The Global Food Allergy and Intolerance Products Market is Projected to Reach US$30.9 Billion by 2024
Increase in Food Allergies,
Sensitivities and Intolerances and the Trend towards Free-From Foods as Healthy
Options Drive Growth in the Food Allergy and 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 Food Allergy and
Intolerance Products market is projected to reach US$30.9 billion by 2024, driven by the constant
rise in incidence of intolerance to ingredients such as gluten and dairy along
with the growing consumer shift towards free-from foods in a bid to adopt a
healthy lifestyle.
Food
allergy is the unusual reaction of the body’s immune system, caused by the
consumption of a specific food product. Food allergies result from sensitivity
of the human immune system to various proteins. Food intolerance, on the other
hand, is generally triggered by the consumption of foods that include ingredients
such as sugars, gluten and lactose. Celiac disease is a food-related disorder,
where the immune system in the body attacks itself on exposure to gluten, a
protein present in rye, wheat, and barley. Over the past two decades, the
number of food allergy cases across the world has risen significantly.
Driven
by the steady increase in the number of people affected by food allergies,
sensitivities and digestive problems, along with the rapidly rising population
of individuals suffering from intolerance to lactose, gluten and sugar, the
global market for food allergy and intolerance products continues to post
stable growth. Besides the rising demand for lactose-free and gluten-free
foods, rising health consciousness among consumers and the widespread and easy
availability of free-from foods through various retail outlets are driving
market growth. The rise in the number of allergens coupled with the trend of
food market globalization, which has extended the reach of allergens, is also fueling
demand for such foods. Also driving growth will be the advancements being made
in allergies diagnosis, and rising demand for gluten-free and dairy-free diets.
The
rising number of individuals suffering from celiac disease, growing awareness
about the condition, and increasing diagnosis of the disease due to
availability of advanced diagnostic techniques are aiding the growth of
gluten-free foods. On the other hand, the demand for lactose-free foods is
being propelled by the increasing number of lactose-intolerant people, rapidly changing food
trends, consumer shift towards healthy lifestyles, and growing number of people
suffering from diabetes. Innovations aimed at improving appeal, taste and
texture of free from foods will further fuel growth in the food allergy and
intolerance products market. Several companies are launching new and innovative
products to cater to the growing requirement for tastier and wider ‘free from’
food options.
As
stated by the new market research report on Food Allergy and Intolerance
Products, the
United States represents the largest regional market, worldwide. Growth will be
fostered by the increasing incidences of food allergies and sensitivities in
the US. The growing consumer desire for foods with clean labels, the need to avoid
allergens, and focus on foods with easy digestion are driving focus onto a wide
variety of gluten-free foods. Asia-Pacific is forecast to register the fastest
CAGR of 8.2% over the analysis period. The growing number of people affected by
gluten intolerance, allergies, and lactose intolerance along with rising health
awareness levels of people are fueling demand for a range of free-from foods.
Major
players in the market include Alpro UK Ltd., Amy’s Kitchen Inc., Barry
Callebaut Group, Daiya Foods Inc., Doves Farm Foods Ltd., Dr. Schär, 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, Nature’s Path Foods Inc., Pamela’s Products Inc., Semper AB,
Sweet William Pty. Ltd., The Hain Celestial Group Inc., and The Kraft Heinz
Company, 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, mergers, acquisitions and other strategic
industry activities of global companies. The report provides market estimates
and projections 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 market is analyzed by the product segments - Gluten-free
Products, Lactose-free Products and Others.
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enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.
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