According to the latest market research study by Technavio, the global gluten-free food market is expected to grow at a CAGR of close to 12% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global gluten-free food market regarding revenue and emerging market trends. The report also includes a competitive vendor analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the product type
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The top three revenue contributing product segments are discussed below:
Global gluten-free bakery and confectionery food market: The gluten-free bakery and confectionery food market is likely to experience high growth rate during the forecast period. The growth is due to the augmented demand for gluten-free bakery products in the North American market.
“The main factor for the growth of this segment is the introduction of new products in the market. Gallo Snacks from Molinos Río de la Plata SA is a leading gluten-free products brand in Argentina due to its healthy image and successful marketing campaign. Moreover, due to the easy availability of gluten-free products like quinoa, corn, and sorghum, there are new product innovations in bakery products in the developed markets such as Canada, Germany, the US, and Italy,” says Manjunath Reddy, a lead analyst at Technavio for research on food.
Global gluten-free cereals and snacks market: The market is likely to witness a high growth rate due to the rising demand for healthy snacks across the globe. It is estimated that close to 2 million Americans opt for gluten-free food despite having no medically diagnosed condition, which has fueled the gluten-free food market. The snack food distributors are also launching several new gluten-free snacks to capture this demand. For instance, Love With Food launched gluten-free snack box with both savory and sweet treats including Plentils (lentil chips) and Beach Bash Seed & Fruit Mix.
Other gluten-free food market: The others segment is comprising of gluten-free pasta and pizzas. Italy is the market leader for gluten-free pasta globally, followed by Germany and the US. Regarding new product development, Barilla has introduced its gluten-free products in the US market. The product is certified gluten-free and contains no genetically modified organism (GMO) ingredients. Also, with the wide availability of options in the market, gluten-free ready-to-eat meals are one of the most convenient options available.
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The top vendors operating in the global gluten-free food market are:
- Dr. Schär
- Freedom Foods
- General Mills
- Gruma
- Hain Celestial Group
The other prominent vendors in the market include Aleia’s Gluten Free Foods, Amy’s Kitchen, Blue Diamond Growers, Bob’s Red Mill Natural Foods, Boulder Brands, Doves Farm, Enjoy Life Foods, Kellogg, and Kraft Heinz Company.
A more detailed analysis is available in the Technavio report titled, ‘Global Gluten-Free Food Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Tobacco Alternative Gums Market 2017-2021
- Global Sugar-Free Food and Beverages Market 2017-2021
- Global High Protein Based Food Market 2017-2021
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