Technavio forecasts global gluten free packaged food market to surpass $3 billion by 2019

Renewable energy

 

This market research report presents a detailed segmentation of the global gluten-free packaged food market by product types such as bakery food, pasta, baby food, and ready to eat meals. It provides a market share analysis and projections of the key regions, including the Americas, APAC, Europe, and MEA. The key vendors analyzed in this report are Boulder Brands, Dr. Schär, and Hero.

Technavio’s market research analysts estimate the global gluten-free packaged food market to grow at a CAGR of more than 6% between 2015 and 2019. The rising number of coeliac patients and gluten-related allergies are the primary drivers of the growth of this market. The Americas is the largest market for gluten-free packaged food, occupying around 41% of the overall market share. The increasing number of celiac patients and the increased awareness about gluten-free foods driving the growth of the market in this region.

The new market research report from Technavio provides a breakdown and analysis of the gluten-free packaged food segments by technology.

“One of the key trends that this market is witnessing is growing consciousness among consumers towards health and wellness. Gluten free products are considered nutritious, energy-giving and helps in weight management that is they have gained preference among millennials. The younger population are now more conscious towards their diet, and hence are consuming more of gluten free bakery products, cookies and snacks,” Brijesh Kumar Chaubey, Lead Analyst, Food & Beverages, Technavio Research.

The bakery food segment dominated the market during 2014 with a market share of around 64%. The report predicts this segment to retain its leadership until the end of 2019 growing at a rate of around 7%. The US is the market leader in this segment contributing 16% of the global market sales. The introduction of new products in the gluten-free bakery food segment is the primary growth driver for this market.

The key vendors in the global gluten-free packaged food market are Boulder Brands, Dr. Schär, and Hero. The market is highly fragmented due to the presence of both key vendors and private players operating across the globe. Vendors are using celebrity endorsements and fashion shows to showcase new trends in gluten-free packaged foods. The report predicts the market to be more competitive during the forecast period due to several product launches, price wars, mergers, and acquisition.

A more detailed analysis is available in the Technavio report, Global Gluten Free packaged Food 2015-2019.

We can customize reports by other regions and specific segments upon request.

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