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Gluten Free Food Market Is Expected To Grow $12.33 Billion In 2033
Gluten Free Food
The Business Research Company's Gluten Free Food Global Market Report 2023 identifies increasing incidence of irritable bowel syndrome (IBS) and celiac disease as the major driver for the Gluten Free Food market's growth in the forecast period. The increasing incidence of irritable bowel syndrome (IBS) and celiac disease is expected to contribute to a higher demand for gluten-free food products. Celiac disease is a severe genetic autoimmune disease that damages the villi of the small intestine and affects the absorption of nutrients from food. According to the National Foundation for Celiac Awareness (NFCA), an estimated 3.0 million (1 in 133) Americans have celiac disease, however, 83.0% of the 3 million Americans are undiagnosed or misdiagnosed. A person suffering from IBS is sensitive to gluten, and consumption of gluten-containing foods aggravates the disease system. Therefore, the rising incidence of IBS and celiac diseases is projected to boost the demand for gluten-free food over the coming years.
he gluten free food market size has grown rapidly in recent years. It will grow from $7.62 billion in 2023 to $8.47 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to health and wellness awareness, rising prevalence of celiac disease, increasing awareness of the benefits of a gluten-free diet, growing demand for healthy and functional foods, rising disposable incomes.
The gluten free food market size is expected to see strong growth in the next few years. It will grow to $12.33 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%.
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Major competitors in the Gluten Free Food market are Pinnacle Foods Inc., Hain Celestial Group Inc., General Mills Inc., Kellogg Company, The Kraft Heinz Company, Genius Foods Pvt. Ltd.
Major companies operating in the gluten-free food market are increasing their focus on introducing innovative products, such as functional rice flour, to gain a competitive edge in the market. Functional rice flour typically refers to rice flour that has additional properties beyond basic nutrition. For instance, in June 2021, Ulrick & Short, a UK-based manufacturer of food, launched Fazenda Nutrigel-enriched rice flour. This was designed to enhance viscosity, texture, and structure in bakery applications for gluten-free products. The novel flour is acceptable for use in bakery goods free of gluten and is said to enhance the finished product's texture. There are no artificial additions or preservatives in the flour because it is a clean-label ingredient.
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The Gluten Free Food market is segmented -
• By Product Type: Bakery Products, Dairy Or Dairy Alternatives, Meats Or Meats Alternatives, Condiments, Seasonings, Spreads, Desserts And Ice Creams, Prepared Foods, Pasta and Rice, Other Product Types
• By Meal Type: Breakfast, Lunch, Dinner
• By Distribution Channel: Conventional Retailers, Natural Sales Channels
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Gluten Free Food market.
The Business Research Company's "Global Gluten Free Food Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Gluten Free Food Market Include:
1. Gluten Free Food Market Executive Summary
2. Gluten Free Food Market Segments
3. Gluten Free Food Market Size And Gluten Free Food Market Growth Rate
4. Key Gluten Free Food Market Trends
5. Major Gluten Free Food Market Drivers
……
25. Key Mergers And Acquisitions In The Gluten Free Food Market
26. Top Gluten Free Food Companies
27. Gluten Free Food Market Opportunities And Strategies
28. Gluten Free Food Market, Conclusions And Recommendations
29. Appendix
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