USD 1.82 billion
Report ID:
SQMIG30H2122 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
59
|Figures:
69
Global Gluten-Free Bakery Market size was valued at USD 1.82 billion in 2022 and is poised to grow from USD 2.02 billion in 2023 to USD 4.58 billion by 2031, growing at a CAGR of 10.80% during the forecast period (2024-2031).
The gluten-free bakery market is growing rapidly due to the increasing awareness of gluten intolerance and celiac disease. As more consumers seek out gluten-free options for health reasons or as a lifestyle choice, the market for gluten-free bakery products, including bread, cookies, cakes, muffins, and pastries, has expanded beyond specialty stores and health food shops.
The market is also being driven by demand for organic, non-GMO, and other clean-label products. Established players such as Schär, General Mills, Hain Celestial, and Kellogg's, as well as smaller, independent bakeries, are offering a wide range of gluten-free products to cater to this growing market. Overall, the gluten-free bakery market presents opportunities for product innovation and brand differentiation in a fast-growing and dynamic sector.
US Gluten-Free Bakery Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1.82 billion
Largest Segment
Cakes
Fastest Growth
Cakes
Growth Rate
10.80% CAGR
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The global gluten-free bakery market is segmented on the basis of product, distribution channel, and region. In terms of product, the market is segmented into biscuits & cookies, bread, and cakes. Based on classification by distribution channel, the market is grouped into online, supermarkets & hypermarkets. Regionwise, the market is widespread into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Gluten-Free Bakery Market Analysis by Product
The cakes segment dominated the global gluten-free bakery market and is anticipated to maintain its dominance throughout the forecast period. This growth is attributable to the fact that cakes are often seen as a special treat and are often purchased for special occasions such as birthdays, weddings, and holidays. Consumers are more willing to spend money on indulgent treats for special occasions, making cakes a more lucrative product category.
There may be a wider variety of flavors and styles available in the gluten-free cake category compared to other baked goods. This allows consumers to choose from a wider range of options to suit their individual tastes and preferences. Overall, the popularity of gluten-free cakes may be driven by factors such as consumer demand, availability, and the perceived value of these products as special occasion treats.
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North America dominated the gluten-free bakery market in 2022 and is expected to maintain its dominance throughout the forecast period. This growth is attributable to factors such as the prevalence of gluten intolerance and celiac disease is high in North America, with an estimated 3 million Americans having celiac disease alone. This has created a large and growing demand for gluten-free products, including bakery items.
In addition to a high prevalence of gluten intolerance and celiac disease, North American consumers are also interested in healthy eating and alternative diets. This has led to a growing interest in gluten-free products as a healthier alternative to traditional baked goods.
Europe is also a significant market for gluten-free bakery products, driven by factors such as the increasing number of consumers with gluten intolerance, and a growing interest in gluten-free products among health-conscious consumers.
Asia-Pacific is another region with significant growth potential in the gluten-free bakery market. This is due to increasing awareness of gluten intolerance and celiac disease in the region, as well as a growing interest in alternative diets and healthy eating. Countries like Australia and Japan are particularly strong markets for gluten-free products.
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Gluten-Free Bakery Market Drivers
Increasing Prevalence of Gluten Intolerance and Celiac Disease
Gluten-Free Bakery Market Restraints
High Cost of Gluten-free Products
Gluten-free ingredients and production methods can be more expensive than those used in traditional baked goods, which can result in higher prices for consumers. This can make gluten-free bakery items inaccessible to some consumers who are unable or unwilling to pay the higher prices. Additionally, some consumers may perceive the higher cost of gluten-free products as not worth the investment, particularly if they do not have a diagnosed gluten intolerance or celiac disease.
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The gluten-free bakery market is highly fragmented, with a large number of small and medium-sized companies operating in the market. These companies offer a wide range of gluten-free bakery products, including bread, cakes, biscuits, and other bakery items. Many of these companies have also expanded their product lines to include other gluten-free and allergen-free products, such as snacks and breakfast foods. Some of the major players in the market include.
Gluten-Free Bakery Market Top Player’s Company Profiles
Gluten-Free Bakery Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
The gluten-free bakery market presents significant opportunities for growth and innovation over the forecast period. The market is being driven by increasing demand for gluten-free products, especially in regions with a high prevalence of gluten intolerance and celiac disease such as North America. The cakes segment is expected to continue to dominate the market due to its convenience and indulgent appeal. Additionally, the companies that are able to adapt to changing consumer preferences and capitalize on emerging trends will be well-positioned to succeed in this growing market.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 1.82 billion |
Market size value in 2031 | USD 4.58 billion |
Growth Rate | 10.80% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Gluten-Free Bakery Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Gluten-Free Bakery Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Gluten-Free Bakery Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Gluten-Free Bakery Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG30H2122
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