The market research report presents a detailed segmentation of the global food intolerance products market by application (gluten-free food, diabetic food, and lactose-free food), and by geography (APAC, Eastern Europe, Latin America, MEA, North America, and Western Europe). The key vendors analyzed in this report are Fifty 50 Foods, Abbott Nutrition, Boulder Brands, and Ganaderos Productores de Leche Pura.
Technavio’s market research analysts estimate the global food intolerance products market to grow at a CAGR of around 6% between 2015 and 2019. The rising number of celiac and diabetic patients worldwide is driving the growth of this market. According to the Celiac Support Association, around 1 in 133 persons in the US suffers from celiac disease, with nearly 83% of the cases being undiagnosed or misdiagnosed. North America leads the global market for food intolerance products, accounting for 38% of the total market share.
The new market research report from Technavio provides a breakdown and analysis of the food intolerance products segments by technology.
“The growing demand for gluten-free food products is one of the latest trends that this market is witnessing. Food manufacturers are currently focused on developing and introducing innovative, healthy, and tasty gluten-free products. Europe and the APAC region are expected to be the next potential markets for gluten-free food products,” says Vijay Sarathi, Lead Analyst, Food & Beverages, Technavio Research
The diabetic food market is expected to grow at a CAGR of around 11% during the forecast period. The increasing health-consciousness of consumers is the primary driver for the growth of this market. The report anticipates Latin America to be the fastest growing region in this market by the end of 2019.
The leading vendors in the global food intolerance products market include Fifty 50 Foods, Abbott Nutrition, Boulder Brands, and Ganaderos Productores de Leche Pura. The market is highly fragmented because of the presence of numerous small and large vendors. The vendors in the market compete on the basis of numerous factors such as price, quality, innovation, service, reputation, distribution, and promotion. The report predicts the market to witness an increased influx of private labels during the forecast period.
A more detailed analysis is available in the Technavio report, Global Food Intolerance Products Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
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