Global Food Allergy Market Share Is Expected to Grow At A CAGR Value Of Around 14.75% By 2030

06-Feb-2023 | Facts and Factors

According to Facts and Factors, the global food allergy market size was worth around USD 35 billion in 2021 and is predicted to grow to around USD 54 billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.64% between 2022 and 2030.

Food allergy occurs when the body’s immunity system is triggered to react unusually after the consumption of certain food products. In most cases, the reaction is mild but it may sometimes become life-threatening or extremely serious. The associated systems can be observed in different parts of the body and every patient may react differently. Some of the common symptoms of food allergy include a raised and itchy rash called hives, an itch sensation in the eyes, mouth or ears, face, lips, eyes, or tongue swelling.

Browse the full “Food Allergy Market Size, Share, Growth Analysis Report By Treatment (Antihistamines, Oral Immunotherapy, Epinephrine, and Others), By Food Source (Tree Nuts, Dairy Products, Wheat, Soy, Peanuts, Poultry Product, Shellfish, and Others), By End-Users (Homecare, Specialty Clinics, Hospitals, and Others), By Diagnosis (Oral Food Challenge, Skin-Prick Tests, Elimination Diet, Blood Test, and Others), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2030" report at https://www.fnfresearch.com/food-allergy-market

Some reactions are known to cause the patient to vomit as well. Anaphylaxis is the worst case of food allergy and can be fatal if not managed on time. Common symptoms of anaphylaxis are difficulty in swallowing & breathing, and feeling faint or dizzy. Food allergies are caused when the immune system misjudges a certain protein as a threat to the body and acts as a defense mechanism that causes the release of certain chemicals which may be harmful to the body.

Although a person can be allergic to almost all food products, the most widely seen cases of food allergy include reactions to peanuts, milk, shellfish, and certain types of vegetables or fruits. The most effective way of treating food allergy is to identify the food that triggers the reaction and stop consuming it in all forms.

The global food allergy market is projected to grow owing to the increasing investments in the healthcare sector from private companies as well on the government scale. Healthcare remains a dominating factor in determining the overall economic growth of the country. Regions with poor healthcare infrastructure may not register high financial growth since a strong infrastructure guarantees a healthy pool of manpower, which is essential for the production of services or goods.

Food allergy is known to have a severe impact on the overall economy as the higher the percentage of the population affected, the more will be economic loss. The total cost of allergies in the Australian territory is around $7 billion annually. As per recent research, the cost of managing food allergy in the US totals around USD 24 billion per year, which is almost close to USD 4000 per child.

The key factor that could impede the global market growth trajectory is the high cost associated with the treatment of the condition. Food allergy tests are expensive and the added cost of specialist fees makes it difficult for low-income families to invest in food allergy care. Blood tests to determine food allergy can cost up to a few hundred dollars in the US and getting tests for chronic hives can reach more than a thousand dollars. The health insurance may not cover these tests which means that the patient has to bear all the expenses. 

The growing research may provide growth opportunities while the lack of infrastructure in underdeveloped economies may challenge market growth.

Segmental Analysis

The global food allergy market is segmented based on treatment, food source, end-users, diagnosis, and region

Based on food source, the global market is divided into tree nuts, dairy products, wheat, soy, peanuts, poultry product, shellfish, and others. Although different patients may be allergic to different food products, the most common type of allergy is induced by peanuts which can also lead to anaphylaxis in most cases as compared to other food items. Peanut allergy occurs if the immune system determines that peanut protein is harmful to the body and the reaction is caused by the antibody immunoglobulin E which releases the chemicals in the system to fight the threat. Anaphylaxis induced by peanuts is as common as 1 in 50 children.

Based on diagnosis, the global market segments are oral food challenge, skin-prick tests, elimination diet, blood test, and others. In 2021, the global market registered the highest growth in the skin-prick tests segment because of a higher preference amongst medical professionals toward this testing method for food allergies. The reason for the popularity is that it can be conducted on infants as well and does not require a special visit to the doctor with results becoming available just after the test. It can cost between USD 60 to USD 300.

Regional Analysis

North America is projected to lead the global food allergy market due to higher affordability rates amongst the population and easy accessibility to testing. Growth in Europe may be driven by the excellent medical infrastructure of Germany, the Netherlands, and Norway. Around 12.8% of Germany’s gross domestic product (GDP) is spent on healthcare annually.

The country also offers free medical care to all of its citizens which is directly funded by contributions made to social security. Asia-Pacific may register a high CAGR due to the high prevalence of food allergy in Australia which is the most affected region across the globe. As per statistics, it currently affects 2 in every 100 adults and 1 in 10 infants in Australia.

Report Scope

Competitive Analysis

The global food allergy market is led by players like Boehringer Ingelheim International GmbH, Akorn, Incorporated, Novartis AG, Teva Pharmaceutical Industries Ltd., Pfizer Inc., Johnson & Johnson Private Limited, and Mylan N.V. amongst others.

Recent Developments:

• In September 2021, Dr. Batra’s Healthcare launched a new homeopathy treatment for skin, food, and respiratory allergies
• In August 2020, Nestle announced that it will be acquiring Aimmune Therapeutics, Inc., a company specializing in the development and commercialization of drugs for serious food allergies

The global food allergy market is segmented as follows:

By Treatment

• Antihistamines
• Oral Immunotherapy
• Epinephrine
• Others

By Food Source

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

By End-Users

• Homecare
• Specialty Clinics
• Hospitals
• Others

By Diagnosis

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

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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