Food Allergy Market, By Technology (Biosensor – Based, Immunoassay – Based, ELISA PCR Based and Other Technologies), By Source (Milk, Egg, Soy, Tree Nuts, Peanuts, Wheat, Seafood and Others), By Diagnosis (Primary and Secondary), By Treatment (Anti Histamines and Adrenaline), By End-Use (Hospitals & Clinics, and Diagnostic Centers), By Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) – Market Trends, Analysis, and Forecast Till 2030

Food Allergy Market is anticipated to witness noteworthy growth in the coming years owing to an alarming rise in the number of food allergies and sensitivities around the globe. Symptoms of allergic response could range from hives to blood pressure, simple itchiness, diarrhea, vomiting or tongue swelling. The prevalence of food allergy is growing worldwide. According to the World Allergy Organization, the most common food allergens are egg, meat, milk, fish and tree nut. Moreover, fish allergies is most commonly found in Asia as compared to other western countries.The Global Food Allergy Market accounted for US$ 3.3 Bn in 2020 and is estimated to be US$ 7.0 Bn by 2030 and is anticipated to register a CAGR of 7.9%. The market growth is driven by various factors such as demand for advisory labelling, stringent labelling mandates, globalization of food trade, and growth in incidence of allergic disorders among consumers and increase in food recall for undeclared allergen product.

The number of food allergies is increasing globally and hence it is necessary to reduce the time and cost associated with the diagnosis. According to the food allergy Research and Education (FARE), in 2015, around 15 million people in the U.S. suffered from food allergies which drives the food allergy market. Further, technological advancements in the food allergy market provides favorable backgrounds for market players to expand their products portfolio and eventually lead to the market growth.

Rising initiatives by government bodies

According to the article published in March 2019 in the journal of Evolution of Medical and Dental Sciences, India had low incidences of food allergies, because of Indian genes which protect individuals from allergic rhinitis (sniffles), asthma and eczema. But due to changing lifestyles of today’s generation, people are becoming more prone to conditions like lactose intolerance and allergies to dust mites. Therefore, different awareness campaign are carried out by Indian government to create awareness regarding food allergy.

In order to prevent and manage several allergic reactions in schools of North America, CDC has published a toolkit to help school implement the voluntary guidelines for managing food allergies. The toolkit includes tip sheets, training presentation and podcasts for school administrators, teachers and for every individuals working in the premises.

High cost of food allergy treatment

Food allergy treatment is costly due to which it acts a major restraint of the market. According to Annals of Allergy Asthma and Immunology Journal published in 2019, the mean individual level direct medical costs US$ 2081, which are much higher than household mean costs ($806). "Due to stringent policies that were established to achieve high levels of food safety Europe is projected to be one of the fastest-growing regions in the food allergy market. “

The global food allergy market is segmented based on technology, source, diagnosis, treatment, end use and by region.

On the basis of source, the global food allergy market is segmented into milk, eggs, fish, soy, wheat, tree nuts, seafood and others. Peanut allergies are increasing rapidly worldwide and are anticipated to register the highest growth rate during the forecast period. According to study published by the American College of Allergy, Asthma and Immunology (ACAAI), in 2017 stated that peanut allergy in children increased by 21 % since 2010. Further data stated that 2.5% children in the U.S. are allergic to peanut.

Based on the diagnosis, food allergy market is segmented into primary and secondary. Hospitals and clinics are the primary source of diagnostics. Based on technology, it is segmented into Biosensored – Based, Immunoassay – Based, ELISA PCR Based and Other Technologies.

Further, food allergy market is segmented by treatment into Anti Histamines and Adrenaline. Moreover, the target market is also segmented by End – Use Hospitals & Clinics, and Diagnostic Centers.

Regional Insights:

Europe is projected to be one of the fastest-growing regions in the food allergy market, due to stringent policies that were established to achieve high levels of food safety in the region

The association of U.K Dietians (BDA), stated in 2015 that 20% of the population experience food hypersensitivity. It is estimated that 1 – 10 % of adults and children have food hypersensitivity. Further, according to data published in 2015 in National Library of Medicine, stated that past 10 years peanut allergy among children has doubled in the western countries. Peanut allergy is also becoming apparent in Africa and Asia.

Further, North America is also expected to show significant share in food allergy market as according to the Centre of Disease Control and Prevention, 8% of children in the U.S. were affected by food allergy in year 2020.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global food allergy market report based on technology, source, diagnostics, treatment, end use and by region.

Global Food Allergy Market, By Region:

• • • North America
      • • U.S.
        • Canada
    • Europe
      • • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

The key players operating in the global food allergy market include Intertek Group plc, TUV SUD SPB Pte. LTD, Eurofins Scientific, Merieux Nutrisciences, Nestle, ALS limited, Asurequality Ltd, Neogen Corporation, Romerlab Diagnostics Gmbh, SGS SA, Microbac laboratories Inc. Key players in food allergy market are involved in product launch, acquisition, and research and development to broaden the product portfolio. For instance, in December 2020, Nestle SA has entered into an agreement to acquire Aimmune Therapeutics, Inc., Brisbane, Calif., for US$ 2.6 billion. Furthermore, Aimmune Therapeutics develops and commercializes the treatment for prevention of food allergies.

Additionally, few players are inventing products digitally, for instance, SpoonfulOne, a food allergy protection company, is launching a first-of-its-kind digital, randomized, controlled trial with the Duke Clinical Research Institute (DCRI) to evaluate the ability to protect against food allergies with routine feeding of the most common food allergy proteins during infancy and toddlerhood.

• Intertek Group plc
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Overview
  • Business Strategies
• TÜV SÜD
• Eurofins Scientific
• Merieux Nutrisciences
• Nestle
• ALS limited
• Asurequality Ltd
• Neogen Corporation
• Romerlab Diagnostics Gmbh
• SGS SA

“*” marked represents similar segmentation in other categories in the respective section