Allergen Free Food Market to Witness Huge Growth at a CAGR of 9.0% During Forecast Period 2030

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Allergen Free Food Market to Drive Huge Growth
With Massive CAGR 9.0 Till 2030 FMI Report

• June 2020

Report Id REP-GB-11688 Published On
REP-GB-11688 Category Food and Beverages
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Allergen Free Food Market Analysis
Increasing levels of food insecurity, and higher
costs of food ingredients during the COVID-19
pandemic is having a substantial impact on the
global allergen free food market. To address
these concerns, governments have increased the
flexibility of their food and nutrition service
programs, which is aimed particularly towards the
low income group. The worldwide allergen free
food market is expected to cross a US 75.67 Bn
valuation during the assessment period between
2020 and 2030. On the other hand, regional
lockdowns, major disruptions of supply chains,
and rampant stockpiling behavior by consumers are
key factors that will impact market players in
the months to come, as the world continues to
struggle with the coronavirus crisis. "Rising
levels of health awareness among consumers and
medical advances associated with human immune
system is increasing the demand for allergen free
foods. With the inaccurate perception of food
safety, allergen free foods are witnessing
unprecedented demand from consumers. This creates
undue pressure on manufacturers and retailers in
terms of inventories and supply chains. Demand is
likely to stay strong even after the outbreak
subsides," states the FMI analyst.
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Allergen Free Food Market Analysis
Allergen Free Food Market- Critical
Takeaways Dairy and gluten free foods remain
highly sought after, contributing substantially
to market revenue, owing to widespread prevalence
of lactose intolerance and celiac
disease. Processed food and milk product
manufacturers are generating major remunerative
opportunities in the industry, with the growing
popularity of convenience foods. Conventional
allergen free foods account for most sales, owing
to lower costs. However, health awareness among
consumers is generating demand for organic
variants. North America and Europe are leading
producers and consumers of allergen free foods.
However, Asia Pacific will gain ground with
evolution in consumer preferences. Allergen Free
Food Market- Drivers Rapid advances in medicine
with regards to allergies and immune responses
generates opportunities in the development of
allergen free food products. Consumer awareness,
particularly about diary and gluten allergies,
and growth in disposable incomes supports market
growth. Strong consumer bias towards clean label
practices is also contributing to allergen free
food market growth. Strict government regulations
associated with ingredients and food safety
support quality standards in the market.
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Allergen Free Food Market Analysis
Allergen Free Food Market- Restraints Higher
costs of allergen free foods in comparison to
conventional variants is set to hold back
sales. Lack of awareness about allergies and
associated health conditions in developing
economies of Asia and Africa will hold back
market growth. COVID-19 Impact on Allergen Free
Food Market With the coronavirus pandemic,
consumers have focused their efforts towards
stockpiling grocery staples in amounts that are
substantially larger than the norm. With
inadequate supplies of conventional foods and
disruptions in supply chains, allergen free foods
have also been impacted by the changes in
consumer behavior. Online distribution channels
and delivery services have gained massive
importance during the crisis. In addition,
manufacturers have substantially increased their
production capacities, and have ramped up
delivery schedules with the help of government
policies, which designate these businesses as
essential. Demand for allergen free foods will
dip gradually post the outbreak to reach
pre-coronavirus levels in 2021.
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Allergen Free Food Market Analysis
Competitive Landscape Manufacturers in the
partially fragmented allergen free food market
are pushing for the development of new products,
which in addition to being allergen free, are
also nutritionally balanced. For instance,
Cadbury has announced plans to release a dairy,
and gluten-free vegan variant of Dairy Milk
chocolate. Similarly, Nestle has acquired a stake
in Before Brands to bolster allergen free food
product porfolio. General Mills, Dr. Schar
AG/SpA, Cadbury, Conagra Brands Inc., Mondelez
International, Nestle, and Danone S.A. are some
of the leading allergen free food
producers. Press Release Source
https//www.accesswire.com/594185/Evaluating-the-C
oronavirus-Impact-Disruptions-in-Supply-Chains-and
-Stockpiling-by-Consumers-Generate-Allergen-Free-F
ood-Shortages--Future-Market-Insights
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