Vantage Market Research
Mar 14, 2023
In terms of revenue, the Global Gluten-Free Products Market is expected to reach by 2030, growing at a CAGR (Compound Annual Growth Rate) of 9.5% from 2023 to 2030.
The demand for gluten-free goods is anticipated to increase due to the increased prevalence of celiac disease and other disorders brought on by unhealthy lifestyles. The need for healthy food products to prevent conditions including metabolic syndrome, diabetes, obesity, chronic lung disease, and heart disease is anticipated to fuel market expansion. The COVID-19 pandemic has significantly impacted the use of Gluten-Free Products because of consumers' growing concerns about their health and well-being. Additionally, it is anticipated that both developed and developing nations will see an increase in the incidence of celiac disease and irritable bowel syndrome (IBS). A person with the syndrome is gluten sensitive, and eating gluten worsens their symptoms. The market demand is anticipated to be driven by the increasing prevalence of these diseases in developed nations from North America and Europe, including the United States, Canada, Germany, and France. Many consumers have adopted the diet of people for whom avoiding gluten is a strict medical requirement, motivated by others who advocate gluten-free diets for improved health.
People who require a gluten-free diet owing to pre-existing medical concerns and those who want to live a gluten-free lifestyle simply because it makes them feel better are increasingly the main drivers of market demand as more people experiment with new diets like the paleo or keto diets. In addition, with the help of technological innovations, consumers can tailor their shopping experiences to meet their specific nutritional needs as the world observes a shift in consumer adoption of healthier food. This will probably spur market expansion.
Key Highlights from the Report
- Based on the Types, the Bakery Products segment is anticipated to dominate the Gluten-Free Products market. This is because of growing consumer interest in natural and organic food goods, predicted to contribute to the segment's growth when paired with a comprehensive product line.
- The Plant-based products sub-segment of the Source segment accounted for the largest market share. This segment will likely flourish owing to factors like the growing percentage of vegans and vegetarians worldwide and growing consumer knowledge of the health advantages of Gluten-Free Products items.
- North America held the market share and is likely to be the most profitable market during the forecast period. Factors like the products' widespread accessibility in the area and the public's growing awareness of their health benefits will increase the market for sustainable products.
The market is anticipated to rise due to increased celiac disease patients and gluten intolerance. More than 80% of people in this group are unaware that they have celiac disease. Due to the rise in celiac disease patients, more gluten-free items are available. Additionally, the industry is growing due to increased millennial demand, better marketing initiatives, and enhanced distribution systems. As small and medium-sized food manufacturing businesses increase their investments, it is anticipated that the impact of these factors will increase dramatically.
Due to the rise in female work, prepared meals and gluten-free convenience foods are becoming increasingly popular. Due to rising customer demand for accessible and shelf-stable foods, the market for Gluten-Free Products is expanding. The rapid increase of large retail formats worldwide, such as convenience stores, specialized shops, pharmacies, and drugstores, also fuels the need for gluten-free goods. In addition, consumers are anticipated to purchase gluten-free items due to growing worries regarding health-related disorders like those caused by physical inactivity, diseases that vaccines can prevent, and others. Growing consumer demand for gluten-free goods presents businesses with profitable potential. Additionally, to remain competitive in the gluten-free product industry, producers have focused on offering consumers a variety of Gluten-Free Products that are higher in quality, flavor, and nutritional content. However, it is anticipated that price sensitivity may limit the market's expansion for gluten-free goods.
North America market is anticipated to observe significant market growth with the highest CAGR in the coming years. The rising awareness and consumption of gluten-free goods drive market trends in this region. Additionally, the anticipated rise in celiac disease patients—expected to double every fifteen years—will contribute to the market expansion for gluten-free goods. Moreover, the leading producers are concentrating on creating a wide range of Gluten-Free Products in the area, relying on these considerations and consumer demands.
The Global Gluten-Free Products Market is Segmented as follows
- Bakery Products
- Snacks & RTE Products
- Condiments & Dressings
- Pizzas & Pastas
- Other Types
- Distribution Channels
- Conventional Stores
- Specialty Stores
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
List of the Key Players of the Global Gluten-Free Products Market is
Conagra Brands Inc. (U.S.), The Hain Celestial Group Inc. (U.S.), General Mills Inc. (U.S.), Kellogg Co. (U.S.), The Kraft Heinz Company (U.S.), Hero AG (Switzerland), Barilla G.E.R. (Italy), Fratelli S.P.A. (Italy), Seitz Glutenfrei (Germany), Freedom Foods Group Limited (Australia), Ecotone (France)
The Global Gluten-Free Products Market Scope can be Tabulated as below
|Market Size Provided for Years||2016-2028|
|Regions & Counties Covered||
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis|