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Food Allergen Testing Market Estimated to Gain Revenue of $1301.26 Million by 2028

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Food Allergen Testing Market Estimated to Gain Revenue of $1301.26 Million by 2028

August 03
10:42 2022
Food Allergen Testing Market Estimated to Gain Revenue of $1301.26 Million by 2028
Food Allergen Testing Market
As per Triton’s market report, the global food allergen testing market gained revenue of $812.79 million. It is further anticipated to reach a CAGR of 7.01% by 2028.

A recent study by Triton Market Research titled Global Food Allergen Testing Market includes Global Analysis and Forecasts by Technology (Biosensors-based, Immunoassay Based/Elisa, PCR, Other Technologies), Food Tested (Processed Food [Bakery and Confectionary, Convenience Foods, Dairy Products, Meat and Seafood, Other Processed Foods], Baby Food, Beverages) Geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa).

Identifying food allergens and assessing proteins and their residue is essential for food safety and labeling. Allergen protein can be found in processed and unprocessed food using food allergen testing. 

 

Request free samples of the global food allergen testing market @ https://www.tritonmarketresearch.com/reports/food-allergen-testing-market#request-free-sample 

 

Triton’s market report indicates that the global market for food allergen testing is set to progress at a CAGR of 7.01%, reaching a revenue worth $1301.26 million by 2028. 

In recent years, many countries have switched from being self-sufficient to participating in the global food trade. With this, the global food export bill is expected to rise by 20%. Moreover, stringent government regulations and high cases of food allergies are expected to drive market growth. Food regulation’s main objectives are to protect consumer health, increase economic viability, enhance wellness, and ensure fair food trade between nations. Food regulations serve as a check on the food industry, preventing unethical practices like adulteration and improper measurement. 

In contrast, small size, poor organization, and management by people unfamiliar with food technology are the key issues with food processing businesses in developing countries. Thus, the lack of regulations in developing countries can hamper the market’s development. 

The food allergen testing market is divided into technology and food tested. In terms of technology, it is categorized into biosensors-based, immunoassay-based, PCR, and other technologies. The food tested segment is divided into processed food, baby food, and beverages. The processed food is branched into bakery and confectionery, convenience foods, dairy products, meat and seafood, and other processed foods. 

The Asia-Pacific dominates the food allergen testing market globally. East Asian countries, including Japan, South Korea, China, Singapore, and other developed countries, Australia and New Zealand, have a rising awareness of food allergies and safety. Besides this, governments in these countries are under pressure to enact laws and standards. More than 4.7 billion people live in the region, the largest in the world. As a result, the need for food processing equipment will rise with the population, fuelling the expansion of services that test for food allergens. 

Eurofins Scientific SE, ALS Ltd, SGS SA, Neogen Corp, Intertek Group Plc, Microbac Laboratories, Romer Labs, Tuv Sud, Asurequality Limited, Mérieux NutriSciences, Quest Diagnostics Incorporated, 3M, Bureau Veritas SA, Symbio Laboratories, and Auriga Research Pvt Ltd are some dominant players in the food allergen testing market. 

 

Purchase this report @ https://www.tritonmarketresearch.com/reports/food-allergen-testing-market#purchase-option

 

Question & Answer: Food Allergen Market 

Question 1: What factors contribute to the food allergen testing market’s growth?

Answer: In recent years, many countries have switched from being self-sufficient to participating in the global food trade. With this, the global food export bill is expected to rise by 20%. Moreover, stringent government regulations and high cases of food allergies are expected to drive market growth. Food regulation’s main objectives are to protect consumer health, increase economic viability, enhance wellness, and ensure fair food trade between nations. Food regulations serve as a check on the food industry, preventing unethical practices like adulteration and improper measurement. 

Question 2: What factors hamper the food allergen testing market’s development?

Answer: Small size, poor organization, and management by people unfamiliar with food technology are the key issues with food processing businesses in developing countries. Thus, the lack of regulations in developing countries can hamper the market’s development.

Question 3: Which region dominates the food allergen testing market?

Answer: The Asia-Pacific dominates the food allergen testing market globally. East Asian countries, including Japan, South Korea, China, Singapore, and other developed countries, Australia and New Zealand, have a rising awareness of food allergies and safety. Besides this, governments in these countries are under pressure to enact laws and standards. More than 4.7 billion people live in the region, the largest in the world. As a result, the need for food processing equipment will rise with the population, fuelling the expansion of services that test for food allergens. 

Question 4: Which are the dominant players in the global food allergen testing market?

Answer: Eurofins Scientific SE, ALS Ltd, SGS SA, Neogen Corp, Intertek Group Plc, Microbac Laboratories, Romer Labs, Tuv Sud, Asurequality Limited, Mérieux NutriSciences, Quest Diagnostics Incorporated, 3M, Bureau Veritas SA, Symbio Laboratories, and Auriga Research Pvt Ltd are some dominant players in the food allergen testing market. 

 

Related Report:

Global Food Robotics Market 

According to Triton Market Research, the global food robotics market is expected to grow at a CAGR of 15.20% between the forecasting period 2019 to 2028.

The market is anticipated to have some opportunities as a result of the increase in automation and the demand for high-speed productivity. Over time, the food and beverage industry has seen a considerable increase in the demand for and use of automation or robotic technologies. 

The use of robotics guarantees higher efficiency on the food packaging lines.  This has boosted the speed & accuracy of order fulfillment, decreased workplace accidents, and increased uptime while lowering expenses.

 

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