Food Allergy and Intolerance Products Market - Global Scenario, Trends, Industry Analysis, Size, Share and Forecast 2016 - 2024
Albany, NY -- (SBWIRE) -- 08/16/2018 -- The worldwide market for food allergy and intolerance products market is promoted by the surging advancements in the examination of allergies. Food allergy and intolerance products consist of diabetic foods, lactose-free foods, gluten-free foods, and other special milk formula. Rise in the consumption of wheat-free and gluten-free diets have pumped up the growth rate of the market. Gluten-free food is generally taken by celiac patients as they are unable to digest gluten present in barely, wheat, and other similar grains.
Advent of attractive and innovative products accompanied with enhanced labelling regulation is expected to increase the uptake of the market. These days, one can easily get food allergy and intolerance products such as ready-to-eat meals, baby food, pasta, spreads and bakery items, ice creams, dairy product in supermarkets, restaurants, supermarkets, and in bakeries all across the world. This has further attributed to the growth of the market.
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The global market for food allergy and intolerance products has been witnessing significant growth of late owing primarily to the alarming rise in the number of food allergies and sensitivities around the globe, particularly in the U.S. The Centers for Disease Control and Prevention (CDC) states that four out of every 100 children in the U.S. have a food allergy. In 2007, an estimated 3 mn children below the age of 18 were reported to have a food allergy in the previous 12 months and in the decade leading up to 2007, the prevalence of reported food allergies rose a massive 18%.
The global food allergy and intolerance products market is classified on the basis of geography and type. Based on type the market is segregated into lactose-free food, other special milk formula, and gluten-free food. Rise in the consumption of lactose-free products because of the rise in dominance of lactose-intolerance throughout the world, have accounted for a major share in the growth of the market. On the other hand, diabetic foods are expected to attract players in the global food allergy and intolerance products market because of the rise in the shift of consumers towards a more healthy and low-sugar products. Surge in diabetes patients all across the globe is pushing the market to grow. Geographically the market is spread across Europe, LAMEA, Asia Pacific, and North America. Amongst these North America, consisting of the U.S is dominating the market. The U.S which is more prevalent of food sensitivities, and allergies is fueling the demand for the market.
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Various companies are putting efforts to enhance the quality, texture, and taste of the gluten-free products in order to differentiate them from their competitive substitute. Rise in lactose-free products has made companies to concentrate on the advancement of daily-free products. Some of the major players in the market are Livwell Ltd., Amy's Kitchen, Gluten Totally Free Foods Ltd., Semper AB, and Nutrition Point Ltd.