Press release
Gluten Free Bakery Market is expected to grow at a CAGR over 9.7% post 2023
Market Overview
Gluten is a combined of storage protein such as prolamins and glutelins. Gluten is found in wheat, barley, rye, oat, related species and hybrids. Gluten causes various disorders which include celiac disease, non-celiac gluten sensitivity, gluten ataxia, and wheat allergy. The demand of the gluten free food product is increasing gradually owing to the increasing consumer awareness regarding celiac diseases. Among the Gluten Free Food Product, Gluten Free Bakery & confectionery is gaining traction.
Competitive Analysis-
The major key players in the Gluten Free Bakery Market are
• Dr. schär ltd.(U.K.)
• Freedom Foods (Australia)
• General Mills, Inc. (U.S.)
• Hain Celestial Group (U.S.)
• Hero Group Ag (Switzerland)
• Blue Diamond Growers (U.S.)
• Enjoy life Foods (U.S.)
Global Gluten Free Bakery Market is highly concentrated in Europe. North America has massive potential for gluten free bakery, as there is an increasing awareness regarding celiac diseases coupled with the per capita disposable income is anticipated to fuel the sales of gluten free bakery during the forecast period.
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Market Forecast
The Global Gluten Free Bakery Market is observing an impressive growth over the last few years. One of the significant reason of increasing chronic diseases in the Europe region. Due to the increasing diseases of obesity, diabetes and others key players are coming up with various customized gluten free bakery products which in turn is escalating the sales of gluten free bakery products during the forecast period. Food & Drug Administration (FDA) has made various rules & regulation for the labelling of gluten free food products, this will influence the market during the forecast period. Moreover, bakery manufacturers are launching new product line which is playing a crucial role to enhance the growth of the gluten free bakery product during the forecast period.
Downstream Analysis-
Corn is estimated to be the attractive ingredients in the gluten free bakery products and also accounting more than 25% of market proportion in the gluten free bakery market. Among the product type bread is holding major market proportion in the global gluten free bakery market and it is estimated to retain its dominance throughout the forecast period of 2017-2023. However, cookies & biscuit segment is estimated to grow fast as compare to the other segment. Store based distribution channel is accounting maximum market share in the global gluten free bakery market. Non store based distribution channel is projected to grow steadily during the forecast period.
Access the market data and market information presented through more than 60 market data tables and 25 figures spread over 110 numbers of pages of the project report “Gluten Free Bakery Market - Forecast to 2023”
Regional Analysis
The global gluten free bakery market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Among these, Europe region is expected to retain its dominance throughout the forecast period. This is attributed by the rising incidence of obesity, diabetes, celiac disease in various developed countries of developed economies. North America region is also estimated to hold decent market proportion in the year of 2017 and it is estimated to register substantial CAGR during the review period of 2017-2023. Latin America also finds an attractive opportunity in the gluten free bakery market during the forecast period.
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Market Segmentation-
Global Gluten Free Bakery Market is segmented by ingredients, product type, distribution channel and region
List of Figures
FIGURE 1 Research Methodology
FIGURE 2 Primary Data Analysis Approach
FIGURE 3 Secondary Data Analysis Approach
FIGURE 4 Trends In Gluten Free Bakery Imports 2012-15
Continued….
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