April 18, 2024
Food Allergen Testing Market

The Global Food Allergen Testing Market Is Driven By Rising Instances Of Food Allergies

Food allergen testing helps identify sources of food intolerances and allergies, which are major health concerns worldwide. Food allergen testing kits and assays aid in detecting major food allergens such as dairy, eggs, fish, peanuts, tree nuts, soy, wheat and shellfish in food products. They are commonly used across various industries like food processing and packaging, healthcare, pharmaceuticals and others to ensure stringent quality and safety measures.

The global food allergen testing market size was valued at US$ 957.88 Mn in 2024 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:

One of the major trends in the food allergen testing market is the development of quicker and easier to use allergen testing kits and technologies. Traditionally, food allergen testing required lengthy lab processes. However, newer platforms promise results within minutes versus hours or days with traditional methods. For instance, companies are developing test kits that can identify multiple allergens from a single food sample simultaneously. Such tests eliminate the need for separate time-consuming tests. Their easy-to-use format and quick results are appealing to both food manufacturers and consumers. This has further increased the demand for reliable, easy-to-use and rapid food allergen testing solutions.

Porter’s Analysis

Threat of new entrants: The threat of new entrants is moderate in the food allergen testing market due to the presence of stringent regulations for new entrants and high capital requirements.
Bargaining power of buyers: The bargaining power of buyers is moderate due to the availability of alternative options and the fragmented nature of the buyers.
Bargaining power of suppliers: The bargaining power of suppliers is low due to the presence of a large number of suppliers and low differentiation in products.
Threat of new substitutes: The threat of new substitutes is low as there are limited substitute products for food allergen testing.
Competitive rivalry: The competition is high among existing players due to the presence of a large number of global and regional players operating in this market.

Key Takeaways

The Global Food Allergen Testing Market Demand is expected to witness high growth. The global food allergen testing market size was valued at US$ 957.88 Mn in 2024 and is expected to exhibit a CAGR of 5.3% over the forecast period 2024 to 2031.

North America dominates the global food allergen testing market due to the mandatory food labeling laws and growing allergy-related health issues in the region. Europe holds the second-largest share in the global food allergen testing market owing to the strict regulatory framework for food safety across the European Union.

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 hold a significant share in the global market owing to their extensive product portfolio and strong geographic presence across the globe. Procter & Gamble Co. also has a considerable market share due to its diversified brand presence and innovation capabilities.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it