The
global market for gluten free products is expected to register a
spiraling growth over the coming years, as reported by Transparency
Market Research. The market is being driven by players, for example,
Boulder Brands Inc., DrSchär AG/SpA, Mrs Crimble's, and Genius Foods
Ltd, reports Transparency Market Research. These organizations by and
large held a main offer of 49.6% out of 2014 in the market. Item
advancement is the triumphant methodology received by these players
to stay over the opposition and cut a specialty for themselves. New
and growing endeavors to create products that take into account
different portions and requests of the shoppers will end up being a
viable methodology in the coming years.
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A
gluten-free eating regimen is a medicinally acclaimed for patients
experiencing celiac disease. Gluten-free food products are beneficial
to expend and useful for the stomach related framework. Additionally,
for individuals with chronic ailments and immune system issues,
gluten-free food has turned out to be helpful. The safe framework
does not perceive gluten, so it assaults the digestive organs
specifically and causes serious harm. These health advantages
combined with the rising number of gluten sensitivity cases among the
populace will push the development of the gluten-free food market in
the coming years.
These
market drivers are expected to to make a leap to a value of US$4.8 bn
before the end of 2021 from US$2.84 bn in 2014. The market is
projected to exhibit a CAGR of 7.7% in the years between 2015 and
2021.
Strategic
Market Presence Leads to Popularity of Gluten Free Bakery Products
Segment
Out
of the considerable number of products accessible in the worldwide
gluten
free food market, the bakery products segment is expected to
witness a healthy growth trajectory. The reliance on bakery products
and an extensive variety of baked consumables accessible through a
sprawling system of retailers will be in charge of the ascent of this
segment. The gluten free bakery food segment is projected to advance
at a CAGR of 8.5% over the period of forecast. Moreover, the rising
number of diabetics who likewise incline toward gluten free food
things due their long term medical advantages will likewise be
pivotal to the force this portion will pick in not so distant future.
Awareness
of Health Benefits to Provide Numerous Market Opportunity
Increment
in frequency of celiac disease is one of the driving elements of the
market. The quantities of celiac patients are ascending the world
over which has expanded the demand of gluten-free products for their
bigotry toward wheat with protein gluten. Celiac disease is perceived
as a standout amongst the most widely recognized driving illness
overall which influences assessed 1% of Canadians and Americans with
under 10% of individuals been analyzed. Along these lines,
gluten-free products are very favored in the gluten food
classification demonstrating that the market has solid development
potential in the coming years.
The
worldwide gluten-free food market is expected to witness considerable
development sooner rather than later, ascribed to variables, for
example, advancement of wellbeing and health, increment sought after
from millennial, change in advertising exercises, ascend in
mindfulness about celiac sickness, and other gluten
hypersensitivities. Nonetheless, value affectability is a factor
which is anticipated to control the market development.
Another
key factor that drives the market is enhanced advertising activities
by makers and enhanced appropriation channels. Increment in
mindfulness about the advantages of gluten-free products and a few
battles began by organizations bolster the market development. Many
individuals looking for weight administration and stomach related
wellbeing include gluten-free foods in their way of life and change
the market.
The
data and information presented in this review are based on a TMR
report titled as ““Gluten Free Food Market (Product - Gluten free
bakery products, Gluten free baby food, Gluten free pasta, and Gluten
free ready meals) - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2015 - 2021”
The
global gluten free food market has been segmented as follows:
Global
Gluten Free Food Market by Product Type
- Gluten free bakery products
- Gluten free baby food
- Gluten free pasta
- Gluten free ready meals
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