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Saudi Arabia Gluten Free Products Market is calculated to increase at a higher CAGR till 2027 | Size, analysis & Forecast

11-02-2022 12:33 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Gmi Research

Saudi Arabia Gluten Free Products Market

Saudi Arabia Gluten Free Products Market

Saudi Arabia Gluten Free Products Market

The Saudi Arabia Gluten Free Products Market is expected to grow at a robust CAGR over the forecast period (2020-2027).

For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/saudi-arabia-gluten-free-products-market/

The factors driving growth of the Saudi Arabia Gluten Free Products Market includes rising prevalence of heart diseases, diabetes, and obesity across Saudi Arabia, growing consumers inclination towards adopting healthy lifestyles, rising availability of gluten free products at distribution channels and improvements in the living standards. According to the report published by World Health Organization (WHO), Saudi Arabia ranks World Health Organization (WHO) ranked as second highest in the Middle East region and comes seventh in the world for the rate of diabetes, it is calculated that 7 million people across Saudi Arabia are diabetic and approximately 3 million have pre-diabetes, which is pushing the demand for gluten free products. Moreover, growing adoption of advanced technologies by manufacturers, rising availability of gluten-free products at online stores, increased diagnosis of celiac disease and other food allergies, and rapid urbanization, are some of the additional factors supplementing the Saudi Arabia Gluten-Free Products Market size. In addition, the increasing investments by leading players on research and development, strategic alliances between companies, rise in the launch of innovative products and growing disposable incomes, are further contributing to the market growth.  

However, growth of the market is hindered because inadequate amount of dietary fibers in gluten-free products are causing digestive problems.

The leading players operating in the Saudi Arabia Gluten Free Products Market are The Hain Celestial Group, Inc., General Mills, Inc., Kellogg Company, Dr. Schar AG, Nestle, The Kraft Heinz Company, and Hero AG, among others.

Based on Product Type, the Snacks & RTE products segment is predicted to expand at a remarkable CAGR during the forecast period

Rising demand for ready to eat products, growing focus by manufactures on developing gluten-free products, increasing influence of western culture across Saudi Arabia and rapid urbanization, are some of the factors propelling the market growth.

Based on Distribution Channel, the Hypermarket/Supermarket segment is projected to capture the largest market share over the forecast period

Supermarkets and hypermarkets provide wide range of international food products, offers attractive discount options and free home-delivery options on bulk purchases, are some of the factors pushing growth of the segment.

On the other hand, the Online segment is anticipated to expand at a significant CAGR during the forecast period because Online stores are open 24*7, provides hassle free delivery options. The increasing internet penetration rates across Saudi Arabia and rising accessibility to smartphones, are some of the important factors propelling the segment's growth.

Market Segmentation

Segmentation by Product Type

Bakery products
Snacks & RTE products
Pizzas & Pastas
Desserts & Ice Creams
Condiments & Dressings
Others

Segmentation by Distribution Channel

Hypermarket/Supermarket
Convenience Stores
Online
Others

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe - +353 1 442 8820; US - +1 860 881 2270
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Website: https://www.gmiresearch.com/

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GMI Research's leadership team with extensive experience in research and consulting together with our research and domain expertise creates a strong value proposition to create solutions that addresses our clients business problems and add significant value to long lasting relationship.

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