Food Allergy and Intolerance Products Market: Description
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%.
Food allergy and intolerance products include gluten-free foods, diabetic foods, lactose-free foods, and other special milk formula. Gluten-free foods comprise bakery products, ready-to-eat meals, pasta, and baby food; diabetic foods include confectionery, bakery items, and spreads; lactose-free foods include ice creams, dairy products, and baby food. Geographically, the food allergy and intolerance products market comprises North America, Europe, Asia Pacific, and Rest of the World.
The research report identifies the leading product and geographical segments in the global food allergy and intolerance products market. It also follows the various trends impacting these segments and the dynamics of the overall market. The key social, geographical, and economic factors driving and restricting the growth of the food allergy and intolerance products market have been highlighted and discussed at length. A detailed assessment of the vendor landscape also forms an integral part of the research report.
Overview of the Food Allergy and Intolerance Products Market
The global market for food allergy and intolerance products market is fueled by the growing advancements in the diagnosis of allergies, the rising preference and demand for gluten-free and wheat-free diets, the launch of innovative and attractive products, and improved labelling regulations. The easy availability of food allergy and intolerance products in large multi-retail outlets, supermarkets, and even restaurants of late, has also propelled the global market.
Lactose-free food products have been enjoying a prominent share in the global market owing to the rising prevalence of lactose-intolerance. Diabetic foods are likely to present immensely lucrative options for players operating in this market owing to a significant change in food trends toward healthy and low-sugar variants and a surge in the number of diabetic patients around the world.
The U.S. is one of the leading markets for food allergy and intolerance products in the world, making North America the dominant regional market for the same. The high prevalence of food allergies and sensitivities in the country and the region is one of the main factors driving the demand for these food products.
The significant rise in demand for lactose-free products has driven companies in the food allergy and intolerance products market to focus on the development of dairy-free products. Companies are also making efforts to improve the taste, quality, and texture of their gluten-free products in order to differentiate them from available competitive offerings. New product launches have also become a go-to strategy among players in the food allergy and intolerance products market so as to gain a competitive edge.
Key Players Mentioned in the Report
Gluten Totally Free Foods Ltd., Livwell Ltd., Alpro UK Ltd., Pamela’s Products, Amy’s Kitchen, Nutrition Point Ltd., Enjoy Life Natural Brands LLC, Dr. Schar, Semper AB, Glutino Food Group, and General Mills are some of the leading players operating in the global food allergy and intolerance products market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.