Tuesday, January 31, 2023

Corrugated Board Packaging Market is Growing with the CAGR of 5.7% During 2022 to 2029

 The corrugated board packaging market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with the CAGR of 5.7% in the forecast period of 2022 to 2029 and expected to reach 423,036.15 million by 2029.

Growing small and medium-sized corrugated board packaging in the food and beverage packaging industry and increasing preferences for recycled corrugated products in the packaging industry.

In order to fulfill the growing demand for corrugated board packaging products in the building and construction and electronics industry, some companies are expanding their production capacities by entering into acquisition, joint venture and launching products across different regions.

There are several types of corrugated board packaging such as single-phase, single-wall, double wallboard, triple wallboard, and others. Single-phase corrugated board packaging includes a single flute and one or two sheets of the linear board. Single wall corrugated board packaging involves one sheet of the corrugated medium glued and placed in between two sheets of the liner board.

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Double wallboard refers to that type of corrugated board packaging consisting of two layers of the corrugated medium glued between three layers of the liner board. Triple wallboard refers to that type of corrugated board packaging, which is considered the strongest of all kinds of corrugated board packaging as it consists of three layers of the corrugated medium and the four-layer of the liner board.

Corrugated Board Packaging Market Scope and Market Size

Global corrugated board packaging market is segmented into four notable segments which are based on the grade, raw material, style and end-use. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of grade segment, the global corrugated board packaging market is segmented into white-top kraftliner, unbleached kraftliner, white-top testliner, unbleached testliner, waste-based fluting, and semi-chemical fluting. In 2022, the unbleached testliner segment is expected to dominate the market owing to availability in abundance, which maximizes consumption in the global market. The force’s resistance properties maximize application in various areas that drive the unbleached testliner segment in the global market.

Corrugated Board Packaging Market Country Level Analysis

The linerboard segment is expected to grow with the highest growth rate in the forecast period of 2022 to 2029 due to the easy processing techniques, improved efficiencies as well as easier usage. China dominates the Asia Pacific region as China has been the largest producer and consumer of corrugated packaging, which is believed to continue over the forecast period. Booming sales of processed foods and beverages, especially in country, account for the robust growth of the China market.

Germany dominates the Europe region due to growing demand for fresh food & beverages, home & personal products, logistics application, electronic goods, building consumer awareness towards sustainable packaging, and growth of the e-commerce industry have led to a regular progression in the corrugated packaging demand in Germany. U.S. dominates the North America region due to the growing awareness among consumers regarding the usage of environment-friendly products is expected to drive the demand for the corrugated board packaging market in U.S. over the forecast period.

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Competitive Landscape and Corrugated Board Packaging Market Share Analysis

Some of the major players operating in the corrugated board packaging market are:

International Paper, Mondi, Smurfit Kappa, Cascades Inc., WestRock Company, Oji Holdings Corporation, Packaging Corporation of America, Sealed Air, Rengo Co., Ltd., DS Smith, NIPPON PAPER INDUSTRIES CO., LTD., NEFAB GROUP, Neway Packaging, Georgia-Pacific, Arabian Packaging Co LLC, Wertheimer Box Corp., Klabin S.A., Klingele Papierwerke GmbH & Co. KG, B Smith Packaging Ltd, and Jonsac AB among others.

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Cement Packaging Market is Expected to Witness Indsutry Growth at a CAGR of 3.9% During 2022 to 2029

 The cement packaging market is expected to witness market growth at a CAGR of 3.9% in the forecast period of 2022 to 2029. Data Bridge Market Research report on cement packaging market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the requirement of sustainable solutions of cement packaging bags is escalating the growth of cement packaging market.

Cement packaging is referred to a vital factor for any cement producing company and for the sellers of the cement. It should be packed in such bags or sacks, which help stop the cement from getting exposed to the moisture. The bags or sacks are made up of paper and plastics for packaging of the cement.

Major factors that are expected to boost the growth of the cement packaging market in the forecast period are rise in the population. Furthermore, the growing demand for residential buildings is further anticipated to propel the growth of the cement packaging market. Moreover, the rising need in the construction industry is further estimated to cushion the growth of the cement packaging market. On the other hand, the obtainability of adulterated and duplicated construction material is further projected to impede the growth of the cement packaging market in the timeline period.

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Global Cement Packaging Market Scope and Market Size

The cement packaging market is segmented on the basis of material type, product type and capacity. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets. 

  • On the basis of material type, cement packaging market is segmented into paper, plastic, high-density polyethylene (HDPE) and polypropylene (PP).
  • On the basis of product type, cement packaging market is segmented into sewn open mouth, pinched bottom open mouth, valve sacks and open mouth sacks.

Cement Packaging Market Country Level Analysis

The cement packaging market is analysed, and market size, volume information is provided by country, material type, product type and capacity as referenced above.  

The countries covered in the cement packaging market report are the U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, rest of the Middle East and Africa (M.E.A.) as a part of the Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.  

Asia-Pacific dominates the cement packaging market due to the high demand for the product from advancing nations. Furthermore, the development in the construction and infrastructure activities will further boost the growth of the cement packaging market in the region during the forecast period. North America is projected to observe significant amount of growth of the cement packaging market due to the growing urbanization.

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Competitive Landscape and Cement Packaging Market Share Analysis

Some of the major players operating in the cement packaging market are:

Mondi, LC Packaging, Gascogne, Bischof + Klein SE & Co. KG, UFlex Limited, Taurus Packaging, Unisun Technologies (P) Ltd, Gem Pack Berries, Volgopromtrans, Toolasian Polysacks (P) Ltd., Rosenflex (UK) Limited, CEMEX S.A.B. de C.V., HEIDELBERGCEMENT AG, CNBM International Corporation, InterCement., UltraTech Cement Ltd, and Edna Group., among others.

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Monday, January 30, 2023

Ready to Drink (RTD) Mocktails Market would Increase at a 9.6% CAGR by the Anticipated year 2028

 The global ready to drink (RTD) mocktails market to account USD 9.43 billion by 2028 growing at a CAGR of 9.6% in the forecast period of 2021-2028. 

Mocktail is a kind of a mixed, non-alcoholic drink, as it does not contain alcohol or any type of spirit. It is usually made by mixing different fruit juices, soft drinks, iced tea etc. It is called mocktail as it look like a cocktail. Mocktails are low-priced than cocktails and are consumed by those who don’t take alcohol.

The rising shopper demand for RTD alcoholic beverages such as ready-to-drink moctails is a major factor expected to boost the ready to drink (RTD) mocktails market growth over the forecast period of 2021 to 2028. These drinks earn a bigger income within the sector for soft drinks by minimizing the general value of getting ready to drink. The ready–to–drink capitalizes on 2 key trends such as availability and convenience. These trends measure support the industry’s development.

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Global Ready to Drink (RTD) Mocktails Market Scope and Market Size

  • On the basis of type, the ready to drink (RTD) mocktails market is segmented into blue lagoon, mojito, fired ice, queens punch, shirley temple, and italian cream soda.
  • On the basis of flavors, the ready to drink (RTD) mocktailsmarket is segmented into regular and flavoured.
  • On the basis of distribution channel, the ready to drink (RTD) mocktailsmarket is segmented into online and offline.

Ready to Drink (RTD) Mocktails Market Country Level Analysis

The ready to drink (RTD) mocktailsmarket is analyses and market size, volume information is provided by country, type, flavours and distribution channel as referenced above.

North America dominates the ready to drink (RTD) mocktailsmarket because of the growing consumer demand for different flavors of ready to drink mocktails and shift towards on-the-go products. Asia-Pacific is expected to witness fastest growth during the forecast period of 2021 to 2028 because of the increasing online distribution channels and rise in the influence of the western culture.

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Competitive Landscape and Ready to Drink (RTD) Mocktails Market Share Analysis

The major players operating in the ready to drink (RTD) mocktailsmarket report are:

 ASAHI GROUP HOLDINGS, LTD., Pernod Ricard, SHS Group, E & J Gallo, William Grant & Sons, Miller Coors, Diageo, Treasury Wine Estates, Jose Cuervo, Constellation Brands, Beam-Suntory, Mast-Jaegermeister, Bacardi, Pernod Ricard, Edrington Group, Brown-Forman, Pabst Brewing, Anheuser-Busch, China Resource Enterprise, Accolade Wines, Vina Concha y Toro, Torres, Heineken, The Wine Group, Craft Brew Alliance Inc., Molson Coors Brewing Co., Haelwood International Holdings Plc among others.

Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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Coffee Creamer Market is Expected to Reach at a CAGR of 5.4% During the Forecast Period of 2022 to 2029

 The coffee creamer market , which had a value of USD 1.81 billion in 2021, is anticipated to grow to USD 2.76 billion by 2029, recording a CAGR of 5.4% from 2022 to 2029. The Data Bridge Market Research team’s thorough expert analysis, import/export analysis, price analysis, production consumption analysis, patent analysis, and consumer behaviour are all included in the market study.

Non-dairy creamers, including coffee creamer or coffee whitener, are used in place of milk or cream. Although many include casein, a protein derived from milk, they are typically referred to as non-dairy products since they do not contain lactose. Dry granular goods can be stored in locations without a refrigerator since they don’t need to be chilled.

In place of milk or cream, non-dairy creamers such coffee creamer or coffee whitener are used. They are sometimes referred to as non-dairy products as they lack lactose, despite the fact that many of them include casein, a protein produced from milk. Dry granular items may be kept in environments without a refrigerator and don’t need to be refrigerated. Coffee creamers come in a variety of shades and flavours and are used to flavour coffee, tea, hot chocolate, hot drinks, and other dishes.

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Coffee Creamer Market Dynamics

Drivers

Rising Awareness About Health Among Consumers

The rise in health consciousness among consumers will flourish the market’s growth rate. Increase in consumer awareness about various health related diseases such as lactose intolerance and milk allergies will further enhance the growth rate of coffee creamer market.

Furthermore, rising urbanization, and increasing level of disposable income will drive market value growth. Also, longer shelf-life and less refrigeration requirement will cushion the growth rate of the coffee creamer market. Another significant factor influencing the market’s growth rate is the increase in number of vegan consumers. A significant driving driver in the worldwide coffee creamer market is the increasing use of coffee creamers as an addition in tea, coffee, chocolate, cereals, yoghurt, and ready-to-drink drinks.

Opportunities

Increase in number of research and development

The rise in the number of research and development activities will create new market opportunities during the forecast period. Various manufacturers are involved in research and development of coffee creamer for weight loss.

The increase in prevalence of active lifestyle will boost new market opportunities for the market’s growth rate. Moreover, rise in strategic collaborations and emerging new markets will act as market drivers and further boost beneficial opportunities for the market’s growth rate.

Restraints/ Challenges Global Coffee Creamer Market

Risk in the concern about obesity

The upsurge in the concern about obesity will impede the market’s growth rate. To maintain product stability and product stability, the majority of coffee creamer contains Tran’s fats. Large levels of Tran’s fat consumption can lead to increased cholesterol, obesity, blood pressure, diabetes, and the risk of heart disease, all of which will stymie the global coffee creamer market’s expansion throughout the forecast period.

On the other hand, the addition of artificial flavours to produce a certain smell or taste cause various side effects, including depression, headache, nausea, and others that will hinder the market’s growth rate. The negative impact of COVID-19 outbreak on supply chain and lack of awareness will act as market restraint and further challenge the market growth rate.   

COVID-19 Impact on Coffee Creamer Market

Since its emergence in December 2019, the COVID-19 virus has spread to nearly every country on the planet, prompting the World Health Organization (WHO) to declare it a public health emergency. The COVID-19 pandemic had a significant influence on the market for coffee creamer. Growing number of cases around the world has resulted in a global lockdown and supply chain disruption. The industries’ operations and manufacturing units were shut down. Industrial activity were ceased, and output was halted as a result. The outbreak had a profound impact on the market for coffee creamer. 

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Global Coffee Creamer Market Scope

Form

  • Powder
  • Liquid

Flavour

  • Original/Unflavoured
  • French Vanilla
  • Chocolate
  • Hazelnut
  • Other Flavours

Type

  • Original
  • Light
  • Fat-Free

Base

  • Plant-based Milk
  • Vegetable Oil

End Use

  • HoReCa/Foodservice
  • Food and Beverage Processing
  • Coffee Mixes
  • Tea Mixes

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Quinoa Milk Market is Expected to Reach the Value of USD 212.40 million, at a CAGR of 6.00% During 2022-2029

 The quinoa milk market was worth USD 133.26 million in 2022 and is projected to grow at a CAGR of 6.00% from 2022 to 2029, reaching USD 212.40 million. The market reports created by Data Bridge Market Research include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis, and deficit analysis of supply chain and demand in addition to insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players.

Due to its health advantages, quinoa milk is much sought after by customers. Quinoa milk is a high-fiber, gluten-free alternative to maize or wheat milk that is used in a number of dishes. It contains significant amounts of magnesium, calcium, iron, potassium, and vitamin B complex, all of which are crucial for human health.

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Drivers

Growing demand for organic food products in the global markets

One of the key drivers influencing demand for quinoa milk in the global market is the growth of the organic food and beverage industry, as consumer awareness about the benefits of eating food products with low additives, non-GMO, natural, and other ingredients is expected to drive consumers to choose healthy foods. On the other hand, sales of organic food and beverages in the global food market are increasing due to increased supply of organic products by modern retail formats and an increase in the number of small organic food manufacturers due to high demand.

Recent developments and changes in global consumption patterns

In recent years, the number of countries producing quinoa has increased, which will increase commercial production. The government has aided the quinoa industry through the National Institute of Agricultural Research by encouraging research and development. During the forecast period, the market is expected to be driven by recent developments and changes in global consumption patterns. Due to its adaptability to different environments and perceived dietary benefits, quinoa has the potential to introduce a new crop into the cropping system.

Opportunities

Product Innovations

Food and beverage manufacturers are considering the health benefits of quinoa and adding significant constituents to make products more delectable and nutritious. Aside from that, the use of quinoa for disease prevention and health maintenance is expected to fuel a positive growth in terms of value during the forecast period. 

COVID-19 Impact on Quinoa Milk Market

COVID-19 the term pandemic refers to a worldwide pandemic that has affected many countries. It has caused havoc in the fields of business and marketing. Demand for quinoa milk increased during the pandemic as consumers sought food staples with a longer shelf life that were also healthy to consume. Manufacturers are experiencing production difficulties due to raw materials and labour scarcity. Following the pandemic, there will be an increase in market demand for quinoa as consumers seek healthy food products that boost anti-oxidants in the body.

Global Quinoa Milk Market Scope

Product Type

  • Sweetened
  • Un-sweetened

Type

  • Blended
  • Un-blended

Form

  • Ready-to-Drink
  • Instant Powder

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Flavors

  • Original
  • Chocolate
  • Others

Distribution channel

  • Store based Retailers
  • Online Retailers

Quinoa Milk Market Regional Analysis/Insights

The countries covered in the quinoa milk market report are:

U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

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Ready to Drink Coffee Market is Expected to Reach the Value of USD 37.40 billion by 2029

 The ready to drink coffee market which was valued at USD 23.5 billion in 2021 is anticipated to grow at a CAGR of 5.98% during the forecast period to reach USD 37.40 billion by 2029. The market report created by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis, and consumer behaviour in addition to market insights like market value, growth rate, market segments, geographical coverage, market players, and market scenario.

The most widely used and brewed beverage in the world is coffee. In response to customer demands and the population’s swiftly evolving lifestyle, manufacturers and industry players are continually updating their goods.

The most extensively consumed and well-known brewed beverage on earth is coffee. In response to customer demands and the population’s swiftly evolving lifestyle, manufacturers and industry players are continually updating their goods.

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Drivers

Rising consumption of ready to drink coffee among the population

The consumption of healthy foods and beverages is a massive trend that affects a large portion of the global population. Another functional drink that has been shown to have health benefits is ready-to-drink coffee. Obesity rates among children and adults are rising, as are poor eating habits, hectic lifestyles, and demanding work schedules, all of which push consumers to make healthier, convenient food choices. Calorie-conscious consumers and the diabetic population are looking for sugar substitutes in their beverages, driving up demand for antioxidant-rich health drinks.

Product releases and a greater emphasis on product innovation

The ready-to-drink coffee market is expected to expand in the near future as the number of product releases increases and large corporations place a greater emphasis on product innovation. Due to the growing popularity of healthy lifestyle practises, manufacturers are gaining a larger consumer base by incorporating healthy ingredients into ready-to-drink coffee. Several large corporations are attempting to develop products that will help them meet the increasing demand for health-friendly products.

Opportunity

Consumers are becoming more aware of the manufacturing of the products they buy and the origins of their purchases in recent years. This is especially true in the food and beverage supply chain, including coffee. As a result, consumers are eager to locate certified coffee products to ensure the authenticity of their coffee purchases. Consumers’ concerns about poverty, social injustice, and environmental degradation have fueled the growth of a market for ‘certified’ and’sustainable’ food and beverage brands and labels. Sustainable coffee is defined as coffee that adheres to a number of social, environmental, and economic standards and is independently certified by an accredited third party.

COVID-19 Impact on Ready to Drink Coffee Market

COVID 19 did help to boost the market for tea and coffee capsules. People preferred the non-store-based segment for getting their products at home because they did not want to leave their homes due to the governments’ COVID precautionary instructions; the store-based segment was not widely preferred at the time.

Despite COVID, the market and its key players performed well during the lockdown period. In addition, once the situation had stabilised, the store-based distribution channel segment resumed its normal sales rate. However, in the early months of 2020, the impact on the manufacturing unit was significant. The supply rate could not keep up with the high demand.

Global Ready to Drink Coffee Market Scope

Nature

  • Natural
  • Organic
  • Conventional

Product type

  • Iced Coffee
  • Coffee Latte
  • Black Coffee
  • Others

Price range

  • Economical
  • Mid-range
  • Premium

Packaging type

  • Cans
  • Tubs
  • Others

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Ready to Drink Coffee Market Regional Analysis/Insights

Asia-Pacific is expected to be the largest and North America to be the fastest-growing ready-to-drink (RTD) coffee market. China, Japan, India, and Australia are the major countries offering promising growth opportunities. The region’s market is expanding due to an increase in calorie-conscious consumers, which is increasing the rate of usage for antioxidant-enriched drinks and highly populated countries in South East Asia consuming a large portion of these products. Over the forecast period, North America and Europe are also expected to provide significant growth opportunities.

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Food Allergy Market is Growing at a Rate of 5.60% During the Forecast year 2022 and 2029

 The food allergy market was valued at USD 34.83 billion in 2021 and is anticipated to grow at a CAGR of 5.60 percent from 2022 to 2029 to reach USD 53.85 billion. The Data Bridge Market Research team’s thorough expert research, patient epidemiology, pipeline analysis, price analysis, and regulatory framework are all included in the market study.

The market for food allergies has recently grown, and this is expected to continue over the projected period. An abnormal reaction to particular foods, such as tree nuts, peanuts, and soy, is known as a food allergy. Everything from itching, tongue swelling, and hives to low blood pressure, diarrhoea, and vomiting can be brought on by allergic responses. Food allergies are growing increasingly prevalent worldwide, according to the World Allergy Organization, with egg, milk, wheat, shellfish, and tree nuts being the most common allergens. Furthermore, seafood allergies are more prevalent in Asia than in western nations.

A food allergy is an immune response that develops soon after consuming a particular meal. Bloating, hives, and enlarging of the airways can all be brought on by even a tiny amount of the food that triggers the allergy. In some people, a food allergy can result in serious symptoms or even the potentially fatal reaction known as anaphylaxis.

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Food Allergy Market Dynamics

Drivers

High prevalence in children

The rising prevalence of food allergies in children is estimated to enhance the market’s growth. Children, particularly toddlers and newborns, are more prone to food allergies. Children’s digestive systems mature as they become older, and their bodies are less prone to absorb food or food components that cause allergies.

Milk, soy, wheat, and egg allergies are usually outgrown in youngsters. Allergies to nuts and shellfish, in particular, are more likely to be lifelong. Peanut allergy among children has increased by 21% since 2010, according to a study released by the American College of Allergy, Asthma, and Immunology (ACAAI) in 2017. According to the research, around 2.5 percent of children in the United States are allergic to peanuts.

Surging incidences of asthma

The growing incidences of asthma are estimated to propel the market’s growth rate during the forecast period of 2022-2029. Asthma and dietary allergies frequently coexist. Both food allergy and asthma symptoms are more likely to be severe when this happens.

Increasing investment for healthcare infrastructure

Another significant factor influencing the growth rate of food allergy market is the rising healthcare expenditure which helps in improving its infrastructure. Also, various government organizations aims to improve the healthcare infrastructure by increasing funding and this will further influence the market dynamics.

COVID-19 Impact on Food Allergy Market

Since its emergence in December 2019, the COVID-19  virus has spread to nearly every country on the planet, prompting the World Health Organization (WHO) to declare it a public health emergency. COVID-19, a new coronavirus, was identified as the causal agent in the pneumonia cases. This virus spread quickly over the world, killing a large number of people. COVID-19 was labelled a global pandemic by the World Health Organization (WHO) in March 2020, and rigorous measures to prevent the disease’s spread were recommended.

Global Food Allergy Market Scope

Food Source

  • Dairy Products
  • Poultry Product
  • Peanuts
  • Shellfish
  • Others

Symptoms

  • Anaphylaxis
  • Atopic Dermatitis
  • Others

Diagnosis

  • Skin-Prick Tests
  • Blood Test
  • Elimination Diet
  • Oral Food Challenge
  • Others

Treatment

  • Epinephrine
  • Oral Immunotherapy
  • Antihistamines
  • Others

End-Users

  • Hospitals
  • Specialty Clinics
  • Homecare
  • Others

Distribution Channel

  • Hospital Pharmacy
  • Retail Pharmacy
  • Online Pharmacy
  • Others

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Food Allergy Market Regional Analysis/Insights

The Food allergy market is analysed and market size insights and trends are provided by country, food source, symptoms, diagnosis, treatment, end-users and distribution channel as referenced above.

North America dominates the food allergy market because of the rising prevalence of food allergies in this region. Additionally, rising healthcare expenditure and the presence of major key players will further propel the market’s growth rate.

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India Electric Car Market Trends: Key Insights and Opportunities by 2032

  India Electric Car Market Overview: India Electric Car Market Expected to Touch 137.3 Billion by 2032, Driven by 62.90% CAGR Growth by 2...