Food Allergy Market is on the Rise

The global food allergy market is expected to grow at an approximate CAGR of 6.6% during the forecast period of 2018-2023.

The Americas holds the largest share of the global food allergy market owing to the increasing prevalence of food allergy, the presence of a well-developed healthcare sector, and huge health care expenditures within the region.

Europe stands second in the market due to the availability of funds for research followed by a huge patient population and strict food regulation standards. On a regional basis, Europe is segmented into Western Europe and Eastern Europe. Western Europe leads the regional food allergy market while Eastern Europe is estimated to be the fastest growing region.

Asia Pacific stands third in the global food allergy market and is projected to be the fastest growing region. The presence of developing economies, rising patient population, and increasing government efforts for a labeling-compliance drive the market within the region.

The Middle East and Africa holds the least share in the global food allergy market owing to the presence of weak economies, lack of awareness, and poor availability of healthcare services, especially within the African region.

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