Global Food Allergy And Intolerance Products Market Is Anticipated To Witness High Growth Owing To Increasing Prevalence Of Celiac Disease

 

Food Allergy and Intolerance Products

Overview:

A food allergy is a reaction that occurs when the immune system mistakenly identifies a particular food or other ingredient as a threat. This causes the body to release an overly large number of antibodies called immunoglobulin E (IgE). An intolerance is a reaction that occurs when the digestive system has a hard time digesting a particular food. This may lead to symptoms like gas, diarrhea or abdominal pain. This type of intolerance is caused by an absence of the enzyme that the body needs to break down the food. It can also be caused by an inherited condition, such as celiac disease or hereditary fructose intolerance. People with these conditions are unable to digest sugar or carbohydrates, causing bloating, gas and cramping in the gut.

Market Dynamics:

Rising product launches are estimated to augment growth of the global food allergy and intolerance products market over the forecast period. For instance, the SENSI Strip Allergen product range was launched by Eurofins Scientific in December 2020. This product range will help in detecting food allergens in packaged food products and also assist in expansion of their product portfolio. Moreover, lack of food control infrastructure & resources and technical difficulties during sampling, testing, and protein identification are estimated to hinder growth of the global food allergy and intolerance products market over the forecast period.

Impact of COVID-19:

The pandemic was a global health emergency according to the World Health Organization. The pandemic was first reported in Wuhan in 2019. Then the virus was transmitted to other nations globally. This outbreak hampered the growth of several businesses. The world economy was shattered and several businesses were temporarily closed. The pandemic also resulted in shutting down manufacturing activities in all sectors, including the food and beverages sector. This led to decrease in demand for food allergy and intolerance products. This hindered the growth of the global food allergy and intolerance products market during the pandemic. However, the market is estimated to witness robust growth as many restriction s have been relaxed in many countries.

Key Takeaways:

 

The global food allergy and intolerance products market is expected to witness high growth, exhibiting CAGR of 5.2 % over the forecast period, due to rising acquisitions by key players. For instance, Aimmune Therapeutics was acquired by a Switzerland-based company Nestle SA, in October 2020, for $ 2.6 billion. With this acquisition, Nestle is expanding its capabilities in science-based nutritional solutions.

 

North America is anticipated to witness significant growth in the global food allergy and intolerance products market during the forecast period, owing to rising incidences of lactose intolerance and growing consumer preference towards gluten-free and dairy-free food items.

 

Key players active in the global food allergy and intolerance products market are Danone SA, Conagra Brands Inc., General Mills Inc., ALS Limited, Eurofins Scientific, Agilent Technologies, Inc., R J Hill Laboratories Limited, AsureQuality, Hain Celestial, Romer Labs Division Holding GmbH, Bureau Veritas, Element Materials Technology, SGS SA, Mérieux NutriSciences, Healthy Stuff Online Limited, TÜV SÜD, and NEOGEN Corporation.