Food Intolerance Products Market size to grow by USD 7.07 Billion accelerating at a CAGR of 5.52% from 2023 - 2028

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Jan 11, 2024, 01:15 ET

NEW YORK, Jan. 11, 2024 /PRNewswire/ -- The food intolerance products market is set to grow by USD 7.07 billion, from 2023 to 2028 progressing at a CAGR of 5.52% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The rising food intolerance products market is driven by increasing health consciousness among consumers. The escalating demand for gluten-free products, lactose-free products, dairy-free products, nut-free products, soy-free products, egg-free products, and wheat-free products highlights this trend. Allergen-free products and non-GMO foods, alongside the increasing preference for sugar-free products, also contribute to this growth trajectory. This shift reflects an evolving consumer landscape, emphasizing wellness and boosting a robust market for specialized dietary needs. -Here is an Exclusive report talking about Market scenarios with a historical period (2018-2022) and forecast period (2024-2028). Download Sample Report in minutes!

Technavio has announced its latest market research report titled Global Food Intolerance Products Market 2024-2028

The report on the food intolerance products market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.

Food Intolerance Products Market 2024-2028 - Market Dynamics

TRENDS

The increasing prominence of private-label brands is a primary trend in the market. This trend caters to the growing demand for low-carb foods, preservative-free foods, celiac-friendly foods, and low-sodium foods. Consumers seek options of No artificial preservatives, low-allergens, and non-nutritive sweeteners. The market is responding with hypoallergenic foods, alternative flours, and low-fat options, mirroring a shift towards diverse and specialized dietary preferences, and shaping consumption patterns.

CHALLENGES

The high price of gluten-free food products is one of the key challenges impeding the food intolerance products market growth. This challenge restricts market growth despite the increasing demand for non-dairy milk alternatives, low FODMAP products, and plant-based alternatives. Additionally, consumers seek affordable paleo-friendly foods, organic food options, and vegan products alongside allergy-friendly snacks free from additives. The high cost of developing corn-free products and sulfite-free products further hampers market expansion, necessitating innovation to address pricing barriers.

Food Intolerance Products Market 2024-2028 : Market Segmentation

The food intolerance products market analysis includes distribution channel, product, and geography landscape. This study identifies the technological advancements in food processing, rise in the number of launches in food intolerance products sector, increasing prominence of private-label brands as some of the prime reasons driving the food intolerance products market growth during the next few years.

This report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters- View a Free Sample Report

The food intolerance products market covers the following areas:

Food Intolerance Products Market Sizing
Food Intolerance Products Market Forecast
Food Intolerance Products Market Analysis

Companies Mentioned

Arla Foods amba
Arva Flour Mills
Beyond Meat Inc.
Bobs Red Mill Natural Foods Inc.
Campbell Soup Co.
Chobani Global Holdings LLC
Conagra Brands Inc.
Danone SA
Dr. Schar AG Spa
General Mills Inc.
Glanbia plc
Gruma SAB de CV
Impossible Foods Inc.
Kellogg Co.
Lantmannen ekonomisk forening
McCain Foods Ltd.
Mondelez International Inc.
Nestle SA
Oatside
Organic Valley
Otsuka Holdings Co. Ltd.
Paulig Ltd.
Rhythm Superfoods LLC
Simple Mills
The Kraft Heinz Co.
Valio Oy

Campbell Soup Co: The company offers food intolerance products such as Gluten Free Cream of Chicken Soup and Gluten Free Cream of Mushroom Soup.

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Key Topics Covered:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Distribution Channel

7 Market Segmentation by Product

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Company Landscape

12 Company Analysis

13 Appendix

About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio