Industry Background:
Increasing the incidence of allergic conditions among both pediatric and adult populations will help to boost the global Food Allergy Diagnosis market in the forecasted period. Food allergies or food intolerances have affected nearly every person at some of the points in their lifetime. However, there is a difference between food allergies and food intolerance. A food allergy causes hypersensitivity of the body’s immune system. Food allergy develops in the immune system and affects the digestive tract, skin, and respiratory system. The most common allergies include peanuts, cow’s milk, shellfish, eggs, and tree nuts such as walnuts, almonds, or cashews.
Attributes | Details |
---|
Study Period | 2019-2029 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Intertek Group plc (United Kingdom), Eurofins Scientific (Luxembourg), Merieux NutriSciences (United States), ALS Limited (Australia), Asurequality Ltd. (New Zealand), Neogen Corporation (United States) and Romer Labs Diagnostic GmbH (Germany) |
This growth is primarily driven by The Increased Awareness among Consumers, Regarding the Safety of Food Products they Consume and Increase in Application Outlook in the Bakery Industry.
Globally, a noticeable market trend is evident Increasing Prevalence of Food Allergies
The Diseases & Therapeutic Areas sector in the Europe region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Intertek Group plc (United Kingdom), Eurofins Scientific (Luxembourg), Merieux NutriSciences (United States), ALS Limited (Australia), Asurequality Ltd. (New Zealand), Neogen Corporation (United States) and Romer Labs Diagnostic GmbH (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global market of the food allergen is highly dynamic and intensely competitive with key players looking for greater market penetration, especially in the developed markets where the regulatory compliance is strictest and the public awareness regarding food allergens is also high.
Key Developments in the Market:
In April 2021, SGS SA announced that the National Accreditation Board for Testing & Calibration Laboratories (NABL) enhanced the scope of its accreditation to the SGS laboratory based in Chennai in Tamil Nadu, India. It included testing ethylene oxide (EtO) and ethylene chlorohydrin (ECH) residues in herbs, spices, condiments, plant derivatives, and oilseeds. Source: https://www.mordorintelligence.com/industry-reports/food-allergen-testing-market
In October 2023, The European Academy of Allergy and Clinical Immunology (EAACI) announced today the publication of a much-anticipated update of the EAACI Guidelines on Food Allergy Diagnosis. Published online today in Allergy, this important document provides recommendations for best practice to reach an accurate diagnosis for immediate food allergies.
Influencing Trend:
Increasing Prevalence of Food Allergies and Growing ADoption of Labelling Compliances
Market Growth Drivers:
The Increased Awareness among Consumers, Regarding the Safety of Food Products they Consume and Increase in Application Outlook in the Bakery Industry
Challenges:
Deficiency of Diet Control Resources and Infrastructure
Restraints:
Lack of Consumer Awareness about Feed Safety Regulations
Opportunities:
Technological Advancements and an Increase in the Number of R&D Initiatives Being Undertaken for the Development of Drugs with Higher Efficacy
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Food Allergy Diagnosis Market
- Analysis about New Entrants in Food Allergy Diagnosis Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Food Allergy Diagnosis Study Sheds Light on
The Food Allergy Diagnosis Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Food Allergy Diagnosis industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Food Allergy Diagnosis industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.