Press release
Allergen Free Food Products Market Insights, Business Opportunities, Competitor Analysis, Forthcoming Developments & Future Investments 2018 to 2023
Market Overview:
The global market for allergen free food products is observing rapid growth over the past few years due to rising cases of allergies and sensitivity towards certain food ingredients. The most common and dominating allergies among the population include that of gluten, lactose, sugar and others. The various types of allergen free food products include gluten-free products, lactose-free products, diabetes food products, and others. These products have become a necessity rather than option among a large group of population.
Allergen free food products are growing rapidly over the past years. Increasing cases of allergies towards certain food ingredients followed by advancement in the diagnosis of such allergies is driving the growth of the market. Moreover, growing inclination of the population towards healthy and low sugar food products will predominantly affect growth of the allergen free food products market.
Growing demand for gluten-free bakery products in the developing countries is supporting the growth of the market. Moreover, increasing demand for lactose free products among the growing population of lactose intolerance is further boosting the growth of the allergen free food products market. Additionally, new product developments and easy availability of products in the market is surging its growth. However, premium prices of the products may hamper the growth of the market. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 8.9% of allergen free food products market during the forecast period 2017-2023.
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Major Key Players:
The major players in the Allergen Free Food Products Market,
Mead Johnson Nutrition Company (U.S.)
Boulder Brands, Inc. (U.S.)
Abbott Laboratories (U.S.)
Kraft Heinz Company (U.S.)
Nestle (Switzerland)
Danone SA (France)
General Mills (U.S.) and
Kellogg Co. (U.S.)
Downstream Analysis:
On the basis of type, allergen free food products is segmented into gluten-free, lactose-free, diabetes food, and others. Among all, lactose-free segment is dominating the market followed by gluten-free segment. However, increasing cases of diabetes among the population is driving the growth of diabetes food products market over the forecast period.
Based on the packaging material, allergen free food products market is segmented into glass, plastic, metal, paper, and others. Among all, paper and plastic segment are witnessed to be the fastest growing segments.
On the basis of distribution channel, allergen free food products market is segmented into store based and non-store based distribution channel. Among them, store based distribution channel is dominating the market. Availability of wide range of products followed by convenience of finding all products under one roof is driving the growth of this segment.
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Regional Analysis:
The global allergen free food products market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). North America is dominating the market. The U.S. is the major contributor in North America owing to the increasing rate of lactose intolerants in this region. In Europe, growing bakery industry followed by growing cases of Celiac diseases is driving the growth of allergen free food products market.
Asia Pacific is anticipated to be the fastest growing region for allergen free food products market. India and China are majorly contributing to the growth of allergen free food products market in Asia Pacific. Innovations and technological advancement is boosting the growth of allergen free food products in rest of the world. Among them, Latin America is projected to be the major contributor to the allergen free food products market.
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