Market Leader - Food Allergen Testing Marke
The food allergen testing market is projected to grow at a CAGR of 6.8% from 2016 to 2022. This market is driven by the implementation of stringent food safety regulations, labeling-compliance, growing allergic reactions among consumers, and international trade of food materials. The growth in international trading of food materials and growing allergic reactions have led to the need for food allergen testing.
The key market players have adopted strategies such as expansions & investments, new product/service launches, acquisitions, agreements, collaborations, partnerships, and new technology launches of business operations to meet the growing demand for food allergen testing.
SGS S.A. (Switzerland), Intertek Group plc (U.K.), TUV SUD Psb Pte. Ltd. (Germany), ALS Limited (Australia), Eurofins Scientific SE (Luxembourg) are the major players. The other players who are active in the industry are Merieux Nutrisciences Corporation (U.S), AsureQuality Ltd (New Zealand), Microbac Laboratories Inc (U.S.), Romer Labs Diagnostic GmbH (Austria), and Symbio Laboratories (Australia).
Intertek Group plc (U.K.) is one of the leading food allergen testing service providers due to its strong global presence and service infrastructure. The company focused on increasing its geographic presence through acquisitions and expansions between 2011 and 2016. In May 2016, Intertek announced its collaboration with China Quality Certification Center (CQC) formalizing its cooperation in national certifications, such as China Compulsory Product Certification (CCC), as well as international certifications. In November 2015, Intertek expanded its testing and consulting services to support Non-Intentionally Added Substance (NIAS) regulations to ensure food safety.
SGS S.A. (Switzerland) is one of the active players in the food allergen testing market. It provides ELISA & PCR methods to detect, identify, and quantify the presence of allergens in food products. In December 2015, SGS entered into a partnership with Biopremier (Portugal), a specialist in molecular biology and DNA sequencing. This partnership delivered new generation sequencing (NGS) to food supply chain, which helped to verify food authenticity by reducing food frauds. In the same year, SGS launched an agriculture & food application for address books, which provided easy access to the global network of SGS. It also provided connectivity with SGS team members for specified requirement and locations.
Related Reports:
Food Allergen Testing Market by Source (Peanuts & Soy, Wheat, Milk, Eggs, Tree Nuts, Seafood), Technology (PCR-Based, Immunoassay-Based (Elisa)), Food Tested (Bakery & Confectionery, Infant Food), and Region - Global Forecast to 2022
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