Food Allergen Testing Market worth $760.7 million by 2022

From: Markets and Markets
Published: Thu Sep 06 2018

The report "Food Allergen Testing Market by Source (Peanuts & Soy, Wheat, Milk, Eggs, Tree Nuts, Seafood), Technology (PCR-Based, Immunoassay-Based (Elisa)), Food Tested (Bakery & Confectionery, Infant Food), and Region - Global Forecast to 2022",The food allergen testing market is projected to reach USD 760.7 Million by 2022, at a CAGR of 6.8% from 2016 to 2022. The market is driven by the implementation of stringent food safety regulations, growing allergic reactions among consumers and international trade of food materials.

Browse 125 market data tables and 53 figures spread through 199 pages and in-depth TOC on "Food Allergen Testing Market - Global Forecast to 2022"

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The peanut & soy segment accounted for the largest share in the food allergen testing market in 2015

The market for peanut & soy among the types of food allergens, accounted for the largest share in 2015. Peanut and soy ingredients have a wide range of applications and are incorporated in various food products. Hence, allergy prevalence due to peanuts & soy has been increasing which is leading to increased demand of allergen testing for safety. Soy is one of the complicated allergens to avoid as it is incorporated with a wide number of processed food and hence it is also known as "hidden allergen". For soy allergic people, Asian cuisine is a high risk zone due to the excess usage of soy as an ingredient and cross contact possibility due to consumption of soy-free items.

Immunoassay (ELISA)-based segment is projected to be the largest and fastest growing segment, by technology

ELISA is one of the most widely used immunoassays in food allergen testing. Immunoassay (ELISA) technology is the most common and economic technology to detect and quantify allergens in food products. Low detection limits and high analytic selectivity are the key advantages of this technology. It is projected to grow at the highest CAGR from 2016 to 2022.

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Europe is projected to be the fastest growing region in the food allergen testing market

The European region is projected to be the fastest growing market through 2022 due to the increasing allergic reactions among the consumers and the growing market for processed food. Germany is projected to be fastest growing country in the European region. European countries have recorded many issues related to food allergens; as a result, stringent policies have been established to achieve complete food safety. The food safety authorities in Europe aim at protecting consumer health by ensuring the quality of the food supply chain.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as SGS S.A. (Switzerland), Intertek Group plc (U.K.), TUV SUD Psb Pte. Ltd. (Germany), ALS Limited (Australia), Eurofins Scientific SE (Luxembourg), Merieux Nutrisciences Corporation (U.S), AsureQuality Ltd (New Zealand), Microbac Laboratories Inc (U.S.), Romer Labs Diagnostic GmbH (Austria), and Symbio Laboratories (Australia).
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