What Has Been The Evolution of the Food Allergy Treatment Market in Recent Years?
The food allergy treatment market has seen considerable growth due to a variety of factors.
• The food allergy treatment market has seen rapid growth recently. It will grow from $6.82 billion in 2024 to $7.67 billion in 2025, with a compound annual growth rate (CAGR) of 12.5%.
This growth can be attributed to the increasing prevalence of food allergies, rising regulatory approvals, the development of emergency treatments, and greater investments in modern treatment technologies.
What Are the Future Growth Projections for the Food Allergy Treatment Market?
The food allergy treatment market is expected to maintain its strong growth trajectory in upcoming years.
• The food allergy treatment market is set to grow rapidly, reaching $12.14 billion by 2029 at a CAGR of 12.2%.
This growth is driven by an aging population, increased diagnoses of food allergies, rising healthcare spending, a rise in asthma cases, and the increasing prevalence of food allergies. Major trends include technological advancements in treatment, improvements in medical technology and diagnostics, the rise of mobile apps and telemedicine, more research and development activities, and a surge in drug approvals.
What Are The Core Factors Supporting Growth In The Food Allergy Treatment Market?
The food allergy treatment market is driven by increasing food adulteration, where harmful or unauthorized substances are added to food products to improve appearance or increase quantity. Food adulteration increases the risk of allergic reactions. Europol's 2022 report revealed the seizure of nearly 27,000 tons of counterfeit food during Operation OPSON XI. As food adulteration grows, so does the need for food allergy treatments.
What Are The Major Segments Within The Global Food Allergy Treatment Market?
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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What Trends Are Shaping The Food Allergy Treatment Market?
Companies in the food allergy treatment market are advancing monoclonal antibody therapies to address the root causes of food allergies. Novartis AG received FDA approval in February 2024 for Xolair (omalizumab), a monoclonal antibody therapy to reduce IgE-mediated food allergies, offering better tolerance to allergens like peanuts, milk, eggs, and cashews, based on positive clinical trial results.
Who Are the Key Players In The Food Allergy Treatment Market?
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
What Is The Most Dominant Region In 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.
