The global Food Allergen Testing Market is estimated to be valued at US$ 721.49 million in 2021 and is expected to exhibit a CAGR of 7.26% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

The Food Allergen Testing Market encompasses the testing and identification of various allergens present in food products. With the rise in food allergies and intolerances, there is a growing need for accurate and reliable testing methods to ensure food safety. Food allergen testing helps manufacturers in complying with food labeling regulations and ensures the safety of consumers with allergies.

Some of the commonly tested food allergens include peanuts, milk, eggs, soy, wheat, fish, and shellfish. Testing methods such as enzyme-linked immunosorbent assay (ELISA), polymerase chain reaction (PCR), and immunoassay are used to detect and quantify allergens in food samples.

Market Dynamics:

1) Driver: Increasing food safety concerns
Food allergies and intolerances have become a significant public health issue globally. According to the World Allergy Organization, food allergies affect up to 5% of adults and 8% of children worldwide. There is a growing awareness about the potential health risks associated with allergen exposure, leading to increased food safety concerns among consumers. As a result, food manufacturers are adopting stringent allergen testing measures to ensure the safety of their products.

For instance, the U.S. Food and Drug Administration (FDhas set regulatory requirements for the labeling of major food allergens. Food manufacturers need to clearly label the presence of allergens to provide crucial information to consumers with food allergies.

2) Driver: Stringent food safety regulations
Government agencies and regulatory bodies across the globe have implemented stringent food safety regulations to protect public health. Food allergen testing plays a crucial role in ensuring compliance with these regulations. Manufacturers need to adopt robust testing methods to detect and quantify allergens accurately.

For example, the European Union's Food Information for Consumers Regulation (FIrequires food businesses to provide allergen information for both pre-packaged and non-pre-packaged foods. This regulation has led to increased demand for food allergen testing services in Europe.

SWOT Analysis:

Strengths:
1) Accurate detection of food allergens.
2) Growing adoption of advanced testing methods.

Weaknesses:
1) High cost of testing methods.
2) Lack of standardized testing protocols.

Opportunities:
1) Increasing demand for gluten-free and allergen-free products.
2) Technological advancements in allergen testing methods.

Threats:
1) False positive or false negative results.
2) Lack of awareness among consumers and food businesses about allergen testing.

Key Takeaways:

Market size related content:
The global Food Allergen Testing Market is expected to witness high growth, exhibiting a CAGR of 7.26% over the forecast period. This growth can be attributed to the increasing food safety concerns and stringent food safety regulations, leading to the adoption of accurate allergen testing methods by food manufacturers.

Regional analysis related content:
North America is expected to dominate the Food Allergen Testing Market due to the presence of strict food safety regulations and a high prevalence of food allergies in the region. Europe is anticipated to be the fastest-growing region, driven by the implementation of stringent allergen labeling regulations.

Key players related content:
Key players operating in the global Food Allergen Testing Market include ALS Limited, Asurequality Ltd, SGS SA, Bureau Veritas, Eurofins Scientific SE, Intertek Group PLC, Merieux Nutrisciences Corporation, Microbac Laboratories Inc., Neogen Corporation, Omega Diagnostics Group PLC, Crystal Chem Inc., and Danaher Corporation. These players are focused on developing innovative testing methods and expanding their product portfolios to cater to the increasing demand for food allergen testing.

In conclusion, the global Food Allergen Testing Market is witnessing high growth due to increasing food safety concerns and stringent regulations. Accurate and reliable allergen testing methods are crucial in ensuring the safety of food products and meeting regulatory requirements. With the rising prevalence of food allergies, the demand for food allergen testing is expected to grow significantly in the coming years.