About Food Allergy
Food allergy refers to the reaction that occurs after eating a certain food. This is an allergy to certain food items which triggers sign problem in the digestive system. There is an abnormal response which may cause simple itchiness, tongue swelling, hives to low blood pressure or vomiting. According to the World Health Organization (WHO) estimates there are approximately 250 million people worldwide who suffer from food allergies and the numbers continue to rise.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.1% |
Competition among existing players is due to the Food Allergy market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Clear Food Allergy makers. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Food Allergy market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Thermo Fisher Scientific Inc. (United States), Symbio Laboratories (Australia), Merieux Nutrisciences Corporation (United States), ALS Limited (Australia), SGS S.A. (Switzerland), Microbac Laboratories Inc (United States), TUV SUD Psb Pte. Ltd. (Germany), Eurofins Scientific (Luxembourg), AsureQuality Ltd (New Zealand), Intertek Group plc (United Kingdom), NEOGEN CORPORATION (United States) and Romer Labs (Austria) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Alletess Medical Laboratory (United States), Asurequality Ltd (Newzealand), Charm Sciences (United States), Crystal Chem, Inc (United States), Omega Diagnostics Group (UnitedKingdom) and Perkin Elmer (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Food Allergy market by Type (Corn Allergy, Egg Allergy, Fish Allergy, Meat Allergy, Milk Allergy, Peanut Allergy, Shellfish Allergy, Soy Allergy, Tree Nut Allergy, Wheat Allergy and Others), Application (For Baby Food, For Bakery & Confectionary Products, For Dairy Products, For Fish and Sea Food and Other) and Region.
On the basis of geography, the market of Food Allergy has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Products/Technology, the sub-segment i.e. Elisa will boost the Food Allergy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Tests, the sub-segment i.e. Skin Prick Test will boost the Food Allergy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Research & Development Investment By The Key Player
Market Growth Drivers:
Evolution of Food Allergy and Immense Awareness For Treatment Of Allergies
Challenges:
Stringent Government Rules And Food Safety Regulations
Restraints:
Lack Of Food Control Infrastructure And Resources and Less Awareness Of Allergies In Countries Which Are Less Economically Developed Country (LEDC)
Opportunities:
Increase Of Chemicals In Food Processing Industry
Market Leaders and their expansionary development strategies
In August 2020, Nestlé and Aimmune Therapeutics, Inc., a biopharmaceutical company developing and commercializing treatments for potentially life-threatening food allergies (Aimmune), have entered into a definitive agreement pursuant to which Nestlé Health Science (NHSc) would acquire Aimmune. Aimmune's Palforzia is the first and only FDA-approved treatment to help reduce the frequency and severity of allergic reaction to peanuts, including anaphylaxis, in children aged 4 through 17. The acquisition is an extension of NHSc's food allergy portfolio, creating a broader spectrum of solutions for children living with food allergies.
In April 2020, FARE (Food Allergy Research & Education), the world’s leading food allergy advocacy organization and the largest private funder of food allergy research, announced the launch of a new resource geared at raising awareness of the benefits of introducing a variety of new foods to babies and educating people on how they might be able to help reduce the risk of developing food allergies.
According to the US Food and Drug Administration (FDA), there are over 160 foods that cause allergic reactions with eight identified by law as: milk, eggs, fish, shellfish, tree nuts, peanuts, wheat, and soybeans.Additionally, According to DHHS, NIH, National Institutes of Allergy and Immune Disease under USDA in 2017, the guidelines were developed for early introduction of peanut containing foods into the diets of infants at various risk level for peanut allergy. In 2010 Guidelines were set to intend the use of variety of health care professionals, including family practice physicians, clinical specialists, and nurse practitioners. The Guidelines include a consensus definition for food allergy, discuss comorbid conditions often associated with food allergy, and focus on both IgE-mediated and non-IgE-mediated reactions to food.
Key Target Audience
Research and Development (R&D) Companies, Food Companies, Biotechnological Institutes, Medical Research Laboratories, Government & Private Laboratories and Market Research and Consulting Service Providers
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.