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Gluten-free Products Market, Analysis, Size, Share and Global Forecast

(Entertainment-NewsWire.com, September 07, 2020 ) The Gluten-free Products Market is Projected To Account for USD 6.5 Billion By 2023. Changing lifestyles of consumers and growing awareness about the celiac disease have led to a surge in demand for FDA-certified health-enriching products. An increasing number of health conditions such as high cholesterol levels, obesity, and low energy levels have encouraged retailers to allocate products that align with the health requirements of consumers. To cater to the increasing demand for fat-free products, manufacturers focus on utilizing gluten-free ingredients in their products. According to MarketsandMarkets, the gluten-free products market is projected to account for a value of USD 6.5 billion by 2023, recording a CAGR of 7.6%.

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The Bakery Products Segment Is Projected To Dominate the Market During the Forecast Period

Consumption of various bakery products remains high as they are considered staple foods in Europe and North America. With the growing demand for bakery products, manufacturers focus on investing in ingredients that align with the health requirements of consumers. Manufacturers are opting for gluten-free ingredients to expand their customer base and promote their products in retail outlets. Due to these factors, the bakery products segment is projected to dominate the market during the forecast period.

Conventional Stores To Be the Leading Revenue Generator in the Gluten-free Products Market Through 2023

Due to busy and hectic lifestyles, consumers visit conventional stores such as mass merchandisers, online retailers, grocery stores, and warehouse clubs. Also, conventional stores accommodate a range of fat-free and gluten-free products that align with the diverse health requirements of consumers. Due to these factors, the conventional store segment is projected to be a leading contributor in the market during the forecast period.

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The Gluten-free Products Market To Record the Fastest Growth in Europe During the Forecast Period

Bakery and confectionery products are considered staple foods in various countries of Europe. Increasing consumption of bakery and confectionery products in the region have encouraged retail outlets to accommodate shelves with innovative products that are low-fat, gluten-free, and health-enriching. Also, a major section of the population in Europe is gluten-intolerant, due to which preference for gluten-free products remains high. On account of these factors, Europe is projected to record the fastest growth in the market during the forecast period.

Leading players operating in the gluten-free products market include The Hain Celestial Group, Inc. (US), The Kraft Heinz Company (US), Pinnacle Foods Inc. (US), Kellogg Company (US), and General Mills, Inc. (US). Key players in this market are adopting strategies such as mergers & acquisitions, new product launches, partnerships, and expansions to expand their customer base.

All in all, the gluten-free products market is projected to record significant growth during the forecast period. Increasing consumption of bakery and confectionery products in regions such as North America and Europe has encouraged manufacturers to invest in gluten-free ingredients to align with the diverse preferences and health requirements of consumers.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


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Source: EmailWire.Com

Source: EmailWire.com

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