The worldwide gluten-free products market is It is expected to reach a market value of US$ 11,191.82 million by 2032, assuming a compound annual 7% growth rate. By 2022, it’s probably going to be worth US$5,700 million.
The growing number of people with celiac d
isease and other illnesses that are assumed to be brought on by poor lifestyle choices has created a demand for gluten-free products. The verified market for gluten-free products grew at a compound annual growth rate (CAGR) of 5.6% from 2016 to 2021.
Over the course of the projection period, it is expected that the market for gluten-free items would expand significantly due to the growing applications in the food sector and the health benefits of consumption. For example, large market corporations focus on new innovations to encourage consumers to buy gluten-free products.
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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.
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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.
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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.
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