Food Intolerance Products Market to Reach $13.9 Billion by 2022 | Key Players: Nestle S.A., General Mills, Inc., Abbott Laboratories, Kraft Heinz Company, Dr. Schr AG / SPA, Mead Johnson Nutrition Company
Major market drivers include, the rise in prevalence of food intolerance accompanied by increasing popularity of specialty well-being food products, resulting in constant sales growth for food intolerance products.
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Majority consumers choose food intolerance products over their alternatives to avoid consumption of food ingredients that are perceived to have negative impacts on the health even without being diagnosed with intolerance. With growing celiac and crohns diseases and consumer health consciousness, the demand for food intolerance products has grown considerably.
Major Players: Nestle S.A., General Mills, Inc., Abbott Laboratories, Kraft Heinz Company, Dr. Schr AG / SPA, Mead Johnson Nutrition Company, Danone S.A., Fifty 50 Foods Corporation, Boulder Brands, Inc., and Kellogg Company.
Lactose-free food products and gluten-free food products segment held a prominent position with major revenue share and is projected to continue its dominance during the forecast period. Lactose-free dairy products and gluten-free bakery products are the major revenue generating sub segments in respective sectors.
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This rising trend in gluten-free products is majorly fuelled by celiac diagnosed patients, improved government (labelling) regulations, and innovative new product launches. However, the high cost of gluten-free products and lack of awareness on food intolerance products restrict the growth of food intolerance products market.
Key Findings of Food Intolerance Products Market:
• Gluten-free baby food products are projected to be the fastest growing segment in global gluten-free food products market registering a CAGR of 8.8% during the forecast period.
• Lactose-free dairy products held around two-thirds market share in the global lactose-free food market in 2015.
• North America is projected to occupy the highest market share with a CAGR of 5.3% during analysis period.
• The U.S. would continue to lead the North America food intolerance products market with a CAGR of 5.1% during the forecast period.
• Germany held largest market shares in the European region in 2015, whereas Poland intends to grow in the future with the highest CAGR of 9.6% during the forecast period.
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