Gluten-Free Products Market Size, Share, Growth, Trends and Industry Statistics Report
by Susan Hill Business ConsultantThe
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.
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
Access full research report on global gluten-free products market:
www.grandviewresearch.com/industry-analysis/gluten-free-products-market
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Created on Nov 15th 2019 06:45. Viewed 369 times.