Global Food Allergen Testing Market to Surge at a CAGR of 7.01% by 2028

Triton Market Research presents the Global Food Allergen Testing Market segmented by Technology (Biosensors-based, Immunoassay-based/ELISA, PCR, Other Technologies), Food Tested (Processed Food [Dairy Products, Bakery and Confectionary, Meat and Seafood, Convenience Foods, Other Processed Foods], Baby Food, Beverages), and Geography (North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa).

It further discusses the Market Summary, Industry Outlook, Impact of COVID-19, Key Insights, Porter's Five Forces Model, Market Attractiveness Index, Vendor Scorecard, Regulatory Framework, Key Market Strategies, Drivers, Challenges, Opportunities, Competitive Landscape, Research Methodology & Scope, Global Market Size, Forecasts & Analysis (2022-2028).

Triton Market Research's report states that the global market for food allergen testing would expand with a 7.01% CAGR during the forecasted years between 2022 and 2028.
Read More about the Food Allergen Testing Market: https://www.tritonmarketresearch.com/reports/food-allergen-testing-market

Food allergy is a common health risk in almost 3% of the world's population. It is a harmful immune system response due to the consumption of specific foods. In this regard, food allergen testing helps evaluate the cleaning procedures and check for unwanted food allergens in finished goods and raw materials.

The high growth of the global food trade and increasing cases of food allergies have shifted the focus of governments to safeguard consumer health. In this regard, food laws help eliminate unethical actions like adulteration and incorrect measurement, thereby expanding the growth of the food allergen testing market. However, implementing food allergy services in underdeveloped nations is restricted due to bureaucracy and government corruption. As a result, the market for food allergen testing is negatively impacted.

Globally, the Asia-Pacific is expected to witness the fastest growth rate in the food allergen testing market. The growth is attributed to the rise in population, which increases the demand for food processing goods. Besides this, the region is a part of the international food trade, which makes it mandatory to comply with food regulations. Therefore, these factors are propelling the growth of the food allergen testing market.

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The key companies listed in the food allergen testing market are Eurofins Scientific SE, ALS Limited, SGS SA, Neogen Corporation, Intertek Group PLC, Microbac Laboratories, Romer Labs Diagnostic GmbH, TUV SUD, Asurequality Limited, Merieux Nutrisciences, Quest Diagnostics Incorporated, 3M, Bureau Veritas SA, Symbio Laboratories, and Auriga Research Pvt Ltd.

Due to heavy food regulations in developed nations, there is intense rivalry between the market players. For instance, Bureau Veritas has nearly 1600 offices and laboratories worldwide. Also, the company expanded its business operations in North America by opening a food safety and quality testing laboratory. Thus, such steps by market players are expected to increase the competition levels globally.

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This release was published on openPR.