The food allergy market is anticipated to witness significant expansion, driven by increased awareness and prevalence of food allergies worldwide. Market research by [Your Company Name] forecasts an impressive Compound Annual Growth Rate (CAGR) of 7.9% from 2020 to 2030 with the market value expected to surpass US$ 7.0 Bn. Growing demand for advanced diagnostic tests, effective treatments, and allergen-free products, along with rising investments in research and development, will fuel market growth and present lucrative opportunities for industry players.
The report “ Food Allergy Market, By Technology (Biosensor-Based, Immunoassay-Based, ELISA PCR Based and Other Technologies), By Source (Milk, Egg, Soy, Tree Nuts, Peanuts, Wheat, Seafood and Others), By Diagnosis (Primary and Secondary), By Treatment (Anti Histamines and Adrenaline), By End – Use (Hospitals & Clinics, and Diagnostic Centers), By Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) – Market Trends, Analysis, and Forecast Till 2029
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https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/3047
Key Highlights:
• In November 2022, Vini Mini has launched the new product to prevent allergies in babies. Newly launched products are available at pharmacies, hospitals, and online. ‘Starkit’ product contains sachets or capsules with right dosage of peanut flour which will be given to a baby for first time. The kit contains 100% peanut flour.
• In July 2020, Nestle Gerber has launched infant snack line Gerber Organic BabyPops with allergy prevention in mind. New infant snack line product is a new puffed corn & oat snack which comes in various varieties like tomato, peanut, raspberry and banana. Gerber Organic BabyPops peanuts contains real, and organic peanut flour.
Analyst view:
Food allergies have emerged as a critical public health concern globally, affecting millions of individuals across all age groups. As an analyst at foresee a promising future for the food allergy market, with remarkable growth projected in the coming years. The increasing prevalence of food allergies, coupled with growing awareness among consumers and healthcare professionals, will drive the demand for innovative diagnostic tools and effective treatments. Key players in the industry are likely to focus on research and development, aiming to introduce novel therapies and allergen-free products to address the evolving needs of consumers. Additionally, stringent food labeling regulations and heightened consumer awareness will foster a safer food industry, promoting the adoption of allergen-free products worldwide. The market's expansion is anticipated to present immense opportunities for industry participants, particularly in emerging economies, where food allergy cases are on the rise. As a result, strategic collaborations, product launches, and research partnerships will be instrumental in gaining a competitive advantage and achieving sustainable growth in this dynamic market.
Competitive Landscape:

The key players operating in the food allergy market include include Intertek Group plc, TUV SUD SPB Pte. LTD, Eurofins Scientific, Merieux Nutrisciences, Nestle, ALS limited, Asurequality Ltd, Neogen Corporation, Romerlab Diagnostics Gmbh, SGS SA, Microbac laboratories Inc. food allergy market is involved in product launch, acquisition, and research and development to broaden the product portfolio. For instance, in December 2020, Nestle SA entered into an agreement to acquire Aimmune Therapeutics, Inc., Brisbane, Calif., for US $2.6 billion.The market provides detailed information regarding the productivity, strength, manufacturer’s industrial base, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent mergers, acquisitions, collaborations, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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