The global market for gluten-free products market is anticipated to grow from its estimated value of US$ 5,700 million in 2022 to US$ 11,191.82 million by 2032, assuming a 7% compound annual growth rate.
The market for gluten-free products is predicted to grow as a result of the increased prevalence of celiac disease and other illnesses brought on by unhealthy lifestyles. From 2016 to 2021, the market for gluten-free products grew at a compound annual growth rate (CAGR) of 5.6%.
The worldwide gluten-free products market is probably going to acquire a worth of US$ 5,700 Million out of 2022 and is supposed to gather a market worth of US$ 11,191.82 Million by enlisting a CAGR of 7% in the gauge period 2022-2032.
Discover the Future of Gluten-Free Market: Get Your Sample Report Now :
https://www.futuremarketinsights.com/reports/sample/rep-gb-490
Due to the rise in applications in the food sector and the health advantages of consumption, the market for gluten-free goods is anticipated to grow significantly over the forecast period. Major market companies, for example, concentrate on new developments to draw customers towards the consumption of gluten-free products.
Gluten-Free Products Market Drivers
There has been a significant increase in the demand for gluten-free products in the global market, especially in the bakery and fast food industry. This industry is focused on the provision of gluten-free products for individuals who show allergy towards the consumption of gluten products. The rise in demand from the millennials, taste change, and the increase in demand for gluten-free snacks fuel the growth of the market globally.
Consumers’ shift towards a healthy lifestyle is a crucial factor to watch out for, as this is expected to drive the market forward over the forecast period. The rise in number of working women is a boost for the market. Gluten free products can be consumed anywhere within a short time; hence the convenience of gluten free product is another growth driver.
Furthermore, the ease of accessibility of gluten free product from retail store accelerates the growth of the market globally. Gluten free products can be obtain from various retail stores such as convenience store, drugstores, specialty stores, and pharmacies.
Unlock the Future of Health with Gluten-Free Products: Consult Our Analysts for In-Depth Insights :
https://www.futuremarketinsights.com/ask-question/rep-gb-490
Gluten Free Products Market Restraints
The global gluten-free products market might witness a decline in growth in the future. And this is due to the lack of awareness of the celiac disease among individuals globally. Celiac disease is a digestive disorder resulting from an immune reaction to food like wheat, barley, and rye, which are often rich in gluten protein..
Gluten Free Products: Region-wise Analysis
North America remains the largest market for gluten free products owing to the rise in consumer health consciousness within the US. Europe is developing almost rapidly in the gluten-free products owing to the rise in popularity among the millennial and the increase in demand for diversified food products. Aside from this, the adoption of healthy lifestyle and the rise in demand for non allergic food products is expected to trigger the growth of the industry over the forecast period.
Increase in disposable income, and the change in consumer demography in the Asia Pacific are forces expected to drive the gluten free products market in the region. In addition to this, the increase in awareness of celiac disease is strong driving force which is projected to raise the demand for gluten free products over the foreseeable period as consumers are concerned about their health.
Gluten Free Products: Competitive Landscape
- The Kraft Heinz Company
- The Hain Celestial Group, Inc.
- Pinnacle Foods Inc.
- General Mills, Inc.
- Kellogg Company.
Other players operating in the industry include:
- Hero AG (Switzerland)
- Barilla GER Fratelli SPA
- Pasia Plc
- Dr. Schar AG/SPA
- Freedom Foods Group Limited
- Genius Foods
- Enjoy Life Foods
- Norside Foods Ltd.
- Warburtons.
Elevate Your Gluten-Free Lifestyle: Explore Top Brands and Buy Now :
https://www.futuremarketinsights.com/checkout/490
Global Gluten Free Products Market Segment Analysis
The global free products market can be segmented on the following basis:
By Type
- Gluten-free Baby food
- Gluten-free Pasta
- Gluten-free Bakery Products
- Gluten-free Ready Meals
By Distribution Channel
- Specialty Stores
- Convenience Stores
- Drugstore/Pharmacy
- Hotels & Restaurants
- Others
Report Highlights
The research report presents a comprehensive assessment of market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data and projections with suitable set of assumptions and methodology. Research report provides analysis and information by categories such as market segments, geographies, types, technology and applications.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
