April 4, 2020

Gluten-Free Food Market Intended To Expand With CAGR Of 9.3% From 2018 To 2026

According to the latest report published by Credence Research, Inc. “Global Gluten-Free Food Market – Growth, Future Prospects and Competitive Analysis, 2018-2026,” the global gluten-free food market accounted for a volume of 465.7 kilotons in 2017, with the market volume expected to grow with a CAGR of 8.1% from 2018 to 2026.

You can get the sample copy of this research by Credence Research here

Gluten Free Food Market

Market Insights:

The global gluten-free food market accounted for 465.7 kilo tons in 2017, with CAGR rising by 8.1 per cent during the forecast period from 2018 to 2026. Gluten-free bakery products include muffins, bagels, breads, crackers, baking mixtures, rolls, buns, cookies and baking powder. In 2017, the category of gluten-free bakery products dominated the global gluten-free food market by volume and expected to remain dominant throughout the forecast period.

Gluten-free bakery products allow customers to have access to new products. Texture, taste and shelf life are essential considerations for the formulation of gluten-free bakery products. Generic gluten-free products appealing to the aging population and the introduction of gluten-free varieties on the market are expected to drive the global gluten-free food market. Certain factors such as raising incidences of celiac disease, diabetes and growing consumer understanding of these issues are significant drivers of the global gluten-free food market. Rising incidences of celiac disorders, cases of gluten allergy, autoimmune issues combined with health problems such as indigestion, obesity are also responsible for high demand for gluten-free products.

You can get the sample copy of this research by Credence Research here

In addition, other important drivers of this market are the increasing number of hypermarkets and supermarkets, particularly in developing regions, which increase awareness of gluten-free foods among the population, coupled with an exponential increase in gluten-free bakeries in North America. Nonetheless, limitations on the gluten-free food market are less stringent in regions such as Asia Pacific, where consumers are confused about the causes of’ allergy’ and’ intolerance.’

Geographically, Europe and North America are the most popular markets largely due to a high level of awareness of the adverse effects of gluten-rich diets. In 2017, Europe had the largest market share in the global market for gluten-free food, both in terms of value and volume. Strong manufacturing base followed by rapid growth of gluten-free bakery products, especially in Italy and Germany, is expected to drive the gluten-free food market in Europe. This is expected to increase the demand for the sale of gluten-free bakery items and thus fuel the need for health-conscious customers in the future. Prominent supermarket presence, government-led gluten-free diet programs, certain gluten-free sources such as maize, quinoa and sorghum for baking items used in the U.S. and Canada.

North America, on the other hand, is perceived to be the fastest growing market due to the presence of a strong gluten-free manufacturing base in the U.S. along with an increasing number of celiac patients. Europe accounted for the largest share of the global gluten-free food market in 2017 and is projected to be dominant in the coming years. Frequent product innovation offers a variety of opportunities for gluten-free food market leaders, coupled with increasing celiac patients who are becoming more conscious of gluten-free products in the population, are factors driving the growth of this market in the area.

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Key market players in the global gluten-free food market include Dr. Schär AG / SPA, Freedom Foods Group Ltd., Pinnacle Foods, General Mills, Gruma, Hain Celestial Group, Amy’s Kitchen, Enjoy Life Foods, Kraft Heinz Company and Kellogg Company.

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