The report "Food Allergen Testing Market by Source (Peanuts & Soy, Wheat, Milk, Eggs, Tree Nuts, Seafood), Technology (PCR-Based, Immunoassay-Based (Elisa)), Food Tested (Bakery & Confectionery, Infant Food), and Region - Global Forecast to 2022",The food allergen testing market is projected to reach USD 760.7 Million by 2022, at a CAGR of 6.8% from 2016 to 2022. The market is driven by the implementation of stringent food safety regulations, growing allergic reactions among consumers and international trade of food materials.
The food allergen testing market is estimated to be dominated by the European region in 2016. European countries have recorded many issues related to food allergens; as a result, stringent policies that have been established to achieve complete food safety. Though concerns regarding food allergens have been increasing, consumers are uninformed about such outbreaks. Public awareness has been gradually increasing in countries such as Germany, the U.K., France, and Italy. Peanut accounted for a majority of the allergies in the European region.
Manufacturers in a few regions lack the necessary awareness regarding food safety regulations; due to this, they do not perform in-house testing or outsource it to laboratories. This restrains the development of the allergen testing market.
New service/product launches, expansions & investments, acquisitions, agreements, collaborations, partnerships, and new technology launches are the key strategies adopted by the players to ensure their growth in the market. Companies such as SGS (Switzerland), Intertek (UK), TÜV SÜD (Germany), Eurofins E (Luxembourg), and ALS Limited (Australia) have acquired leading market positions through their broad service portfolios that are specific to various allergen segments. The companies are also focused on innovations and geographical diversification. In December 2015, SGS entered into a partnership with Biopremier (Portugal), a specialist in molecular biology and DNA sequencing. This partnership delivered new-generation sequencing (NGS) to the food supply chain, which helped in verifying food authenticity by reducing food frauds.
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The peanut & soy segment accounted for the largest share in the food allergen testing market in 2015
The market for peanut & soy among the types of food allergens, accounted for the largest share in 2015. Peanut and soy ingredients have a wide range of applications and are incorporated in various food products. Hence, allergy prevalence due to peanuts & soy has been increasing which is leading to increased demand of allergen testing for safety. Soy is one of the complicated allergens to avoid as it is incorporated with a wide number of processed food and hence it is also known as "hidden allergen". For soy allergic people, Asian cuisine is a high risk zone due to the excess usage of soy as an ingredient and crwoss contact possibility due to consumption of soy-free items.
Immunoassay (ELISA)-based segment is projected to be the largest and fastest growing segment, by technology
ELISA is one of the most widely used immunoassays in food allergen testing. Immunoassay (ELISA) technology is the most common and economic technology to detect and quantify allergens in food products. Low detection limits and high analytic selectivity are the key advantages of this technology. It is projected to grow at the highest CAGR from 2016 to 2022.
