The global gluten-free products market size is projected to reach USD 32.39 billion by
2025 expanding at a CAGR of 9.1%, according to a new report by Grand View Research,
Inc. Rising cases of lifestyle-related diseases has favored the market growth.
Increasing instances of chronic and non-communicable diseases leading to
disability or death have also bolstered the demand for gluten-free products.
Furthermore, major focus of manufacturers on various parameters including
production of foods with less saturated fat coupled with efficient labelling
solutions has driven the demand for gluten-free products.
Another important factor
favoring market growth is the increasing incidences of Irresistible Bowel
Syndrome (IBS) and celiac diseases. U.S. is one of the major consumers of
gluten-free products because, on an average, one of every 133 people suffer
from celiac disease, and 1 in 56 experience similar symptoms. In addition,
majority of the patients are misdiagnosed for the disease, which is causing the
development of such disorders faster. This is likely to drive the demand for
the gluten-free products in the country. However, the market growth is
restrained by various factors, such as the lack of awareness about the celiac
disease.
North America was the
dominant consumer market in 2018 and held a share of 53.0% of the overall
market. The region is home to major food brands and companies with extensive
distribution networks that provide a wide array of commodities. Moreover,
rising awareness about the health benefits of gluten-free eatables is likely to
boost the market growth. Favorable regulatory framework and initiatives to
promote a gluten-free diet by the U.S. Food and Drug Administration (FDA) and
subsidy allocations are anticipated to boost the market in North America over
the forecast period.
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click the link below:
https://www.grandviewresearch.com/industry-analysis/gluten-free-products-market
https://www.grandviewresearch.com/industry-analysis/gluten-free-products-market
Further key findings from the study suggest:
· Bakery products emerged as the largest
segment in 2018 and is expected to register a CAGR of over 10% during the
forecast period
· In terms of distribution, independent
natural or health food store segment is anticipated to register the fastest
growth in the coming years
· Rising consumer disposable incomes and
awareness about organic and natural foods are likely to aid the segment
· APAC is expected to be the fastest-growing
region from 2019 to 2025 due to factors, such as increasing internet
penetration, growing e-commerce sector, and favorable demographics
· Australia is among the most lucrative
markets in APAC owing to regulations by the Australian government favoring the
initialization of start-ups in the food & beverage industry
· Key companies in the gluten-free products
market include Boulder Brands, Inc.; General Mills, Inc.; The Hain Celestial
Group, Inc.; The Kraft Heinz Company; Kellogg’s Company; Hero Group AG; and Big
Oz Industries Ltd.
· Some of the major competitive strategies
undertaken by the market participants include mergers & acquisitions and
product innovation
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
