Market Research Report
Asia Pacific Food Allergen Testing Market Forecast to 2027 - COVID-19 Impact & Regional Analysis By Source, Technology, & Food Tested (Bakery & Confectionery, Infant Food, Processed Food, Dairy Products & Alternatives, & Other Foods)
|Asia Pacific Food Allergen Testing Market Forecast to 2027 - COVID-19 Impact & Regional Analysis By Source, Technology, & Food Tested (Bakery & Confectionery, Infant Food, Processed Food, Dairy Products & Alternatives, & Other Foods)|
Published: September 14, 2020
The Insight Partners
Content info: 105 Pages
Delivery time: 1-2 business days
Asia Pacific Food Allergen Testing Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Source (Peanut and Soy, Wheat, Milk, Egg, Tree Nuts, Seafood, and Others), Technology (PCR-Based, Immunoassay Based/ELISA, and Other Tests/Techniques), and Food Tested (Bakery and Confectionery, Infant Food, Processed Food, Dairy Products and Alternatives, Seafood and Meat Products, and Other Foods.
The APAC food allergen testing market is expected to grow from US$ 112.73 million in 2018 to US$ 231.32 million by 2027; it is estimated to grow at a CAGR of 8.4% from 2019 to 2027.
Anaphylaxis and food allergies are increasing public health risks in developed countries of APAC such as Australia and Japan. Prevalence is higher in young children, but recent studies also indicate it is also becoming more common in adolescents and young adults. Moreover, there is now also growing evidence of the increasing prevalence of food allergies in rapidly developing countries such as China and India. As per the Australasian Society of Clinical Immunology and Allergy (ASCIA), a food allergy occurs in 4-8% of children, ~10% of infants, and ~2% of adults in Australia and New Zealand. The most common food allergies reported in the country are of egg, cow milk, peanut, soy, fish, shellfish, tree nuts, sesame, and wheat. Hospital admissions for severe food allergic reactions or anaphylaxis have doubled over the last decade in Australia (as well as in the US and the UK). In Australia, hospital admissions for anaphylaxis due to food allergy in children aged 0-4 years is higher. Therefore, a rising number of food allergy cases across the globe have prompted public health authorities to take significant measures to control the number of food allergen cases, which This further bolsters the growth of the food allergen testing market in APAC.
The milk segment led the APAC food allergen testing market, based on source, in 2018. Milk, as well as milk product, allergy is one of the most commonly found food allergies among children. Cow milk is one of the usual causes of milk allergies; however, milk from sheep, buffalo, goats, and other mammals can also cause allergic reactions, which occur occurs soon after the consumption of milk. Signs and symptoms of milk allergy range from mild to severe, and they include vomiting, wheezing, hives, and digestive problems, varying from person to person. Milk allergy can also cause anaphylaxis, a severe, life-threatening reaction. Avoiding milk and milk products is the prime solutions to avoid complications associated with milk allergies. Apart from the symptoms mentioned above, immediate signs and symptoms might include itching or tingling feeling around the lips or mouth; swelling of the lips, tongue, or throat; and coughing or shortness of breath.
The COVID 19 pandemic has hampered the food allergen testing market in APAC. The major countries in the region are under lockdown. In the APAC countries that have experienced high impact of the pandemic, isolation and social distancing measures have been imposed by governments. The consequently recued production of goods and commodities is hampering the growth of the APAC food allergen testing market as the demand for these solutions has reduced in the past couple of months.
The overall APAC food allergen testing market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the APAC food allergen testing market with respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants in this process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the APAC food allergen testing market. Dicentra, Eurofins Scientific SE, Intertek Group Plc, Merieux NutriSciences, ALS Limited, Romer Labs Diagnostic GmbH, SGS S.A., TUV SUD SPB PTE. LTD., and R-Biopharm AG are among the key players in the market in this region.
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC food allergen testing market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the APAC food allergen testing market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the food allergen testing market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution