The Global gluten free foods market is expected to flourish at a significant CAGR of 10.1% during the forecast period. Moreover, the global gluten free foods market is expected to garner USD 8.1 Billion by the end of 2023.
“Global Gluten Free Food Market Demand, Growth & Revenue Opportunity (2016-2023)”
The global gluten free foods market is segmented into product type such as bakery products, pizzas and pastas, cereal and snacks and others. Among these segments, gluten free bakery food products segment is expected to occupy top position in overall gluten free foods market during the forecast period.
Rising consumption of gluten free biscuits is expected to supplement the growth of global gluten free bakery product market. Furthermore, innovations in gluten free foods such as increasing product lines of gain free products (made from almond, pulses and coconut) in bakery shops are expected to impel the growth of gluten free bakery products.
The global demand for gluten free food is increasing due to the increasing number of celiac patients across the globe. Further, rising awareness about gluten free food products and its benefits are expected to fuel the growth of the global gluten free food market over the forecast period.
North America captured the largest share in overall gluten free foods market in 2016. Moreover, North America is expected to continue its dominance over the forecast period.
Rising demand for gluten free products amongst health conscious customers in U.S. and Canada is propelling the growth of gluten free food market in North America.
Besides, rising demand from food and beverage industry and cosmetics is also expected to impel the growth of gluten free foods market in the North America. Europe market is expected to expand at a significant CAGR during the forecast period i.e.
2016-2024. Rising concern toward the healthcare in the region is expected to be the key factors behind the growth of gluten free food market in the Europe region. Further, development and availability of high quality gluten free bakery food in the region is expected to escalate the growth of Europe gluten free food market during the forecast period.
Increasing Health Consciousness among Urban Populations
Peoples in urban regions are inclining towards healthy products which are impelling the growth of gluten free food products. The urbanization is changing the lifestyle of the population and also raising the awareness towards the various benefits of consuming the gluten free food.
The rising disposable income of the population is allowing them to spend more on such products.
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Growing Number of Celiac Diseases in the World
According to Center for Disease Control and Prevention, the number of celiac patients accounts for nearly 1% of the total population at in U.S. Moreover, there is no pharmaceutical treatment for celiac diseases.
These factors are expected to impel the demand for gluten free foods during the forecast period.
Although, lack of awareness about the benefits of gluten free food and slow adoption of gluten free foods in undeveloped and developing nations are some of the factors is likely to dampen the growth of gluten free foods market during the forecast period.
The report titled “Global Gluten Free Food Market Demand, Growth & Revenue Opportunity (2016-2023)” delivers detailed overview of the global gluten free foods market in terms of market segmentation by product type, by source and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global gluten free foods market which includes company profiling of Kraft Heinz, Boulder Brands, Hain Celestial, Kellogg, Pirate Brands, Dr Schaer, Mrs Crimble, Freedom Foods, Pastariso and Amy’s Kitchen. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments.
On the whole, the report depicts detailed overview of the global gluten free foods market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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