Allergen Free Food Market: Global Industry Analysis, Size, Trends, Growth, Trends
Author : Yogesh Sawant | Published On : 03 May 2021
Global Allergen Free Food Market: Overview
From 2019 to 2027, the global allergen free food market will grow at the back of numerous trends and drivers. As per Transparency Market Research, a string of opportunities will result from this growth. Additionally, it is worth noting here that over this period, the market would grow at a notable compound annual growth rate and that will pave way for higher valuation of the market.
Some of the growth factors that are lining the market landscape include growing trend of veganism, increase in number of case of food allergies, growing awareness around the topic of food allergies, and so on. Additionally, it is also worth noting here that active measures taken by top market players will add to this growth.
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Global Allergen Free Food Market: Competitors Landscape
A fragmented vendor landscape, global allergen free food market is quite competitive. It is pertinent to note here that more than 50 known players operate in the market, driving it forward in a major way. The many strategies that they use to maintain and increase their market share, consolidate their position, include a variety of strategies that fall on across a wide spectrum of organic and inorganic.
- Arrowhead Mills
- Birkett Mills
- Earth Balance
- Eden Foods
- Edward & Sons
- Ener-G Foods
- Enjoy Life Foods
- Ian’s Natural Foods
- King Arthur Flour
- Kinnikinnick Foods
- Libre Naturals Inc.
- Namaste Foods
- Pacific Foods
- So Delicious Dairy Free
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Some of the top strategies resorted to are product development, research and development, innovation, partnerships and collaborations, and so on. Prominent players are also looking forward to improving shelf life and bringing in efficiency to processes.
Global Allergen Free Food Market: Key trends and driver
Interplay of various trends and drivers is leading to growth in the global allergen free food market. These factors of growth that are keeping the market buoyant over the forecast period have been identified and explained in the upcoming market report prepared by Transparency Market Research. A synopsis of the same is provided below:
- The world is witnessing demand for healthy foods. Demand for lactose and gluten-free food is increasing owing to growing awareness regarding intolerance and allergic reactions to these. Besides, growing trend of veganism is also contributing to growth.
- Four out of every 100 children in the United States of America show signs of allergic reaction to some food item and this is leading to parents being cautious and looking for healthier alternatives for their child’s welfare. This is set to be a major growth propeller in the market over the forecast period.
Global Allergen Free Food Market: Regional Analysis
As per Transparency Market Research’s upcoming research report on global allergen free food market, the western regions will dominate the charts over the forecast period. One of the reasons behind this dominance is a large number of people having allergies and an ever increasing awareness regarding the same. In the United States of America alone, about 15 million people report allergy from certain food related items. And, it is quite pertinent to note here that 6 million cases here are those reported for children with these allergies. In Europe, the number of people with food allergies is 17 million. In Asia Pacific, increase in takers of veganism, will lead to growth in market for allergen free food.
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