The food allergen testing market, in terms of value, is projected to reach USD 760.7 Million by 2022, at a CAGR of 6.8% from 2016 to 2022.
Seattle, WA -- (SBWIRE) -- 10/10/2017 -- 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.
Browse 125 market data tables and 53 figures spread through 199 pages and in-depth TOC on "Food Allergen Testing Market - Global Forecast to 2022"
Download PDF Brochure
Early buyers will receive 10% customization on reports.
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 cross contact possibility due to consumption of soy-free items.
Make an Inquiry
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.
Europe is projected to be the fastest growing region in the food allergen testing market
The European region is projected to be the fastest growing market through 2022 due to the increasing allergic reactions among the consumers and the growing market for processed food. Germany is projected to be fastest growing country in the European region. European countries have recorded many issues related to food allergens; as a result, stringent policies have been established to achieve complete food safety. The food safety authorities in Europe aim at protecting consumer health by ensuring the quality of the food supply chain.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as SGS S.A. (Switzerland), Intertek Group plc (U.K.), TUV SUD Psb Pte. Ltd. (Germany), ALS Limited (Australia), Eurofins Scientific SE (Luxembourg), Merieux Nutrisciences Corporation (U.S), AsureQuality Ltd (New Zealand), Microbac Laboratories Inc (U.S.), Romer Labs Diagnostic GmbH (Austria), and Symbio Laboratories (Australia).
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. 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.
M&M's flagship competitive intelligence and market research platform, "RT" 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. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India