Gluten Free Food Market - Healthy Living Trends Shift Consumer Preference to Gluten Free Food
The gluten-free food market is segmented on the basis of product type and geography. By the type of product, the market is categorized into baby food, ready-to-eat meals, bakery products, and pasta. By geography, the gluten-free food market is divided into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
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The report on the gluten-free food market is a comprehensive evaluation of the scope and dynamics of the global market. It focuses on the key growth trends and determining factors that have had an impact on the gluten-free food market in the past and forces that are likely to influence its trajectory in the coming years. Valuable insight into the workings of the global gluten-free food market has been provided by industry experts and analysts to give readers a clear, unbiased, and in-depth understanding of the market.
Overview of the Gluten Free Food Market
The report states that the global gluten-free food market is poised to expand at a 7.70% CAGR from 2015 to 2021, rising from a value of US$2.8 bn in 2014 to US$4.8 bn in 2021. By volume, the gluten-free food market is anticipated to grow from 277.2 thousand metric tons in 2014 to 423.0 thousand metric tons in 2021 at a 6.10% CAGR therein. This growth can be attributed to the rising demand for innovative gluten-free bakery products, the growing focus on weight management, and the increase in public awareness regarding the potential benefits of gluten-free food. On the flip side, the lack of awareness about celiac disease is anticipated to hamper the development of the gluten-free food market.
The gluten-free food market is dominated by gluten-free bakery products. This segment comprises biscuits, donuts, muffins, bread, cakes, pies, and pastries. Region-wise, Europe holds the largest share in the global gluten-free food market, making up 52.5% in terms of revenue in 2014. North America is likely to be the fastest expanding regional market by 2021 fueled by the positive consumer response to gluten-free diet and the rising number of patients suffering from celiac disease.
Companies Mentioned in the Report
The leading companies profiled in the gluten-free food market report are Genius Foods Ltd, Freedom Foods Group Ltd, Dr Schar AG/SpA, Hain Celestial Group Inc, and Boulder Brands Inc. These players are evaluated based on key criteria such as company overview, business strategies, product portfolio, financial performance, and recent developments.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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