Food allergy starts developing from the immune system and can further affect the skin, digestive tract, nervous system, and the respiratory system. Therefore, it is certain that food allergens contain a high-risk for the food and beverage industry. Certain specific food ingredients can be allergic to some consumers and it is very important to segregate the allergens. Therefore, labeling holds an important value in the supply chain of food products. It is essential to mention all the ingredients used during the production of the food product so that the customers are not misguided. People can be allergic to simple things such as milk, soy, wheat, eggs, nuts, fish, or peanuts, therefore, it is necessary to mention all the possible allergens on the food label. The changing lifestyle of people has witnessed a shift towards convenient and ready-to-eat food. Thus, the food allergen testing market is expanding at a considerate pace owing to the growing prevalence of packaged and processed food. Additionally, the food allergen market is also gaining traction with the growing awareness among the consumers towards the safety and suitability of the food products.
The global Food Allergen Testing Market generated revenues worth $584 million in 2018 and the demands in the same are projected to grow at a positive CAGR of 6.89% during the forecast timeframe of 2019 to 2025.
Regional Analysis in the Food Allergen Testing Market
Europe was observed as the most lucrative region in the global food allergen testing market and the region acquired 30% of the total marketplace. This heavy share in the market is reflected due to the heavy penetration of e-commerce businesses in the food and beverage industry. The millennial population promotes and aspires convenience and with the inception of the e-commerce industry, this audience is enjoying the benefits that come with it. A new channel of business has started with e-commerce and the food and beverage industry is also leveraging on this breakthrough. These e-commerce companies stand responsible for the products they deliver therefore, they make sure that the labeling on the products is done accurately and the consumers are not being misguided. The penetration of brand value plays an essential role in the food allergen testing market as the company’s reputation relies on consumers. The heavy circulation of frozen meat and confectionery products are also responsible for the burgeoning market size of the food allergen testing market. Daily, a huge number of food and beverage products are developed, and these products are bound to go through food allergen testing before its launch in the market. Therefore, the massive production of food products means more requirement for food allergen testing which, in turn, benefits the global food allergen testing market. Furthermore, the stringent policies established by the European government and the European Food Safety Authority (EFSA) against food safety are also boosting the market growth. More than 150 million individuals in Europe suffer from chronic allergic diseases and it is expected that half of Europe’s population will suffer from allergy by 2025. The president of the same organization stated that the annual expenses to treat allergy in Europe ranges between $60 billion to $165 billion. With the involvement of such massive capital, the potential in the European food allergen market stands high. Other than the economic efforts, one other organization Joint Research Centre (JRC) is working with the solo aim to minimize the occurrence of allergic reaction initiated by the consumption of undeclared allergens. Foreseeing the positive economic factors and the prevalence of allergy in the region, the demand in the Europe food allergen market is expected to grow at a substantial rate shortly.
Bakery Products: Key Application in the Global Food Allergen Market
The bakery products or the confectionery sector is considered as the major application in the global food allergen testing market. The opportunities in the same are augmenting at a positive CAGR of 6.2% during the forecast period. In recent years, the bakery products have transformed with increased attention towards artisan and other niche products. This transformation has induced several challenges in the confectionery industry including equipment concerns such as cross-contamination and sanitation. Every bakery shop deals with a diverse and unique range of ingredients ranging including yeast, flour, wheat, sugar, food coloring, cream, chocolate, icing, and nuts. With the involvement of a pool of distinct products, quality assurance also gets challenged. This challenge is generally tackled by the implementation of several tests including strip tests, immunology tests, and enzyme linked immunosorbent assay (ELISA) test. Often, the list of these products is long and the problem arises if some of the ingredients go undeclared in the label of the product. Thus, it is necessary to mention every raw material used to manufacture any food item. Also, the growing demand for bakery products in both the developed and developed economies is boosting the revenues in the adjacent food allergen testing market.
Growth Drivers in the Food Allergen Testing Market
Food Allergen Testing Market Competitive Landscape
The companies influencing the food allergen testing market are SGS S.A., Intertek Group plc, TÜV SÜD, ALS Limited, Eurofins Scientific, Merieux Nutrisciences Corporation, AsureQuality Ltd, Microbac Laboratories Inc, Romer Labs Diagnostic GmbH, Symbio Laboratories.
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