A global forecasting report produced by US company MarketsandMarkets sets out predictions that the food allergen testing market size will reach US $760m by 2022. Several factors, including the increasing stringency of international food allergen regulations and rising prevalence of serious food allergies in the population, are cited as key drivers of this 6.8% compound annual growth in market size compared with 2015 baseline levels.
One segment of the report looks at growth rates according to different testing technologies. ELISA immunoassays, one of the most widely used techniques in food allergen testing – is projected to grow at the highest rate by 2022.
The report also looks at expected growth according to the allergen source, with peanut and soy predicted to account for the largest share in the food allergen testing market.
Europe is projected to be the fastest growing region in the food allergen testing market due at least in part to the stringent policies that have been established to achieve high levels of food safety in the region. Within the European region, food allergy testing is projected to grow the fastest in Germany
This report includes profiles of several diagnostic 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).