Food Allergy Diagnosis & Treatment Industry Manufacturers Analysis and Market Overview Report to 2027
The food allergy diagnosis & treatment market is estimated
to be valued at USD 18,083.2 million by 2023 and expected to grow at a CAGR of
3.14% during the forecast period. Among food source, the seafood segment
accounted for the largest market share. However, milk food source segment has
been projected to grow at the highest CAGR on account of increasing cases of
lactose intolerance in Europe and North America.
In the diagnosis segment, secondary diagnosis steps such as
Polymerase Chain Reaction (PCR), Enzyme-linked ImmunoSorbent Assay (ELISA), and
others are expected to garner larger market share in comparison to primary
diagnosis steps which includes skin prick test, blood test, food elimination
diet test, and others. The major factor responsible for the market growth is
the growing awareness regarding food-borne allergies and their expensive
screening costs.
Food
Allergy Diagnosis and Treatment Market Trends
Segment analysis
The global food allergy diagnosis & treatment market has
been segmented on the basis of food source, diagnosis, treatment, end-use, and
region. On the basis of food source, the market has been divided into eggs,
milk, peanuts, seafood, tree nuts, wheat, soy, and others. The adverse effects
of egg allergy can vary from hives or rashes to a severe allergic reaction known
as anaphylaxis. Milk allergy is most common in infants and children; however,
it can develop at any age. Peanuts are the most common cause of food allergy.
Tree nuts include almonds, walnuts, hazelnuts, pine nuts, pecans, and lychee
nuts, among others. Wheat allergy is an allergic reaction caused by the
consumption of wheat and food containing wheat. Soy allergy mainly starts in
infancy with reaction to soy-based infant formula. Milk segment is projected to
grow at the highest CAGR of 3.87% during the forecast period.
Based on diagnosis, the global food allergy diagnosis &
treatment market is segmented into primary and secondary. The primary segment
includes—skin prick test, blood test, food elimination diet test, and others.
This segment is expected to grow at a CAGR of 3.40% over the forecast period.
Regional Analysis
Geographically, the global food allergy diagnosis &
treatment market is segmented into Asia-Pacific, Europe, Americas, and the
Middle East & Africa. As per MRFR analysis, Americas dominated the market,
accounted for the largest share of the market in 2018, and expected to grow at
a CAGR of 2.93%. Americas market is followed by Europe, which is accounting for
the second largest number of shares in the global food allergy diagnosis &
treatment market, as of 2018. Europe is estimated to reach USD 6,826.4 million
by the end of 2023. Asia-Pacific is expected to have the largest market share
during the forecast period and is also expected to grow with the highest CAGR
of 4.56%, in 2018.
This research report provides insights into various levels of
analyses such as industry analysis, market share analysis leading market
players and their profiles. This report also helps in studying the target
segments by providing views on emerging & high-growth segments and market
conclusion. Together the market data comprise and discuss with the basic
assessments on the competitive scenarios & strategies, of the Global Food
Allergy Diagnosis & Treatment Market, including the high-growth regions and
their political, economic and technological environments. Furthermore, the
project report also provides the views over the historical market values as
well as, pricing and cost analysis of the same.
Complete Report Details @ https://www.marketresearchfuture.com/reports/food-allergy-diagnosis-treatment-market-7562
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