Transparency
Market Research (TMR) has announced the addition of a new market
study on the global gluten-free food products market. The report is
titled “Gluten Free Food Market - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2015 - 2021.” According to the
report, in terms of revenue, the global gluten-free market, which was
valued at US$2.84 bn in 2014 is projected to reach US$4.89 bn by
2021, expanding at a 7.7% CAGR from 2015 to 2021.
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exclusive Sample of this report:
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Gluten-free
food products are eatables that do not contain any traces of gluten,
which is a protein composite found in barley, rye, wheat, and all
their species. A gluten-free diet is a treatment for people diagnosed
with celiac disease. People with celiac disease react abnormally to
gluten, causing bowel damage, and thus need gluten-free food.
Gluten-free diet is also recommended for non-celiac disease patients,
who might develop allergies or discomfort when they eat products
containing gluten. This is termed as non-celiac disease gluten
sensitivity.
The
gluten-free products market is driven by the rising number of celiac
disease patients and the rising prevalence of non-celiac disease
gluten sensitivity among people. Growing consumer awareness about the
health benefits of gluten-free food is driving the market. Rising
efforts for weight management among people across the globe are
driving the gluten-free food products market. The high demand for
gluten-free bakery products is also encouraging the market’s
growth. On the other hand, lack of awareness regarding celiac disease
is a huge challenge, which is restraining the growth of the
gluten-free products market. However, the focus of key gluten-free
food product manufacturers on the fresh food industry will open new
opportunities of growth in the market.
The
gluten-free
food products market is segmented on the basis of product and
geography. The types of gluten-free products available are: Baby
food, pasta, bakery products, and ready meals. Of these, the
gluten-free bakery products segment held the largest share in the
market in terms of both volume and value, in 2014. The dominance of
the gluten-free bakery products segment is expected to continue
throughout the forecast period. The growth is due to rising
consumption of gluten-free biscuits and the shift of investment from
the specialty diabetic sector to gluten-free bakery products by
manufacturers.
On
the basis of geography, the market is segmented into North America,
Europe, Asia Pacific, the Middle East and Africa, and Latin America.
In 2014, Europe dominated the gluten-free food products market and
represented a share of 52.5%. North America is expected to be the
fastest growing regional market by 2021, on account of the positive
consumer response to a gluten-free diet and the rising number of
people suffering from celiac disease.
The
report profiles the leading players in the market and studies their
performance, on the basis of financial overview, recent developments,
and other market dynamics. The key strategies adopted by the
companies are also stated. The challenges faced by the players and
the factors that helped them to grow are enlisted. Among the
companies operating in the global gluten-free food products market
and studied in the report include: Enjoy Life Foods LLC, Freedom
Foods Group Ltd Boulder Brands Inc., Hain Celestial Group Inc, Mrs
Crimble’s, Genius Foods Ltd, Ener-G Foods Inc., and Dr Schar
AG/SpA.
The
global gluten-free food market is segmented as follows:
Product
- Gluten-free bakery products
- Gluten-free baby food
- Gluten-free pasta
- Gluten-free ready meals
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