Food Allergy Treatment Market Growth and Trends: Key Insights into Market Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
How Are Key Drivers Contributing to the Growth and Expansion of the Food Allergy Treatment Market?
The escalating prevalence of food tampering is anticipated to stimulate the expansion of the food allergy treatment market. Food tampering refers to the wilful act of sabotaging food items through the addition of inferior, harmful, or unapproved substances, or the removal of valuable components aimed at expanding quantity or improving aesthetics, often at the cost of safety and quality. The surge in food contamination is linked to several factors including profit-seeking motives, intricate supply chains, inadequate regulations, advancing technology, convenience demand, globalisation, environmental conditions, public awareness, bearish profit margins, and weak regulatory law enforcement. The growth in food tampering is predominantly driven by the escalating demand for cost-effective products, which encourages manufacturers to curb expenses and amplify earnings through immoral means. Food tampering heightens the possibility of allergic reactions either by incorporating allergenic substances into foodstuffs or by jeopardising food supply’s safety and integrity. For instance, in November 2022, Europol, a Dutch government agency, declared that during Operation OPSON XI, under Europol’s coordination, agencies from 26 countries seized roughly 27,000 tonnes of counterfeit food and 15 million liters of alcoholic beverages between December 2021 and May 2022. Hence, the increasing trend in food tampering propels the food allergy treatment market’s growth.
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#What is the Anticipated CAGR of theFood Allergy Treatment Market, and What Factors Will Drive It?
In recent times, the food allergy treatment market has seen a notable increase in size. The market, which was worth $6.82 billion in 2024, is expected to further develop to $7.67 billion in 2025 with a compound annual growth rate (CAGR) of 12.5%. Factors such as the growing frequency of food allergies, a surge in regulatory approvals, advancement in emergency care, and increased funding in cutting-edge technologies have all contributed to the significant growth rate witnessed in the historic period.
In the upcoming years, it’s anticipated that there will be a remarkable surge in the food allergy treatment market, which is projected to reach $12.14 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 12.2%. This escalation during the forecast period is accountable to several factors like the expanding elderly populace, surge in recognition of food allergies, climbing healthcare expenses, rising asthma cases, and increasing incidents of food allergies. Some significant trends projected in the time frame are an escalation in innovation and technological advancements, enhancements in medical technology and diagnostic methods, a rise in the use of mobile apps and telemedicine services, more research and development initiatives, and a significant increase in drug approvals and launches.
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What New Market Trends Are Reshaping theFood Allergy Treatment Market and Its Opportunities?
Leading firms in the food allergy treatment market are pioneering new therapies, such as monoclonal antibodies, to tackle the root causes of food allergies and offer more effective patient solutions. Monoclonal antibodies are an emerging strategy for treating food allergies, achieving this by specifically addressing key aspects of the immune system involved in allergies, thereby delivering more precise and fruitful treatments for patients. For example, Novartis AG, a pharmaceutical company based in Switzerland, got approval from the FDA in February 2024 for their product Xolair (omalizumab) to diminish IgE-mediated food allergies. This humanized monoclonal antibody, given subcutaneously, operates by preventing the bonding of IgE antibodies, in turn, reducing the release of chemicals that cause allergy symptoms. The FDA approval has its foundation on encouraging data received from the Phase III OUtMATCH study, indicating that a notably larger percentage of food allergy patients as young as one year who were treated with Xolair were able to consume small quantities of peanut, milk, egg, and cashews without experiencing allergic reactions compared to those taking placebo.
Who Are the Leading Market Players Fueling Growth in the Food Allergy Treatment Market Trend?
Major companies operating in the food allergy treatment market are Pfizer Inc., F. Hoffmann-La Roche Ltd., Merck & Co. Inc., Bayer AG, Sanofi S.A., AstraZeneca PLC, Novartis AG, Amgen Inc., Regeneron Pharmaceuticals Inc., Parexel International (MA) Corporation, Nestle Health Science, ALK-Abelló A/S, Stallergenes Greer, Kaleo Inc., HAL Allergy B.V., Vedanta Biosciences Inc., Aimmune Therapeutics, AnaptysBio Inc., Immunomic Therapeutics Inc., Alladapt Immunotherapeutics Inc., Aravax, Prota Therapeutics Pty Ltd., DBV Technologies, Adamis Pharmaceuticals Corporation
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How is the Global Food Allergy Treatment Market Segemented?
The food allergy treatment market covered in this report is segmented –
1) By Drug Type: Antihistamines, Decongestants, Corticosteroids, Mast Cell Stabilizers, Leukotriene Inhibitors, Nasal Anti-Cholinergic, Immuno-Modulators, Epinephrine, Immunotherapy
2) By Route Of Administration: Parenteral, Oral
3) By Allergen Type: Dairy Products, Poultry Product, Tree Nuts, Peanuts, Shellfish, Wheat, Soys, Other Allergens
4) By End-Use: Hospital Pharmacies, Retail Pharmacies, Other End-Uses
Subsegments:
1) By Antihistamines: Oral Antihistamines, Topical Antihistamines, Intranasal Antihistamines
2) By Decongestants: Oral Decongestants, Nasal Decongestants
3) By Corticosteroids: Oral Corticosteroids, Topical Corticosteroids, Intranasal Corticosteroids
4) By Mast Cell Stabilizers: Cromolyn Sodium, Nedocromil
5) By Leukotriene Inhibitors: Montelukast, Zafirlukast
6) By Nasal Anti-Cholinergic: Ipratropium Bromide
7) By Immuno-Modulators: Omalizumab, Dupilumab
8) By Epinephrine: Injectable Epinephrine, Auto-Injectors
9) By Immunotherapy: Oral Immunotherapy (OIT), Sublingual Immunotherapy (SLIT), Epicutaneous Immunotherapy (EPIT)
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Which Geographics are Influencing the Growth of the Food Allergy Treatment Market?
North America was the largest region in the food allergy treatment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food allergy treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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