The Global Market for Food Allergy and Intolerance Products is Projected to Exceed US$24.8 Billion by 2020
Rise in Food Hypersensitivity, Allergies & Associated
Anaphylaxis to Drive the Food Allergy & Intolerance Products Market,
According to a New Report by Global
Industry Analysts, Inc.
GIA launches comprehensive
analysis of industry segments, trends, growth drivers, market share, size and
demand forecasts on the global Food Allergy and Intolerance Products market. The
global market for Food Allergy and Intolerance Products is projected to exceed
US$24.8 billion by 2020, driven by the rise in food hypersensitivity, allergies
and associated anaphylaxis as a result of changes in diet, and sensitivity to food
additives and increased use of sulphur dioxide and sulphites as
preservatives.
An abnormal reaction of
the immune system, stimulated by consumption of specific foods, food allergy is on the rise globally. Allergy causing
food often triggers reactions such as hives, swollen airways and digestive
problems. Non-allergic food hypersensitivity, also known as food intolerance is
also on the rise and is defined as difficulty in digesting specific foods
unlike the adverse immunologic reaction seen in allergies. Instances of food
intolerance include migraine caused by red wine and lactose intolerance due to
the absence of lactase in the body. The eight main types of food that causes allergies
in adults and children are eggs, tree nuts, shellfish, milk, fish, soy, wheat,
and peanuts. The outlook for the food allergy & intolerance products market
remains bright owing to the increasing number of food allergy and sensitivity across
the world. The market continues to register healthy growth as consumers try to cut
down their medical bills by opting for healthy foods. Over the years, the
market has gradually evolved from a nascent to mainstream food business in
several countries, driven by a host of factors both at the consumer as well as
the manufacturer fronts.
“Free-From”
products that include a range of non-GMO, gluten-free, sugar-free, fat-free,
dairy-free and allergen-free foods are gaining significant impetus supported by
rising consumer awareness and interest in self-managing allergens to control
allergic episodes. While in certain countries, free-from generally relates to
gluten-free products, in countries such as the U.S., it refers to products that
are free-from the main eight allergens. The definition of free-from is however
changing, with variety of products such as trans fat-free and products that are
free from artificial ingredients, among others slowly finding their way into
this classification. Gluten-free and
wheat-free products are witnessing spiraling demand as increasing number of
consumers step up consumption of such foods to lead a healthier life. The growing availability of gluten-free products
is mainly driving the free-from foods sector. This is highlighted by the fact
that of all the food and beverage introductions in 2014, gluten-free products accounted for over 7% share. Although people
with a history of allergies or food intolerances are large consumers of food allergy
and intolerance products, a growing base of health conscious people are gradually
making in-roads into the market as a lucrative consumer cluster.
As stated by the new market
research report on Food
Allergy and Intolerance Products, the United States represents the largest
market worldwide, led by the ongoing trend of selective food avoidance among
the affluent health conscious consumers. A large number of manufacturers are
targeting consumers with sugar-free, gluten-free, non-GMO, fat-free, dairy-free
and other free-from alternatives. Gluten-free food products in Asia-Pacific is
forecast to witness impressive growth in the coming years, led by better
labeling regulations, innovation in tastier allergen-free food products,
growing disposable income and increasing per capita spending on functional
foods.
Major players covered in
the report include Alpro UK Ltd., Amy’s Kitchen, Inc., Barry Callebaut, Daiya
Foods Inc., Doves Farm Foods Ltd., Dr. Schar, Dr Schär UK, Ener-G Foods, Inc.,
Enjoy Life Foods, Galaxy Nutritional Foods, Inc., General Mills, Inc., Gluten
Free Foods Ltd., Glutino Food Group, Green Valley Organics, Kellogg Company,
The Kraft Heinz Company, Nature’s Path Foods, Inc., Pamela’s Products, Inc.,
Roma Food Products, Semper AB, Sweet William Pty Ltd., The Hain Celestial
Group, Inc., and The Village Bakery, among others.
The research report titled
“Food
Allergy and Intolerance Products: A Global Strategic Business Report”
announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers,
acquisitions and other strategic industry activities of global companies. The
report provides market estimates and projections in US$ Million for all major geographic
markets such as the US, Canada, Europe (France, Germany, Italy, UK, Spain, and
Rest of Europe), Asia-Pacific (China, and Rest of Asia-Pacific), Latin America
(Brazil, and Rest of Latin America), and Rest of World. The report analyzes the
global and regional markets by key product segments such as Gluten-free,
Lactose-free, and Others (including Dairy-free, Soya-free, Egg-free, Nut-free,
and Diabetic food). The report also provides Gluten-free products’ market
estimates and projections in US$ Million for geographic markets of Europe
(France, Germany, Italy, UK, Spain, and Rest of Europe), Asia-Pacific (China,
and Rest of Asia-Pacific), and Latin America (Brazil, and Rest of Latin
America).
Global
Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights
Reserved.
Comments
Post a Comment