Food Allergens Allergy Diagnostics Market was valued at USD 3.5 Billion in 2022 and is projected to reach USD 6.1 Billion by 2030, growing at a CAGR of 7.9% from 2024 to 2030.

Key Market Insights on Food Allergens Allergy Diagnostics Market

Food allergies have become a significant global health concern, affecting millions and leading to a substantial demand for accurate diagnostic solutions. The Food Allergens Allergy Diagnostics Market is experiencing rapid growth, driven by increasing prevalence of food allergies, technological advancements, and stringent regulatory standards.

Market Overview

In 2024, the Allergy Diagnostics Market was valued at approximately USD 5.3 billion and is projected to reach USD 9.8 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 11.0%. This growth is primarily attributed to the rising incidence of allergic diseases and the subsequent need for reliable diagnostic tools.

Key Drivers of Market Growth

• Increasing Prevalence of Food Allergies: Studies indicate a significant rise in food allergies over the past decade. For instance, research from Imperial College London revealed that food allergies in children under five increased from 1.2% in 2008 to 4% in 2018.
• Technological Advancements: Innovations such as Next-Generation Sequencing (NGS) and Polymerase Chain Reaction (PCR) techniques have enhanced the accuracy and efficiency of allergen detection, leading to more comprehensive testing solutions.
• Stringent Food Safety Regulations: Governments worldwide are implementing rigorous standards to ensure consumer safety, necessitating advanced allergen testing methods to comply with these regulations.

Market Segmentation

The Allergy Diagnostics Market can be segmented based on:

• Product & Service:
  • Consumables
  • Instruments
  • Services
• Test Type:
  • In Vivo Tests
  • In Vitro Tests
• Allergen:
  • Inhaled Allergens
  • Food Allergens
  • Other Allergens
• End User:
  • Diagnostic Laboratories
  • Hospitals
  • Other End Users

Regional Insights

North America is expected to dominate the market, capturing a significant 45.06% share in 2024, with projections indicating growth to an estimated USD 4.78 billion by 2029. This surge is driven by factors such as a rising incidence of allergic diseases, environmental pollution, increased government funding, and intensified activities from companies in the sector.

Challenges and Opportunities

Despite the promising growth, the market faces challenges, including high costs associated with advanced diagnostic tools and limited awareness in developing regions. However, these challenges present opportunities for market players to invest in affordable solutions and educational initiatives to expand their reach.

Conclusion

The Food Allergens Allergy Diagnostics Market is poised for substantial growth, driven by increasing allergy prevalence, technological advancements, and stringent regulatory frameworks. Stakeholders must focus on innovation and accessibility to address the evolving needs of this dynamic market.

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Who are the largest Global manufacturers in the Food Allergens Allergy Diagnostics industry?

• Hitachi Chemical
• Thermo Fisher Scientific
• Siemens Healthineers
• Danaher Corporation
• HOB Biotech Group
• bioMérieux
• Hycor Biomedical
• Stallergenes Greer
• R-Biopharm
• Lincoln Diagnostics

By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.

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What are the factors driving the growth of the Global Food Allergens Allergy Diagnostics Market?

Growing demand for below applications around the world has had a direct impact on the growth of the Global Food Allergens Allergy Diagnostics Market

• Diagnostic Laboratories
• Hospitals
• Academic Research Institutes
• Other

What are the types of Food Allergens Allergy Diagnostics available in the Market?

Based on Types the Market is categorized into Below types that held the largest Food Allergens Allergy Diagnostics market share In 2023.

• In-vivo Allergy Tests
• In-vitro Allergy Tests

Which regions are leading the Global Food Allergens Allergy Diagnostics Market?

• Global (United States, Global and Mexico)
• Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
• South America (Brazil, Argentina, Columbia, etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Detailed TOC of Global Food Allergens Allergy Diagnostics Market Research Report, 2024-2032

1. Introduction of the Global Food Allergens Allergy Diagnostics Market

• Overview of the Market
• Scope of Report
• Assumptions

2. Executive Summary

3. Research Methodology of Verified Market Reports

• Data Mining
• Validation
• Primary Interviews
• List of Data Sources

4. Global Food Allergens Allergy Diagnostics Market Outlook

• Overview
• Market Dynamics
• Drivers
• Restraints
• Opportunities
• Porters Five Force Model
• Value Chain Analysis

5. Global Food Allergens Allergy Diagnostics Market, By Type

6. Global Food Allergens Allergy Diagnostics Market, By Application

7. Global Food Allergens Allergy Diagnostics Market, By Geography

• Global
• Europe
• Asia Pacific
• Rest of the World

8. Global Food Allergens Allergy Diagnostics Market Competitive Landscape

• Overview
• Company Market Ranking
• Key Development Strategies

9. Company Profiles

10. Appendix

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