According to industry analysts, the global market for products related to food allergies and intolerances is expected to reach $26.5 billion in the next five years. Global Industry Analysts, a market research company, recently released the report, titled “Food Allergy and Intolerance Products: A Global Strategic Business Report.” According to the new market research report, the United States is the largest market for such products globally.
Driven by the skyrocketing number of people affected by food sensitivities around the globe, as well as increasing consumer preference for gluten-free, wheat-free, and other allergen-free diets. GIA also notes that improved regulations for allergen labeling, medical advancements in the diagnosis of food allergies, and the launch of innovative products and appetizing allergen-free foods will also fuel the market.
According to theSan Francisco Chronicle,the food allergy products market has substantial growth potential. Despite the recession, the market continued to grow at a steady pace. Over the past decades, the industry has evolved, joining the mainstream food business. Today, allergy-friendly foods are no longer found only in health food stores; they are now available in supermarkets and restaurants. Now, most grocery stores offer ‘free-from’ products, such as dairy-free, lactose-free, and gluten-free foods.