Gluten-free Food Market to grow by USD 4.4 billion from 2022 to 2027- Technavio
NEW YORK, Oct. 27, 2023 /PRNewswire/ -- The gluten-free food market size is expected to grow by USD 4.4 billion from 2022 to 2027, according to Technavio. In addition, the growth momentum of the market will progress at a CAGR of 9.5% during the forecast period. Growing demand for gluten-free bakery products is notably driving the gluten-free food market. However, factors such as the high price of gluten-free food products may impede market growth. The market is segmented by product (bakery and confectionery products, cereals and snacks, and others ), distribution channel (offline and online ), and geography (North America, Europe, APAC, South America, and Middle East and Africa). Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The sample report is available in PDF format
Key Segment Analysis
- The market share growth by the bakery and confectionery products segment is significant during the forecast period. The demand for gluten-free baked goods and sweets is fuelled by the increasing prevalence of celiac disease and gluten sensitivity. Therefore, the demand for gluten-free baked goods and confectionery has slowly increased over the years which has fuelled the growth of this segment which in turn drives the market growth.
To know additional highlights and key points on various market segments and their impact in coming years, View the PDF Sample Report.
Geographical Market Analysis
- North America accounts for 47% of the market growth during the forecast period. The main factors which is fuelling the market growth in North America are the increasing incidence of celiac disease and the increasing number of gluten-free food options. Hence, such factors will drive the market growth in North America during the forecast period.
Company Insights
The gluten-free food market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market companies, including:
Amys Kitchen Inc., Bobs Red Mill Natural Foods Inc., Campbell Soup Co., Chocoladefabriken Lindt and Sprungli AG, Conagra Brands Inc., General Mills Inc., Gruma SAB de CV, Hero AG, Kellogg Co., Mondelez International Inc., Nestle SA, Prima Foods Ltd., Raisio plc, Silly Yak Foods, The Hain Celestial Group Inc., The Hershey Co., The Kraft Heinz Co., Unilever PLC, Valeo Foods Ltd., and Warburtons Ltd.
- View the PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.
Related Reports:
The organic rice flour market size is projected to increase by USD 156.61 million and the market size is estimated to grow at a CAGR of 5.26% between 2023 and 2028.
The milk protein concentrates market size is projected to increase by USD 1,021.13 million and the market size is estimated to grow at a CAGR of 5.44% between 2023 and 2028.
Gluten-free Food Market Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.5% |
Market growth 2023-2027 |
USD 4.4 billion |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
8.5 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 47% |
Key countries |
US, Canada, Italy, UK, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Amys Kitchen Inc., Bobs Red Mill Natural Foods Inc., Campbell Soup Co., Chocoladefabriken Lindt and Sprungli AG, Conagra Brands Inc., General Mills Inc., Gruma SAB de CV, Hero AG, Kellogg Co., Mondelez International Inc., Nestle SA, Prima Foods Ltd., Raisio plc, Silly Yak Foods, The Hain Celestial Group Inc., The Hershey Co., The Kraft Heinz Co., Unilever PLC, Valeo Foods Ltd., and Warburtons Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Distribution Channel
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
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.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
SOURCE Technavio
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