Food Allergy Market

Market Size and Share of Food Allergy Industry

The global food allergy market is growing rapidly due to increasing awareness among consumers regarding food allergies, a rise in research activities, and a surge in the number of people suffering from food allergies.

The market size of the food allergy industry is expected to reach ~USD 6.64 billion by 2028, growing at a CAGR of +8.1% during the forecast period (2021-2028).

North America is expected to hold the largest share of the market due to the high prevalence of food allergies and the presence of key players in the region.

Key Players in Food Allergy Market

• Akorn, Incorporated (US)
• Pfizer Inc. (US)
• GlaxoSmithKline plc (UK)
• Novartis AG (Switzerland)
• Mylan N.V. (US)
• Teva Pharmaceutical Industries Ltd. (Israel)
• Sanofi (France)
• Boehringer Ingelheim International GmbH. (Germany)
• AstraZeneca (UK)
• Johnson & Johnson Private Limited (US)
• Bayer AG (Germany)
• Merck & Co., Inc. (US)
• Prestige Consumer Healthcare Inc. (US)
• F. Hoffmann-La Roche Ltd. (Switzerland)
• Bristol-Myers Squibb Company (US)
• Almirall, S.A (Spain)
• Zenomed Healthcare Private Limited (India)
• Cadila Pharmaceuticals (India) 
• Astellas Pharma Inc. (Japan)
• Eli Lilly and Company (US)

Market Segmentation

By Food Source

• Dairy Products
• Poultry Product
• Tree Nuts
• Peanuts
• Shellfish
• Wheat
• Soy
• Others

By Symptoms

• Anaphylaxis
• Atopic Dermatitis
• Others

By Diagnosis

• Skin-Prick Tests
• Blood Test
• Elimination Diet
• Oral Food Challenge
• Others

By Treatment

• Epinephrine
• Oral Immunotherapy
• Antihistamines
• Others

By End-Users

• Hospitals
• Specialty Clinics
• Homecare
• Others

By Distribution Channel

• Hospital Pharmacy
• Retail Pharmacy
• Online Pharmacy
• Others

Trends and Drivers Affecting Food Allergy Market

The food allergy market is being driven by various factors such as a rise in the number of people suffering from food allergies, increasing awareness among consumers, and technological advancements in food allergy testing. Major trends in the market include the introduction of new products that cater to the needs of people with food allergies, such as gluten-free and lactose-free products. The increasing popularity of vegan and plant-based diets is also driving the demand for allergen-free products. Additionally, the demand for home-based food allergy testing kits is also increasing, which is expected to fuel market growth.

Opportunities and Threats in Food Allergy Market

The food allergy market presents significant opportunities for growth due to the increasing prevalence of food allergies, rising awareness among consumers, and the introduction of new and innovative products. However, the market also faces several threats, such as the high cost of allergen-free products, stringent regulations and labeling requirements, and the risk of cross-contamination in manufacturing facilities. Moreover, the lack of proper diagnosis and treatment options for food allergies is also a major challenge for the market.

Regulatory and Legal Issues Affecting Food Allergy Market

The food allergy market is subject to various regulatory and legal issues, including labeling requirements and regulations governing the manufacturing and distribution of allergen-free products. In the United States, the Food Allergen Labeling and Consumer Protection Act (FALCPA) requires manufacturers to label food products that contain any of the eight major food allergens. Similarly, in the European Union, the Food Information for Consumers Regulation (FIC) mandates that all food products must be labeled with allergen information. In addition, there are several legal challenges associated with manufacturing allergen-free products, including the risk of cross-contamination during the manufacturing process.

Target Demographics and Pricing Trends in Food Allergy Market

The target demographics for the food allergy market include children, young adults, and people with a family history of food allergies. These individuals are more likely to be affected by food allergies and require allergen-free products. Pricing trends in the food allergy market vary across different segments, with allergen-free products typically being more expensive than regular products. However, the prices of allergen-free products have been decreasing in recent years due to increasing competition and technological advancements in manufacturing processes.

Conclusion

The food allergy market is expected to grow significantly in the coming years due to increasing awareness among consumers, rising prevalence of food allergies, and technological advancements in food allergy testing. Key players in the market are investing in research and development to introduce new and innovative products to cater to the needs of people with food allergies. However, the market also faces several challenges, including regulatory and legal issues and the risk of cross-contamination during manufacturing. The pricing trends in the market vary across different segments, with allergen-free products typically being more expensive than regular products, although prices have been decreasing in recent years. Overall, the food allergy market presents significant opportunities for growth, and companies are expected to focus on partnerships and collaborations to strengthen their position in the market.