Food allergen testing helps ensure food safety by detecting allergens that may be present in food products. It involves using tools like enzyme linked immunosorbent assay (ELISA) and polymerase chain reaction (PCR) techniques to test food samples for major allergens such as milk, eggs, fish, crustacean shellfish, tree nuts, peanuts, wheat and soy. This allows food manufacturers to label products accurately as per regulations and prevent allergic reactions. With the growing incidences of food allergies worldwide, especially among children, food allergen testing has become increasingly important.
The global 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 Dynamics:
Additionally, strict food safety regulations and protocols enforced by governing bodies worldwide require food companies to implement testing measures to prevent contamination. For instance, the EU Food Information for Consumers Regulation mandates clear food labeling for major allergens. Furthermore, the growth of the packaged and ready-to-eat food industry has heightened the need for robust testing procedures to avoid recalls. Technological advancements in terms of new detection methods like lateral flow devices are also fueling market growth by enabling faster and more cost-effective testing.
Segment Analysis
The food allergen testing market is dominated by the ELISA (Enzyme-Linked Immunosorbent Assay) segment, which holds around 40% of the overall market share. ELISA technique is widely adopted for food allergen testing due to its high sensitivity, accuracy and cost-effectiveness over other techniques like PCR. It is considered as the gold standard technique in the industry for allergen testing.
PEST Analysis
Political: Stringent food safety regulations in various countries mandate food companies to test for allergens and label food products, thereby boosting the market growth.
Economic: Rising disposable income and growing health awareness among consumers is increasing the demand for allergen-free and certified food products, providing opportunities to the market players.
Social: Growing prevalence of food allergies along with increasing consumer preference for packaged and ready-to-eat foods have augmented the need for food allergen testing.
Technological: Rapid technological advancements have led to the development of advanced testing techniques like PCR and ELISA with high sensitivity and accuracy.
Key Takeaways
The Global Food Allergen Testing Market Size is expected to witness high growth, exhibiting CAGR of 7.4% over the forecast period, due to increasing health awareness among consumers about food allergies. The market size for 2023 is estimated to be US$ 831.49 Mn.
North America dominates the global market and is expected to maintain its lead over the forecast period, owing to stringent food safety regulations in the region. Europe is also a major market for food allergen testing attributed to rising incidences of allergy cases.
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.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it