Food Allergen Testing Market, By Technology (Biosensors-based, Immunoassay-based/ELISA (Enzyme-Linked Immunosorbent Assay), PCR (Polymerase Chain Reaction)-based, and Other Technologies), By Food Tested (Processed Food, Baby Food, and Beverages), By Geogr
Food Allergen Testing Market, By Technology (Biosensors-based, Immunoassay-based/ELISA (Enzyme-Linked Immunosorbent Assay), PCR (Polymerase Chain Reaction)-based, and Other Technologies), By Food Tested (Processed Food, Baby Food, and Beverages), By Geography (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)
Food allergen testing is an important step in the allergy prevention process. Allergen testing can detect the concentration of allergens in food and alert consumers about hazards. When it comes to allergen detection, it is critical that food manufacturers use a reputable, and accredited laboratory for the job. These laboratories are required by law to use the latest guidelines in allergen testing. Food allergen testing is particularly important for individuals with severe food allergies, who may be at risk of life-threatening allergic reactions if they consume even small amounts of allergens. By detecting the presence of allergens in food products, allergen testing can help these individuals make informed decisions about the foods they consume and avoid potential allergic reactions.
Market Dynamics:
Food allergies are a growing public health problem. About two to four percent of the population suffers from an allergy. Children, in particular, are especially susceptible. They are twice as likely to develop other allergic conditions. The growing number of people affected by food allergies is driving the growth of the global food allergen testing market. Moreover, the food & beverage industry is expanding globally, providing opportunities for the global food allergen testing market. Increasing international trade has led to a number of regulations governing food safety and labeling. Furthermore, the population growth and urbanization have also increased food consumption. As a result, the market is expected to grow at a faster rate over the forecast period.
On the contrary, lack of food control infrastructure & resources across developing countries are projected to hamper the market growth.
Key features of the study:
This report provides an in-depth analysis of the global food allergen testing market, and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global food allergen testing market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
The key companies covered as a part of this study 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
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global food allergen testing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global food allergen testing market