The
rising number of people with gluten sensitivity and celiac disease is
a key factor driving the global gluten-free food market. In addition
to this, gluten-free diet is also associated with weight management
and overall health, further driving its demand. These factors,
coupled with the rapid change in consumer lifestyle, are anticipated
to push the global gluten-free food market to expand at a steady pace
over the coming years.
The
gluten-free
food market is segmented on the basis of product type and
geography. By the type of product, the market is categorized into
baby food, ready-to-eat meals, bakery products, and pasta. By
geography, the gluten-free food market is divided into Asia Pacific,
North America, Latin America, Europe, and the Middle East and Africa.
The
report on the gluten-free food market is a comprehensive evaluation
of the scope and dynamics of the global market. It focuses on the key
growth trends and determining factors that have had an impact on the
gluten-free food market in the past and forces that are likely to
influence its trajectory in the coming years. Valuable insight into
the workings of the global gluten-free food market has been provided
by industry experts and analysts to give readers a clear, unbiased,
and in-depth understanding of the market.
Overview
of the Gluten Free Food Market
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The
report states that the global gluten-free food market is poised to
expand at a 7.70% CAGR from 2015 to 2021, rising from a value of
US$2.8 bn in 2014 to US$4.8 bn in 2021. By volume, the gluten-free
food market is anticipated to grow from 277.2 thousand metric tons in
2014 to 423.0 thousand metric tons in 2021 at a 6.10% CAGR therein.
This growth can be attributed to the rising demand for innovative
gluten-free bakery products, the growing focus on weight management,
and the increase in public awareness regarding the potential benefits
of gluten-free food. On the flip side, the lack of awareness about
celiac disease is anticipated to hamper the development of the
gluten-free food market.
The
gluten-free food market is dominated by gluten-free bakery products.
This segment comprises biscuits, donuts, muffins, bread, cakes, pies,
and pastries. Region-wise, Europe holds the largest share in the
global gluten-free food market, making up 52.5% in terms of revenue
in 2014. North America is likely to be the fastest expanding regional
market by 2021 fueled by the positive consumer response to
gluten-free diet and the rising number of patients suffering from
celiac disease.
Companies
Mentioned in the Report
The
leading companies profiled in the gluten-free food market report are
Genius Foods Ltd, Freedom Foods Group Ltd, Dr Schar AG/SpA, Hain
Celestial Group Inc, and Boulder Brands Inc. These players are
evaluated based on key criteria such as company overview, business
strategies, product portfolio, financial performance, and recent
developments.
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