Asia Pacific Food Allergen Testing Market

Asia Pacific 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)

Number of Pages: 105

Market Introduction

APAC comprises both developed and developing countries such as Australia, China, India, Japan, and South Korea. The growth of the food allergen testing market in this region is mainly attributed to the rising focus of government authorities in countries such as China, Australia, South Korea, and Taiwan toward framing stringent food allergen labeling regulations. Food allergies are not the same across the world. Eggs, wheat, peanuts, soy, milk, tree nuts, fish, and shellfish are the eight food allergens identified across the world; these are not necessarily the major sources of allergies in Asian countries. Many research studies suggest that allergens that are more common in this region are less common in North America and Europe. Shellfish is considered as a major food allergen in Asian countries that majorly affects children. However, the peanut is not a major source of allergen, and peanut allergy rates are extremely low in Asian countries. Peanuts are a key part of the diet in many countries in Asia, such as India and Australia. Further, in many countries of APAC, the COVID-19 outbreak is at its peak, lockdown, and isolation and social distancing measures have been imposed by government authorities. The lesser production of goods and commodities is hampering the growth of APAC food allergen testing market.

Asia Pacific Food Allergen Testing Strategic Insights

Strategic insights for the Asia Pacific Food Allergen Testing provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia Pacific Food Allergen Testing Report Scope

Asia Pacific Food Allergen Testing Regional Insights

The geographic scope of the Asia Pacific Food Allergen Testing refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The food allergen testing market in APAC is expected to grow from US$ 112.73 million in 2018 to US$ 231.32 million by 2027; it is estimated to grow at a CAGR of 8.4% from 2019 to 2027. Rapid growth in the food and beverages industry, and growing international trade activities involving food and food ingredients provide opportunities for the food allergen testing market players in this region. The food and food ingredients imported in are strictly checked against quality and labeling standards. Therefore, the manufacturers exporting their products in the developed region have to follow stringent food safety and labeling regulations. This further raises the need for food allergen testing products and services.

Key Market Segments

In terms of source, the milk segment accounted for the largest share of the APAC food allergen testing market in 2018. In terms of technology, the immunoassay-based / ELISA held the greatest market share in 2018. In terms of food tested, dairy products and alternatives account for the largest share of the APAC food allergen testing market.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the APAC food allergen testing market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Dicentra, Eurofins Scientific SE, Intertek Group Plc, Mérieux NutriSciences, ALS Limited, Romer Labs Diagnostic GmbH, SGS S.A., TUV SUD SPB PTE. LTD., and R-Biopharm AG

Reasons to Buy Report

·         Understand the APAC food allergen testing market landscape and identify market segments that are most likely to guarantee a strong return

·         Stay ahead of the race by comprehending the ever-changing competitive market landscape in the region

·         Efficiently plan mergers and acquisitions, and partnership deals in the APAC food allergen testing market by identifying segments with the most promising probable sales

·         Take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segments

·         Obtain revenue forecast for market based on various segments for the period 2019–2027

APAC FOOD ALLERGEN TESTINGMARKET SEGMENTATION

APAC Food Allergen Testing Market – by Source

·         Peanut and Soy

·         Wheat

·         Milk

·         Egg

·         Tree nuts

·         Seafood

·         Others

APAC Food Allergen Testing Market – by Technology

·         PCR (Polymerase Chain Reaction)-Based

·         Immunoassay Based/ELISA

·         Other Tests/Techniques

APAC Food Allergen Testing Market – by Food Tested

·      Bakery and Confectionery

·      Infant Food

·      Processed Food

·      Dairy Products and Alternatives

·      Seafood and Meat Products

·      Other Foods

APAC Food Allergen Testing Market – by Country

o      Australia

o      China

o      India

o      Japan

o      South Korea

o      Rest of APAC

Company Profiles

·         Dicentra

·         Eurofins Scientific SE

·         Intertek Group Plc

·         Mérieux NutriSciences

·         ALS Limited

·         Romer Labs Diagnostic GmbH

·         SGS S.A.

·         TUV SUD SPB PTE. LTD.

·         R-Biopharm AG