Dublin, Aug. 09, 2021 (GLOBE NEWSWIRE) -- The "Food Allergy and Intolerance Products - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Food Allergy and Intolerance Products Market to Reach $32 Billion by 2027
Amid the COVID-19 crisis, the global market for Food Allergy and Intolerance Products estimated at US$22.4 Billion in the year 2020, is projected to reach a revised size of US$32 Billion by 2027, growing at a CAGR of 5.2% over the analysis period 2020-2027.
Lactose-Free, one of the segments analyzed in the report, is projected to record a 4.6% CAGR and reach US$15.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Gluten-Free segment is readjusted to a revised 5.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $6.6 Billion, While China is Forecast to Grow at 4.9% CAGR
The Food Allergy and Intolerance Products market in the U.S. is estimated at US$6.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.7 Billion by the year 2027 trailing a CAGR of 4.9% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.9% and 4.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.
Other Product Segments Segment to Record 6.2% CAGR
In the global Other Product Segments segment, USA, Canada, Japan, China and Europe will drive the 6.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$5 Billion in the year 2020 will reach a projected size of US$7.6 Billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.7 Billion by the year 2027.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Food Allergy and Intolerance Products - Essential for People Suffering from Food Allergies, Sensitivities and Intolerances
- Prevalence of Food Allergy - A Statistical Insight
- Recent Market Activity
- Food Allergy and Intolerance Products Positioned for Strong Growth
- 'Free From' Foods - A Transformative Trend in the Food Industry
- Competitive Landscape
- Competition in the Gluten-Free Products Market
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
- Alpro UK Ltd. (UK)
- Amy's Kitchen, Inc. (USA)
- Barry Callebaut Group (Switzerland)
- Daiya Foods, Inc. (Canada)
- Doves Farm Foods Ltd. (UK)
- Dr. Schar (Italy)
- Dr Schar UK Ltd (UK)
- Ener-G Foods, Inc. (USA)
- Enjoy Life Foods (USA)
- Galaxy Nutritional Foods, Inc. (USA)
- General Mills, Inc. (USA)
- Gluten Free Foods Ltd. (UK)
- Glutino Food Group (Canada)
- Green Valley Organics (USA)
- Kellogg Company (USA)
- Nature's Path Foods, Inc. (USA)
- Pamela's Products, Inc. (USA)
- Semper AB (Sweden)
- Sweet William Pty., Ltd. (Australia)
- The Hain Celestial Group, Inc. (USA)
- The Kraft Heinz Company (USA)
3. MARKET TRENDS & DRIVERS
- Lactose-free Products: Rising Incidence of Lactose Intolerance and Sensitivity Fuels Growth
- Lactose-free Dairy Products Grab Major Share of Lactose-free Products Market
- Gluten-free Products Market: Addressing the Needs of Gluten Sensitive Individuals
- Developed Regions Lead, Developing Economies to Spearhead Future Growth
- Rising Incidence of Celiac Disease Spurs Opportunities for Gluten-Free Products
- Health Conscious Consumers - Key Demand Drivers of Gluten-Free Products
- Growing Demand for Gluten Free Foods among Millennials
- Gluten-Free Trend Gains Prominence in Bakery Products Market
- Gluten-free Beverages Market - Health Advantages Spur Growth
- Gluten-free Snacks: Growing in Popularity
- Taste Remains Key to Success
- Grocery Stores - The Most Common Distribution Channel for Gluten Free Products
- Allergen-Free Snacks - A Vibrant Category
- Egg-Free Products - A Niche Segment with Promising Growth Potential
- Celebrity Endorsements Lift Popularity Levels
- Product Labeling - Crucial to Food Allergy and Intolerance Products
- Broader Availability of Products Encourage Market Growth
- Retail Scenario
- Favorable Demographic and Economic Trends Signals Market Growth Opportunities
- Ballooning Global Population
- Growing Middle Class Population
- Expanding Urban Population
- Rise in Disposable Incomes
- Regulatory Environment
4. GLOBAL MARKET PERSPECTIVE
IV. COMPETITION
- Total Companies Profiled: 153
For more information about this report visit https://www.researchandmarkets.com/r/dd6kw9
