Rockville, MD -- (SBWire) -- 07/12/2019 -- The latest report by Fact.MR on the free from food market provides in-depth analysis along with the key insights on the market. The report focuses on all the important factors influencing the free from food market growth. The report also offers the historical data and forecast on the free from food market. Micro and macro-economic factors impacting the growth of the free from food market along with the quantitative and qualitative data is also offered in the report. The report focuses on the market dynamics including latest trends, opportunities, market drivers, and restraining factors in the free from food market. The study also provides segment-wise analysis and regional analysis of the free from food market along with the focus on all the key countries. The free from food market report also provides data in terms of volume, value, CAGR, and year-on-year growth in free from food market. Competitive landscape in the free from food market is also provided in the report.
According to the Center for Disease Control and Prevention (CDC), food allergies are a growing public health concern, which affect nearly 6% children in the US alone. Absence of effective treatment for food allergies and intolerance has been complementing the adoption of free-from food among consumers worldwide. However, sustainable sourcing of free-from ingredients, and effective processing technologies, continue to remain key concerns to be addressed by players in the free from food market.
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What is Driving Growth in Free-from Foods Market?
There has been a marked rise in the prevalence of food allergies worldwide, According to the World Allergy Organization, nearly 5% of the global population is affected by food allergies.,
Growing awareness about healthier lifestyles has resulted in changing consumption patterns of consumers that are healthy and free-from chemical-based ingredients, continues to underpin sales of free-from food. Additionally, consumer awareness on clean-label and natural products that are deprived of sugar or fat content, further complemented adoption of free-from food products.
Key players in the free-from food market are focusing on new product development, including allergen-free food in a bid to tap the latent consumer base who constantly seek for healthier options.
North America to Remain Most Lucrative Market for Free-From Food
North America will continue to spearhead the free-from food market, with sales expected to bring in revenues over US$ 19 Bn in 2019. Free-from food sales in the region can be attributed to consumer awareness regarding growing prevalence of celiac disease, coupled with lactose intolerance and gluten intolerance, among consumers. This, along with the relative economic vigor of consumers will continue to underpin sales of free-from food in North America. Increasing bakery product consumption in the region is also encouraging manufacturers to offer gluten-free bakery products. Robust consumption of bakery food in North America is another factor paving opportunities for free-from food manufacturers to leverage.
Free from Food Market: Competitive Landscape
Inner Mongolia Yili Industrial Group has signed a conditional scheme implementation agreement with Westland Co-operative Dairy Company Ltd. for acquisition at NZ$ 588 million.
Blue Diamond has entered into the sales and distribution agreement with Grupo Lala S.A.B. de C.V to sell Almond Breeze®, Blue Diamond's almond-based beverage in Mexico.
The Food Safety and Standards Authority of India (FSSAI) is planning to set directives on the labeling of gluten-free products in India. The regulatory body is also considering removal of the low gluten category where food products are processed to reduce the gluten content at the level of 20-100mg/kg.
Some of the key players operating in the free from food market are Groupe Danone, Abbott Laboratories Inc., NESTLE SA, Inner Mongolia Yili Industrial Group Co Ltd, Reckitt Benckiser Group Plc (RB), Coca-Cola Co, Blue Diamond Growers, Valio Oy, Kikkoman Corporation, Lactalis, Groupe, Monde Nissin Corp, Dr. Schär AG/SpA, General Mills Inc., Post Holdings Inc., Vitasoy International Holdings Ltd, and other key players.
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