Gluten Free Products Market Size 2020 Expected Revenue to Cross USD 36 Billion by 2026: Facts & Factors

July 19 15:40 2021
Gluten Free Products Market Size 2020 Expected Revenue to Cross USD 36 Billion by 2026: Facts & Factors

According to Facts and Factors Analysis, the global gluten free products market was valued at USD 22 billion in 2019 and is anticipated to foresee a significant double-digit growth of around 8.5% to generate revenues worth USD 36 billion by the end of 2026.
[209+ Pages Report] According to Facts and Factors Analysis, the global gluten free products market was valued at USD 22 billion in 2019 and is anticipated to foresee a significant double-digit growth of around 8.5% to generate revenues worth USD 36 billion by the end of 2026.

According to Facts and Factors Analysis, the global gluten free products market was valued at USD 22 billion in 2019 and is anticipated to foresee a significant double-digit growth of around 8.5% to generate revenues worth USD 36 billion by the end of 2026.

Gluten is a protein that occurs naturally in food grains such as barley, wheat, spelled, and rye. Gluten is made up of two main proteins called gliadin and glutenin, from which gliadin is primarily responsible for most health-related problems. Once mixed with water, the combination results in the forming of glue-like flour, which gives the bread a soft and fluffy, and yet elastic structure, in reality, the term gluten is derived from glue-like properties that this protein contains.

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Industry Major Market Players

  • Dr. Schär AG/SPA
  • Boulder Brands Inc
  • General Mills Inc
  • Enjoy Life Natural Brands Llc
  • Hero Group AG
  • H.J. Heinz Company
  • Quinoa Corporation
  • Raisio PLC
  • Kelkin Ltd.

 

It is anticipated that rising incidences of Irritable Bowel Syndrome and celiac diseases would drive demand for gluten-free products through developed and developing countries. Celiac disease is an autoimmune disorder, where gluten indigestion affects the small intestine. As a consequence, rising reports of gluten bigotry along with increased awareness of the advantages of a gluten-free diet are likely to have a positive effect on demand for the product. The prevalence of these disorders is growing, especially in the developed countries of North America and Europe, thereby boosting the increased demand for the product. In addition, the U.S. favors regulatory frameworks and initiatives to promote a gluten-free diet. Food and Drug Administration (FDA) allocations and subsidy allocations are expected to boost the regional market over the period of analysis.

By product, bakery emerged as the largest and fastest-growing category and is expected to maintain its domination over the forecast years. This segment accounted for nearly 34% in 2019. The category is projected to be powered by increased awareness among citizens about the advantages of fresh, organic, and gluten-free products in their diets. Additionally, a wide product line-up with constant innovations is projected to pose a positive impact on the segment’s growth. In terms of the distribution channel, the grocery stores segment led the global gluten free products market since it allows convenient access to a range of things under one roof. Drug shops are the least-favored retailers. Due to changing lifestyles, preferences towards healthy living and healthy diets, and growth of independent natural or health food stores are expected to witness the fastest growth over the forecast period.

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The research study provides a critical assessment of the gluten free products industry by logically segmenting the market on the basis of product, distribution channel, and regions. Based on the past, present, and future trends, all the segments were analyzed from the bottom up, and the market sizes have been estimated from 2020 to 2026. The regional segmentation of the gluten free products industry includes the holistic bifurcation of all the five major continents including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Gluten is a protein found in cereals such as maize, barley, rye, and variants thereof. Gluten gives dough elasticity, helps it to rise and stay in shape, and often gives a chewy texture to the final product. Many people are found to be sensitive to gluten and have moderate allergy symptoms such as persistent diarrhea and vomiting, while others have typical symptoms of the condition called “Celiac disease.”Gluten-free food is an inventive gourmet food targeted to people with food allergies and gluten intolerance. The gluten-free products industry has undergone a shift in which gluten-free products have been regarded as a specialized niche product, and are known today as mainstream products.

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Regionally, Asia Pacific is expected to witness the fastest growth due to increased demand for balanced foodstuffs. Aggressive marketing strategies implemented by key players in this area to gain a significant market share often help boost the market growth. In 2018, North America led the market, accounting for an overall revenue share of nearly 55%. Such foods are projected to be readily available to aid market growth, most notably in the US and major European countries. U.S. market growth is expected to be in line with the growing awareness of the celiac disease. Increasing awareness about following a healthy lifestyle will further drive the market.

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The taxonomy of the gluten free products market by its scope and segmentation is as follows:

Global Gluten Free Products Market: By Product Segmentation Analysis

  • Bakery Products
  • Dairy/ dairy alternatives
  • Meats/ meats alternatives
  • Condiments, seasonings, spreads
  • Desserts & ice-creams
  • Prepared foods
  • Pasta and rice
  • Others

 

Global Gluten Free Products Market: By Distribution Channel Segmentation Analysis

  • Grocery stores
  • Mass merchandiser
  • Independent natural or health food store
  • Club stores
  • Drug stores
  • Others

 

Key Recommendations from Analysts

  • Our analysts recommend focusing on the Asia-Pacific train brake shoe market since their calculations revealed that this region turned out to be the top investment pocket across the globe.
  • The major reason behind the surging growth and lucrative opportunities underlying in this region is the increasing passenger traffic and rising preference for advanced and more comfortable rail transportation systems.
  • Europe, on the other hand, is expected to foresee a robust growth of around 2% per annum. This is majorly attributed to the modernization of the older railway infrastructure, rising renovation activities as well as the formation of newer railway authorities in the developing countries of the region.
  • Increasing mining and metallurgical procedures in Latin America, especially in Chile, Peru, and Argentina, is expected to drive the freight type segment in the region. The FnF analysts estimated the freight type segment in Latin America to generate revenues worth USD 20 million by the end of the forecast period.
  • The executive summary of the report reads the total incremental opportunity underlying in the global train brake shoe market is nearly USD 130 million between 2020 and 2026.

 

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