Food Allergy Market Competitor Assessment, Unmet Needs, Clinical Trial Strategies and Forecast, 2023-2029 – Report by Introspective Market Research
Market Overview:
The Global Food Allergy Market is expected to grow at a significant growth rate, and the analysis period is 2022-2028, considering the base year as 2021.
Food allergy can be explained as an immune system reaction to a certain kind of food. Eating even a small amount of allergy-causing food may trigger signs and symptoms in the person. Such symptoms include digestive problems, hives, vomiting, whizzing, and swollen airways. In some cases, a food allergy can also cause severe symptoms or even a life-threatening reaction known as anaphylaxis, a very fatal whole-body allergic reaction that can limit breathing, produce a significant decrease in blood pressure, and affect the heart rate. It is recorded that food allergy affects around 8% of children under age 5 and up to 4% of adults. Food allergy symptoms are more frequently seen in infants and children, but there are chances that they can occur at any age and even in individuals who acquire a food allergy that they have consumed without no problem for many years. People are allergic to more than 160 ingredients in food but the most common of them are milk, eggs, wheat, shellfish & fish, peanuts, tree nuts, soybeans, and sesame.
The Report Will Include A Major Chapter
- Patent Analysis
- Regulatory Framework
- Technology Roadmap
- BCG Matrix
- Heat Map Analysis
- Price Trend Analysis
- Investment Analysis
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Market Dynamics and Factors:
An increasing level of innovation in allergy testing and treatment processes along with rising expenditure on healthcare is driving the food allergy market. Food allergies are becoming more common in both children and adults around the world. As the prevalence of allergic diseases rises and rises the demand for preventative and therapeutic measures for food allergies. Furthermore, an increased emphasis on research and development to provide advanced products to consumers is likely to drive the overall demand for allergy care. Various government organizations hope to improve healthcare infrastructure by increasing funding, which will have an impact on market dynamics.
Ever-rising food allergy cases even in adults and fully operational R&D activities ongoing in healthcare to tackle them are some factors that will provide beneficial opportunities for the food allergy market growth. An increase in the number of research and development activities, along with this, rising drug approvals and launches will further propel the market’s growth rate.
Competitive Landscape Chapters
- Competitive Positioning
- Industry BCG Matrix
- Heat Map Analysis
Food Allergy Market Report Highlight:
- By food source, the dairy product segment is anticipated to lead the growth of the Food Allergy market in the forecasted timeframe. In the United States, 90% of allergic responses to foods are caused by eight foods, and cow’s milk is the most common. All true food allergies are caused by an immune system malfunction. If someone has a milk allergy, their immune system identifies certain milk proteins as harmful, triggering the production of immunoglobulin E (IgE) antibodies to neutralize the protein (allergen).
- By symptoms, the atopic dermatitis segment is expected to have the highest share of the Food Allergy market over the projected period as atopic dermatitis usually develops in early childhood and is more common in people who have a family history of the condition. environmental factors or allergens such as cold and dry weather, dampness, and more specific things such as house dust mites, pet fur, pollen, and molds
- By treatment, the oral immunotherapy segment is set to develop at the highest CAGR during the forecasted timeframe as oral immunotherapy (OIT) is a potential treatment for food allergy, which involves gradually increasing amounts of food allergen given under medical supervision.
- By end users, the specialty clinics segment is set to develop at the highest share during the forecasted timeframe because the specific type of treatment for different food allergies is treated under supervision with effective diagnosis.
- The North American region is expected to have the highest share of the Food Allergy market over the projected period due to North America serves as a large base for food allergy cases in the entire world, where the number of these cases is steadily increasing because of this reason North America dominates the food allergy market. Rising food allergies in the region are leading to more need for treatment technologies and medications
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Top Key Players Covered In The 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)
- Hoffmann-La Roche Ltd (Switzerland)
- Alladapt Immunotherapeutics (USA)
- Vedanta Biosciences, Inc (USA)
- Alladapt Immunotherapeutics (USA)
- Almirall, S.A (Spain)
- Sanofi (France)
- Pfizer Inc (USA) and Other Key Players.
Key Industry Development:
In May 2022, Amulet, the company making the world’s smallest, fastest, and sleekest molecular detection technologies announced its official launch “Allergy Amulet”. Amulet’s new launch Allergy Amulet is an innovation in food allergy, a signature wearable that alerts people to allergens in their food.
In October 2020, PALFORZIA, was developed and launched by Aimmune Therapeutics Inc., a Nestlé Health Science company. PALFORZIA® is the first FDA-approved food allergy treatment. PALFORZIA was approved as oral immunotherapy (OIT) on January 31, 2020, by the FDA for the mitigation of allergic reactions, including anaphylaxis. This food allergy drug receive approval from the European Commission (EC) in December 2020, whereas in April 2021, by the Medicines and Healthcare products Regulatory Agency (MHRA) (U.K.
Food Allergy Market Segmentation:
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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For this report, Introspective Market Research has segmented the Food Allergy Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Rest Of Europe
- Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
- Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- South America
- Brazil
- Argentina
- Rest of SA
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Scope of the Report:
The latest research on the Food Allergy market provides a comprehensive overview of the market for the years 2022 to 2028. It gives a comprehensive picture of the global Food Allergy industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter’s five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Food Allergy market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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