Market Dynamics:

One of the key drivers for the growth of the food allergen testing market is the increasing incidents of food allergies and adverse reactions. As per statistics, allergies affect nearly 15 million Americans every year with 32 million suffering from food-induced allergic diseases. Food allergies in the UK have doubled between 1997-2005. Cases of anaphylaxis due to food allergies have also increased over time making food allergies a growing public health concern. In response to this, governments and food regulatory bodies across the world are implementing stringent regulations for food labeling to prevent allergic reactions. The US Food Allergen Labeling and Consumer Protection Act (FALCPA) requires food manufacturers to declare if a product contains any of the eight major food allergens as ingredients or traces of them. Similar regulations are in place across Europe and other developed regions to safeguard consumers. The increasing regulations driving food manufacturers to implement robust allergen testing protocols before releasing food products into the market to detect traces of allergens.

SWOT Analysis

Strength: The food allergen testing market has stringent regulatory policies regarding food safety and labeling of allergens which drives demand. Testing helps ensure safety for consumers and avoids legal liability. Rapid testing techniques offer timely results to support production processes.

Weakness: Cost of equipment and hiring trained professionals for running tests increase expense for food companies. Smaller manufacturers may lack resources for regular compliance testing. Variations exist between different testing methods, raising accuracy challenges.

Opportunity: Growing prevalence of food allergies widens the target market base. Establishing international quality standards on testing protocols present scope for new product innovation. Emerging economies offer new geographic markets as safety awareness rises.

Threats: Lack of labeling consistency across countries poses confusion risks to global food trade. Leniency in enforcement of standards in some regions undermines safety standards. Changes to food safety regulations could affect testing requirements.

Key Takeaways

The Global Food Allergen Testing Market Size  is expected to witness high growth. Stringent food safety regulations along with rising allergy cases support market expansion. 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.

European region currently dominates due to long-established regulatory framework and major food companies based in the region driving maximum testing. Growth is expected to be higher in Asia Pacific region supported by growing health consciousness, expanding food processing industry and international trade.

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. These companies offer various allergen testing products and services to food manufacturers and processors in order to help them identify potential allergen risks and enable correct food labeling as per regional regulatory norms.

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