Market Research Report
Europe 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, Seafood & Meat Products, & Other Foods
|Europe 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, Seafood & Meat Products, & Other Foods|
Published: September 14, 2020
The Insight Partners
Content info: 109 Pages
Delivery time: 1-2 business days
Europe 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 Europe food allergen testing market is expected to grow from US$ 155.11 million in 2018 to US$ 334.39 million by 2027; it is estimated to grow at a CAGR of 9.0% from 2019 to 2027.
Anaphylaxis and food allergy are among increasing risks to public health in developed countries such as the Germany, France, and Italy. The prevalence is greater in young children, but a few recent studies indicate it is also becoming more common in adolescents and young adults. Europe is witnessing the increasing prevalence of food allergies. For instance, food allergy affects ~7% of children in the UK. Across Europe, 2% of adults have some form of food allergies. The American Academy of Allergy, Asthma & Immunology, stated that a significant part of the European population reports food allergen incidences. It has been estimated that 2-37% of adults in Europe have a self-reported food allergy, and 1-19% adults perceive a food allergy to frequently consumed and commonly implicated foods. The most common food allergies reported in Europe are egg, cow milk, peanut, soy, fish, shellfish, tree nuts, sesame, and wheat. Therefore, a rising number of food allergy cases across the world have prompted public health authorities to take significant measures to control the number of cases of food allergy complications. The stringent compliance related to food allergen labeling also fuels the demand for food allergen testing products and services in Europe.
The milk segment led the Europe 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 ongoing COVID 19 pandemic has hampered the food allergen testing market in Europe. The major countries in the region are under lockdown. In many European countries that have faced high impact of COVID-19, governments have imposed isolation and social distancing measures. The lesser production of goods and commodities is hampering the growth of Europe food allergen testing market as the demand for these solutions has declined in the last few months. In Europe, Italy is the hardest-hit country by the COVID-19 outbreak, and it is expected to suffer an economic hit due to a lack of revenue from various industries.
The overall Europe 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 Europe 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 typically involved 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 Europe food allergen testing market. Dicentra, Eurofins Scientific SE, Intertek Group Plc, Merieux NutriSciences, Neogen Corporation, 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 Europe 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 Europe 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 Europe 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.