Gluten-Free Products Market Demand, Recent Trends and Developments Analysis 2027
Market Analysis
The global gluten-free
products market is likely to grow at a 9.51% CAGR between 2017- 2023, reveals the
new Market Research Future (MRFR) report. Gluten-free food products are those
made from either gluten-free flour or naturally occurring gluten-free foods
such as fish, unprocessed meat, fruits and vegetables, and others. These food
products are usually recommended for people who are gluten intolerant and
suffering from celiac disease. Gluten-free foods offer an array of health
benefits such as promotes weight loss, reduces the risk of heart disease and
diabetes, increase energy level, promote digestive health, and improve
cholesterol levels, among others.
Furthermore, increasing incidence of diseases such as obesity,
diabetes and other chronic diseases in the North American region has opened the
doors for key players to come up with various customized gluten-free products
which will in turn escalates the sales of gluten-free products during the
forecast period. Moreover, product promotions through various channels have
added fuel to this segment.
On the contrary, the high price of gluten-free products may limit
the global gluten-free
products market growth over the forecast period.
Region Analysis
Based on the region, the global gluten-free products market covers
the growth opportunities and recent trends across Europe, North America, the
Asia Pacific (APAC), and the Rest of the World (RoW). Of these, North America
will dominate the market over the forecast period for its high consumption,
favorable initiatives, and regulatory framework for promoting a gluten-free
diet by the US FDA, subsidy allocations, and easy availability. These foods
offer ample benefits such as are less fattening, lower cholesterol levels, and
ease digestive ailments, which is again boosting the market growth. The US is
the key contributor in the market for increasing awareness about celiac
diseases. The gluten-free products market in the region is predicted to grow at
a 9.65% CAGR by 2022.
The gluten-free products market in the APAC region is predicted to
have the fastest growth over the forecast period. Factors boosting the market
growth include unique marketing strategies incorporated by key industry
players, rising consumption of healthy food, favorable demographics, booming
e-commerce market, and increasing internet penetration. Australia is the key
contributor in the region for increasing cases of
gluten-intolerance/sensitivity and celiac disease, and growing demand for gluten-free
products by health-conscious people on the lookout for weight management.
Key Players
Notable players profiled in the global gluten-free products market
report include Freedom Foods Group Ltd. (Australia), Hero Group AG
(Switzerland), Mondelez International, Inc. (U.S.), Kellogg Company (U.S.), The
Kraft Heinz Company (U.S.), General Mills, Inc. (U.S.), Boulder Brands, Inc.
(U.S.), and The Hain Celestial Group, Inc. (U.S.).
Market Segmentation
The MRFR report provides an inclusive segmental analysis of the
global gluten-free products market based on type and distribution
channel.
By type, the global gluten-free products market is segmented into
prepared foods, meat products, beverages, dairy and frozen desserts, bakery and
confectionery, and others. Of these, the bakery and confectionery segment will
lead the market over the forecast period. It is likely to grow at a 9.91%
CAGR.
By distribution channel, the global gluten-free products market is
segmented into non-store based and store-based. Of these, the store-based
segment will have a major share in the market over the forecast period. It is
predicted to grow at a 9.23% CAGR.
Access Report@ https://www.marketresearchfuture.com/reports/gluten-free-products-market-4984
Downstream
Analysis:
Among
the type, bakery & snacks segment is anticipated to retain its dominance
throughout the forecast period. Also, the segment is projected to register a
healthy CAGR of 9.91% during the given period due to increase in the demand of
bakery and convenience food products. Among the distribution channels of
gluten-free products, store based segment is accounting for approximately 86%
market share followed by non-store based accounting for 14% of the global
gluten-free products market. The segment is projected to register a healthy
CAGR of 9.23% during the forecast period 2017-2022.
NOTE: Our Team of Researchers are Studying Covid19
and its Impact on Various Industry Verticals and wherever required we will be
considering Covid19 Footprints for Better Analysis of Market and Industries.
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