The Food Allergen Testing Market size is estimated at USD 0.91 billion in 2024, and is expected to reach USD 1.33 billion by 2029, growing at a CAGR of 7.91% during the forecast period (2024-2029).
The market for food allergens is highly dynamic and intensely competitive, with key players looking for greater market penetration, especially in the developed markets, where regulatory compliance is the strictest, and public awareness regarding food allergens is also high. Major global players include SGS SA, Intertek Group PLC, Eurofins Scientific SE, Bureau Veritas SA, and TÜV SÜD.
SGS Group, being one of the market leaders, provides a wide range of analytical services for testing raw materials and finished products. An increase in the outbreak of foodborne illness leads to the increased demand for allergen-free certifications on nutritious and healthy food products, pushing the company's revenue generation.
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