New York, NY -- (SBWire) -- 07/11/2019 --The latest market intelligence study on the Gluten-Free Food market performs an extensive analysis of the competitive landscape and growing investment pocket of the Gluten-Free Food market for the forecast period, 2018 - 2023. The tailor-made study probes into the current and future trends of that are likely to shape the development of the Gluten-Free Food industry to give the business owners a competitive edge and help them stay ahead of their rivals. The best of both research techniques including qualitative and quantitative are applied to gauge the market size, share, and growth rate.
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The major manufacturers covered in this report
1. Kraft Heinz Company
2. Conagra Brands, Inc.
3. General Mills, Inc.
4. Kellogg Company
5. Dr. Schar AG/SPA
6. Hain Celestial Group, Inc.
7. Doves Farm
Customizations available
Report scope of Gluten-Free Food market:
Gluten is a family of proteins usually found in cereal grains like wheat, barley, rye, and spelt, and gives an elastic texture to dough. Gluten also acts as natural glue that holds food together.
Gluten consumption has become a matter of concern for the food and health industry due owing to the increased prevalence of celiac disease and gluten-related allergies. Celiac disease causes the body to reject gluten and fight back in the form of severe digestive issues and anemia, among other health hazards. It affects 1%-2% of the global population and is predicted to grow exponentially in the next 15 years.
Also, consciousness among the masses regarding the benefits of healthier living will positively impact the growth of the market. The global gluten-free food market was valued at USD 3.88 Bn in 2016, and is projected to expand from USD 4.48 Bn in 2018, to USD 6.47 Bn in 2023, expanding at a compound annual growth rate (CAGR) of 7.60%.
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By Region
Global (Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru])
Product type insights:
There are seven types of gluten-free food: bakery food, dairy food, meat and its substitutes, pasta, condiments, spices and spreads, desserts and ice cream, and ready-to-eat meals. The gluten-free bakery food segment held the largest share of the market (29%) in 2018, owing to the high global demand for gluten-free bread, buns, and rolls. This segment is forecast to expand at a CAGR of 8.5% over 2018-2023.
Regional insights:
Europe is estimated to be on track to record the highest CAGR (10.3%) during the forecasted period, sustained by changing consumer perceptions about the effects of gluten-free diets, such as weight loss and good health. North America held the largest market share (53%) in 2018, underpinned by the rising number of patients diagnosed with celiac disease.
Distribution channel segment insights:
The common distribution channels for the market are conventional stores, specialty stores, and drug stores. Conventional retailers include grocery stores, club stores, and mass merchandisers. Among the different distribution channels, conventional stores held the highest market share (83%), given their ease of accessibility.
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Chapter 1: Executive summary
1.1. Market scope and segmentation
1.2. Key questions answered
1.3. Executive summary - global
1.4. Executive summary - North America
1.5. Executive summary - Europe
1.6. Executive summary - Asia-Pacific
1.7. Executive summary - South America
1.8. Executive summary - The Middle East and Africa
Chapter 2: Global gluten-free food market - market overview
2.1. Global market overview - historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), geography-wise market revenue (USD Bn), and market attractiveness analysis
2.2. Global - market drivers
2.3. Global - market trends
2.4. Global - challenges
2.5. Porter's five forces analysis
2.6. Market segmentation based on product type (bakery food, dairy food, meat and meat substitutes, desserts and ice cream, condiments, spices and spreads, pasta, and ready-to-eat meals) - historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
2.7. Market segmentation based on distribution channel (conventional stores, specialty stores, and drug stores) - historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
Chapter 3: North America gluten-free food market
3.1. Regional market overview - historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
3.2. Market segmentation based on product type (bakery food, dairy food, meat and meat substitutes, desserts and ice cream, condiments, spices and spreads, pasta, and ready-to-eat meals) - historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
3.3. Market segmentation based on distribution channel (conventional stores, specialty stores, and drug stores) - historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
Chapter 4: Europe gluten-free food market
4.1. Regional market overview - historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
4.2. Market segmentation based on product type (bakery food, dairy food, meat and meat substitutes, desserts and ice cream, condiments, spices and spreads, pasta, and ready-to-eat meals) - historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
4.3. Market segmentation based on distribution channel (conventional stores, specialty stores, and drug stores) - historical (2016-2017) and forecasted (2018-2023) market size (USD Bn), and key market observations
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Gluten-Free Food Market Worth $4.48 Billion by 2023: CAGR: 7.60% Global Trends, Size, Share, Growth, Industry Analysis and Forecast (2018-2023)