Asia-Pacific Food Intolerance Product Market

Asia-Pacific Food Intolerance Product Market Research Analysis:

Asia-Pacific Food Intolerance Product Market was estimated at USD xx.x million in 2019 and is anticipated to reach over USD xx.xx million by the end of the assessment period with a considerable CAGR throughout the outlook period (2022 - 2027).

Food intolerance is a situation that involves delayed reaction to a food additive that affects one or more body organs and systems but often refers to reactions other than Food Allergy. Gluten-free and lactose-free diabetic foods are recommended to overcome food intolerance due to cases related to their higher consumption. Celiac patients consume mostly gluten-free foods because they cannot digest the gluten found in barley, wheat, and other similar grains. Lactose intolerant people prefer lactose-free foods because they lack the enzyme necessary for the digestion of milk sugar.

Recent Developments:

1. In October 2019, Nestlé Health Science (NHSc) announced its funding in Before Brands, a leader in infant allergy prevention. With its significant minority stake, NHSc has acquired exclusive license rights for Before Brands products outside of the United States and also has the option to purchase any remaining shares in Before Brands in the future.
2. WhiteWave Foods' acquisition of SO Delicious Dairy Free for $ 195 million is a smart move for the company and enables it to establish its leadership position in plant-based foods. Furthermore, it is strongly present in alternatives to non-dairy milk: it is the first company in the world with a value share of 13% in 2013, mainly thanks to its Silk and Alpro brands.
3. In July 2017, Otsuka Pharmaceutical Co., Ltd. announced that it has signed a definitive agreement to acquire all the issued and outstanding shares of Daiya Foods Inc.
4. In February 2016, Abbott Laboratories launched Curate snack bars, a new brand of gluten-free bars based on ingredients not derived from bioengineering.

Market Drivers and Restraints:

The demand for gluten-free foods is increasing worldwide, due to increased gluten allergies and celiac disease, a disorder that causes inflammation of the small intestine and high gluten intolerance. The global prevalence of celiac disease as reported in the clinical practice journal of the American Association of Gastroenterology was 1.4% with celiac prevalence values ​​of 0.4% in South America, 0.6% in Africa and North America, 0.5% in Asia and 0.79% in Europe. Significant and notable developments in ingredient formulations should also give new impetus to gluten-free labeling claims. Furthermore, the additional health claims associated with gluten-free products, such as cholesterol control and digestion control, have generated increased consumer interest, which has ultimately resulted in increased sales.

Market Segmentation:

Asia-pacific Food Intolerance Product Market can be segmented by Type and region.

Depending on the Type:

1. Lactose-Free Foods
2. Gluten-free Foods
3. Diabetic Foods
4. Other Special Milk Preparations

These are further classified as diabetic food in diabetic confectionery and diabetic bakery products and diabetic spread; gluten-free foods in gluten-free prepared foods, gluten-free pastries, gluten-free baby foods, gluten-free baked goods, and lactose-free foods in lactose-free baby food, lactose-free ice creams, and lactose-free dairy products.

Impact of COVID-19 on Asia-pacific Food Intolerance Product Market

The Covid-19 pandemic had a great impact on economies of several nations around the world, impacting all the end-user verticals. The food & beverage sector is among the most infected areas with this pandemic and the same effect is visible on associated industries like food intolerance products. Although the revenue in the business has seen a decline during the lockdown period, the market is anticipated to expand once the situation is normal due to the increasing cases of gluten-free and celiac disease across the globe. The developed nations are increasingly offering related products, acting as a growth promoter for this industry.

Regional Analysis

The Asia-Pacific Food Intolerance Product market has been divided into the nations of China, Taiwan, South Korea, India, Japan, Australia, and New Zealand, and the rest of the Asia-Pacific. The Asia-Pacific is supposed to experience exponential growth over the outlook period. The number of people suffering from food intolerance has increased considerably in recent years. Food intolerances are now extremely common and appear to be on the rise. In fact, it is estimated that up to 20% of the world population can suffer from food intolerance. This will quickly boost the global market for food intolerance products. Food intolerances make the food difficult to diagnose due to its wide range of symptoms.

Leading Company

Nestle S.A. had the largest portion of the Asia-Pacific Food Intolerance Product Market in terms of sales and revenue in 2019.

Key Players

1. Kellogg Company
2. Nestle S.A
3. Boulder Brands, Inc
4. Fifty 50 Foods Corporation
5. Danone S.A
6. Mead Johnson Nutrition Company
7. Dr. Schr AG / SPA
8. Kraft Heinz Company
9. Abbott Laboratories
10. General Mills