Food Allergy Market

Food Allergy Market Snapshot (2023 to 2033)

The global food allergy market is likely to reach a valuation of US$ 39.83 Billion in 2023 and is expected to register at a CAGR of 5.2% to reach US$ 66.15 Billion by the end of 2033. By 2023, adrenaline treatment will account for almost 32% of the global market for food allergy treatments.

A large percentage of children and adults suffer from food allergies, with 8% of them being under five years old, and 4% being adults. Even though there is no cure for food allergies, some children outgrow them as they grow up and become more independent.

To assess and manage allergen hazards in food, the FDA offers guidance to food producers, consumers, and other stakeholders. Inspections and sampling by the FDA are also performed to ensure food products are properly labeled for major allergens in addition to ensuring food facilities implement controls to prevent cross-contact of allergens during manufacturing and packaging and that labeling controls prevent undeclared allergens.

A recall is initiated by the FDA after problems with products are found and public notification is provided to alert consumers. In addition to this, the FDA has the power to seize, remove, and refuse to allow the entry of products that violate its regulations from the marketplace, as well as deny imports entry into the country.

Sales Analysis of Food Allergy (2018 to 2022) Vs. Market Forecast Outlook (2023 to 2033)

According to FMI, food allergy sales grew at a CAGR of 4.8% in the historical period 2018 to 2022. Kids are increasingly suffering from food allergies, which is the latest epidemic of the current generation.

Several allergen-specific and non-specific therapies are under investigation as potential treatment options for people suffering from food allergies; however, in terms of therapeutic outcomes, immunotherapy has been identified as the most promising treatment option for individuals who suffer from food allergies to date. Providing an overview of recent developments in the treatment of food allergies is the objective of this review.

Anaphylaxis is still an unpredictable possibility with food allergies, which continue to increase in prevalence. There are fewer treatment options available, even though diagnostic accuracy is improving. Allergy management relies on avoiding offending allergens and educating patients on how to manage them. Although precautions and vigilance are taken, accidental ingesting continues.

Recent advancements made in the study of humoral and cellular immune responses and tolerance mechanisms in food allergy have led to the development of several therapeutic strategies to treat food allergies in an effort to cure or remit them long term. Accordingly, the market for food allergy is projected to grow at a CAGR of 5.2% between 2023 and 2033.

What Factors are driving High Demand for Food Allergies Treatment Worldwide?

According to research, asthma incidences are expected to rise from 2023 to 2033. Allergies to food commonly coexist with asthma. There is a greater likelihood that food allergies and asthma symptoms will become severe under these circumstances. The food allergy market growth rate is also influenced by rising healthcare expenditures that help improve its infrastructure. The government is also increasing funding for healthcare infrastructure, which will impact the dynamics of the market even further.

Across the globe, both children and adults are experiencing an increase in food allergies. With the increase in allergic diseases, it is likely that the demand for preventative and therapeutic measures for food allergies will increase. Additionally, 2/5th of the overall demand for allergy care is likely to be driven by an increased focus on research and development to offer advanced products to consumers.

In recent years, there has been an increase in allergies and awareness about food disorders that has forced the food industry and restaurants to follow regulatory norms in order to serve the nation. Gluten-free and dairy-free foods are an increase in demand on the market because both dietary programs and increasing awareness of food allergies among consumers have contributed to this demand.

Modern Medicine's Approach to Treat Food Allergies

The number of activities involved in research and development has increased over the past few years. Furthermore, the expansion of the market is largely due to the increased participation in research and development activities in the market. As a result, the food allergy market will have many opportunities for growth in the future. Drug approvals and launches will continue to drive the market's growth.

Food allergy market growth will also be positively impacted by increased investment in modern technologies and the emergence of new markets. In recent years, there has been a great deal of progress in understanding immunological mechanisms behind allergic disease, as well as a great deal of progress in identifying food allergens, which may lead to new therapeutic approaches. Researchers are currently looking into several forms of immunomodulation therapies, including peptide immunotherapy, mutant protein immunotherapy, allergy DNA vaccination, immunostimulatory DNA vaccination, and anti-immunoglobulin E (anti-IgE).

Sabyasachi Ghosh

Principal Consultant

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What are the Challenges Faced by the Food Allergy Market?

A lack of awareness regarding allergic conditions often leads to underdiagnosis and underestimation of these conditions, despite their high prevalence. In addition, inaccurate test results may negatively impact the growth of the food allergy market in the future.

A lack of uniformity in diagnostic criteria greatly limits the evidence for food allergy prevalence and management. Furthermore, the delay in the issuance of the results will negatively impact the growth of the market, as well as the fact that it involves a large volume of blood for multiple tests, which is hard for younger children and will hamper the growth.

A large price tag for the tests, as well as the absence of allergy tests, are the main concerns affecting the market. Despite this, organizations like the European Federation of Allergy and Airway Diseases Patients Associations (EFA) have introduced a lot of campaigns aimed at boosting food allergy awareness in the market.

Start-ups for Food Allergy Treatment

New Entrants Bring Positive Changes to the Food Allergy Landscape

New entrants are capitalizing on technological advances in the food allergy field to introduce new solutions and gain a competitive edge in the market. These companies constantly invest in research and development to stay ahead of changing consumer preferences. The company is striving to advance the food allergy market and improve its position in the forum.

• Ready, Set, Food! Supplier of children's nutrition products. In addition to being organic and allergy-free, the company claims that its products are free of chemicals. In addition to breastfeeding and formula, it contains the top nine most common food allergies, including peanuts, eggs, milk, almonds, cashews, walnuts, soy, wheat, and sesame. Contains no GMOs and no sugar. Products are sold through the company's website.
• Foods You Can- Founded in 2009, a website that provides information and comparisons of food prices for people with food intolerances, allergies, and other health issues. The firm has raised a total funding of $16K over 1 round. Their latest round of funding was a $10K angel round that was held on February 15, 2011.
• OITWorks- Founded in 2014, OITWorks helps parents monitor their children's oral immunotherapy (OIT) treatment for severe food allergies using an iPhone application. In addition to organizing medication, doses, and rest times, the app enables users to customize their schedules.

Regional Insights

Why is the North American Food Allergy Market Experiencing Significant Revenue Growth?

According to the forecast, North America is likely to account for 43% of global food allergy treatments. Several factors are responsible for this dominance, including a large number of patients, advancements in food allergy treatment, and a high level of awareness regarding food allergies and treatment.

The development of new food allergy treatments and the development of new drugs in the USA market will further widen the market for food allergy treatments. As a result of the recent approval of oral immunotherapy (OIT) by the Food and Drug Administration (FDA), patients with peanut allergies can now benefit from this treatment, while patients with mild reactions are not suitable for this treatment.

A study published in JAMA Network Open Journal found that 10.8% of adults in the survey were food allergic, while nearly 17% believed they were. Food allergies are prevalent among nearly half of the adult population, and 38% of them have been to an emergency room as a result of food allergies.

Researchers at the American College of Allergy, Asthma, and Immunology (ACAAI) published a study in the scientific journal Annals of Allergy, Asthma, and Immunology that found targeted cognitive behavioral therapy (CBT) to significantly reduce anxiety associated with food allergies (FAA).

How will the Food Allergy Treatment fare across Europe?

According to the estimate, the European region is expected to dominate the market. The revenue generated from this region accounts for 36% of the total revenue generated worldwide. Many people in the region suffer from allergies, which accounts for the region's dominance in the food allergy market. Food allergies affect over 150 million people worldwide, representing 20 percent of the region's population, according to the European Academy of Allergy and Clinical Immunology (EAACI).

Children and adults with food allergies are reported to be affected by food allergies at a rate ranging from 3-4%, respectively. Over 17 million Europeans suffer from allergies related to food, according to the European Academy of Allergy and Clinical Immunology. Over the past decade, the number of children who have been admitted to the hospital for severe reactions has increased by 7X.

In addition to minimizing the occurrence of food allergic reactions caused by undeclared allergens, the Joint Research Centre (JRC) of the European Commission has several other objectives. As Europeans become more aware of their allergies to certain foods and stricter compliance with regulatory requirements, the European food allergen testing market continues to grow.

Category-Wise Insights

What Allergen Source will expand the Fastest in the Next Few Years?

Based on allergen sources, the market is segmented into gluten, peanut, mustard, milk, egg, fish, and other food allergy market. FMI predicts that peanuts allergen sources will dominate the market throughout the projection period. Peanut food allergy dominates more than 25% of the market.

The increasing prevalence of peanut allergies is a major factor driving the peanut allergy market. Furthermore, research is steadily being conducted to develop individual allergen immunotherapies (AIT) that can help in achieving allergen neutralization in less time with minimal side effects. Additionally, pharma and biotech companies are strongly inclining toward discovering new immunotherapies for peanut allergy, which is significantly driving the market growth.

In recent years, peanut allergy treatment and management have advanced dramatically. To desensitize an individual to allergens, new research is exploring oral immunotherapy, which gradually increases the amount of allergen a person is exposed to. A number of studies have also been conducted investigating the potential reduction in peanut allergy risk by using probiotics, allergen-specific immunotherapy, and gene therapy. A new diagnostic test that is more accurate and less invasive will be developed, as well as biomarkers specific to peanut allergy that can be located.

Food allergies are not uncommon. Approximately 17 million Europeans suffer from food allergies each year, of whom 3.5 million are under 25 years old, according to the European Federation of Allergy and Airways Diseases Patients Associations (EFA). Most children are allergic to peanuts and peanut allergy is the most common cause of food allergy death.

How Oral Immunotherapy will develop Over the Coming Years?

Based on treatment type, the food allergy market is segmented into antihistamines treatment. The oral immunotherapy segment is expected to represent 22% of the market and grow at a CAGR of 3.6% during the evaluation period. Research and development efforts are being conducted for the trials to develop proven methods for maximizing benefits and minimizing potential harm.

A strict avoidance of confirmed food allergens is recommended for the management of food allergy until food allergy OIT and other treatments have been proven to be reliable, safe, standardized, and approved for routine use in Australia (TGA) or New Zealand (Medsafe).

In childhood and adolescence with peanut allergy (PA), oral immunotherapy with Palforzia (POIT) aims to mitigate accidental allergic reactions. This therapy is a relatively new approach, so it's hard to know how many patients and families will choose it over strict avoidance.

Market Competition

Several domestic and regional players participate in the global food allergy market, which is highly fragmented and competitive. Mergers and acquisitions, expansions, collaborations, and partnerships are among the marketing strategies used by key players.

A company's marketing strategy can also be upscaled by developing new products. The implementation of these strategies has led to the development of advanced food allergy products.

• Vionic, FARE's new partner, supports education and research to benefit people with life-threatening food allergies. In the year-end campaign, Future Starts Now, FARE is targeting to raise $1 million to achieve its goal of raising $220,000. FARE and Vionic signed an official Partner Agreement in the fall of 2022. By collaborating with FARE, Vionic is improving the lives and health of people who suffer from food allergies. With this partnership, FARE will expand awareness and support of its strategic campaigns aimed at benefitting individuals with food allergies.
• A new investor, Edward-Elmhurst Health, led a funding round for childhood food allergy prevention start-up Ready, Set, Food. In addition to Danone's corporate venture arm, Danone Manifesto Ventures, as well as entrepreneur Mark Cuban and AF Ventures (formerly AccelFoods), there are returning investors this year as well. After raising $3 million in July of last year, Ready, Set Food raised another $3 million in less than a year.

Report Scope

Key Segments Profiled in the Food Allergy Industry Survey

Food Allergy Market by Allergen Source:

• Gluten
• Peanut
• Mustard
• Milk
• Egg
• Fish
• Others

Food Allergy Market by Treatment:

• Antihistamines
• Adrenaline
• Oral Immunotherapy
• Others

Food Allergy Market by End Use:

• Clinics
• Hospitals
• Ambulatory Surgery Centers

Food Allergy Market by Region:

• North America Food Allergy Market
• Latin America Food Allergy Market
• Europe Food Allergy Market
• Asia Pacific Food Allergy Market
• Middle East & Africa Food Allergy Market