The global food allergen testing market involves various techniques that are used to detect the presence of food allergens in the food samples. Food allergen testing helps to identify allergens and their impact to make people allergic-safe. The rising prevalence of food allergies among consumers has increased the demand for effective food allergen testing solutions. Advancements in analytical testing methods have made food allergen testing more precise and reliable.
The Global Food Allergen Testing Market is estimated to be valued at US$ 957.88 Mn in 2024 and is expected to exhibit a CAGR of 5.3 % over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the food allergen testing market are Fable & Mane, Henkel AG, Procter & Gamble Co., Unilever Corporation, Kao Corporation, Aveda Corporation, Avon Products Inc., L€TMOreal S.A., Revlon, Inc., Johnson & Johnson, Natura & Co., and Coty Inc. These major players are focusing on new product launches and strategic collaborations to strengthen their market positions.
The rising awareness among consumers and stringent regulations regarding food labeling are creating lucrative growth opportunities in the market. Adoption of advanced testing technologies such as PCR and immunoassay-based methods is expected to drive the market growth during the forecast period.
The growing incidences of food allergies across North America and Europe are prompting manufacturers to rely on proper Food Allergen Testing Market Share. Moreover, the surging demand for processed and packaged foods in developing economies of Asia Pacific and Latin America is fueling the regional expansion of the food allergen testing industry.
Market drivers
The growing global incidence of food allergies among people is a major factor driving the need for effective food allergen testing. As per latest estimates, over 220 million people worldwide suffer from food allergies. The rising demand for Clean labels and stringent regulations around food labeling have significantly boosted the adoption of food allergen testing methods across the food processing sector.
PEST Analysis
Political: Food safety regulation and policies on food labeling for allergens are becoming stricter around the world, driving increased adoption of food allergen testing solutions. Specific laws mandate testing and labeling of major allergens.
Economic: Rising disposable incomes are enabling consumers to spend more on food products that are free from major allergens while a growing health-conscious population is also boosting demand. However, inflationary pressures could negatively impact testing budgets.
Social: Growing prevalence of food allergies around the world has increased awareness about this issue. More people are reading labels carefully and avoiding foods containing common allergens like nuts, dairy etc, benefiting the testing market.
Technological: Newer technologies like PCR, ELISA and lateral flow are enabling cost-effective, reliable and high throughput allergen testing. Automated solutions are also being adopted to enhance efficiencies. Advancements are lowering detection limits and making tests more quantitative for multiple allergens simultaneously.
North America holds the largest share in the food allergen testing market currently, both in terms of value and volume, due to strict regulations around food labeling and testing. The region is home to major food companies and testing laboratories.
The Asia Pacific region is poised to be the fastest growing market for food allergen testing during the forecast period. This is attributable to rising incomes, growing health awareness, expanded globalization of food trade and emerging regulations around food safety in major economies like India and China dealing with threats of allergies in their populations. More local testing infrastructure is also being established to support indigenous food production and exports.
