Asia Pacific Food Allergens and Intolerance Testing Market Size Expands at Significant CAGR 7.44% Touching USD 1.03 Billion by 2029

Published | 11 December 2023

Asia Pacific Food Allergens and Intolerance Testing Market is flourishing because of the growing food allergies and increasing advancements in testing technology.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Asia-Pacific Food Allergens and Intolerance Testing Market size at USD 671.2 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects Asia Pacific Food Allergens and Intolerance Testing Market size to grow at a significant CAGR of 7.44% reaching a value of USD 1,032.6 million by 2029. Major growth drivers for the Asia-Pacific Food Allergens and Intolerance Testing Market include the increasing government regulations, growing food and beverages industry, and rising international trade in food and its ingredients, opens avenues for players in the Food Allergen Testing Market in the APAC region. Notably, the imported food undergoes rigorous scrutiny adhering to quality and labeling standards. Consequently, manufacturers exporting to developed regions must comply with stringent food safety and labeling regulations, amplifying the demand for food allergen testing products and services. Simultaneously, government authorities in nations like China, Australia, South Korea, and Taiwan are increasingly prioritizing the establishment of strict regulations for food allergen labeling. Unlike global trends, the prevalence of food allergies varies across regions. While eggs, wheat, peanuts, soy, milk, tree nuts, fish, and shellfish are recognized as the eight common food allergens worldwide, they may not be the primary sources of allergies in Asian countries. Research indicates that allergens more prevalent in Asia differ from those in North America and Europe. Notably, shellfish emerges as a significant food allergen in Asian countries, particularly impacting children. This regional distinction underscores the need for tailored regulatory frameworks and heightened awareness in addressing specific allergenic challenges. However, cost and accessibility and limited public awareness are anticipated to restrain the overall market growth during the forecast period.

Opportunity – Expanding Market for Food Allergens and Intolerance Testing

Emerging markets are witnessing a notable focus on food allergen testing. According to the World Allergy Organization (WAO), annual anaphylaxis incidents in emergency rooms vary from 222,300 to 350 in Hungary, Japan, and China. The estimated prevalence rates are 2%, 0.1%, and 0.6-1% in the United, Korea, and Australia respectively. The Food and Drug Administration (FDA) emphasizes food safety, significantly influencing the food industry and driving market growth. Moreover, the prevalence of food allergies has risen considerably since the 1990s, making the food allergens testing market a crucial segment in regions such as Europe, the U.S., and beyond. This growing awareness and regulatory emphasis underscore the market's importance globally.

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Impact of COVID-19 on Asia-Pacific Food Allergens and Intolerance Testing Market

Covid-19 pandemic adversely affected the Asia-Pacific Food Allergens and Intolerance Testing Market. Key countries in the region were under lockdown, with high-impact areas implementing isolation and social distancing measures mandated by governments. This resulted in reduced production of goods and commodities, directly impacting the demand for food allergen testing solutions over the past few months, thereby hindering market growth. Despite these challenges, the introduction of new features and technologies by vendors presented an opportunity to attract new customers and expand their presence in emerging markets. This factor was anticipated to drive the growth of the APAC Food Allergen And Intolerance Testing Market, with forecast of a significant CAGR during the forecast period.

Asia-Pacific Food Allergens and Intolerance Testing Market – By Application

Based on application, the Asia-Pacific Food Allergens and Intolerance Testing Market is divided into Hospitals & Clinics, Diagnostic Centers, and Research Institutes segments. The hospitals & clinics segment holds the highest share in the Asia-Pacific Food Allergens and Intolerance Testing Market by application. Hospitals and clinics serve as primary healthcare facilities, where individuals often seek medical attention for allergy-related symptoms. The demand for allergen testing in these settings is driven by the need for accurate and prompt diagnosis of food allergies. Moreover, healthcare professionals in hospitals and clinics play a crucial role in advising and guiding patients on managing food allergies, creating a natural synergy between healthcare services and allergen testing. This integrated approach contributes to the prominence of hospitals and clinics in the market's application landscape.

Asia-Pacific Food Allergens and Intolerance Testing Market – By Region

Geographically, the in-depth research report on the Asia-Pacific Food Allergens and Intolerance Testing Market covers major countries including China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, and Rest of APAC. China dominates the Food Allergen Testing Market in the AAPC region, driven by a growing population and increased demand for food processing. The country plays a significant role in international food trade, necessitating adherence to regulations for optimal trade volumes. Rising awareness of food allergies further boosts the demand for allergen testing services. As an agricultural and industrial powerhouse, China is the second-largest importer of food products, albeit facing challenges like lax regulations and pollution. New policies from the National Health Commission are anticipated to mandate allergen labeling, presenting opportunities for the testing market. Meanwhile, Japan holds the second highest share in the Asia-Pacific Food Allergens and Intolerance Testing Market. It is primarily due to well-informed population and a thriving food processing industry expected to boost the growth of the Asia-Pacific Food Allergens and Intolerance Testing Market.

Competitive Landscape

Major players operating in the Asia-Pacific Food Allergens and Intolerance Testing Market include SGS SA, Agilent Technologies, Inc., NEOGEN Corporation, Mérieux NutriSciences, Eurofins Scientific, TÜV SÜD, Microbac Laboratories, Romer Labs, and Bureau Veritas. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Don’t miss the business opportunity in the Asia-Pacific Food Allergens and Intolerance Testing Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Asia-Pacific Food Allergens and Intolerance Testing Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Asia-Pacific Food Allergens and Intolerance Testing Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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