Global Food Allergen Testing Market size was valued at US$ XX Mn. in 2019 and the total revenue is expected to grow at 8.7% through 2020 to 2026, reaching nearly US$ 11309.5 Mn. in the forecast period.
The global Food Allergen Testing Market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Food Allergen Testing Market report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Food Allergen Testing Market Overview:
Food Allergy is a condition that hits the immune system of the human body to react against the non-allergic food substance as it is a virus, bacteria, or infectious disease. And this allergy leads to rashes, itching, abdominal pain, vomiting, nausea, and various others. Allergic conditions vary with every individual and the corresponding immune system. This can be a mild allergy at times and can lead to severe allergy as well.
Global Food Allergen Testing Market Dynamics:
The global Food Allergen Testing market was valued at USD 703.19 million in 2020 and is estimated to reach USD 11309.5 million by 2026 at a growing CAGR of 8.7% in the forecast period.
The Rising awareness in individuals concerning food safety and the standards is likely to fuel the market of allergy testing in the coming future. As consumers are demanding fresh food and less preservative added packed food. This factor has augmented the adoption of food safety and efficacy standards. Food allergy is most common in children than in the elderly population. And many children outgrow an allergy as they grow older as the immune system grows and inculcate the environment.
Around 90% of allergies are caused by milk, soy, wheat, lactose, eggs, fish, shellfish, and tree nuts like almonds, walnuts, pecans, and cashews. To avoid adverse effects of allergy, allergy testing is performed as an allergy may attack the respiratory system, digestive system, and skin. Moreover, the increased frequency of food allergies has developed public health issues. And this factor is boosting the market growth of the allergy testing market in the forecast period.
Global Food Allergen Testing Market Segment Analysis:
Peanut and Soy are dominating the Source segment of the Global Food Allergen Testing Market:
Peanut and soy are estimated to grab more attention in the source segment of the global food allergen testing market as the peanut is the most common and frequently seen allergy in all the age groups. And soy allergy is observed more in children and infants. Some individual’s immune system overacts when peanuts enter the body and identify the peanut protein as a threat to the human body and this cause's peanut allergy. Peanut and soy allergy can cause irregular breathing rate, swelling in the throat with pain, a sudden drop in blood pressure, pale skin or blue lips, fainting, and dizziness, and this can lead to severity. Peanut allergy is most common in the US. The rate of peanut allergy in the US is 1 in 250 children and 1 in 70 adults. Moreover, the allergy has triplicated in USD due to consumption of false peanuts, however, the reason for the cause is not clear.
Global Food Allergen Testing Market
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Enzyme-Linked Immunosorbent Assay (ELISA)/Immunoassay-based technology sub-segment is trending in the Technology segment of the Global Food Allergen Testing Market.
Enzyme-Linked Immunosorbent Assay (ELISA)/ Immunoassay-based technology is dominating the global food allergens testing market. As Enzyme-Linked Immunosorbent Assay (ELISA) testing is carried out on protein’s characteristic as it binds to specific enzyme-labeled antibodies. Global Enzyme-Linked Immunosorbent Assay (ELISA) Testing Market is estimated to grow at a CAGR of 8.3% in the forecast period of 2020-2026.
Further, the arrival of the latest technologies and developments in cost-effective technologies with effective results are the major factors boosting the demand for the Enzyme-Linked Immunosorbent Assay (ELISA) testing market. Moreover, ELISA testing offers advantages like Simple procedure, High specificity, and sensitivity, due to an antigen-antibody reaction and this makes it more favorable in the market. Stringent rules and regulations imposed by the government and the healthcare ministry are likely to challenge the market growth as the innovation in the medical sector need approval from the healthcare ministries and this process is time-consuming.
Processed Food sub-segment is trending in the Food Tested segment of the Global Food Allergen Testing Market.
The processed Food segment is likely to gain more revenue and has the largest market and is the fastest-growing segment in the forecast period. Moreover, processed food alternatives have high allergens as compared to others. In processed food products snacks and spices are difficult to identify to test allergens due to the addition of multiple ingredients. And this is further fueling the growth of the allergens test market during the forecast period 2020-2026.
Global Food Allergen Testing Market
Global Food Allergen Testing Market Regional Insights:
Europe is dominating the regional segment of the Food Allergen Testing market in the forecast period of 2020-2026. The growth of food allergens testing in Europe is attributed to the allergies caused by peanut, tree nut, and fish as these allergies are the most common allergies faced in Europe. The rate of allergy in Europe is 3.4% in children and 5.6% in adults. According to the European Academy of Allergy and Clinical Immunology (EAACI), around 17 million Europeans have faced food allergies and have been hospitalized for severe reactions. The demand for allergy testing in Europe is driven by the awareness in consumers regarding the sensitivity of certain food allergies in the individuals and rigorous government rules and regulations concerning undeclared allergies in the region.
Global Food Allergen Testing Market
The objective of the report is to present a comprehensive analysis of the global Food Allergen Testing Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global Food Allergen Testing Market dynamics, structure by analyzing the market segments and project the global Food Allergen Testing Market size. Clear representation of competitive analysis of key players by Grade, price, financial position, Grade portfolio, growth strategies, and regional presence in the global Food Allergen Testing Market make the report investor’s guide.
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Global Food Allergen Testing Market Scope:
Global Food Allergen Testing Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Food Allergen Testing Market Key Player
• SGS SA,
• Intertek (UK),
• Eurofins E (Luxembourg)
• MerieuxNutrisciences Corporation
• TUV SUD PSB Pte Ltd.
• Eurofins Scientific SE
• MicrobacLaboartories
• ALS Limited
• Asurequality Ltd.
• Symbio Laboratories
• Romer Labs Diagnostic GmbH
• Intertek Group PLC
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