Food Allergy Diagnosis & Treatment Market Overview:
The food allergy diagnosis & treatment market is estimated to be valued at USD 18,083.2 million by 2023 and expected to grow at a CAGR of 3.14% during the forecast period. Among food source, the seafood segment accounted for the largest market share. However, milk food source segment has been projected to grow at the highest CAGR on account of increasing cases of lactose intolerance in Europe and North America.
In the diagnosis segment, secondary diagnosis steps such as Polymerase Chain Reaction (PCR), Enzyme-linked ImmunoSorbent Assay (ELISA), and others are expected to garner larger market share in comparison to primary diagnosis steps which includes skin prick test, blood test, food elimination diet test, and others. The major factor responsible for the market growth is the growing awareness regarding food-borne allergies and their expensive screening costs.
However, the only bottleneck in the growth trajectory of the global food allergy diagnosis and treatment market are the lack of skilled technical workforce and limitations associated with ELISA testing, such as false positive result, resulting in recurring cost.
The secondary methods of food allergy diagnosis are included such as Polymerase Chain Reaction (PCR) methods, Enzyme-Linked Immunosorbent Assay (ELISA) method, and others. If food allergy detection fails through ELISA, PCR method is used to detect the allergen. PCR segment is projected to grow at a CAGR of 3.68% over the forecast period. ELISA is a sensitive method to test the presence of the antigen. This segment is estimated to grow at a CAGR of 2.57% over the forecast period.
Market Key Players:
The prominent players in the global food allergy diagnosis & treatment market are SGS S.A. (Switzerland), Intertek Group PLC (UK), TÜV SÜD AG (Singapore), ALS Limited (Australia), Eurofins Scientific SE (Luxembourg), Mérieux NutriSciences Corporation (US), AsureQuality Limited (New Zealand), and Microbac Laboratories, Inc. (US).