Food allergen testing products are used for detecting the presence of food allergens in various food samples such as bakery, beverages, dairy, infant formula & baby food, meat & poultry, and other foods. The products include kits, consumables, and instruments and are deployed for reliable screening and identification of unwanted food materials. Stringent regulations are driving their demand in the food industry.

The food allergen testing market is estimated to be valued at US$ 831.49 Mn in 2023 and is expected to exhibit a CAGR of 7.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:
Increasing prevalence of food allergies among individuals is a key factor driving the growth of the market. According to the US FDA, food allergies affect over 220 million people globally. The number is projected to further rise due to changes in food processing, climate changes, and other environmental factors. Furthermore, stringent food safety regulations enforced by regulatory bodies such as the Food Safety Modernization Act (FSMA) and the European Union to prevent and control allergen contamination in food products are also fueling the adoption of food allergen testing solutions in the industry. FSMA guidelines require food manufactures to implement preventive control plans and validation activities based on industry best practices. Lastly, technological advancements in testing approaches such as mass spectrometry, polymerase chain reaction (PCR), and enzyme-linked immunosorbent assay (ELISA) are resulting in higher accuracy and faster turnaround times, thereby propelling the market growth.

SWOT Analysis

Strength:
- Food allergen testing helps ensure food safety and prevents allergic reactions in consumers. The techniques employed in food allergen testing such as ELISA and PCR are highly accurate and deliver rapid results. This allows manufacturers to quickly identify potential allergens and take corrective measures.
- Stringent food safety regulations across major countries mandate food allergen testing. This ensures a regular demand for allergen testing services.
- The key players in this market have a widespread global network which allows for local support services.

Weakness:
- The testing equipment and reagents required are costly, making allergen testing an expensive process for food companies.
- Small and local food companies may lack resources to implement a robust allergen testing program on a regular basis.

Opportunity:
- The market is witnessing new product launches catering to specific allergens like gluten, nuts etc. This is expanding the scope of testing.
- Growth of the food processing industry in developing regions is driving increased adoption of food safety standards including allergen testing.

Threats:
- The testing landscape is dynamic with new allergens being identified periodically. This challenges existing testing methods.
- Trade barriers and import restrictions imposed by certain countries impacts the global sourcing of food items.

Key Takeaways
The Global Food Allergen Testing Market Size is expected to witness high growth, exhibiting CAGR of 7.4% over the forecast period, due to increasing consumer health awareness regarding food allergies and stringent food safety regulations across major countries.

Regional analysis:
North America dominated the global market in 2023 and is expected to continue its dominance over the forecast period. However, Asia Pacific is anticipated to be the fastest growing market due to the rising food processing industry in India and China.

Key players:
Key players operating in the food allergen testing market are ALS Limited, Asurequality Ltd, SGS SA, Bureau Veritas, Eurofins Scientific SE, Intertek Group PLC, Neogen Corporation, Omega Diagnostics Group PLC, Crystal Chem Inc., and Danaher Corporation. They have widely established presence across major countries to effectively serve global customers.

Get more insights on this topic:

https://insightskies12.blogspot.com/2023/12/consumer-packaged-goods-testing-is.html