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Report Overview

2023

Base Year

2017-2023

Historical Year

2024-2032

Forecast Year

Food Allergy Market Outlook

The food allergy market size was valued at USD 39.03 billion in 2023, driven by the increasing incidence of food allergies and increased awareness among people across the 7 major markets. The market size is anticipated to grow at a CAGR of 5.40% during the forecast period of 2024-2032 to achieve a value of USD 62.7 billion by 2032.

Food Allergy: Introduction

Food allergy is a condition that occurs when a person’s immune system gets triggered by a particular food item and exhibits several symptoms depending on the person and the food item. Most symptoms are visible only for a few hours. In severe cases, such as anaphylaxis, symptoms may persist for several days. Symptoms of food allergies include tingling or itching in the mouth, itchy red rash, swelling of the face, mouth, throat, or other areas of the body, difficulty swallowing, wheezing or shortness of breath, digestive problems, and swollen airways among others.

Food Allergy Market Analysis

The market is driven by factors such as the rising prevalence of food allergies among children and adults. Due to the increasing prevalence, research institutes and key players in the market are expanding their sources and focusing on developing the best treatment for food-allergic patients across the 7 major markets. The continuous development of innovative solutions in the market can result in increased adoption as a major population is suffering from a common food allergy, especially to peanuts. This innovative technology and its increased adoption are also expected to trigger research and development activities to find solutions for other food allergies including tree nuts, propelling the food allergy market growth.

Additionally, a new research and innovation project is targeting the development of novel immunotherapeutic drugs for peanut and multiple tree nut allergies. The project is a collaboration between DTU National Food Institute, The Hospital for Sick Children (SickKids) in Canada, and the pharmaceutical company ALK. The project ALLEVIATE2 will complete the preclinical development of sublingual immunotherapy drug candidates for the treatment of peanut allergy first. If this goes well and happens to be successful, the project will subsequently apply the same therapeutic approach and develop new treatments for tree nut allergies as well. This project has been funded with 18.5 million DKK (Danish Krone) by the Innovation Fund Denmark.

Innovations and research activities in the field of food allergies have been driving the market growth due to the limited treatment options available in the. These efforts from researchers and institutes can assist pharmaceutical and biotechnology companies in developing new treatments that can improve the quality of life for food allergy patients, further boosting the market.

Food Allergy Market Segmentations 

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
    • Germany
    • France
    • Italy
    • Spain
    • United Kingdom
  • Japan

Food Allergy Market Overview

The market is driven by the increasing population allergic to food items. Rising investments in research and development activities targeted toward comprehending the mechanism of food allergies and the development of suitable treatments, drugs, and other innovative solutions are contributing to the market growth. The growing awareness of this condition among more people coupled with the increased demand for effective management and treatment options is expected to drive the food allergy market growth in the forecast period. The market growth is also attributed to increased investments by the government in research activities by scientists and key market players coupled with advanced development of technologies.

The Centers for Disease Control & Prevention (CDC) estimates that almost 6% of U.S. adults and children have a food allergy. The most common food allergies among Americans are shellfish, peanuts, milk, and tree nuts. About 200,000 Americans seek emergency medical care for life-threatening allergic reactions to food, known as anaphylaxis, each year. These medical conditions approximately contribute to USD 25 billion every year, driving the market growth.

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. The major companies in the market are as follows:

  • Pfizer Inc.
  • GlaxoSmithKline plc
  • Novartis AG
  • Mylan N.V.
  • Teva Pharmaceutical Industries
  • Sanofi
  • Boehringer Ingelheim International GmbH
  • AstraZeneca
  • Johnson & Johnson Private Limited
  • Bayer AG

Please note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Food Source
  • Symptoms
  • Diagnosis Test
  • Treatment Type
  • Region
Breakup by Food Source
  • Dairy Products
  • Poultry Product
  • Tree Nuts
  • Peanuts
  • Shellfish
  • Wheat
  • Soy
  • Others
Breakup by Symptoms
  • Anaphylaxis
  • Atopic Dermatitis
  • Others
Breakup by Diagnosis Test
  • Skin-Prick Tests
  • Blood Test
  • Elimination Diet
  • Oral Food Challenge
  • Others
Breakup by Treatment Type
  • Epinephrine
  • Oral Immunotherapy
  • Antihistamines
  • Others
Breakup by Region
  • United States
  • EU-4 and the United Kingdom
  • Japan
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • Pfizer Inc.
  • GlaxoSmithKline plc
  • Novartis AG
  • Mylan N.V.
  • Teva Pharmaceutical Industries
  • Sanofi
  • Boehringer Ingelheim International GmbH
  • AstraZeneca
  • Johnson & Johnson Private Limited
  • Bayer AG

Food Allergy Market Report Snapshots

Food Allergy Market Size

Food Allergy Market Analysis

Food Allergy Treatment Companies

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market attained a value of about USD 39.03 billion in 2023, driven by the increase in food allergies among people.

The market is anticipated to grow at a CAGR of 5.40% during the forecast period of 2024-2032 and is likely to reach a market value of USD 62.7 billion by 2032.

The increasing incidence of food allergies and increased awareness among people are the major factors driving the market growth.

Increased research and development activities are among the major trends influencing market growth.

The major regions of the market include the United States, Japan, EU-4 and the United Kingdom.

Food allergies can be caused by dairy products, poultry products, tree nuts, peanuts, shellfish, wheat, and soy, among others. 

Symptoms of food allergies include anaphylaxis and atopic dermatitis, among others.

Tests include skin-prick tests, blood tests, elimination diet, and oral food challenges, among others.

Epinephrine, oral immunotherapy, and antihistamines, among others are some treatments used to treat food allergies.

Key players involved in the market are Pfizer Inc., GlaxoSmithKline plc, Novartis AG, Mylan N.V., Teva Pharmaceutical Industries, Sanofi, Boehringer Ingelheim International GmbH, AstraZeneca, Johnson & Johnson Private Limited, and Bayer AG.

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124