Gluten Free Snacks Demand Is Expected To Grow At A 8.3% CAGR From 2022 To 2031

Allied Market Research recently published a report, titled, "Gluten Free Snacks Market by Product Type (Nutrition Bars, Candy Bars, Salty Snacks, Nuts, and Others), by Distribution Channel (Convenience Stores, Supermarket and Hypermarket, Specialty Stores, Drugstores and Pharmacies, E commerce, and Others), and by Generation (Millennial, Generation X, and Baby Boomers): Global Opportunity Analysis and Industry Forecast, 2021-2031." As per the report, the global gluten free snacks industry was estimated at $843.6 million in 2021, and is set to reach $1.8 billion by 2031, growing at a CAGR of 8.3% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios.

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Drivers, restraints, and opportunities

Growing awareness about gluten intolerance along with surging awareness about health consciousness among the global population will boost the growth of the global gluten free snacks market. Furthermore, a surge in the number of celiac patients and gluten-related allergies will create huge demand for gluten free snacks. In addition, the surging popularity of convenience diets among the millennial population will create new growth avenues for the global industry. However, huge product costs and easy availability of substitute food products such as functional foods and food supplements can put brakes on the global industry.

Regional Analysis:

Region-wise, North America garnered a significant gluten free snacks market share in 2021, and is expected to maintain its market share throughout gluten-free snacks market forecast period. The North America market for gluten free snacks is driven by an increase in the consumption of convenience foods such as snacks and rise in concerns about health and fitness. Moreover, North America has a developed retail structure that allows consumers to conveniently purchase food and groceries. This easy availability helps with the overall sale of convenient goods such as the gluten free snacks.

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The E Commerce segment to hold the major market share over 2022-2031

On basis of distribution channel, the supermarket and hypermarket segment contributed to the largest market share in 2021, accounting for more than two-fifths of the global gluten free snacks market share. Furthermore, the e commerce segment is anticipated to dominate the growth of the global market over the forecast period. Moreover, this same segment is slated to record the fastest CAGR of 10.6% over the assessment period. The growth of the segment over the forecast timeline is subject to surging preference of consumers towards online purchase of gluten free snacks due to its easy access and convenience.

Gluten free snacks market Introduction, Overview, and In-depth industry analysis:

-> Top key players with their business strategy, sales volume, and revenue analysis

-> Latest technological developments

-> Robust facts and factors research methodology

-> Regional analysis with a graphical representation of size, share & trends

-> Market trends, obstacles, and growth drivers

-> Includes list of table & figures

Leading Key Players:

The players operating in the global gluten free snacks industry have adopted various developmental strategies to expand their gluten free snacks market size, increase profitability, and remain competitive in the market. The key players profiled in this report are Freedom Foods Group Limited, General Mills, Inc., Kellogg Company, Koninklijke Wessanen N.V, Mondelez International Inc, ConAgra Foods Inc, Quinoa Corporation, The Hain Celestial Group, Inc, The Kraft Heinz Company and Valeo Foods Group Ltd.

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