Published: Nov, 2017
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.
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
Global Gluten Free Food Market by Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East and Africa
- Latin America
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