New York, NY, Dec. 05, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Gluten Free Product Market By Product (Bakery Products, Pasta & Pizza, Snacks & RTE Meals, Baby Food, Condiments & Dressings, and Other) and By Distribution Channel (Business To Business [Hospitality Services, Hotels & Restaurants, and Online Channel] and Business To Consumer [Supermarket/Hypermarket, Conventional Stores, Specialty Services, and Online Channel]): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2017–2024”. According to the report, the global gluten-free product market was valued at around USD 4.72 Billion in 2017 and is expected to reach approximately USD 7.60 billion by 2024, growing at a CAGR of around 7.12% between 2018 and 2024.
Gluten is the protein found in various grains, such as rye, wheat, barley etc. According to an independent survey, around 20% of consumers globally avoid certain foods due to allergies or intolerances. This provides an opportunity for many manufacturers to launch allergen-free products. Gluten intolerant population might suffer from autoimmune diseases, such as celiac. Increasing occurrences of celiac patients globally and growing awareness among the consumers regarding healthy diet and its importance is anticipated to fuel the gluten-free product market. Moreover, celiac is a genetic disorder and can be transferred from parents to their kids, which leads to the demand for gluten-free product for babies market.
Browse through 37 Tables & 18 Figures spread over 110 Pages and in-depth TOC on “Global Gluten-Free Product Market: By Product Type, Size, Share, Industry Segments, Demand, Analysis and Forecast, 2017–2024”.
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A growing number of gluten-intolerant working people globally is anticipated to spurt the gluten-free product market growth in the near future. This, in turn, is likely to generate a significant demand for gluten-free snacks and RTE products. This is encouraging the major market players to invest in gluten-free products. In addition, various local brands have started manufacturing gluten-free products, such as bread, pizzas, pasta etc. Moreover, the growing millennial population and rising standards of living are anticipated to boost the gluten-free product market growth.
By product, the global gluten-free product market is classified into bakery products, pasta and pizza, snacks and RTE meals, baby food, condiments and dressings, and others. The bakery products segment accounted for a substantial revenue share of the market in 2017. By distribution channel, the global gluten-free product market is segmented into business to business and business to consumer. The business to consumer distribution channel is anticipated to show a significant escalation in the near future in terms of revenue, owing to the growing popularity of convenience stores and supermarkets/hypermarkets and thriving e-commerce sector.
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North America is projected to show considerable growth in the gluten-free product market, owing to the increasing demand for gluten-free products. The demand for gluten-free products in this region is driven by an increasing preference for ancient grains, such as sorghum. Growing health awareness and benefits associated with gluten-free products is anticipated to boost the gluten-free product market in North America in the forecast timeframe. There has been increasing use of gluten-free products, owing to increasing occurrences of celiac disease. Intolerance to gluten and growing awareness regarding problems associated with gluten are anticipated to boost the gluten-free product market. In addition, the high demand for gluten-free products from the millennial population is anticipated to boost the gluten-free product market across the region in the near future. The increasing use of healthy alternatives, such as sweet sorghum, is used to produce gluten-free syrup and used as a natural sweetener for whiskey, rum etc. is anticipated to boost the gluten-free product market in North America in the near future. Moreover, busy/hectic lifestyle, changing food habits, and growing preference for healthy food products are anticipated to boost the gluten-free product market.
Majority of the European population is focusing on gluten-free products, owing to rising cases of celiac disease. In addition, there is a significantly high demand for gluten-free bakery products, such as, cookies, bread, and snacks, which are anticipated to boost the gluten-free product market. The UK is the major marketplace with growing demand for gluten-free products. This, in turn, is anticipated to boost the gluten-free product market in this region.
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The Asia Pacific gluten-free product market is anticipated to show a significant growth in the near future. The increasing consumer preference for healthy and high-quality food products is anticipated to drive the gluten-free product market. In addition, increasing disposable income and willingness to pay more for healthier food products are projected to increase the gluten-free product market demand in this region. China is anticipated to witness good growth in the gluten-free product market during the forecast timeframe, owing to the rising per capita income along with increasing population.
The Latin American gluten-free market is expected to demonstrate moderate growth in the forecast timeframe. This is mainly due to the growing application of gluten-free grains in food and beverages industry. Gluten-free grains are used increasingly as natural sweeteners in various beverages, such as whiskey, rum, etc. Growing tourism industry in this region is anticipated to trigger the food and beverages industry, which in turn, is expected to positively influence the gluten-free product market growth.
Browse the full "Gluten-Free Product Market By Product (Bakery Products, Pasta & Pizza, Snacks & RTE Meals, Baby Food, Condiments & Dressings, and Other) and By Distribution Channel (Business To Business [Hospitality Services, Hotels & Restaurants, and Online Channel] and Business To Consumer [Supermarket/Hypermarket, Conventional Stores, Specialty Services, and Online Channel]): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2017–2024" report at https://www.zionmarketresearch.com/report/gluten-free-product-market
The Middle Eastern and African gluten-free product market is anticipated to show slow growth in the forecast span, owing to low awareness regarding gluten along with the complications associated with it.
Some of the key players of the gluten-free product market are Alara Wholefoods Ltd., Sanitarium Health & Wellbeing Company, Amy’s Kitchen, Bagrrys India Ltd., Country Choice, General Mills, Kellogg’s, Nestle, Nature’s Path, Raisio, Uncle Tobys, Weetabix, MOMA, and Quaker Oats Company, among others.
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This report segments the global gluten-free product market as follows:
Global Gluten-Free Product Market: Product Category Segment Analysis
- Bakery Products
- Pasta & Pizza
- Snacks & RTE Meals
- Baby Food
- Condiments & Dressings
- Others
Global Gluten-Free Product Market: Distribution Channel Segment Analysis
- Business To Business
- Hospitality Services
- Hotels & Restaurants
- Online Channel
- Business To Consumer
- Supermarket/Hypermarket
- Conventional Stores
- Specialty Services
- Online Channel
Global Gluten-Free Product Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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