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Global gluten free prepared food market is to grow at a CAGR of 12.1% explored in latest research

Global gluten free prepared food market is to grow at a CAGR of 12.1% explored in latest research

Gluten is a type of protein present in barley, wheat, rye and their derivatives or cross-breed variety. It is also used in baked products as a binding agent to prevent crumbling. Food with gluten is the leading cause of food intolerance for consumers suffering from celiac disease, which is an autoimmune and inherited disorder. In such cases, on consumption of gluten rich food, the small intestines get damaged and is life threatening. The only solution for such consumers is to follow a strict diet of gluten free prepared food. Many others who prefer prepared gluten-free food are those who are suffering from wheat allergy and autistic disorders.

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Aside from medical reasons, some people eat prepared gluten free food as part of their health and fitness routine. In 2016, Mikey's LLC, a Scottsdale-based gluten free food manufacturer launched gluten-free pizza crust.

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The growing concern regarding food allergies and intolerance among consumers is the factor driving the gluten-free prepared food market. Prepared food producers are investing in products which are customized to meet specific dietary requirements.

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These gluten-free prepared food are very easily available through wide distribution channels such as grocery stores, supermarkets and natural food store is likely to boost the growth of this market. Gluten-free food products companies are launching new products to improve the taste and nutritional value.

The availability of wide range of such products is projected to drive the global market growth.

But still, the price of gluten-free prepared food is the major barrier to adoption for non-users, which is estimated to inhibit the growth of global gluten-free prepared food market.

This market is broadly classified into two categories – by product type and by distribution channel. On the basis of type of products the market is further segmented into Bakery Products, Pasta, Ready to Eat Products, and Bread and Rolls.

On the basis of distribution channel the market is classified into Grocery Store, Supermarkets and Hypermarkets, Health or Natural Food Store, and Drug Store.

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By geography, the global market is classified into Latin America, Middle East and Africa, Asia Pacific, Europe and North America. North America accounts for more than half of the total market share in global gluten-free prepared food market.

In North America, U.S. accounts for significant market share owing to growing number of consumers suffering from celiac disease and food allergies and the adoptions of gluten free food products by the consumers for health benefits. Europe is expected to record high growth rate during the forecast period.

The increasing number of children and adults affected by obesity and rising awareness of healthy lifestyle is expected to drive gluten free prepared food market in the region. APAC is anticipated to hold significant share at higher growth rate during the forecast period.

This is attributed to increasing disposable income, population and rapid growth of allergen friendly food market in the region. The growing awareness of allergen friendly food among consumers in Latin America and Middle East and Africa is anticipated to project moderate CAGRs in these regions during the forecast period.

Major companies working in this market are Ener-G Foods, Inc., Enjoy Life Foods, B&G Foods, Inc, Mrs Crimble's, Genius Foods, Hain Celestial, Dr. Schär AG / SPA, Udi's Healthy Foods, LLC, and General Mills Inc.

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Market Segmentation                                             

1)Product Type                            

  • Introduction          
  • Bakery Products  
  • Pasta        
  • Ready to Eat Products       
  • Bread and Rolls    
  • Y-o-Y Growth Analysis, By Product Type  
  • Market Attractiveness Analysis, By Product Type
  • Market Share Analysis, By Product Type  

2)Distribution Channel                              

  • Introduction          
  • Grocery Store       
  • Supermarkets and Hypermarkets
  • Health or Natural Food Store         
  • Drug Store              
  • Y-o-Y Growth Analysis, By Distribution Channel     
  • Market Attractiveness Analysis, By Distribution Channel   
  • Market Share Analysis, By Distribution Channel     

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Scope of the report :

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms by type, packaging and meat type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economic and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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