Press release
Growth opportunities in the Food Allergen Testing Market | Key Players are SGS S.A., Intertek Group plc, ALS Limited, Eurofins Scientific SE, AsureQuality Ltd, Microbac Laboratories Inc, Romer Labs Diagnostic GmbH, and Symbio Laboratories
The food allergen testing market, in terms of value, is projected to reach USD 760.7 million by 2022, at a CAGR of 6.8% from 2016. The market growth is driven by various factors such as stringent labeling mandates and demand for advisory labeling, growth in incidences of allergic disorders among consumers, globalization of food trade, and increase in food recall for undeclared allergen products.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=54689653
The food allergen testing market, on the basis of technology, is segmented into polymerase chain reaction (PCR)-based, immunoassay-based/ELISA (enzyme-linked immunosorbent assay) and others include LC-MC/MS, test kits, and other chromatographic technologies. The immunoassay-based/ELISA-based technology is projected to grow at the highest CAGR among all technologies from 2016 to 2022. The ELISA technique is based on the protein's characteristic of binding to specific enzyme-labeled antibodies. The simplicity of this method aids in its implementation and is beneficial for allergen testing in manufacturing plants at different stages of the value chain.
The food allergen testing market, based on food tested, is categorized into bakery & confectionery, infant food, processed food, dairy products & its alternatives, seafood & meat products, and others (which include savory items, sauce, and other additives). The processed food segment is projected to be the largest and the fastest-growing market in the food allergen testing market. These foods contain multiple allergens, out of which some are directly added (inheritably present in the raw material) while some are a result of cross-contamination. Snacks with spices are the most complicated to test for allergens, as they comprise multiple ingredients. This factor is fueling the market growth for allergen testing in processed food.
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The food allergen testing market is estimated to be dominated by the European region in 2016. European countries have recorded many issues related to food allergens; as a result, stringent policies that have been established to achieve complete food safety. Though concerns regarding food allergens have been increasing, consumers are uninformed about such outbreaks. Public awareness has been gradually increasing in countries such as Germany, the U.K., France, and Italy. Peanut accounted for a majority of the allergies in the European region.
Manufacturers in a few regions lack the necessary awareness regarding food safety regulations; due to this, they do not perform in-house testing or outsource it to laboratories. This restrains the development of the allergen testing market.
New service/product launches, expansions & investments, acquisitions, agreements, collaborations, partnerships, and new technology launches are the key strategies adopted by the players to ensure their growth in the market. Companies such as SGS (Switzerland), Intertek (UK), TÜV SÜD (Germany), Eurofins E (Luxembourg), and ALS Limited (Australia) have acquired leading market positions through their broad service portfolios that are specific to various allergen segments.
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