Food Allergens and Intolerance Testing Market Overview:
According to the World Allergy Organization (WAO), anaphylaxis in emergency rooms ranged from 222, 300-350, and 3,000 episodes on an annual basis in Hungary, Japan, and China respectively. Furthermore, the organization estimates the prevalence rate of anaphylaxis to be 2%, 0.1%, and 0.6-1% of the population in the U.S., Korea, and Australia. Evidently, anaphylaxis is caused majorly due to food allergy, and the growing rates have been offering opportunities in the food allergen and intolerance testing market, which had an impressive valuation of $467.74m in 2018. The market is poised to grow at a profitable compound annual growth rate (CAGR) of 11.20% from 2019 to 2025.
The Food Drugs Administration (FDA) has made food safety an imperative aspect of the food industry, which is making up for the thriving North America food intolerance testing market. Furthermore, there has been a discernible increase in the number of people suffering from food allergies since the 1990s, which is further making the food allergens testing market an important segment of the food and beverages industry in the region. North America had the highest food intolerance testing market share of 35% in 2018.
Food Allergens and Intolerance Testing Market Outlook:
Food allergy refers to an abnormal response to food, and it is detected by allergen food allergy tests, food allergy blood testing, and skin prick testing. The key application segment of the food allergens testing market is ELISA testing or enzyme-linked immunosorbent assay (ELISA), which is the most commonly used analytical biochemistry assay. Owing to the maximum usage of ELISA in the food intolerance testing market, the application will grow at a substantial CAGR of 13.56% over the forecast period.
Food Allergens and Intolerance Testing Market Growth Drivers:
· The Overall Growth in the Food Testing Market –
The growing demand in the food safety testing market can be linked to the growing food safety testing equipment and consumables market, which is poised to attain a lucrative valuation of $7999.62m by the end of 2023. Evidently, some of the food testing is executed for the scrutiny of food allergens in the food, which is boosting the food intolerance testing market. Furthermore, the food trade worldwide is making it imperative for traders to garner approval from the regulatory bodies or certified vendors in the food allergens testing market, which is further propelling the food allergens and intolerance testing market.
· The Variety of Foods Susceptible to Allergens Creating a Need for Testing –
Right from baby foods to bakery & confectionery, dairy, beverage, convenience goods, and meat products, all are susceptible to cause allergies, which is creating a large food allergens testing marketplace. Furthermore, due to the poor quality of animal feed, there is always a possibility of meat causing allergies in humans. Even though the food and beverages industry is observing an increase in demand for animal feed additives, which are capable of improving the quality of feed, the food intolerance testing market yet holds importance to ameliorate allergies caused by meat.
Food Allergens and Intolerance Testing Market Trends:
· Need for Awareness About Food Allergens Testing Among Restaurant Owners –
As documented in the 2017 Food Code report of the U.S. Department of Health and Human Services), restaurants and retail food services managers need to be aware of food allergies and reactions such as anaphylaxis and understand the allergens activity in order to avoid cross-contact during preparation. Specific types of nuts such as almonds, pecans, and walnuts are also identified as foods vulnerable of allergens, and these are also required to undergo food allergens testing as per the recommendations of the FDA.
Food Allergens and Intolerance Testing Market Key Players Perspective –
The major players of the food allergens and intolerance testing market are Neogen Corporation, Life Technologies Corporation, Alletess Medical Laboratory, Crystal Chem Inc., ImmuneTech, ELISA Technologies, Inc., National Health Services, ALS Limited, Charm Sciences, Inc, and Yorktest Laboratories.
Food Allergens and Intolerance Testing Market Research Scope:
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the food allergens testing market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The food allergens testing market research report also analyses the application of food allergens testing by clinical test that include skin based test, blood test and alternative allergy tests; and by source of food, which include wheat, egg, milk, nuts, shellfish, fish, soy, and others.
Food Allergens Testing Market Report: Industry Coverage
The food allergens testing market report identified the current trends, opportunities, and challenges in the industry along with a detailed depiction of strategies adopted by the existing market players.
Furthermore, it digs into the dynamics of the market based on ingredient testing types, which include enzyme linked immunoassay, PCR, bio sensor, and others.
The report also analyzes the major geographic regions as well as the major countries in these regions. The regions and countries covered in the study include:
Key Questions Addressed in the Food Allergens Testing Market Report
Is the market demand for food allergens testing growing? How long will it continue to grow and at what rate?
Which type of food allergens testing presents the major growth opportunities?
Is there a possibility for change in the market structure over time?
Are additional developments needed for the existing product or services offerings or do the existing products meet the customer demands?
Do the key vendors look for partnerships to expand their businesses with respect to geography or product?
What are the short-term, long-term, and medium-term growth drivers for the market?
What are the short-term, medium-term, and long-term challenges for the market?
What are the short-term, medium-term, and long-term opportunities for the market
Who are the top players/companies of the market?
What are the recent innovations in the market?
How many patents have been filed by the leading players?
What are the types of patents filed by the leading players?
What is our Vision 2030 for the food allergens testing market?
A Few Focus Points Of This Research Are Given Below: