Gluten-Free Products Market Worth $7.59 Billion by 2020
The global market for gluten-free products was valued at $4.63 billion in 2015
The report "Gluten-Free Products Market by Type (Bakery Products, Pizzas & Pastas, Cereals & Snacks, Savories, and Others), Source (Oilseeds & Pulses, Rice & Corn, Dairy & Meat Products, and Other Crops), & by Region - Global Trends & Forecast to 2020" published by MarketsandMarkets, The global market for Gluten-Free Products was valued at $4.63 Billion in 2015 and is projected to reach $7.59 Billion by 2020, at a CAGR of 10.4% from 2015 to 2020.
The market report defines and segments the Gluten-Free Products Market with analysis and projections of the size of the market both in terms of volume and value. It also identifies the driving and restraining factors of the market with analysis of trends, opportunities, and challenges. The market is segmented and projected, on the basis of regions into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The market size is projected on the basis of type and region. The market for gluten-free products has a significant impact on processed food sector.
The value of the Gluten-Free Products Market, in terms of volume, is estimated to be 393.43 KT in 2015, projected to grow at a CAGR of 9.2% from 2015 to 2020. The global market for Gluten-Free Products Market was valued at USD 4.63 Billion in 2015 and is projected to reach USD 7.59 Billion by 2020, at a CAGR of 10.4% from 2015 to 2020. The European region is projected to be the fastest-growing market in the near future owing to the health concerns in the region. Gluten-free products have been witnessing strong growth even among non-celiac patients with more number of new product introductions in snacks and alcoholic beverages.
In this report, the Gluten-Free Products Market is segmented on the basis of type, and region, and is analyzed in terms of value (USD million) and volume (kilotons). Key countries which accounted for a large share in each region have been studied individually. The market size for the remaining countries in the respective regions has been studied collectively as a single market at the end of each of the respective segments.
Efficient gluten-free products offer solutions for the aging population as well as for those to whom health has become a primary concern. There is a wide variety of gluten-free products available at the market. The rising incidence of obesity, diabetes, celiac disease, other diagnosed food intolerances, and growing consumer awareness to address these conditions expanded the market to manufacture customized allergen-free products. Digestive health reasons, weight management, and nutritional values are some of the reasons that are driving the Gluten-Free Products Market. The market is well developed in the U.S. and Europe due to significant awareness about the need to limit gluten-intake in diets and control the risks in the occurrence of celiac disease. The increasing number of celiac and gluten intolerant patients has increased the demand for the gluten-free products. Gluten-free products have been gaining promotions through strong retail presence and government initiatives in these regions. One of the major restraints of the Gluten-Free Products Market is a lack of awareness in developing regions such as Asia-Pacific and Latin America. Many consumers are less aware of the difference between allergy and intolerance.
Furthermore, many consumers are either misdiagnosed or undiagnosed entirely for the celiac disease.
Bakery products: Largest market segment
Gluten-free bakery products include bagels, muffins, baking mixes, breads, pretzels, crackers, rolls & buns, cookies & wafers, and baking powder. Product developments have been highly concentrated towards in food segments such as bakery products and cereals & snacks. Due to the easy availability of corn, sorghum, and quinoa, product innovations for bakery products have been based on these gluten-free sources in the developed markets of the U.S., Canada, Italy, and Germany. The cereals & snacks segment is projected to be the fastest growing segment from 2015 to 2020.