By 2027, the global market for food allergy and intolerance products is expected to reach $32 billion.
Despite the COVID-19 dilemma, the global Food Allergy and Intolerance Products Market is expected to expand at a CAGR of 5.2 percent from 2020 to 2027, from an estimated US$22.4 billion in 2020 to a revised US$32 billion by 2027.
One of the report's sectors, lactose-free, is expected to grow at a 4.6 percent CAGR and reach US$15.1 billion by the conclusion of the analysis period. Following an early assessment of the pandemic's commercial effects and the resulting economic crisis, the Gluten-Free segment's growth is revised to a revised 5.5 percent CAGR for the following seven years.
During the years 2021-2026, the global market for food intolerance products is predicted to increase rapidly. Food intolerance is a gastrointestinal reaction defined by an inability to digest certain foods. It's a non-allergic food sensitivity brought on by lactose, sugar, and gluten-containing foods. Individuals who have this inclination usually manage it by eating gluten- and lactose-free specific food intolerance products.
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