Food Allergy Market Outlook
The food allergy market size was valued at USD 39.03 billion in 2023, driven by rising prevalence of food allergies across the world. The market size is anticipated to grow at a CAGR of 5.4 % during the forecast period of 2024-2032 to achieve a value of USD 62.7 billion by 2032.
Food Allergy: Introduction
A food allergy is an adverse immune response that occurs when the body mistakenly identifies a certain food protein as harmful, triggering a protective reaction. Symptoms can range from mild (such as hives, itching, or gastrointestinal discomfort) to severe and potentially life-threatening (like anaphylaxis, characterized by difficulty breathing, a drop in blood pressure, and dizziness). Common allergenic foods include nuts, milk, eggs, shellfish, and wheat. Management typically involves avoiding the allergenic food and having emergency medication like epinephrine accessible.
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Key Trends in the Food Allergy Market
There is a rising prevalence of food allergies globally, driving demand for diagnostic and therapeutic options. Improved diagnostic methods, including more accurate and rapid testing kits, are being developed to identify food allergies with greater precision.
There’s an increasing focus on developing and approving new treatments, such as oral immunotherapy, to desensitize individuals to allergens. Greater public and healthcare professional awareness about food allergies is leading to earlier diagnosis and better management.
The growth of the ‘free-from’ market, including gluten-free, nut-free, and dairy-free products, is significant, catering to those with food allergies. Stricter labelling laws and regulations globally are improving safety and transparency for consumers with food allergies.
Increase in allergy-friendly dining options and food services in schools, restaurants, and public spaces to accommodate individuals with food allergies.
Use of mobile apps and online resources for allergy management, including allergen tracking and emergency response, is on the rise.
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Food Allergy Market Segmentation
Market Breakup by Food Source
• Dairy Products
• Poultry Product
• Tree Nuts
• Peanuts
• Shellfish
• Wheat
• Soy
• Others
Market Breakup by Symptoms
• Anaphylaxis
• Atopic Dermatitis
• Others
Market Breakup by Diagnosis Test
• Skin-Prick Tests
• Blood Test
• Elimination Diet
• Oral Food Challenge
• Others
Market Breakup by Treatment Type
• Epinephrine
• Oral Immunotherapy
• Antihistamines
• Others
Market Breakup by Region
• United States
• EU-4 and the United Kingdom
o Germany
o France
o Italy
o Spain
o United Kingdom
• Japan
Food Allergy Market Overview
In North America, the food allergy market is witnessing growth in allergy diagnostics and therapeutics, driven by high awareness and advanced healthcare infrastructure. There’s a strong emphasis on food labeling regulations, ensuring allergen-free options are available and clearly marked. The region also sees significant research into allergy treatments, including oral immunotherapy, alongside a growing trend in allergy-friendly food products, catering to the needs of individuals with food allergies.
Europe’s food allergy market is marked by stringent food safety regulations and a focus on consumer protection, with clear labeling of potential allergens in food products being a priority. The region is also witnessing growth in allergy diagnostics and an increasing prevalence of food allergies, driving the demand for specialized healthcare services. European countries are actively involved in research to understand food allergy mechanisms and develop novel treatment approaches.
Japan is experiencing a rise in food allergy awareness and diagnosis, particularly in urban areas and among the middle class. Changing dietary patterns and the introduction of western diets may be contributing to an increased incidence of food allergies.
Food Allergy Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players.
• Pfizer Inc.
• GlaxoSmithKline plc
• Novartis AG
• Mylan N.V.
• Teva Pharmaceutical Industries
• Sanofi
• Boehringer Ingelheim International GmbH
• AstraZeneca
• Johnson & Johnson Private Limited
• Bayer AG
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