Global Food Allergen Testing Market is Estimated to Witness High Growth Owing To Rising Prevalence of Food Allergies

Food Allergen Testing Market

The global Food Allergen Testing Market is estimated to be valued at US$ 721.49 million in 2021 and is expected to exhibit a CAGR of 7.26% over the forecast period of 2022-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview

Food allergen testing refers to the process of detecting and quantifying allergenic substances in food products. It plays a crucial role in ensuring food safety for individuals with allergies. The increasing prevalence of food allergies, coupled with stringent food safety regulations and the growing need for accurate labeling, has fueled the demand for food allergen testing globally.

Food allergen testing helps in identifying potential allergens present in food products and enables manufacturers and regulatory bodies to implement appropriate measures to avoid allergic reactions. This testing is essential to safeguard the health of allergic individuals and prevent adverse reactions.

Market Key Trends

One key trend observed in the global Food Allergen Testing Market is the growing demand for rapid testing methods. With the increasing awareness about food allergies and the need for immediate results, there is a rising preference for rapid and reliable testing methods. Rapid testing methods offer quick and accurate results, enabling manufacturers to ensure the safety of their products and make informed decisions.

For example, the use of immunoassay-based tests, such as enzyme-linked immunosorbent assay (ELISand lateral flow devices, allows for rapid screening of allergen presence in food samples. These tests provide results within a short span of time, making them highly convenient for food manufacturers.

PEST Analysis

Political: Governments across the globe have implemented strict regulations regarding food labeling and allergen control. For instance, the U.S. Food and Drug Administration (FDrequires food manufacturers to label any major food allergens present in their products, thereby ensuring transparency and consumer safety.

Economic: The rising prevalence of food allergies and the increasing demand for allergen-free products have created a lucrative market for food allergen testing. This has led to the growth of the testing industry, creating economic opportunities and driving market growth.

Social: The growing awareness about food allergies among consumers has significantly influenced their purchasing decisions. Consumers are increasingly seeking allergen-free and labeled products, which, in turn, has propelled the demand for food allergen testing.

Technological: Technological advancements in the field of food allergen testing have accelerated the development of innovative testing methods. For instance, the emergence of DNA-based testing methods has revolutionized the accuracy and efficiency of allergen detection, enabling rapid and reliable results.

Key Takeaways

The global Food Allergen Testing Market is expected to witness high growth, exhibiting a CAGR of 7.26% over the forecast period. This growth can be attributed to the increasing prevalence of food allergies and the need for accurate allergen labeling.

In terms of regional analysis, North America is expected to dominate the Food Allergen Testing Market due to the high prevalence of food allergies in the region. Europe is also expected to witness significant growth, driven by strict regulatory norms regarding food safety and labeling.

Key players operating in the global Food Allergen Testing Market include ALS Limited, Asurequality Ltd, SGS SA, Bureau Veritas, Eurofins Scientific SE, Intertek Group PLC, Merieux Nutrisciences Corporation, Microbac Laboratories Inc., Neogen Corporation, Omega Diagnostics Group PLC, Crystal Chem Inc., and Danaher Corporation.

These key players are actively involved in product development and innovation to enhance their market position. They are also adopting strategies such as partnerships, collaborations, and acquisitions to expand their product portfolio and strengthen their foothold in the market.

In conclusion, the global Food Allergen Testing Market is set to witness significant growth in the coming years. The rising prevalence of food allergies and the increasing demand for accurate allergen labeling are driving the market growth. Rapid testing methods and technological advancements are further propelling market expansion. With stringent regulations and increasing consumer awareness, the importance of food allergen testing cannot be understated in ensuring food safety and protecting allergic individuals.