As per the recent research report by Global Market Insights, Inc., the Gluten Free Food Market value can reach USD 12.5 billion by 2024. Increasing consumer spending on processed and convenience food products owing to growing awareness regarding the demand for healthy products may witness significant growth in gluten free food market.
Growing prevalence towards natural products to lessen the usage of gluten is likely to further support the industry growth.
Gluten free food products are derived from various cereal grains including rice, millets, quinoa and tapioca. These products offer certain features inclusive of low sugar content, proteins, minerals and aid in lowering cholesterol levels in various food products like breads, biscuits, cereals and savories should fuel product demand.
It is widely used in baked goods, beverages and cereals & snacks as it contains proteins and other minerals, thereby stimulating gluten free food market demand.
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Gluten free bakery products market demand may surpass USD 7 billion by 2024. These products are widely utilized in breads, biscuits and cookies owing to their superior properties which provides gas holding ability, extensibility of dough and offers mixing tolerance which enhances the structure, thereby stimulating product demand.
Gluten free food market from cereals & snacks was valued at over USD 850 million in 2017 and may surpass at a higher value in projected timeframe. These products offer various benefits when used in breakfast cereal as it lowers down cholesterol levels, improves gastrointestinal health and promotes higher energy levels.
They are also consumed to cut down fats which aid in reducing weight in an individual, thus supporting product demand.
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Gluten free food market in hotels & restaurants is likely to register significant gains at over 8.5% by the foreseeable timeframe. Several restaurants and food chains offer gluten free menu owing to aversions associated with wheat products and provide allergen information for the menu which is being served, which in turn may foster industry growth.
North America gluten free food market demand driven by the U.S., Canada and Mexico may surpass USD 2.5 billion by 2024. Growing concern towards celiac disease will accelerate the product demand.
These products provide enough nutrients, vitamins and minerals which act as a strong element for patients suffering from celiac disease, thus stimulating regional growth.
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Europe led by France, UK Italy, and Germany gluten free food market may register significant gains at over 9% by the end of forecast period. Growing working population has led to an upsurge demand for pizza and bakery products, thereby increasing the product demand.
Increasing demand for frozen food which includes variety of pizza in the supermarkets may foster the gluten free food industry growth.
Global gluten free food market share is moderately fragmented with key players including General Mills, Boulder Brands, Kellogg's, CEREALTO and Glutafin. The companies may expand its market share in the form of joint ventures and mergers & acquisition which may enhance product portfolio and strengthen global presence.
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