
Published On: Sep 2020
Published On: Sep 2020
Milk Segment to Dominate Europe Food Allergen Testing Market during 2019–2027
According to a new market research study on “Europe Food Allergen Testing Market Forecast to 2027 – COVID-19 Impact and Analysis – by Source (Peanut and Soy, Wheat, Milk, Egg, Tree Nuts, Seafood, and Others), Technology (PCR-Based, Immunoassay-Based / ELISA, and Other Tests/Techniques), and Food Tested (Bakery and Confectionery, Infant Food, Processed Food, Dairy Products and Alternatives, Seafood and Meat Products, and Other Foods),” the market is expected to reach US$ 334.39 million by 2027 from US$ 155.11 million in 2018; it is estimated to grow at a CAGR of 9.0% from 2019 to 2027. The report provides trends prevailing in the Europe food allergen testing market, and drivers and restraints pertaining to the market growth. The rising prevalence of food allergies and stringent food allergen labeling compliance are the major factors driving the growth of the Europe food allergen testing market. However, the limited focus on the development of labeling regulations pertaining to food allergens in developing countries hinders the growth of the Europe food allergen testing market.
The food allergen testing market in Europe is segmented on the basis of source, technology, and food tested. Based on source, the market is segmented into peanut and soy, wheat, milk, egg, tree nuts, seafood, and others. In 2018, the milk segment held the largest share in Europe food allergen testing market. Based on technology, the Europe food allergen testing market is divided into polymerase chain reaction-based (PCR-based), immunoassay-based / ELISA, and other tests/techniques. The market for immunoassay-based / ELISA-based food allergen testing is expected to grow at the highest CAGR during the forecast period. Further, amid the ongoing COVID 19 pandemic, the Europe food allergen testing market is striving as most of the industries are facing severe impacts due to the rapid spread of the virus and critical measures taken by countries such as Italy, Spain, the UK, France, and Germany to contain the infection. The majority of the countries have imposed lockdown or restricted transportation, which has resulted in the limited availability of labor in production plants.
Dicentra, Eurofins Scientific SE, Intertek Group Plc, Mérieux NutriSciences, Neogen Corporation, ALS Limited, Romer Labs Diagnostic GmbH, SGS S.A., TUV SUD SPB PTE. LTD., and R-Biopharm AG are among the leading companies in the Europe food allergen testing market. These companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2018, Eurofins Scientific acquired Protec Group’s water and food testing businesses in France.
The report segments the Europe food allergen testing market as follows:
Europe food allergen testing market, by Source
Europe Food Allergen Testing Market – by Technology
Europe Food Allergen Testing Market – by Food Tested
Europe Food Allergen Testing Market – by Country