Gluten-Free Products Market is to reach USD 11.10 Bn by 2029 at a growth rate of 8.45 percent over the forecast period

Pune, May 22, 2023 (GLOBE NEWSWIRE) — Maximize Market Research, a global Food & Beverage market research firm, has published a competitive intelligence and market research report on the “Gluten-Free Products Market“. The Gluten-Free Products Market size was valued at USD 6.19 Bn in 2022. The total Gluten-Free Products Market revenue is expected to grow at a CAGR of 8.45 percent from 2022 to 2029, reaching USD 11.10 Bn during the forecast period.

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Gluten-Free Products Market Scope and Research Methodology

The report is a detailed analysis of the Gluten-Free Products Market covering all the major aspects such as segments, country-wise, and region-wise. For a better understanding of the Gluten-Free Products Industry penetration, competitive structure, pricing analysis, and demand, analysis of the market is undertaken at the local, regional, and global levels.

Major companies are mentioned by region, along with their revenue, portfolio, developments, mergers & acquisitions, and strategic alliances, for competitive analysis of the Gluten-Free Products Market. Growth potential and business forecast for new market entrants are provided in the Gluten-Free Products Market report.

Gluten-Free Products Market is segmented based on Product, distribution channel, and source to understand the variables and affect the market growth. A bottom-up approach was used to estimate the Gluten-Free Products market size. The primary and secondary methods were used to collect data from the Gluten-Free Products market. SWOT analysis was conducted to provide the strengths and weaknesses of the Gluten-Free Products market.

Gluten-Free Products Market Overview

Gluten is a protein found in grains such as wheat, barley, rye, and triticale. The purpose is to give the dough its elasticity used to produce a line of products by impacting the chewy texture and retaining the product shape. Increasing awareness of celiac disease and wheat allergies is expected to boost the market growth.

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Demand for snack-able gluten-free products to boost the Gluten-Free Products Market growth

Manufacturers are developing new products such as crackers, popcorn, and chips, which are gluten-free to meet the consumer’s demand. The increasing prevalence of celiac disease and other gluten-related disorders with increased benefits of a gluten-free diet is expected to boost the Gluten-free products market growth. People are diagnosed with gluten-related disorders and consumers seek out healthy and nutritious food options, which is significantly contributing to the growth of the market. Increased awareness of celiac disease, gluten intolerance, wheat allergies and changing dietary preferences with choosing healthier options is expected to boost the market growth.

Higher production costs, cross-contamination risks, and limited availability of gluten-free products in certain regions is expected to restrain the Gluten-free products market growth.

North America region to boost the Gluten-free products market growth over the forecast period

The North America region is steadily growing and is expected to dominate the Gluten-free products market over the forecast period. The United States is the major contributor to the growth of Gluten-free products in the North American region. The increasing prevalence of celiac disease, along with increasing health consciousness among consumers is expected to influence the regional Gluten-free products market growth. Consumer’s high disposable income and availability of products is significantly contributing to the growth of the market. Increasing demand for healthy and nutritious food options in Asia Pacific is expected to influence the growth of the Asia Pacific region.

Gluten-Free Products market segmentation

Based on Products, the market is segmented into Bakery, Dairy/ Dairy Alternatives, Meat/ Meats Alternatives, Condiments, Seasonings, and Spreads, Ready Meals, Pasta and Rice, and Others. The bakery product segment held the largest Gluten-free products market share in 2022 and is expected to dominate the market over the forecast period. Increasing awareness regarding healthy diet with gluten-free food is expected to boost the bakery segment growth in the market.

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By Product

• Bakery
• Dairy/ Dairy Alternatives
• Meats/ Meats Alternatives
• Condiments, Seasonings and Spreads
• Ready Meals
• Pasta and Rice
• Others

By Distribution

• Convenience Stores
• Supermarkets & Hypermarkets
• Specialty Stores
• E-commerce Platform
• Others

By Source

Gluten-Free Products Market Key Players include

• The Kraft Heinz Company (US)
• General Mills Inc. (US)
• Kellogg Company (US)
• Dr. Schär AG/SPA (Italy)
• Hain Celestial Group (US)
• Amys Kitchen, Inc. (US)
• Freedom Foods Group Limited (Australia)
• Pinnacle Foods Inc. (US)
• Bob’s Red Mill Natural Foods, Inc. (US)
• Hero Group AG (Switzerland)
• Boulder Brands, Inc. (US)
• Enjoy Life Foods (US)
• Farmo S.p.A. (Italy)
• Genius Foods Ltd. (UK)
• Aleia’s Gluten-Free Foods (US)
• Blue Diamond Growers, Inc. (US)
• Doves Farm Foods Ltd. (UK)
• Glutamel (UK)
• Golden West Specialty Foods (US)
• Mrs. Crimble’s (UK)
• Nature’s Path Foods, Inc. (Canada)
• Newburn Bakehouse (UK)
• Raisio PLC (Finland)
• The Hain Celestial Group, Inc. (US)
• The Pure Wraps (US)
• Udi’s (US)
• Warburtons (UK)

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Key questions answered in the Gluten-Free Products Market are:

• What are Gluten-Free Products?
• What was the Gluten-Free Products market size in 2021?
• What is the expected Gluten-Free Products market size by 2029?
• What is the growth rate of the Gluten-Free Products Market?
• Which are the factors expected to drive the Gluten-Free Products market growth?
• Which segment dominated the Gluten-Free Products market growth?
• What is the demand pattern for the Gluten-Free Products market?
• Which region held the largest share in the Gluten-Free Products market?
• Who are the key players in the Gluten-Free Products market?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation – A detailed analysis by product, distribution, and source
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

Maximize Market Research is leading Food & Beverages research firm, has also published the following reports:

Gluten Free Food Market: The total market size was valued at USD 10.81 Bn in 2029 and is expected to grow at a CAGR of 8.29 percent over the forecast period. The increase in Irritable Bowel Syndrome (IBS) and celiac disease is expected to boost the market growth.

Gluten Free Tortillas Market: The total market size was valued at USD 24.31 Bn in 2021 and the total revenue is expected to grow at 5.7 percent through 2022 to 2029, reaching USD 37.87 Bn. Consumers’ preference for high-quality and healthy food is expected to boost the market growth.

Gluten Flour Market: The total market size was valued at USD 20.39 Bn in 2021 and expected to grow at a CAGR of 7.9 percent during the forecast period to reach USD 37.46 Mn. increasing demand for ready-to-eat food, with presence of nutrients is expected to boost the market growth.

Gluten-Free Pasta Market: The total market size is expected to reach USD 1.82 Bn by 2029, at a CAGR of 4.8 percent during the forecast period. An increase in the number of celiac disease patients and gluten intolerance is expected to influence the market growth.

Millet Flour Market: The total market size was valued at USD 4.98 Bn in 2022 and Millet Flour market revenue is expected to reach USD 7.44 Bn by 2029, at a CAGR of 5.90 percent over the forecast period. The growing trend of gluten-free and plant-based diets is expected to boost the market growth.

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