Global Food Allergen Testing Market
The global Food Allergen Testing market was valued at USD 518.4 million in 2016 and is projected to reach USD 921.4 million by 2025, growing at a CAGR of 8.1% from 2017 to 2025.
In reality, all foodstuffs contain ingredients that can result in allergic reaction. To prevent such allergic reactions and improve labeling standards the food allergen testing has become of utmost importance. The introduction of new products with varied flavors is expected to boost the importance of food allergen testing.
1. Market Drivers
1.1 Labeling compliance
1.2 Rise in allergic reactions among consumers
2. Market Restraints
2.1 Lack of food control infrastructure & resources in developing countries
2.2 Low awareness about labeling regulations
The global Food Allergen Testingmarket is segmented on the source, technology, food tested, and region.
1. By Source:
1.1 Peanut and Soy
1.6 Tree Nuts
2. By Technology:
2.1 Polymerase Chain Reaction
2.2 Enzyme Linked Immunosorbent Assay
3. By Food Tested:
3.1 Infant Food
3.2 Bakery and Confectionery
3.3 Processed Food
3.4 Seafood and Meat Products
3.5 Dairy Products and Alternatives
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. SGS SA
2. MerieuxNutrisciences Corporation
3. TUV SUD PSB Pte Ltd.
4. Eurofins Scientific SE
6. ALS Limited
7. Asurequality Ltd.
8. Symbio Laboratories
9. Romer Labs Diagnostic GmbH
10. Intertek Group PLC
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Food Allergen Testingmarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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