Industry Outlook and Trend Analysis
The Gluten-Free Products Market was worth USD 2.72 billion in the year of 2014 and is expected to reach approximately USD 5.40 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 7.90% during the forecast period. Expanding occurrences of celiac diseases and elevated gluten-sensitivity in customers has prompted increased requirement for gluten-free products. The developing commonness of lifestyle-related conditions, for example, obesity and diabetes has urged buyers to embrace more advantageous eating regimens trying to manage their wellness. This has impelled the interest for gluten-free foods and natural products that limit the danger of obesity and advance higher vitality levels in consumers. A wide range of new products have been presented in the market as of late, for example, the advent of an easy, inexpensive brownie blend by General Mills Inc., which has seen extensive accomplishment in the United States Rising frequencies of celiac infection in the nation have impelled offers of sans gluten products over the estimate time frame.
The leading players in the market are General Mills, Boulder Brands, Kellogg’s, Hain Celestial Group, Domino’s Pizza Enterprises, Hero Group, Kraft Foods Inc and Dr. Schaer Spa. These organizations are fit for obliging the demand from a tremendous purchaser pool around the world, principally attributable to their broad dissemination systems and wide portfolios.
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Product Outlook and Trend Analysis
Bakery products developed as the leading portion, with more than 20 percent of the volume share in 2015. Biscuits, bread, and cakes are the absolute most exceedingly expended products over the globe; and changes in quality, taste, and time span of usability dependability in the gluten-free section have added to higher share of the market of the portion as of late. Pasta and rice are foreseen to give abundant development chances to trend-setters in the business. The fragment is expected to develop at a significant rate in the upcoming years, with leading brands, for example, Barilla America launching gluten-free penne at a less price, which are likewise known for their great taste and surface in correlation with regular pasta products. Desserts & ice-creams are expected to stay prominent alternatives among consumers. Expanding examples of gluten sensitivities in kids have urged sustenance suppliers to substitute ordinary desserts with these minimal effort choices that are free from allergens.
Distribution Outlook and Trend Analysis
In 2015 Supermarkets represented the most astounding income share developing at a significant CAGR. These outlets are for the most part supported by buyers inferable from their wide product displays, convenience of availability, and focused on plans custom fitted to particular requirements. The fragment is expected to profit by developing consciousness among retailers, which has spurred advancement in promoting techniques and expanded the offer of beforehand undiscovered product sections. Autonomous regular or health food stores represented 10.4 percent of the general income share with high prospects for quick development over the anticipated period. Other distribution outlets, for example, club and drug stores are likewise expected to remain a vital share of the business.
Regional Outlook and Trend Analysis
North America is foreseen to remain the leading purchaser with more than 53 percent of the income share in 2016. The district is home to significant nourishment brands and organizations that have broad dispersion arrange and give a wide cluster of products. Purchasers in this market additionally have positive observations with respect to sound gluten-free eatables, which are foreseen to support industry development. Expanding customer expendable wages and the shift in pattern towards processed foods in nations, for example, China, India, and New Zealand are driving fast industry developments in Asia Pacific. Real western food brands are endeavoring to catch these high-potential markets by embracing comprehensive promoting procedures, introducing new products, and building local production plants.
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The Gluten-Free Products Market is segmented as follows-
Dairy/ dairy alternatives
Condiments, seasonings, spreads
Meats/ meats alternatives
Desserts & ice-creams
Pasta and rice
By Distribution Channel:
Independent natural or health food stores
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