The food allergen testing market was valued at US$ 592.39 million in 2018 and is projected to reach US$ 1,198.53 million by 2027; it is expected to grow at a CAGR of 8.2% from 2019 to 2027.
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The COVID-19 pandemic originated in Wuhan (China) in December 2019, and since then, it has spread around the globe at a fast pace. The US, Russia, India, Italy, China, Spain, France and Germany are among the worst-affected countries in terms confirmed cases and reported deaths, as of June 2020. The pandemic has affected economies and industries due to imposed lockdowns, travel bans, and business shutdowns. Food &beverages is one of the world’s major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. The global Food Allergen Testing Market economic collapse due to COVID-19 is also limiting the demand for food allergen testing due to shutting down of factories andsuspended production due to obstacles in supply chains.
- Eurofins Scientific SE
- Intertek Group plc
- Mérieux NutriSciences
- Microbac Laboratories Inc
- Neogen Corporation
- ALS Limited
- Romer Labs Diagnostic Gmbh
- SGS S.A.
- UV SUD SPB PTE. LTD.
Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
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Reason to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Food Allergen Testing market.
- Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
- The key findings and recommendations highlight crucial progressive industry trends in the Food Allergen Testing market, thereby allowing players to develop effective long term strategies in order to garner their market revenue.
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- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.
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