The market for food allergen monitoring is expanding as a result of the rising prevalence of food allergies in the general population. For instance, according to the National Institute of Allergy and Infectious Diseases, 4% of adults and 5% of children in the United States suffer from food allergies. Over the past 20 years, there has been a 20% increase in childhood food allergies. Between 250 million and 550 million people worldwide, in both industrialised and developing nations, suffer from food allergies. Once more, favourable government regulations and policies are anticipated to boost industry expansion. The organisation in charge of regulating processed food in the US is the FDA.
The global Food Allergen Testing Market size was valued at USD 721.49 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 7.26% from 2022 to 2030.
Leading Companies in the Food Allergen Testing Industry:
1. Danaher Corporation
Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. Danaher Corporation was founded in 1969 and is headquartered in Washington, the District of Columbia.
2. ALS Limited
ALS Limited provides professional technical services primarily in the areas of testing, measurement, and inspection. ALS Limited was founded in 1863 and is headquartered in Milton, Australia. In February, 2023 ALS acquires Centrul de Mediu si Sanatate (Environmental Health Center).
3. SGS SA
SGS SA provides inspection, verification, testing, certification, and quality assurance services. SGS SA was founded in 1878 and is headquartered in Geneva, Switzerland. In February, 2023 SGS has opened a brand-new lighting testing laboratory in Suwanee, Georgia USA
4. Bureau Veritas
Bureau Veritas SA provides laboratory testing, inspection, and certification services. It operates through six segments: Marine & Offshore; Agri-Food & Commodities; Industry; Buildings & Infrastructure; Certification; and Consumer Products. Bureau Veritas SA was founded in 1828 and is based in Neuilly-sur-Seine, France. In January, 2023 Bureau Veritas has inaugurated its new regional headquarters in Riyadh, Saudi Arabia.
5. Eurofins Scientific SE
Eurofins Scientific SE, together with its subsidiaries, provides various analytical testing and laboratory services worldwide. The company was founded in 1987 and is headquartered in Luxembourg City, Luxembourg.
6. Intertek Group PLC
Intertek Group plc provides quality assurance solutions to various industries in the United Kingdom, the United States, and internationally. It operates in three segments: Products, Trade, and Resources. Intertek Group plc was founded in 1885 and is based in London, the United Kingdom. The company is operational in more than 100 countries.
7. Neogen Corporation
Neogen Corporation, together with its subsidiaries, develops, manufactures, and markets various products for food and animal safety worldwide. Neogen Corporation was incorporated in 1981 and is headquartered in Lansing, Michigan.
8. Omega Diagnostics Group PLC
Omega Diagnostics Group PLC, through its subsidiaries, develops, manufactures, and distributes medical diagnostics products. It markets its products approximately in 70 countries worldwide. Omega Diagnostics Group PLC was founded in 1987 and is based in Alva, the United Kingdom.
9. Crystal Chem Inc.
Since establishment in 1989, Crystal Chem has come to specialize in providing high quality research kits to the scientific community. The company has headquarters situated in Illinois, USA.
10. Microbac Laboratories Inc.
Founded in 1969, Microbac Laboratories, Inc. operates the largest network of privately held testing facilities in the United States, providing broad analytical offerings and testing insights across the environmental, food, and life science markets. It has headquarters situated in Indiana, US.
*Definition- Manufacturers are adopting strict food safety regulations in response to consumer demands for fresher, healthier goods.
