Food allergen testing ensures the safety of food products for consumers with food allergies by detecting potential allergens. It helps identify unintended ingredients that could cause severe allergic reactions in sensitive individuals. The growing number of people suffering from food allergies has increased the demand for food certified as "allergen-free".
The global Food Allergen Testing Market is estimated to be valued at US$ 957.88 Mn in 2023 and is expected to exhibit a CAGR of 5.3% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Increasing consumer awareness about product formulations containing allergens has been a key trend driving the growth of the food allergen testing market. There is rising awareness among consumers about reading food labels carefully and avoiding ingredients that may cause allergic reactions. This has increased the demand for food allergen testing to ensure accurate labeling of presences or absence of major allergens. Manufacturers are under more pressure than ever before to provide detailed information about ingredients on food packages to cater to the needs of consumers with allergies. Advanced food allergen testing helps them formulate safer products and build trust through transparent labeling.
Segment Analysis
The global food allergen testing market is dominated by the ELISA (enzyme-linked immunosorbent assay) based testing sub-segment. ELISA-based testing offers several advantages such as high sensitivity and specificity in delivering results as compared to other tests. ELISA provides quick and accurate detection of allergens in food samples and is the most preferred option for allergen testing amongst food manufacturers and other relevant industries.
Key Takeaways
The Global Food Allergen Testing Market Demand is estimated to be valued at US$ 957.88 Mn in 2023 and is expected to exhibit a CAGR of 5.3% over the forecast period 2024 to 2031.
Regional analysis: North America currently dominates the global food allergen testing market and is expected to continue its dominance during the forecast period. The growth can be attributed to stringent food safety regulations mandating extensive precautionary labelling for food allergens and regular testing of food products.
Key players: 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. Fable & Mane and Henkel AG are amongst the global leaders in hair colorants with a long presence and strong brand recognition worldwide.
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