Market Research Report
Global Food Allergen Testing Market Size study, by Source, by Technology (Polymerase chain reaction, Immunoassay-based /ELISA and Others), by Application, and Regional Forecasts 2021-2027
|Published by||Bizwit Research & Consulting LLP||Product code||1009677|
Delivery time: 2-3 business days
|Global Food Allergen Testing Market Size study, by Source, by Technology (Polymerase chain reaction, Immunoassay-based /ELISA and Others), by Application, and Regional Forecasts 2021-2027|
|Published: June 5, 2021||Content info:||
Global Food Allergen Testing Market is valued approximately at USD 0.666 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6.8% over the forecast period 2021-2027. Food Allergen Testing is used in verifying if raw materials included in the food as well as the final food products are free of unwanted food allergens. The global Food Allergen Testing market is being driven by growing food allergies and related diseases in consumers. For instance, according to the foodallegy.org, in the United States, around 2.5% of children under three years old are allergic to milk. Also, according to the milk.procon.org, lactose intolerance is most commonly found in adults of East Asian culture, affecting 70 to 100% of the population. Another major driving factor for the growth of market is the increasing awareness among consumers regarding the ingredients used in the food products. Furthermore, the labeling mandates by the organizations and increasing demand for processed food products will provide new opportunities for the global Food Allergen Testing industry. However, lack of awareness among the manufacturers regarding food safety regulations may impede market growth over the forecast period of 2021-2027.
The key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World are evaluated for the regional analysis of the global Food Allergen Testing Market. Europe is the leading region across the world in terms of market share due to growing prevalence of food allergies and presence of large companies in the region. Whereas, Europe is anticipated to exhibit the highest CAGR over the forecast period 2021-2027 due to the rising awareness among consumers regarding the food sensitivities, along with the strict regulations by the authorities in the region.
Major market player included in this report are:
Eurofins Scientific SE
Intertek Group plc
Microbac Laboratories Inc
Romer Labs Diagnostic Gmbh
UV SUD SPB PTE. LTD.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Peanuts & Soy
Polymerase chain reaction (PCR)
Immunoassay-based /ELISA (Enzyme-linked immunosorbent assay)
Bakery & confectionery
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.
Target Audience of the Global Food Allergen Testing Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
a. Market Snapshot
b. Market Snapshot
List of figures