Consumer Packaged Goods Testing Is Fastest Growing Segment Fueling The Growth Of Food Allergen Testing Market

 

Food Allergen Testing Market

Food allergen testing helps in identifying food ingredients that commonly causes allergies such as soy, wheat, tree nuts, peanuts, milk, eggs and other components in food items. Food allergen testing helps ensure food safety and prevents adverse reaction in sensitive individuals.

The food allergen testing market is estimated to be valued at US$ 831.49 Mn in 2023 and is expected to exhibit a CAGR of 7.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends in the food allergen testing market is the increase in number of product label amendments. According to some reports, about 25% of pre-packed foods have been found with ingredient list or labeling errors, which could potentially mislead consumers. Correct and authentic food labeling helps increase consumer trust and confidence in brands and drives the need for stringent food safety regulations and mandatory food allergen testing protocols. The trend ensures improved consumer safety and overall drives the growth of the food allergen testing market.

Segment Analysis

The global food allergen testing market is segmented by source, technology, and food tested. Based on source, the wheat segment dominated the market in 2022 and is expected to continue its dominance during the forecast period. Wheat is one of the most common food allergens and the prevalence of wheat allergy is increasing globally. Based on technology, the enzyme-linked immunosorbent assay (ELISA) segment captured the largest share in 2022. ELISA technology offers high specificity and sensitivity for food allergen detection making it a preferred technology.

Key Takeaways

The Global Food Allergen Testing Market Size was valued at US$ 831.49 Mn in 2023 and is expected to grow at a CAGR of 7.4% during the forecast period. North America dominated the market in 2023 and is expected to witness considerable growth over the next few years owing to stringent food safety regulations and growing health awareness among consumers. The Asia Pacific region is projected to exhibit the fastest growth during the forecast period due to rising health concerns and income levels in the densely populated countries like India and China.

Key players operating in the food allergen testing market are ALS Limited, Asurequality Ltd, SGS SA, Bureau Veritas, Eurofins Scientific SE, Intertek Group PLC, Merieux Nutrisciences Corporation, Microbac Laboratories Inc., Neogen Corporation, Omega Diagnostics Group PLC, Crystal Chem Inc., and Danaher Corporation. These key players are focusing on new product launches, expansion of geographic presence, and mergers and acquisitions to gain a competitive edge in the market. For example, in 2023, Eurofins acquired Campbell Chemical, a US-based food allergen testing lab, to strengthen its presence in the country.

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