global gluten-free products market Forecast and Research Report 2023

Gluten-free products are better alternative to conventional gluten diet owing to health benefits associated with their consumption. These products are helpful for individuals with chronic ailments and immune system problems. Additionally, gluten-free products are widely consumed by gluten intolerant patients.

Market Segmentation:

Global global gluten-free products market is segmented by Type, Distribution Channel and Region.

Market Forecast:

Increasing health and wellness concern among the population is a major factor for the growing demand for gluten-free food products. The conviction that gluten-free products are generally healthier is one of the key factors responsible for purchase among consumers. There is also high perception among consumers that gluten-free food adds to the nutritional content and helps in weight management. The linkage of increased energy and weight loss is another factor for the growing consumption of gluten-free food products.

Furthermore, increasing incidence of diseases such as obesity, diabetes and other chronic diseases in the North American region has opened the doors for key players to come up with various customized gluten-free products which will in turn escalates the sales of gluten-free products during the forecast period. Moreover, product promotions through various channels have added fuel to this segment.

However, the threat of contamination of ingredients and raw materials due to improper handling is a major challenge faced by the vendors in the global gluten-free food market. Nevertheless, all these factors are boosting the global gluten-free products market to grow at the CAGR of 9.51% during the forecast period of 2017-2023.

Downstream Analysis:

Among the type, bakery & snacks segment is anticipated to retain its dominance throughout the forecast period. Also, the segment is projected to register a healthy CAGR of 9.91% during the given period due to increase in the demand of bakery and convenience food products. Among the distribution channels of gluten-free products, store based segment is accounting for approximately 86% market share followed by non-store based accounting for 14% of the global gluten-free products market. The segment is projected to register a healthy CAGR of 9.23% during the forecast period 2017-2022.

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Region Analysis:
The global gluten-free products market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Among these, North American region is dominating the market over the forecast period. The market is projected to grow at a CAGR of 9.65% during the review period. This is attributed to high consumption of gluten-free products in this region. However, among the European countries, Italy is expected to grow with a CAGR of 9.64% during the review period.