Global Free From Food Market Top Key Players - Cargill Inc., Corbion Inc., Kerry Group PLC, Dupont, Kellogg Company, and General Mills, Inc.
the global free from food market size was valued at $90.1 billion in 2018, and is projected to reach $161.2 billion by 2026, growing at a CAGR of 7.7% from 2019 to 2026. In 2018, North America accounted for nearly 43.8% share of the market.
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The growth in value sales for free from ingredients is attributable to surge in demand for different free from food products, which facilitate better taste. Thus, increase in willingness of customers for different types of natural tastes in food & beverages is expected to fuel the demand for free from food market.
Over the years, general awareness among consumers about health and fitness has increased exponentially. Thus, rise in awareness of the side effects caused due to consumption of synthetic ingredients has boosted the growth of the free from food market. In addition, shift in preference of health-conscious consumers toward food items, which either do not contain artificial ingredients or free from food products augments the growth of the global market.
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The global free from food market is segmented into type, distribution channel, and region. Deepening on type, the market is categorized into dairy-free, sugar-free, carb-free, lactose-free, artificial ingredient-free food, and others. Among these, the sugar-free segment accounted for a higher value of free from food market share in 2018, owing to surge in demand for organic starch & sweeteners from various food manufacturers. On the basis of distribution channel, the market is divided into supermarket and hypermarket, specialty stores, online retail stores, and others. The specialty stores segment accounted for a higher value share in 2018, owing to rise in sales of beverages & foods through these specialty stores, which, in turn, increased the market revenue.
North America and Europe are known to be the dominant regions in the market. North America has witnessed higher rate of traction for different types of gluten-free, lactose-free, and natural ingredients owing to increased demand from the food & beverage industry. Some of the key macroeconomic factors such as rise in internet penetration rate and surge in per capita income also play an important role in contributing to the overall of the market growth.
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The key players operating in the free from food industry include The Kraft Heinz Company, The Hain Celestial Group, Inc., Cargill Inc., Corbion Inc., Kerry Group PLC, Ingredion Incorporated, Chr. Hasen A/S, Dupont, Kellogg Company, and General Mills, Inc.
Key Findings of the Study
Depending on type, the sugar-free segment garnered 30.0% of free from food market share in 2018, and is expected to grow at a CAGR of 7.0% from 2019 to 2026.
The artificial ingredient-free food segment was valued at $12.8 billion, and is expected to reach $20.3 billion by 2026, registering a CAGR of 6.1 %.
In 2018, by distribution channel, the dairy & frozen dessert segment accounted for 58.3% share of the market, and is expected to grow at the CAGR of 6.9%.
The online retail stores segment accounted was valued at $7.8billion, and is expected to reach $18.1 billion by 2026, registering highest CAGR of 11.3%.
Region wise, North America accounted for a prominent market share in 2018, and is anticipated to grow at a CAGR of 7.2% throughout the free from food market forecast period.
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