Food allergy market size to grow CAGR of 6.6%

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FOOD ALLERGY MARKET 2018
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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FOOD ALLERGY MARKET 2018
Food Allergy Market 2018 Industry Survey,
Growth, CompetitiveLandscape and Forecasts to
2023
Food allergy is characterized as an immune
reaction which may be developed by the intake of
a food allergen. It is reported that
food-allergens may trigger signs and symptoms of
digestive problems, hives, or swollen airways,
besides others. In some people, food allergy may
even result in a life-threatening reaction
including anaphylaxis. The increasing prevalence
of food allergy and growing adoption of
labeling-compliance are expected to be the major
drivers for the market growth during the forecast
period. According to the Australasian Society of
Clinical Immunology and Allergy in 2016, food
allergy was reported in approximately 1 in 20
children and about 2 in 100 adults. Moreover, the
growing pediatric population, the increasing
prevalence of asthma, the rising healthcare
expenditure, implementation of stringent food
safety regulations, and others boost the market
growth. According to the U.S. Census Bureau, the
pediatric population is estimated to increase
from 73.6 million in 2015 to 75.0 million by
2025. Moreover, according to the Food Standards
Agency from 2015 to 2016, the total number of
enforcement actions for food hygiene and food
standards was estimated to increase from 181,877
in 2015 to 191,719 in 2016.
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FOOD ALLERGY MARKET 2018

• Intended Audience
• Food Companies
• Biotechnological Institutes
• Government Private Laboratories
• Research and Development (RD) Companies
• Medical Research Laboratories
• Market Research and Consulting Service Providers
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FOOD ALLERGY MARKET 2018
Regional Analysis
The Americas dominates the global food allergy
market. Factors such as the increasing prevalence
of food allergy, the presence of a well-developed
healthcare sector, and huge healthcare
expenditures drive the market within the region.
Moreover, the presence of key players such as
Thermo Fisher Scientific Inc., Microbac
Laboratories Inc., and others within the region
fuel the regional market growth. Europe stands
second in the global food allergy market due to
the availability of funds for research followed
by a huge patient population and strict food
regulation standards. According to the Food
Standards Agency in 2016, it was estimated that
approximately, 2 million people in the U.K.
suffer from allergies, accounting for 2 of the
adults and 8 of the children. On a regional
basis, Europe is segmented into Western Europe
and Eastern Europe. Western Europe leads the
regional food allergy market due to the presence
of developed economies such as France, Italy,
Germany, and others within the region.
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FOOD ALLERGY MARKET 2018
Application Major Players in this Research

• Food Allergy Market Prominent Players
• SGS S.A. (Switzerland),
• Intertek Group plc (U.K.),
• TUV SUD Psb Pte. Ltd. (Germany),
• ALS Limited (Australia),
• Eurofins Scientific

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