USD 1.82 Billion
Report ID:
SQMIG30C2124 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
72
|Figures:
69
Global Gluten-Free Products Market size was valued at USD 1.82 Billion in 2022 and is poised to grow from USD 2.0 Billion in 2023 to USD 4.6 Billion by 2031, growing at a CAGR of 10.8% in the forecast period (2024-2031).
The rising prevalence of food allergies and intolerances within the general populace has spurred a noticeable surge in the demand for consumer products finely tuned to cater to specific dietary requirements. This upsurge is markedly influenced by heightened awareness and a deeper understanding among consumers regarding various allergies, such as gluten sensitivities, celiac disease, and more.
Moreover, the increase in disposable income further bolsters this demand, fostering a significant market for wholesome, gluten-free food options tailored to meet the needs of individuals navigating these dietary restrictions. Consequently, this trend underscores a pivotal shift in the food industry towards providing diverse, allergen-sensitive options that resonate with a growing segment of health-conscious consumers.
Global Market Size
USD 1.82 Billion
Largest Segment
Seasonings
Fastest Growth
Growth Rate
10.8% CAGR
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The global gluten-free products market is segmented into three segments i.e. by Product, Distribution Channel, and Region. Based on product, the market is segmented as, Bakery Products, Dairy/ Dairy Alternatives, Meats/ Meats Alternatives, Condiments, Seasonings, Spreads, Desserts & Ice Creams, Prepared Foods, Pasta and Rice, and Others. Based on Distribution Channel, the market is segmented as Convenience Stores, Supermarkets & Hypermarkets, Specialty Stores, Online, and Others. Based on Regional the market is segmented as, North America, Asia Pacific, Latin America, Middle East & Africa (MEA).
Analysis by Distribution Channel
The dominance of supermarkets and hypermarkets, capturing the market share of revenue at 28.3% in 2022, underscores their pivotal role in the gluten-free products market. These expansive retail spaces offer consumers unparalleled accessibility to a diverse array of items conveniently located under one roof. This accessibility fosters an environment where consumers can seamlessly navigate through a multitude of options, simplifying their selection process.
The projected rapid growth of the online segment at a CAGR of 11.9% between 2023 and 2030 signifies a significant shift in consumer behavior within the Gluten-Free Products Market. The surge in online shopping within the market is propelled by a myriad of advantages that particularly resonate with millennials and the younger demographic. At the core of this appeal lies the unparalleled convenience afforded by online shopping platforms. These platforms empower consumers with the ability to effortlessly browse and make purchases from the comfort of their homes, eliminating the constraints of physical stores and offering a seamless shopping experience.
Analysis by Product
In 2022, the bakery products segment emerged as a frontrunner, commanding a significant 28.5% share of the total revenue, a dominance expected to persist throughout the forecast period. This leadership position is buoyed by a burgeoning consumer consciousness focused on fostering healthy eating habits, exemplified by a distinct preference for natural, organic, and gluten-free food choices. This evolving awareness serves as a robust driving force propelling the sustained growth of the bakery products segment within the gluten-free products market.
Additionally, the seasonings segment plays a pivotal role within this market landscape, serving as a crucial component offering a diverse array of flavor-enhancing options meticulously tailored to meet stringent gluten-free dietary needs. These offerings span a rich assortment of herbs, spices, sauces, and meticulously crafted blends designed to elevate the taste profile and diversity of gluten-free meals while rigorously adhering to dietary restrictions.
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North America firmly established its market dominance, capturing a substantial revenue share of 36.7%, a trend anticipated to endure well into the forecast period. A key catalyst fueling this sustained growth is the prevailing perception surrounding gluten-free foods, widely regarded as beneficial in alleviating digestive issues, lowering cholesterol, and supporting weight management. This favorable perception serves as a pivotal driver poised to fuel heightened demand in the foreseeable future.
The Gluten-Free Products Market in the Asia-Pacific is poised for substantial growth, anticipated to be marked by significant strides in the foreseeable future. This upsurge finds its momentum in the region's escalating appetite for healthier and more nourishing food alternatives. As consumer preferences veer towards options that promote well-being and nutritional value, the market for gluten-free products experiences a notable boost.
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Drivers
Increased Diagnosis of Celiac Disease and Other Food Allergies
Restraints
Gluten-Free Products Lacks an Adequate Amount of Dietary Fibers
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The competitive environment of the global Gluten-Free Products Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences.
Top Player’s Company Profiles
Recent Developments
In November 2023, enforces reveal a strategic partnership with rich products corporation which is a major player in the food products industry. The collaboration aims to smooth and increase rich business processes and customer experience by implementing SAP S/4HANA solutions. Both will work to simplify operations and ensure a seamless customer journey across various sectors, including food service, retail in store, bakery and prepared foods.
In May 2023, the free from food Expo, Node has Europe's premier innovation platform for the free form, organic, vegan, functional and healthy ingredient food Industries collaborated with UAE Food & Beverage Business Group.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global gluten-free products market analysis reveals a dynamic marketplace with a number of standout trends and difficulties. The growing prevalence of conditions such as celiac disease, alongside a spectrum of health issues attributed to unhealthy lifestyles, is poised to significantly propel the demand for tailored products in the market. This surge in demand is primarily fueled by a proactive approach towards preventing a myriad of health disorders including heart disease, diabetes, obesity, chronic pulmonary disease, and metabolic syndrome. As awareness grows about the profound impact of lifestyle choices on these ailments, there's a discernible shift towards seeking preventive measures through dietary modifications and specialized products.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 1.82 Billion |
Market size value in 2031 | USD 4.6 Billion |
Growth Rate | 10.8% |
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 Products 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 Products 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 Products Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Gluten-Free Products 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: SQMIG30C2124
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