Global Gluten Free Food Market Thrives on Account of Rising Health Consciousness among Consumers

2024-11-07 08:36:15 Lifestyle

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Gluten free food products are the latest trend among health-conscious consumers across the world. The rising awareness pertaining to the benefits offered by gluten free food has prompted a significant number of consumers to shift towards gluten free diet.According to a research report, published by Transparency Market Research (TMR), the global gluten free food products market stood at US$2.8 bn in 2014. Stimulated with the increasing demand for innovative gluten free food items, the market is likely to expand at a CAGR of 7.70% during the period from 2015 to 2021 and reach a value of US$4.8 bn by the end of 2021.

Further, the market study reports that this market produced 277.2 (?000) tons of gluten free food products in 2014 and is likely to reach a production volume of 423.0 (?000) tons till 2021, rising at a CAGR of 6.10% between 2015 and 2021.

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Gluten Free Bakery Products to Retain Leadership among All Product Segments

Gluten free bakery products, baby food, pasta, and ready meals are the key products available in the gluten free food market across the world. Among these, the market for gluten free bakery products acquired the leadership in 2014. The market segment is projected to retain its position in the coming years.

The rising demand for gluten free biscuits and cookies are fueling the market for gluten free bakery products in the global arena. In addition to this, increase in the awareness regarding these bakery products has provided food products manufacturers with an appealing option of shifting their focus from specialty diabetic foods and invest in gluten free bakery products such as bread, cakes, biscuits, donuts, muffins, pies, and pastries.

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Europe Leads Gluten Free Food Market in Global Arena

The global gluten free food market is spread across North America, Asia Pacific, Europe, and the Rest of the World. Europe, among all the regions, has emerged as the largest regional gluten free food market. Germany, France, Italy, and the Rest of the Europe are the key markets for gluten free food in Europe.

The rising gluten intolerance among consumers in Germany has led to the impressive growth of the gluten free food market in the country. On the other hand, the popularity of gluten free diet is gaining impetus in France on account of increasing prevalence of obesity, which is being considered as a symptom of gluten intolerance among French consumers. Analysts expect the gluten free food market in Europe to rise at a CAGR of 5.50% in terms of revenue and 5.0% in terms of volume over the period from 2015 to 2021.

North America reported the fastest growth in the global gluten free food market in 2014. The U.S. and Canada are the leading markets for gluten free foods in North America. The rising base of celiac patients in this region is a major driving force behind the growth of the North America gluten free food market.

Global Gluten Free Food Market: Key Players

Freedom Foods Group Ltd., Genius Foods Ltd., Ener-G Foods., Dr. Sch?r Ag/Spa, General Mills Inc., Kellogg?s Co., Farmo, The Hain Celestial Group Inc., Enjoy Life Foods LLC, Mrs. Crimble?s, Raisio PLC, Valeo Foods, Boulder Brands Inc., The Kraft Heinz Co., and Hero Group are the major companies functioning in the worldwide gluten free food market.

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