Food Allergy Market Opportunities, Challenges, and Global Growth Forecast Through 2024-2031 - Astellas Pharma, Inc., Aimmune Therapeutics, Meridian Medical Technologies.

The Food Allergy Market study by DataM Intelligence offer an in-depth analysis of the market, presenting insightful observations, statistics, historical data, and industry-validated market insights. The report delves into the competitive positioning of key companies, examining factors such as product offerings, pricing strategies, financial health, product portfolios, growth initiatives, and geographical reach.

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What is the projected growth rate (CAGR) of the Global Food Allergy market from 2024 to 2031, and what is the market value expected to change by 2031?

Global Food Allergy Market reached US$ 40.16 billion in 2023 and is expected to reach US$ 60.19 billion by 2031, growing with a CAGR of 5.19% during the forecast period 2024-2031.

Food allergy is a hypersensitivity reaction by the immune system to a specific protein in food. The body mistakenly identifies the protein as harmful, leading to symptoms like hives, swelling, or even severe anaphylaxis. Common food allergens include peanuts, tree nuts, shellfish, and dairy. It affects both children and adults and requires strict avoidance of allergenic foods. In some cases, individuals may need to carry an epinephrine auto-injector in case of emergency.

Key Developments:

❁ In March 2024, Gold Standard Diagnostics launched the first product in its new allergy PowerLine tests series: the SENSIStrip Gluten PowerLine Lateral Flow Device. This advanced device uses a highly sensitive detection technology that leverages a monoclonal antibody to accurately identify gluten residues. It can be used to test food matrices, rinse water, and swabs, ensuring food safety and preventing cross-contamination for individuals with gluten sensitivities. The SENSIStrip offers quick and reliable results, enhancing food quality control and allergen management. This innovation is set to improve the efficiency of gluten detection in various environments.

List of the Key Players in the Food Allergy Market:

Astellas Pharma, Inc., Aimmune Therapeutics, Meridian Medical Technologies, ALK-Abelló Ltd, Medeca Pharma AB, bioMeriux SA, Omega Diagnostics Group PLC, HYCOR Biomedical, HOB Biotech Group Corp Ltd. and Cambridge Allergy Ltd.

Research Process:

Both primary and secondary data sources have been used in the global Food Allergy Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Food Allergy Market:

Food Source: Dairy Products, Poultry Products, Peanuts, Shellfish, Wheat, Others.
Diagnosis: Instruments, Consumables, Services, Tests, In Vivo/Skin, In Vitro, Others.
Treatment: Epinephrine, Antihistamines, Oral Immunotherapy, Others.
Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy.

Regional Breakout:

The global Food Allergy Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

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Regional Analysis:

The global Food Allergy Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Food Allergy Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

⏩ Market Overview: It contains chapter wise data, as well as information about the research scope, major manufacturers covered, market segments, Food Allergy market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Food Allergy Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Food Allergy market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Food Allergy Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently Asked Questions

✹ What is the expected growth rate of the global market for the forecast period?

✹ What are the key driving factors that are responsible to shape the fate of the Food Allergy market during the forecast period?

✹ What will be the overall size of the market during the analysis period?

✹ What are the prominent market trends which influence the development of the Food Allergy market across various regions?

✹ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

✹ What are the challenges and threats that are likely to act as a barrier to the growth of the Food Allergy market?

✹ What are the major opportunities that the companies can get to attain success in the world?

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