The Food Allergy Market size is expected to grow from USD 38 Billion in 2022 to USD 56.14 Billion by 2030, at a CAGR of 5.00% during the forecast period.
An explanation for food allergies is an immune system response to a particular food type. Any amount of the allergy-causing food consumed by the person may cause signs and symptoms. Digestive issues, rashes, vomiting, whizzing, or enlarged airways are examples of these symptoms. A severe allergic reaction known as anaphylaxis, a potentially fatal whole-body allergic reaction that can impair breathing, cause a major drop in blood pressure, and alter heart rate, can occasionally result from a food allergy. Research indicates that 4% of adults and 8% of children under the age of five suffer from food allergies.
Top Key Players Covered Global Food Allergy Market
Boehringer Ingelheim International GmbH (Germany), Aimmune Therapeutics, Inc(USA), Johnson & Johnson Private Limited (USA), Merck & Co., Inc (USA), Prestige Consumer Healthcare Inc (USA), Bayer AG (Germany), AstraZeneca (UK), DBV Technologies (France), Novartis Pharmaceuticals (Switzerland), F. Hoffmann-La Roche Ltd (Switzerland), Vedanta Biosciences, Inc (USA), Alladapt Immunotherapeutics (USA), Almirall, S.A (Spain), Sanofi (France), Pfizer Inc (USA) and Other Key Players.
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In addition to investigating market intricacies, our study focuses extensively on the holistic ecosystem of the Food Allergy market. We analyse the functions and interdependencies of diverse market stakeholders, offering insights into their roles within the industry. Furthermore, our wide-ranging geographical coverage facilitates a profound understanding of regional trends.
Segmentation Analysis of The Food Allergy Market
By Food Source
- Crustacean shellfish
- Dairy Products
- Poultry Products
- Others
By Symptom
- Anaphylaxis
- Hives
- Atopic Dermatitis
- Others
By Treatment
- Epinephrine injection
- Oral Immunotherapy (OIT)
- Epicutaneous Immunotherapy (EPIT)
- Others
By End User
- Hospitals
- Specialty Clinics
- Individuals
- Others
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COVID-19 Impact on the Global Food Allergy Market
COVID-19 is a global pandemic that has negatively impacted the entire world and also our entire economy. World Health Organization (WHO) declared COVID-19 as a global emergency forcing the healthcare sector to be rigorous and strong in its operations. But, during the initial phase of pandemic in 2020 the heavy lockdowns and other strict regulations imposed by the authorities led to frequent halts even in the medical supplies. Various measures to prevent the disease's spread were recommended due to which other medical issues such as food allergy treatments were neglected. All the specialty clinics and other healthcare houses were turned into COVID care hospitals in order to accommodate the rising number of patients of COVID-19 due to which there was no post for the Food Allergy treatments and its related medical assistance.
By Region
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
The scope of the Food Allergy market:
The study provides details on recent advancements and opportunities that will benefit both industry players and consumers. When assessing the market valuation and growth rate, important market dynamics and growth-promoting factors are taken into consideration. The research considers growth prospects, industry news, and the latest market trends. It offers a comprehensive analysis of the market and competitors in addition to a SWOT analysis of well-known rivals. Taking everything into account, this research offers a comprehensive understanding of the market and its potential for growth.
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