DUBLIN--(BUSINESS WIRE)--The "Global Gluten Free Products Market Outlook, 2028" report has been added to ResearchAndMarkets.com's offering.
The gluten-free products market is poised for substantial growth, with projections indicating a market size of USD 15.62 Billion by 2028, registering a significant Compound Annual Growth Rate (CAGR) of 8.15% from USD 9.85 Billion in 2022, as highlighted in the report "Global Gluten Free Products Market Outlook, 2028".
Demand for Convenience and Dietary Options Fueling Growth
Driven by hectic schedules and increased stress levels, consumers are gravitating toward gluten-free, ready-to-eat meals, pasta, and baby food products. The desire for weight-control programs and diet plans incorporating grain-free options is also on the rise. The convenience and nutritional value offered by ready-to-eat options have spurred demand, particularly among those seeking dietary solutions that do not compromise on taste.
Health-Consciousness and Innovation Drive Demand
Consumers are seeking nutritional value, natural ingredients, and dietary-specific offerings in their ready meals. The health-on-the-go trend, especially among millennials, has prompted the creation of premium convenience foods inspired by international cuisines. This trend signifies consumers' willingness to explore novel options, suggesting a wealth of opportunities for market expansion. Manufacturers are focusing on ingredient innovation to enhance taste, texture, and nutritional profiles of gluten-free products. Alternative flours and grains such as rice, corn, quinoa, and buckwheat are being leveraged to create gluten-free products that closely mimic their gluten-containing counterparts.
Technological Advancements and Market Development
Advancements in manufacturing processes are aimed at reducing product prices. Innovations such as extrusion cooking and annealing enhance product stiffness while minimizing cooking loss. The surge in demand for gluten-free products is also attributed to the increasing obesity rate, with pulses replacing wheat as a key ingredient in these offerings.
Regional Leadership and Growth Potential
North America is spearheading the global gluten-free products market with the highest market share. The rise in celiac disease and gluten intolerance cases among consumers has significantly boosted the gluten-free product industry in this region. The market has gained traction among health-conscious individuals seeking alternative food choices. Additionally, the burgeoning demand for gluten-free ready meals and convenience foods, propelled by the growing number of working women, has contributed to the market's expansion. The rising awareness of health-related issues is projected to drive consumers towards gluten-free options.
Asia-Pacific Emerges as a Rapidly Growing Market
The Asia-Pacific region is projected to witness the highest growth in the gluten-free product market globally. Economic growth in this region has led to increased disposable income, prompting consumers to opt for premium and specialized products, including gluten-free alternatives. Rising awareness of allergens and food intolerances has fueled demand for allergen-free products, making this region favorable for gluten-free offerings. Traditional Asian cuisines are also influencing gluten-free product development.
Bakery Products Lead Product Segmentation
Among the various product types, bakery products dominate the global gluten-free market. These include a wide array of baked goods such as bread, cakes, cookies, and more. The popularity of bakery products in Europe and North America has translated to the gluten-free segment, driven by consumer demand for healthier alternatives. Innovations in the bakery sector in developing nations further bolster this segment's growth.
Solid Forms and Plant-Based Sources Prevail
Solid forms of gluten-free products are leading the market due to their familiarity and ease of incorporation into daily diets. These forms encompass a range of products such as bread, pasta, cereals, snacks, and baked goods, offering consumers an experience similar to their gluten-containing counterparts. Plant-based sources are the primary contributors to gluten-free products, providing grains and flours derived from sources such as rice, corn, quinoa, and buckwheat. These ingredients align with consumers' preference for healthier, nutrient-rich options.
Specialty Stores and Online Channels Shape Distribution
Specialty stores, which cater to specific dietary needs, offer a diverse range of gluten-free products and are prominent distribution channels. They provide a comprehensive assortment of options, making it easier for consumers to find products that suit their requirements. The online channel is also expected to grow significantly, leveraging the convenience of e-commerce to meet consumer demands.
Top Profiled Companies
- General Mills Inc
- The Kellogg Company
- Mondelez International, Inc
- The Kraft Heinz Company
- Barilla Group
- Conagra Brands, Inc
- Hormel Foods Corporation
- The Hershey Company
- Dr. Schar AG / SPA
- The Hain Celestial Group
- Bob's Red Mill
- Warburtons Ltd
- Avena Foods Limited
- Quinoa Corporation
- Norside Food Ltd
- Freedom Foods Group Ltd
- Earth Goods
- Ecotone
- Amy's Kitchen
- Raisio Group
For more information about this report visit https://www.researchandmarkets.com/r/aur35v
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
