Food Allergen Testing Market: Growth Opportunities and Recent Developments

Northbrook, USA, 2020-Feb-05 — /EPR Network/ —

The food allergen testing market size is projected to reach USD 760.7 million by 2022, at a CAGR of 6.8% from 2016. Allergic patients completely rely on the labeling of ingredients before purchasing the product, to gain information that will help them avoid any allergens. The Food Allergen Labelling and Consumer Protect Act (FALCPA) has mandated the declaration of eight major allergens on the food labels. Such labeling mandates are fueling the growth of the food allergen testing market.

The increase in concerns with regards to food allergen has been increasing with the awareness of allergic reactions. FALCPA mandated the listing of the top eight food allergens on the labeling. The food industries have been stringently following various allergen management systems such as GMP and HACCP so as to avoid the cross-contamination of food materials in processing, including equipment involved. The concern for food allergies, changing regulations, increased international trade between developing nations such as China, Japan, and Latin American countries to developed nations is driving the food allergen testing market in these regions. The food allergen testing market is projected to grow at a CAGR of 6.8% from 2016 to 2022.

To know about assumptions considered for this research reportdownload PDF brochure

PCR- and immunoassay-based are the fastest growing technologies in the food allergen testing market. Other technologies include LC-MC/MS, test kits and other chromatographic technologies. LC-MS/MS can detect contaminants at concentrations in the low-level parts per million (ppm) range and PCR-based can detect and quantify multiple allergens simultaneously in a short time. Most common and economic immunoassay-based tests have been dominating the food allergen testing market. EU directives have been imposing legislative pressures on food safety issues that drive the food allergen testing market, which is followed by most countries to export food products to the EU countries.

On the basis of food tested, processed food was the largest and fastest-growing segment in the food allergen testing market in 2015. Bakery & confectionary is the next fastest-growing market from 2016 to 2022, followed by infant food. On the basis of source, the peanuts & soy segment is projected to be the largest and fastest-growing through 2022. This is due to the wider applications and presence of peanuts & soy in various products. Seafood is projected to be the second-largest market in food allergen testing during 2016–2022 followed by wheat.

The North American market for food allergen testing is projected to grow at the highest rate. Growth in this region is driven by various rules & regulations implemented by the FDA & different importing countries. Food security standards are becoming gradually stringent to ensure a safer supply of food to individuals. Governments in different countries have implemented various regulations for consumers, producers, and regulators. Canadian Food Inspection Agency (CFIA) has adopted food allergen programs by the CFIA’s Agri-food Division to maintain food safety. The idea behind this program was to cover products that are marketed by export, import, and interprovincial trade. The CFIA has adopted and expanded on the U.S. regulation list, including food allergen labeling regulations. In January 2016, Intertek acquired the Italian company Food International Trust (FIT-Italia), which provided a wide range of assurance, testing, and certification services. It was the first Italian company to receive the ISI accreditation as an inspection body for the food sector and the first company in Italy to be accredited to deliver the International Food Standard (IFS) Food Store program.

Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=54689653

The expansion would help Intertek to serve the food allergen & food safety certification market in the neighboring regions. In 2014, ALS Limited acquired Kingmoor Technical Services Limited (England). The acquisition would help in expanding food and pharmaceutical testing in the U.K. It would provide a wider range of testing services–including nutritional, vitamins and additives, pesticides, and allergen testing and a platform to expand geographically into Scotland and England.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com

 

Matched content

Editor’s pick

Express Press Release Distribution