NEWARK, Del, Nov. 08, 2022 (GLOBE NEWSWIRE) -- The global gluten free prepared food market is predicted to reach a value of US$ 11570.14 Mn in 2032, with sales growing at a strong CAGR of 7.2% from 2022 to 2032. In 2022, the target market will reach an estimated US$ 5762.1 Mn. A rise in food intolerances and allergy cases along with a swell in health consciousness among consumers will induce growth for the gluten-free prepared food market during the forecast period.
The gluten-free prepared food market is primarily bolstered by the growing awareness of various food sensitivities and allergies among consumers. Many market participants in the ready-to-eat food sector are focusing on increasing investments in customized food products to suit specific food preferences. In addition, the convenience and easy access to gluten-free meals through expansive distribution platforms such as supermarkets, grocery shops, and organic food shops will further fuel the demand for global gluten-free prepared during the projected period.
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Moreover, gluten-free food products manufacturers are producing novel items that are designed to boost flavor and nutritional benefits. The availability of a wide range of similar goods is expected to propel the growth of the global gluten-free prepared food market. Similarly, many manufacturers are opting to produce gluten-free baked items to improve nutritional value while avoiding negative effects. Constant product development and enhancement in flavor and variety are boosting demand for bakery and ready-to-eat meal items, have lead to a positive growth in the gluten-free food sector. All of these considerations, thus, aid in the growth of the target market during the forecast period.
Key Takeaways:
- Lack of dietary fibers in gluten-free products will stymie the market growth.
- By distribution channel, the supermarkets and hypermarkets segment will lead the market.
- By product type, the bakery segment will dominate the gluten free prepared food market.
- North America accounts for over half of the total gluten free prepared food consumer base.
- In 2022, Europe will hold 39.5% of the global gluten free prepared food market.
- The Asia Pacific region is expected to record a faster growth rate and count for a significant portion of the global market.
“Rising food sensitivities and allergies coupled with growing health consciousness and diet trends will induce the global growth of the gluten free prepared food market over the forecast period,” says an FMI analyst.
Competitive Landscape
Ener-G Foods, Inc., General Mills Inc., Enjoy Life Foods, Udi's Healthy Foods, LLC, B&G Foods, Inc, Dr. Schär AG / SPA, Mrs Crimble's, Hain Celestial, Genius Foods, Kellogg's Company, Kraft Heinz Company, and Conagra Brands Inc., among others are some of the major players in the gluten free prepared food market profiled in the full version of the report.
Leading market players are keen on expanding their product portfolios. These firms are forming partnerships and collaborating with different small and major regional players to deepen their geographical reach.
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More Insights into Gluten Free Prepared Food Market Report
In its latest report, FMI offers an unbiased analysis of the global gluten free prepared food market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (bakery products, pasta, ready-to-eat products, bread and rolls), distribution channel (grocery store, supermarket and hypermarket, health and natural food store, drug store), and region.
According to the latest FMI reports, based on segmentation, the bakery product segment will contribute significantly to the market growth. Due to increasing popularity of baked goods and the growing awareness of health benefits of baked gluten-free items, this segment will likely lead the market growth. In terms of distribution channel, supermarkets and hypermarkets will contribute greatly to the overall market due to the convenience of one-stop shopping.
Based on region, the gluten free prepared food market in North America is anticipated to dominate the international space during 2022-2032. With the United States accounting for a significant market share in North America, the regional market is expected to continue to flourish over the next few years. In addition, a surge in the number of people with celiac disease and other food intolerances along with greater acceptance of gluten free products due to medical benefits will further drive the gluten free prepared food market growth in North America. Besides, Europe and Asia Pacific region will demonstrate considerable growth in the gluten free prepared food market during the forecast period.
Gluten Free Prepared Food Market: Segmentation
By Product Type:
- Bakery Products
- Pasta
- Ready to Eat Products
- Bread and Rolls
By Distribution Channel:
- Grocery Store
- Supermarkets and Hypermarkets
- Health or Natural Food Store
- Drug Store
By Region:
- North America (U.S., Canada)
- Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
- Europe (EU-5 countries, Nordic countries, BENELUX, Russia, Poland, Rest of Europe)
- APAC (China, India, Japan, ASEAN, Australia & New Zealand)
- MEA (GCC Countries, S. Africa, N. Africa, Rest of MEA)
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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
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Explore FMI’s related ongoing Coverage on Food and Beverage Domain
Gluten-Free Products Market Size:The global gluten-free products is expected to accumulate a market value of US$ 11,191.82 Million by registering a CAGR of 7% in the forecast period 2022-2032.
Gluten-Free Oats Market Share:The global 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 Flours Market Analysis:Gluten Free Flours market is expected to grow at a CAGR of 3.8%. The market value is projected to increase from US$ 6,173.0 Mn in 2022 to US$ 8,963.4 Mn by 2032.
Gluten-Free Food Market Trends:The overall demand for gluten-free foods is slated to grow at 7.5% CAGR between 2022 and 2032, surpassing a valuation of US$ 14 billion by the end of 2032.
Gluten-free pizza crust Market Growth:The global 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 Value:The global gluten-free bakery premix market size was valued at US$ 379.4 Mn in 2022 and it is expected to grow at a CAGR of 5.7% from 2022 to 2032.
Gluten-Free Soup Market Sales:The global gluten-free soup market is expected to reach market valuation of US$ 2.3 Bn by the year 2022, accelerating with a CAGR of 7.3% by 2022-2032.
Gluten Free Pasta Market Overview:The global gluten free pasta market is expected to reach US$ 1.1 Bn in 2022 and it is expected to grow at a CAGR of 4.5% over the forecast period.
Gluten Free Tortilla Market Forecast:The global gluten free tortillas market is expected to reach market valuation of US$ 6.3 Bn by the year 2022, accelerating with a CAGR of 6.4% by 2022-2032, to reach a value of US$ 11.8Bn by 2032.
Wheat Gluten Market Demand:Wheat gluten market is anticipated to be valued at US$ 12.8 Billion in 2022 and exhibit growth at a CAGR of 9.1% in the forecast period (2022-2032).
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