Market Research Report
North America Food Allergen Testing Market Forecast 2022-2030
|North America Food Allergen Testing Market Forecast 2022-2030|
Published: June 21, 2022
Content info: 160 Pages
Delivery time: 2-3 business days
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.
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.
Some of the eminent market players include: Symbio Laboratories, SGS SA, Neogen Corporation, Quest Diagnostics Inc, etc.