Europe Food Allergen Testing Market 2022-2028
MARKET OUTLOOK
Triton Market Research’s report insinuates that the food allergen testing market in Europe will progress at a compound annual growth rate of 7.15% in revenue during 2022-2028. Italy, the United Kingdom, the Netherlands, Belgium, Germany, Spain, France, and the Rest of Europe are studied in the region.
The French food processing sector has witnessed significant growth over the past few years. Moreover, the country has emerged as one of the major food exporters globally. This rise in exports has resulted in compliance with various regulations. Besides this, around 7,000 food products containing sesame seeds were recalled in 2021, as the latest list by the French Competition Authority (DGCCRF). Therefore, as stated above, these factors are fueling the growth of the food allergen testing market.
The food processing industry in Spain has grown substantially in recent years, generating billions worth of revenue. However, product recalls due to a cluster of salmonella and adulterated olive oil as ingredients have enhanced the need for allergen testing. Additionally, the country follows regulations set by the European Union. These regulations have increased the demand for food allergen testing across the nation. Hence, the rise in product recalls due to allergens is expected to boost the food allergen testing market’s growth.
COMPETITIVE OUTLOOK
The major companies in the food allergen testing market consist of Eurofins Scientific SE, 3M, ALS Limited, Bureau Veritas SA, Neogen Corporation, SGS SA, and Symbio Laboratories.
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