Press release
Global gluten-free food market to expand at 7.60% till 2023
The global gluten-free food market is expected to expand at a compound annual growth rate (CAGR) of 7.60 %, and reach a market siz
February 2, 2019 - According to a new Netscribes’ report published on Research on Global Markets, the global gluten-free food market is expected to expand at a compound annual growth rate (CAGR) of 7.60 %, and reach a market size of USD 6.47 Bn by 2023.
The global gluten-free food market is divided into 3 segments – product type, distribution channel and region. Based on the type of products, there are seven types of gluten-free food: bakery food, dairy food, pasta, spreads, condiments, spices, ice creams, desserts and ready to eat food. Gluten makes dough elastic, which makes it an important ingredient for baking. Gluten-free bakery food segment dominated the global gluten-free food market with 29% of the market share in 2018 and this segment is expected to expand at a CAGR of 8.5% by 2023. Based on distribution channels, the market is bifurcated into specialty stores convenience stores and pharmacies. North America dominated the global gluten-free food market with a 53% market share in 2018 due to a rise in the number of patients suffering from celiac diseases. Europe is expected to record a CAGR of 10.3% by 2023 due to growing health awareness among consumers regarding gluten induced health problems.
Gluten-induced allergies and celiac diseases have made gluten consumption a matter of concern for the health industry. A gluten-free diet is prescribed to someone who experiences allergies or discomfort once he or she consumes gluten. This discomfort can be in the form of nausea, anemia, gastroenteritis, and other health problems.
Key highlights of this report:
1. Scope and segmentation of the global gluten-free food market
2. Qualitative analysis of the drivers and challenges affecting the market and its segments
3. Analysis of the market attractiveness and geography-wise market revenue in USD (North America, Europe, Asia Pacific, South America, Middle East, and Africa)
4. Analysis of the key developments, collaborations, innovations and major players operating in the market
5. Market segmentation based on the product (bakery food, dairy food, meat, and meat substitutes, desserts and ice cream, condiments, spices and spreads, pasta, and ready-to-eat meals)- historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
6. Market segmentation based on distribution channels (conventional stores, specialty stores, and drug stores)- historical (2015-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
For more information, download the Global carbonated beverage market:
https://www.researchonglobalmarkets.com/global-gluten-free-food-market-2018-2023.html
About Research on Global Markets:
Owned by Netscribes, Research on Global Markets draws from the company’s vast experience in market research and intelligence. For any queries related to our products and services, feel free to get in touch with us at support@researchonglobalmarkets.com.
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Name: Ejaz Ahmed
Email: ejaz.ahmed@researchonglobalmarkets.com
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