PUBLISHER: The Business Research Company | PRODUCT CODE: 1509638
PUBLISHER: The Business Research Company | PRODUCT CODE: 1509638
Food allergen testing involves the detection and measurement of specific allergenic proteins in food items, crucial for pinpointing allergens that could provoke adverse reactions in individuals with food sensitivities. Its primary aim is to uphold food safety standards and regulatory requirements by accurately labeling products to warn consumers about potential allergens.
The primary categories of food allergen testing are allergen testing and intolerance testing. Allergen testing entails the identification and quantification of particular allergenic substances in food, ensuring consumer safety. Technologies utilized include biosensors, immunoassays such as enzyme-linked immunosorbent assay (ELISA), polymerase chain reaction (PCR), among others, serving various applications.
The food allergen testing market research report is one of a series of new reports from The Business Research Company that provides food allergen testing market statistics, including the food allergen testing industry global market size, regional shares, competitors with food allergen testing market share, detailed food allergen testing market segments, market trends, and opportunities, and any further data you may need to thrive in the food allergen testing industry. This food allergen testing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The food allergen testing market size has grown rapidly in recent years. It will grow from $0.91 billion in 2023 to $1.01 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth observed during the historic period can be attributed to several factors, including a higher prevalence of food allergies, stricter regulatory standards, heightened consumer consciousness, globalization of food distribution networks, and advancements in testing methodologies.
The food allergen testing market size is expected to see rapid growth in the next few years. It will grow to $1.5 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The anticipated growth in the forecast period is driven by several factors, including the expansion of regulations within the food industry, heightened demand for allergen-free products, technological advancements in testing methodologies, the global rise in food allergy cases, and a growing emphasis on ensuring food safety and quality. Major trends expected during this period encompass the uptake of swift and portable testing solutions, the integration of blockchain technology for enhanced traceability, the broadening of point-of-care testing alternatives, the evolution of multiplex testing assays, and the emergence of artificial intelligence and machine learning for data analysis.
The rising prevalence of food allergies is expected to drive growth in the food allergen testing market. Food allergies manifest as adverse immune reactions to specific proteins in food, potentially leading to various symptoms, from mild discomfort to severe reactions. This increase in food allergies can be attributed to factors such as genetic predispositions, environmental influences, dietary shifts, and improved awareness and diagnostics. Food allergen testing plays a crucial role in identifying and quantifying allergenic substances in food products, thereby helping prevent allergic reactions in individuals with food sensitivities. For example, in January 2023, findings from the Centers for Disease Control and Prevention revealed that 6.2% of adults and 5.8% of children in the United States reported food allergies in 2021, highlighting the significance of this market's growth.
Key players in the food allergen testing market are concentrating on the development of rapid testing methods, such as immunochromatographic assays, to enhance their competitiveness. Immunochromatographic assays are rapid diagnostic tests that utilize chromatography and immunological reactions to detect specific allergenic proteins in food products. For instance, in March 2024, Gold Standard Diagnostics Budapest Kft introduced the SENSIStrip Gluten PowerLine lateral flow test, which employs an immunochromatographic assay for rapid gluten detection. This sensitive detection system, based on monoclonal antibodies, is particularly adept at identifying gluten residues in food matrices, rinse water, and swabs. The test offers quick and sensitive gluten detection, crucial for individuals with gluten intolerance or celiac disease, and includes features such as a hook line to prevent false-negative interpretations. Results can be visually interpreted or quantitatively evaluated using their RapidScan ST5 lateral flow reader.
In March 2024, ALS Limited, an Australia-based company specializing in testing, inspection, certification, and verification, acquired York Analytical Laboratories and Wessling Holding GmbH & Co. KG for $148.03 million. This strategic move aimed to bolster ALS Limited's market presence, expand its service portfolio, gain a competitive advantage, and advance its growth objectives in the life sciences and analytical testing sectors. York Analytical Laboratories, based in the US, specializes in environmental testing, including food intolerance and allergy testing. Wessling Holding GmbH & Co. KG, headquartered in Germany, offers analytical, consulting, and testing services across various industries, including food, pharmaceuticals, and environmental sectors.
Major companies operating in the food allergen testing market are Thermo Fisher Scientific, Ecolab Inc., Eurofins Scientific, SGS SA, Bureau Veritas, Intertek Group plc, Bio-Rad Laboratories Inc., ALS Limited, Neogen Corporation, IEH Laboratories & Consulting Group, AsureQuality Limited, Merieux NutriSciences, Microbac Laboratories Inc, R-Biopharm AG, TUV SUD America, Symbio Laboratories, Campden BRI, Romer Labs, Q Laboratories Inc., NSL Analytical Services Inc., Emport LLC, Allergenis Inc., Crystal Chem Inc., BioFront Technologies, Bia Diagnostics
North America was the largest region in the food allergen testing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food allergen testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the food allergen testing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The food allergen testing market includes revenues earned by entities by providing safety assurance, labeling compliance, allergen testing, lateral flow devices (LFDs), mass spectrometry, and ELISA kits. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Food Allergen Testing Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on food allergen testing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for food allergen testing? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The food allergen testing market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.