“Food Allergen Testing Market Report 2019-2023” helps the consumer to take business decisions and to understand strategies of major players in the industry. The report also calls for market-determined results deriving feasibility survey for consumer needs. Global Food Allergen Testing Market Report ensures qualified and verifiable aspects of market data operating in the real-time scenario. The analytical studies are conducted ensuring consumer needs with a complete understanding of market capacities in the real-time scenario.
Top-Listed Players in Food Allergen Testing Market Research Report 2019-2023:
Request a Sample copy of the Report – https://www.360researchreports.com/enquiry/request-sample/13101918
Food Allergen Testing market reports provide a comprehensive overview of the worldwide market size and share. Food Allergen Testing market data reports also provide a 5-year historical, forecast for the sector, and include data on social-economic data of global. Key stakeholders can consider statistics, tables & figures mentioned in this report for strategic planning which lead to the success of the organization.
Overview of Food Allergen Testing Market Report:
The food allergen testing market is expected to reach a value of about USD 845 million by 2023, registering a CAGR of about 8.3% during 2018-2023 (the forecast period). The planned product testing process is the only way to ensure that the food and beverage supply chain is operating in an efficient way.
The immunoassay-based /ELISA testing can deliver a quantitative analysis, relatively quickly (in 1-2 hours), and the kits are available that cover eight major allergenic compounds. There are concerns about the interpretation of results, and in some cases, the confirmation of the positive result is necessary.
Increasing number of Allergic Reactions in Consumers
Consumer choice is the key for any food-based industry, as consumer safety, health concerns, and preferences drive any market. The rise of incidences of food-borne diseases is driving the food allergen testing market. The high probability of allergy is caused by proteins found in milk products that are classified among the âBig Eightâ food, which account for about 90% of all food-allergy reactions in the United States. Despite a range of national and regional legislations, the food industry is unsatisfied with the lack of a harmonized approach toward the issue of allergens, their identification, management, and labeling. Increasing environmental pollution, incidence of allergic conditions, growing aging population, and lifestyle changes/disorders are some factors augmenting the market growth. These factors increase the chances of getting affected from various allergies and lead to allergy diagnosis. High investment cost, and stringent regulatory guidelines and policies are a few challenges faced by the players in this market.
Immunoassay-based /ELISA Segment to Dominate the Global Food Allergen Testing Market
The food allergy testing can be used on all types of food products. These products cover highly perishable, perishable, non-perishable processed and unprocessed foods. By type, the market segmentation includes baby food, bakery & confectionary, beverages, convenience food, dairy, sea food, meat & poultry food, and processed food. Together, the sea food, and meat & poultry segments hold a market share of about 22%.
Based on technology, the global food allergen testing market is segmented into polymerase chain reaction (PCR)-based, immunoassay-based/ELISA (Enzyme-linked immunosorbent assay), and others that include LC-MC/MS, test kits, and other chromatographic technologies. Owing to the low cost, accurate, and quick results processing by these techniques, the immunoassay-based /ELISA segment of the food allergen testing technology market is likely to dominate the market, during the forecast period.
PCR testing is a DNA-based method, which can deliver accurate results and is available for various allergens, however, is expensive (equipment, and staff); moreover, it includes the risk of cross contamination, and requires specific DNA primer and primer design. The processed food segment is expected to attain a prominent market share, attributing to the increasing number of cases related to food allergy.
Asia-Pacific to Grow at a Faster Rate
Owing to the increasing number of cases related to food allergy in the region, North America is expected to dominate the market for food allergen testing. However, the Australia and New Zealand Allergen Bureau has developed a voluntary incidental trace allergen labelling system, VITAL that allows manufacturers to assess the impact of allergen cross contact and evaluate the necessity and appropriateness of precautionary labeling. According to EU legislation, around 14 food allergens have to be clearly declared by reference to the source allergen. The factors, like rising consumer awareness regarding food allergies and the benefits of food allergy testing, along with the rise in disposable income, have enabled the Asia-Pacific market to grow at a faster rate. Japan holds a prominent market share in the Asia-Pacific food testing market.
The Key Players include: ALS LIMITED, ASUREQUALITY LTD, CRYSTAL CHEM, INC., DANAHER CORPORATION, EUROFINS SCIENTIFIC SE, INTERTEK GROUP PLC, MERIEUX NUTRISCIENCES CORPORATION, MICROBAC LABORATORIES, INC., NEOGEN CORPORATION, OMEGA DIAGNOSTICS GROUP PLC, PERKIN ELMER, INC., R-BIOPHARM AG, ROMER LABS DIVISION HOLDING GMBH, SGS SA, SYMBIO LABORATORIES, TUV SUD SPB PTE. LTD, amongst others.
Enquire before purchasing this report @ https://www.360researchreports.com/enquiry/pre-order-enquiry/13101918
Reasons to Purchase this Report
Valuable Points from Food Allergen Testing Market Research Report 2019-2023:
- A complete background analysis, which includes a valuation of the parental Food Allergen Testing Market.
- Significant changes in Market dynamics.
- Food Allergen Testing Market segmentation according to Top Regions.
- Current, Historical, and projected size of the Food Allergen Testing Market from the viewpoint of both value and volume.
- Reporting and assessment of recent industry developments.
- Food Allergen Testing Market shares and strategies of key Manufacturers.
- Emerging Specific segments and regional for Food Allergen Testing Market.
- An objective valuation of the trajectory of the Market.
- Recommendations to Top Companies for reinforcement their foothold in the Market.
Purchase this report (Price 4250 USD for a single-user license) @ https://www.360researchreports.com/purchase/13101918
Highlights of the following key factors:
- Business description –A detailed description of the company’s operations and business divisions.
- Corporate strategy –Analyst’s summarization of the company’s business strategy.
- SWOT Analysis –A detailed analysis of the company’s strengths, weakness, opportunities, and threats.
- Company history –Progression of key events associated with the company.
- Major products and services –A list of major products, services, and brands of the company.
- Key competitors –A list of key competitors to the company.
- Important locations and subsidiaries –A list and contact details of key locations and subsidiaries of the company.
- Detailed financial ratios for the past five years –The latest financial ratios derived from the annual financial statements published by the company with 5 years history.
Top Most Regions Covered In Food Allergen Testing Market Research Report 2019-2023:
Conclusively, this report will provide you a clear view of each fact of the market without a need to refer to any other research report or a data source. Our report will provide you with all the facts about the past, present, and future of the concerned Market.
About 360 Research Reports:
360 Research Reports is the credible source for gaining the market research reports that will exponentially accelerate your business. We are among the leading report resellers in the business world committed towards optimizing your business. The reports we provide are based on a research that covers a magnitude of factors such as technological evolution, economic shifts and a detailed study of market segments.
Mr. Ajay More
Phone: +14242530807 / + 44 20 3239 8187
Email: [email protected]