are the recent developments and government policies?
- What are the top trends in the Food Allergen Testing market?
- What is the growth rate of the market?
- Which Is the Most potential market segment?
- Which are the top industry players in the Food Allergen Testing market?
- Which region would offer high growth for vendors in the market?
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