The global Food Allergy Diagnostics & Therapeutics market size is expected to be worth around US$ 4.80 billion by 2028, according to a new report by Vision Research Reports.
The global Food Allergy Diagnostics & Therapeutics market size was valued at US$ 2.71 billion in 2020 and is anticipated to grow at a CAGR of 7.10% during forecast period 2021 to 2028.
The market is expected to grow in the coming years owing to increasing incidence of food allergies coupled with rising demand for products for management of these conditions.
There are more than 160 foods that can lead to allergic reactions; however, only 8 most common allergens have been identified by the FDA. These include eggs, milk, peanuts, soy, tree nuts, wheat, shellfish, and fish. Some of the other allergens are corn, meat, gelatin, seeds, spices, and fruits & vegetables. Based on Food Allergy Research and Education (FARE) 2016 data, around 15 million people in the U.S. have food allergy. Ingestion of any of the common allergens might lead to anaphylaxis, a life-threatening allergic reaction, which might further result in anaphylactic shock. Every year, around 2,000 hospitalizations, 30,000 emergency room visits, and 150 deaths due to anaphylaxis are recorded in the U.S.
However, administering epinephrine using an auto-injector during the early stage of anaphylaxis might help avoid any serious complications. Treatment for food allergy costs around USD 25 billion annually in the U.S. Development of cost-effective in vitro diagnostic tests for detection of allergy is expected to fuel the demand for diagnostic products.
The market is segmented into diagnostics and therapeutics. The therapeutics segment dominated the market in 2020 owing to growing awareness about various treatment modalities for the management of food allergies. This segment is further classified into antihistamines and epinephrine auto-injectors. Antihistamines segment held a significant share in 2020 owing to their wide usage as they act by directly blocking the release of histamine, specifically by binding to the H1 receptors present on glandular cells, smooth muscles, and nerve endings.
Diagnostic products include instruments, consumables, and services. Consumables are expected to exhibit lucrative growth over the forecast period, owing to the availability of various advanced and rapid test kits. For instance, IgG Food Intolerance Screening Test Kit used for the detection of food-specific IgG.
There are two diagnostic test types-in Vivo and in vitro. Rising demand for blood tests has led to the high growth of in vitro testing. Skin prick tests are also used widely to detect food allergies, thereby driving the adoption of in vivo testing in the market.
On the basis of allergen sources, peanut allergen dominated the food allergy diagnostics & therapeutics market in 2018 due to an increase in the prevalence of allergies caused due to peanuts. According to a study published by the American College of Allergy, Asthma, and Immunology (ACAAI) in 2017, peanut allergies in children increased by 21% since 2010. The data further stated that approximately 2.5% of children in the U.S. are allergic to peanuts.
In adults, food allergies occur due to common allergens including shellfish, peanuts, tree nuts, and fish; whereas children are commonly allergic to peanuts, tree nuts, eggs, milk, wheat, or soy. Around 90% of allergies are caused due to milk, soy, wheat, eggs, tree nuts, fish, shellfish, and peanuts.
On the basis of end-use, hospitals & clinics accounted for the largest market share in 2020, owing to an increase in the number of people seeking treatment for allergies. An increasing number of allergic cases requiring hospitalization is also a factor driving the segment. In addition, the growing risk for severe allergic reactions has increased instances of early therapeutic interventions in hospitals and clinics.
Diagnostic laboratories segment is expected to exhibit significant growth over the forecast period due to the extensive application of allergy diagnostic kits in disease diagnosis. Allergists commonly recommend a blood or skin test for food allergy diagnosis in order to assess the presence of food-specific immunoglobulin E antibodies in the body. Moreover, the rising number of diagnostic centers also contributes to the growth of diagnostic laboratories segment.
Europe dominated the market in 2020 due to an increase in the incidence of food allergies. Around 17 million people in Europe reported food allergies. Fourteen allergens were found to be the most common causes of food allergies and intolerance in this region. Increasing awareness about various available treatments for food allergies also drives the market in this region.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to an increase in the number of food allergy cases, especially peanut allergy. This is mainly due to factors such as modernization and change in lifestyle. In addition, the growing population in the region is also driving the regional market.
Allergy Therapeutics; Cambridge Allergy Ltd; Astellas Pharma, Inc.; Immunomic Therapeutics, Inc.; Prota Therapeutics Pty Ltd; Aimmune Therapeutics; Meridian Medical Technologies; ALK-Abelló Ltd; Medeca Pharma AB; bioMérieux SA; Omega Diagnostics Group PLC; HYCOR Biomedical; and HOB Biotech Group Corp., Ltd.
Product Type Outlook
Skin Prick Test
Therapeutic Treatment Type
Allergen Source Outlook
Academic Research Institutes
Hospitals & Clinics
The Food Allergy Diagnostics & Therapeutics market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Food Allergy Diagnostics & Therapeutics market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Food Allergy Diagnostics & Therapeutics market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Food Allergy Diagnostics & Therapeutics market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Food Allergy Diagnostics & Therapeutics market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Food Allergy Diagnostics & Therapeutics capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Food Allergy Diagnostics & Therapeutics by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Food Allergy Diagnostics & Therapeutics market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Food Allergy Diagnostics & Therapeutics market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Food Allergy Diagnostics & Therapeutics market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Food Allergy Diagnostics & Therapeutics industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Food Allergy Diagnostics & Therapeutics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Food Allergy Diagnostics & Therapeutics market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Food Allergy Diagnostics & Therapeutics market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Food Allergy Diagnostics & Therapeutics market. These factors have benefited the growth of the global market for Food Allergy Diagnostics & Therapeutics. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Food Allergy Diagnostics & Therapeutics. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Food Allergy Diagnostics & Therapeutics are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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