The global gluten free products market size is likely to attain over USD XX billion by the year 2028. Besides, it is likely to project a CAGR of nearly XX during the forecast years 2021-2028. Gluten is a protein group that is commonly found in foods such as wheat, barley, rye, and other cereal products. It is responsible for the soft, chewy texture found in most gluten-containing cereal-based products. Gluten has numerous beneficial functions in the food we consume, so it is found in a wide range of food products, including beverages. However, people do show intolerance and allergy towards the consumption of gluten rich products, and this has posed problem to the food industry. This problem lead to the production of gluten free products which serve as an alternative to gluten rich products.
The growing number of celiac disease patients and gluten intolerance are anticipated to drive market growth in the coming future. More than 80% of this population is unaware that they have celiac disease. There is growth in the availability of gluten-free products due to the increase in number of celiac disease patients. Furthermore, increase in demand from millennial, enhanced distribution channels, and enhancement in marketing activities boost the market growth. The effect of these drivers is anticipated to grow substantially owing to rise in investment by small and medium-sized food manufacturing companies.
The report also emphasizes several distinctiveness of the global gluten free products industry by valuing the market from value chain breakdown. Moreover, the report encompasses numerous qualitative features of the gluten free products industry which comprises market restraints, drivers, as well as key industry opportunities. Furthermore, the report offers an inclusive evaluation of the company profiling along with the market rivalry of local and global vendors.
The gluten free products market has tough competition among the new emerging and pre-established market vendors. Besides, the gluten free products industry vendors are trying to capture the prospective markets to grab a competitive advantage over the remaining industry vendors. To capture the market, market players are forming agreements, acquiring other companies & startups, mergers & acquisitions, partnerships & collaboration, and escalating their business existence.
In terms of type segment, the market is bifurcated into pizzas and pastas, bakery products, condiments & dressings, snacks & RTE products. In 2020, the bakery products segment accumulated the largest market share and it is likely to maintain its dominance throughout the forecast years. The growth of this segment is largely ascribed to the rising demand from millennials along with rise in demand for nutritional rich foods items.
Europe is expected to grow rapidly in the gluten-free products due to the increase in popularity among the millennial and the surge in demand for variety food items. However, North America region is likely to hold for the largest market share during the forecast years. This is attributed to the high awareness about gluten free products, presence of key market players, diagnosed celiac patients, and higher purchasing power of the consumers are some factors propelling the gluten-free food market in the region.
The major players of the global augmented analytics market are Valeo Foods Group Limited, Hain Celestial Group, Inc., Kellogg Company, ConAgra food Inc., The Kraft Heinz Company, Freedom Foods Group Limited, Mondelez International Inc., Koninklijke Wessanen N.V., Quinoa Corporation, and General Mills, Inc.
Key Segments of the Global Gluten Free Products Market
Type Overview, 2019-2028 (USD Million)
- Pizzas and Pastas
- Bakery Products
- Condiments & Dressings
- Snacks & RTE Products
Distribution Channel Overview, 2019-2028 (USD Million)
- Drug stores & Pharmacies
- Conventional Shops
- Specialty Stores
Regional Overview, 2019-2028 (USD Million)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America