Food Allergy Market Size, Share, Trends, Growth and Forecast 2030

Food Allergy Industry Prospective:

The global food allergy market size was worth around USD 40.13 billion in 2022 and is predicted to grow to around USD 59.49 billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.02% between 2023 and 2030.

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Food Allergy Market: Overview

Food allergy is caused by a reaction caused by the immune system after consuming a certain food. Symptoms of food allergy can be triggered by the consumption of even a tiny amount of allergy-causing food product. Two of the most common symptoms include hives or swollen airways and digestive problems. However, consuming allergy-inducing food for some people can be more dangerous as it can cause anaphylaxis which is a life-threatening reaction.

As estimated, around 8% of children below the age of 5 years are affected by food allergies. The same percentage for adults is around 4%. As of current times, food allergies cannot be cured; however, children may outgrow these reactions as they grow. Symptoms of food allergy typically start developing within a few minutes of food consumption or they may take around 2 hours. In some of the rarest cases, symptoms have developed several hours after food consumption. Mandatory medical treatment is required if the reaction is as severe as anaphylaxis which has symptoms such as rapid pulse, difficulty in breathing, lightheadedness, and shock with a rapid drop in blood pressure.

Key Insights:

• As per the analysis shared by our research analyst, the global food allergy market is estimated to grow annually at a CAGR of around 5.02% over the forecast period (2023-2030)
• In terms of revenue, the global food allergy market size was valued at around USD 40.13 billion in 2022 and is projected to reach USD 59.49 billion, by 2030.
• The food allergy market is projected to grow at a significant rate due to the increasing global food trade
• Based on diagnosis segmentation, skin-prick tests was predicted to show maximum market share in the year 2022
• Based on food source segmentation, peanuts was the leading segment in 2022
• On the basis of region, Asia-Pacific was the leading revenue generator in 2022

Food Allergy Market: Growth Drivers

Increasing global food trade to drive market growth

The global food allergy market is expected to grow owing to the increasing global food trade. The trend includes the supply and consumption of food items specific to certain nationalities in other international markets. One of the most common examples is sushi food. It is a traditional Japanese local cuisine primarily made using rice and seafood. In recent times, the dish has taken over the global food industry as almost all countries have witnessed increasing sales and demand for sushi products through restaurants and sushi-specific kitchens. As per research, around 5 million American citizens are known to eat sushi at least once a month. Exhaustive expansion policies adopted by hotel and restaurant retail chains, increasing tourism, and higher access to global food items have caused more people to be exposed to food allergies. As people seek to try new food items they may contract allergic reactions if the exact food ingredients are not known beforehand.

Increase in investments toward allergy-specific medical centers to deliver high results

With the growing number of food allergy cases registered on a global scale, investments toward building and running allergy-specific specialty centers have improved in recent times. The regional healthcare industry players are investing resources in providing optimum allergy testing results and post-diagnosis care. In August 2022, Australia witnessed the launch of the world’s first allergy centers called the National Allergy Council (NAC) and the National Allergy Centre of Excellence (NACE). The centers will focus on conducting novel research and delivering superior-grade allergy-related initiatives. Allergic diseases are currently the most rapidly growing chronic condition in Australian citizens affecting around 1 in 10 infants.

Food Allergy Market: Restraints

High cost of food allergy testing to restrict market growth

Testing and diagnosing food allergies can be expensive. This is mainly because most of the diagnostic tools used for testing and determining food allergies use extensive trial and error methods to confirm the exact food products causing the immune system reaction. For instance, in the US, testing costs may range between USD 60 to USD 300 depending on the tests being conducted. Additionally, some of the examinations are less effective in terms of results as compared to others. Lack of access to modern food allergy testing tools could also create growth barriers in the food allergy industry.

Food Allergy Market: Opportunities

Increasing innovation in food allergy testing kits to create growth opportunities

With the growing demand for effective food allergy diagnostic tools, there has been a steady rise in the number of novel non-invasive testing methods that are quick and accurate in terms of results which in turn is helping the food allergy industry. In May 2023, Dr Dangs Lab announced the launch of Allergynius Dx. It is an artificial intelligence (AI) powered innovative test for allergies. The Molecular Allergy Diagnostics tool helps to provide results that allow doctors and patients to make informed decisions about managing allergies. In the same month, Metropolis Healthcare launched a new allergy testing platform based on Component Resolved Diagnostics (CRD) and aims to help India’s growing problem of severe to mild allergies in the general population. The AI-powered tool is effective in diagnosing around 295 allergens including 158 food allergens.

Food Allergy Market: Challenges

Lack of appropriate healthcare infrastructure in certain countries to restrict market growth

The global food allergy market growth could be challenged by the lack of efficient healthcare infrastructure in certain emerging countries. Many people in these countries do not have access to basic healthcare and food allergy testing or treatment may not even count as primary medical care. Furthermore, the increasing healthcare expenses along with the growing rate of unemployment could cause more people to refrain from spending on medical expenses deemed as not absolutely necessary.

Food Allergy Market: Segmentation

The global food allergy market is segmented based on diagnosis, symptoms, food source, and region.

Based on diagnosis, the global market segments are elimination diet, blood test, skin-prick tests, oral food challenge, and others. In 2022, the highest growth was observed in the skin-prick tests since it is one of the most widely used diagnostic methods for determining different types of allergies including the ones caused by food. It includes using some amount of food suspected as an allergen to prick the skin and wait for the reaction to trigger. However, the method is based on trial and error. It also leads to discomfort in patients. The demand for less invasive diagnostic measures is growing rapidly. Testing allergies using blood tests can cost between USD 200 to USD 1000 making it more expensive.

Based on symptoms, the food allergy industry segments are atopic dermatitis, anaphylaxis, and others.

Based on food source, the global market divisions are wheat, soy, poultry products, dairy products, shellfish, peanuts, tree nuts, and others. The highest growth was witnessed in the peanuts segment since it is one of the most common food allergens. However, it is worth noting that allergy-causing peanuts are the ones that grow on trees. Shellfish is another common allergy-inducing food product. In 2021, the US declared it as a major allergen as it is suspected to affect around 2% of American citizens. Wheat can also induce indigestion along with other digestive issues mainly caused by the presence of gluten protein.

Food Allergy Market: Report Scope

Food Allergy Market: Regional Analysis

Asia-Pacific to witness the highest growth during the assessment period

The global food allergy market will be dominated by Asia-Pacific during the forecast period. Australia is known as the main center for food allergies. Around 2% of Australian adults and 10% of infants are known to be sensitive to several types of food products. Another study concluded that the Asian population is more vulnerable to food allergies as compared to people from other ethnicities. The reason for high allergic patients is lifestyle however, there is no specific answer to determine the primary reason. Additionally, the growing investments in educating the general population about reasons, symptoms, and treatments for food allergies have caused higher regional revenue, further pushed by growing investments in the development of efficient diagnostic tools and centers. North America is likely to grow at a rapid rate driven by the growing number of the population suffering from food allergies. As per estimates, more than 20 million in the US are allergic to food items including fish, sesame, tree nuts, wheat, eggs, soy, and milk. The country also has a robust healthcare infrastructure which further helps in regional growth.

Food Allergy Market: Competitive Analysis

The global food allergy market is led by players like:

• Danaher Corporation (Beckman Coulter)
• HAL Allergy Group
• Thermo Fisher Scientific
• HOB Biotech Group
• Stallergenes Greer
• Aimmune Therapeutics
• DBV Technologies
• Romer Labs
• AllerGenis
• Greer Laboratories
• Omega Diagnostics Group
• Theradiag
• Siemens Healthineers
• Symbio Laboratories
• AllerAid
• DB Biotech
• Biomay AG
• Biofortuna
• OmegaQuant
• Mediwales.

The global food allergy market is segmented as follows:

By Diagnosis

• Elimination Diet
• Blood Test
• Skin-Prick Tests
• Oral Food Challenge
• Others

By Symptoms

• Atopic Dermatitis
• Anaphylaxis
• Others

By Food Source

• Wheat
• Soy
• Poultry Products
• Dairy Products
• Shellfish, Peanuts
• Tree Nuts
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa