PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1378647
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1378647
The global food allergen testing market size was valued at US$ 774.2 Million in 2022 and is anticipated to witness a Compound Annual Growth Rate (CAGR) of 8.4% from 2023 to 2030.
Report Coverage | Report Details | ||
---|---|---|---|
Base Year: | 2022 | Market Size in 2023: | US$ 774.2 Mn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 8.40% | 2030 Value Projection: | US$ 1,478.5 Mn |
Food allergen testing is an important step in the allergy prevention process. Allergen testing can detect the concentration of allergens in food and alert consumers about hazards. When it comes to allergen detection, it is critical that food manufacturers use a reputable, and accredited laboratory for the job. These laboratories are required by law to use the latest guidelines in allergen testing. Food allergen testing is particularly important for individuals with severe food allergies, who may be at risk of life-threatening allergic reactions if they consume even small amounts of allergens. By detecting the presence of allergens in food products, allergen testing can help these individuals make informed decisions about the foods they consume and avoid potential allergic reactions.
Food allergies are a growing public health problem. About two to four percent of the population suffers from an allergy. Children, in particular, are especially susceptible. They are twice as likely to develop other allergic conditions. The growing number of people affected by food allergies is driving the growth of the global food allergen testing market. Moreover, the food & beverage industry is expanding globally, providing opportunities for the global food allergen testing market. Increasing international trade has led to a number of regulations governing food safety and labeling. Furthermore, the population growth and urbanization have also increased food consumption. As a result, the market is expected to grow at a faster rate over the forecast period.
On the contrary, lack of food control infrastructure & resources across developing countries are projected to hamper the market growth.
Food Allergen Testing Market Detailed Segmentation: