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Gluten-Free Pasta Market in Emerging Economies will witness a CAGR of 4.5% through 2025

01-27-2020 02:27 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

Gluten-Free Pasta Market

Gluten-Free Pasta Market

Gluten-Free Pasta Market was pegged at $909.8 million in 2017 and is projected to reach $1.29 billion by 2025, registering a CAGR of 4.5% from 2018 to 2025.

Increase in number of patients suffering from celiac disease in North America, rise in rate of pasta consumption, and surge in demand for free-from products are the major drivers of the global gluten-free pasta market. Moreover, increase in number of health- and beauty-conscious consumers supplemented the market growth. However, high pricing of gluten-free products and unappealing taste and texture of gluten-free products hamper the market.

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The global gluten-free pasta market is segmented on the basis of type, distribution channel, and geography. Based on type, the market is categorized into brown rice pasta, quinoa pasta, chickpea pasta, and multigrain pasta. The brown-rice pasta segment held the largest share, contributing nearly one-third of the total market and is projected to continue its trend throughout the study period. However, the chickpea pasta segment is expected to manifest the fastest CAGR of 5.2% during the forecast period, owing to increase in demand from health-conscious consumers.

The market is analyzed across various regions such as Asia-Pacific, North America, Europe, and LAMEA. The market across Europe held the largest share, contributing nearly half of the total share and is expected to continue its dominance throughout the forecast period, owing to increase in a number of celiac diseases in the region. However, the market across the Asia-Pacific region is expected to manifest the fastest CAGR of 6.3% during the forecast period, owing to rise in pursuit for food products that need minimal time to cook.

On the basis of distribution channel, the market is divided into retail shops, supermarkets/hypermarkets, and e-commerce. The retail store segment held the largest share, accounting for more than half of the total market share and is estimated to register the fastest CAGR of 4.1% during the forecast period.

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Major Players: H.J. Heinz Company L.P., Quinoa Corporation, Bionaturae LLC, RPs Pasta Company, Barilla G.E R. F. LLI S.P.A., Doves Farm Foods Ltd, DR. SCHR AG/SPA, AMI Operating Inc., Pastificio Lucio Garofalo S.p.A., and Jovial Foods Inc.

Key Findings of the Gluten-Free Pasta Market:

o In 2017, based on product type, the brown rice pasta segment accounted for around 32.2% share, growing at a CAGR of 4.3% from 2018 to 2025.
o In 2017, based on distribution channel, the retail store segment accounted for 55.0% share of the market and is expected to growth at the highest CAGR of 4.1%.
o In 2017, based on region, Europe accounted for a prominent market share of market and is anticipated to grow at a CAGR of 4.0% throughout the forecast period.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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