Monday, 22 August 2022 09:50 AM
Company Update
Rising incidence of celiac disease worldwide and growing awareness among people about the benefits of eating gluten-free foods are some of the key factors driving growth in the global gluten-free food market.
NEWARK, DE / ACCESSWIRE / August 22, 2022 / The worldwide gluten-free food market is supposed to arrive at a valuation of US$ 6.7 Bn in 2022. Besides, with developing wellbeing mindfulness among individuals and expanding frequency of celiac illness, the general interest for gluten-free foods is scheduled to develop at 7.5% CAGR somewhere in the range of 2022 and 2032, outperforming a valuation of US$ 14 Bn toward the finish of 2032.
Food products like wheat, barley, rye, and other cereals contain gluten. It gives a soft, chewy texture to all gluten-containing, cereal-based food products. Gluten is used in a lot of food items as it carries many beneficial properties. However, gluten can lead to allergies and intolerance in a lot of people. Many working in health and fitness also suggest that people should follow a gluten-free diet- regardless of whether they are allergic or not. As a result, millions have given up gluten-based food products and removed gluten completely from their diet, hoping to get healthy, lose some weight or improve their mood. In fact, going gluten-free may simply be the biggest health trend of the past couple of years.
With the prevailing gluten-free trend, the food and beverages industry was faced with a major problem as many food products contained gluten. This problem gave birth to gluten-free food products - a popular alternative to gluten-rich products. The Gluten-Free Food Market will likely continue to witness tremendous growth in the upcoming years, primarily driven by the rapid adoption of health and fitness trends. The market's future prospects are shaped by certain growth drivers and restraints.
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As per the study by FMI, there has been a notable increase in the demand for Gluten-Free Food, specifically in the bakery and fast food sectors. Though the industry largely concentrates on catering to individuals with gluten allergies, it is primarily shaped up by the changes in consumers' tastes and preferences. Gluten-free food market expansion is further supplemented by rising demand from the millennials, and the growing demand for gluten-free snacks.
Health and fitness trends and a keen inclination toward a healthy lifestyle also factors in as a market driver for Gluten-Free Food. Again, an increasing number of working women are looking for convenient food items which are also healthy. A majority of Gluten-Free Food can be consumed anywhere within a short time. Thus, the convenience of Gluten-Free Food also fuels the market growth.
However, as per the study, the global Gluten-Free Food market may register a drop in market growth in the future due to the lack of awareness of the celiac disease. Celiac disease is a digestive disorder resulting from an immune reaction to food like wheat, barley, and rye, which are often rich in gluten protein.
In spite of this obstacle, the future prospects for the Gluten-Free Food market look significantly positive.
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Key Companies Profiled in Gluten-Free Food Market are The Kraft Heinz Company, Kellogg's Company, General Mills, The Hain Celestial Group Inc , ConAgra Brands Inc, Hero AG, Barilla G.E.R Fratelli S.P.A, Freedom Foods Group Limited, Raisio PLC, Enjoy Life Foods, Others
Gluten-Free Food Market by Category
By Product Type, Gluten-Free Food Market is segmented as:
- Infant Formula
- Bakery Products
- Pasta
- Dairy Products
- Ready Meals
- Other Product Types
By Form, Gluten-Free Food Market is segmented as:
- Liquid Form
- Solid Form
By Source, Gluten-Free Food Market is segmented as:
- Animal Sources
- Dairy
- Meat
- Plant Sources
- Pulses
- Oilseed
- Rice
- Corn
- Others
By Sales Channel, Gluten-Free Food Market is segmented as:
- Offline Sales Channel
- Supermarkets/Hypermarkets
- Departmental Stores
- Convenience Store
- Other Sales Channel
- Online Sales Channel
- Company Website
- E-commerce Platform
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
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Explore FMI's related ongoing Coverage on Food and Beverage Domain
Gluten-Free Oats Market Size: Gluten-free oats market size is valued at US$ 157.4 Mn in 2022 and is expected to grow at a CAGR of 7.8% from 2022 to 2032.
Gluten-free pizza crust Market Share: Gluten-free pizza crust market size is projected to be valued at US$ 3.3 Bn in 2022 and is expected to witness growth at 7% CAGR between 2022 and 2032.
Gluten-free Bakery Premix Market Trends: Gluten-free Bakery Premix Market to surpass US$ 486 Mn by 2029.
Gluten-Free Products Market Demand: Gluten-Free Products Market: Assessment and Analysis | FMI
Better for You Snacks Market Analysis: Better for you snacks market is expected to reach a valuation of US$ 37 Bn by 2022, accelerating at a CAGR of 6.5% during 2022-2032.
Food Stabilizers Market Overview: Food stabilizers market is valued at US$ 2.8 Bn in 2022 and is projected to grow at a CAGR of 5.5% during the forecast period, to reach a valuation of US$ 4.7 Bn by 2032.
Wheat Protein Market Analysis: Wheat Protein Market is estimated to be valued at USD 3.3 billion in 2022 and is projected to reach USD 5.1 billion by 2032 recording a CAGR of 4.8%.
Starches/Glucose Market Trends: Starches/Glucose Market Forecast, Trend Analysis & Opportunity Assessment 2020-2030.
Dry Mixes Market Demand: Dry mixes market is anticipated to be valued at US$ 8,700.0 Million in 2022, forecast to grow at a CAGR of 5.9% to be valued at US$ 15,434.0 Million from 2022 to 2032.
Confectionery Ingredients Market Growth: Confectionery ingredients Market is expected to showcase substantial growth. From 2022-2032, sales of confectionery ingredients are forecast to incline at a 5.7% value CAGR, reaching US$ 130,743.3 Million.
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SOURCE: Future Market Insights
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