Europe Food Allergen Testing Market Forecast 2022-2030

Europe Food Allergen Testing Market Forecast 2022-2030

KEY FINDINGS

The Europe food allergen testing market is set to record a CAGR of 7.47% during the forecast period, 2022-2030. The market growth is accredited to the increased awareness regarding allergen in food products and several NGO groups campaigning for allergen and nutrition labels.

MARKET INSIGHTS

The Netherlands, Belgium, Germany, France, Italy, the United Kingdom, Spain, and Rest of Europe are assessed for the Europe food allergen testing market growth analysis. In Germany, the prevalence of food allergies in adults has been evaluated at 4.7% in recent years, according to a study by the federal government agency. Also, as per researchers, food sensitivities in Germany remain higher than in other European countries. Germany produced around $221.17 billion of procsessed food and drinks in 2019. Additionally, the country has been the third-largest exporter of agricultural goods globally, and the major exporter of agricultural technology, pork, cheese, and confectionery.

Further, Germany follows the food regulations of the European Union. Therefore, under the EU’s Food Information for Consumers (EUFIC) regulation, food manufacturers are obligated to label 14 allergens. These include lupin, mustard, soybeans, tree nuts, peanuts, crustaceans, mollusks, sulfur dioxide, celery, sesame, cereals containing gluten, fish, milk, and eggs. Overall, the German market growth is driven by regulations, allergy cases, and large food processing units.

In Spain, the food processing industry is valued at over $100 billion. Also, the food agency has issued alerts due to reports of adulterated oil and salmonella. Additionally, in 2021, the country recalled ice cream that contained carcinogens. Besides, the country is a member of the European Union (EU), and thereby, adheres to EU regulations and directives.

COMPETITIVE INSIGHTS

Some of the eminent firms operating in the market include Romer Labs Diagnostic GmbH, Microbac Laboratories Inc, Intertek Group Plc, Merieux Nutrisciences, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments