The global gluten-free food market is witnessing a notable surge in its market valuation, thanks to the rising number of health-conscious consumers and their increasing preference for a gluten-free diet. The growing awareness regarding the benefits gluten-free food offers has made it quite popular among consumers across the world.
According to a report by Transparency Market Research (TMR), the worldwide market for gluten-free food touched US$2.8 bn in 2014. Experts predict that this market will continue to rise at a CAGR of 7.70% from 2015 to 2021 and attain a value of US$4.9 bn by 2021.
In terms of volume, the market stood at 277.2 (‘000) metric tons in 2014. During the period from 2015 to 2021, it is likely to expand at a CAGR of 6.10% and reach 423.0 (‘000) metric tons by the end of 2021.
Demand for Gluten-free Bakery Products to Remain High
Gluten-free ready meals, bakery products, pasta, and baby food are the main products available in the global market for gluten-free food. In 2014, the highest demand was for gluten-free bakery products. The trend is likely to remain the same in the coming years. The extensive demand for gluten-free cookies and biscuits is expected to impel the market for gluten-free bakery products significantly in the near future.
Apart from this, the growing demand for these bakery products is presenting the producers of food items an option to shift their focus from specialty diabetic foods to gluten-free bakery products such as bread, biscuits, muffins, cakes, pies, donuts, and pastries, which is also projected to add to the market’s growth in the coming years.
Europe to Maintain Leading Position in Global Gluten-free Food Market
The worldwide market for gluten-free food is spread across Asia Pacific, North America, Europe, and the Rest of the World. Europe has emerged as the leading regional market for gluten-free food and is likely to remain dominant in the coming years. Analysts project this regional market to expand at a CAGR of 5.0% in terms of volume and 5.50% in terms of revenue during the period from 2015 to 2021.
Germany, Italy, and France have surfaced as the major domestic markets in Europe. The surge in gluten intolerance among people in Germany is leading to a remarkable rise in the demand for gluten-free food in this country while the increase in the obese population in France is boosting the popularity of a gluten-free diet, thereby propelling the market for gluten-free food in this nation.
Browse Full Global Gluten Free Food Market Report with TOC:http://www.mrrse.com/gluten-free-products-market
Escalating Base of Celiac Patients to Propel Gluten-free Food Market
In 2014, North America occupied the second position in the worldwide market for gluten-free food. Analysts expect it to retain this position over the next few years. Canada and the U.S. lead the North America gluten-free food market on account of the escalating base of celiac patients in these nations.
Some of the major producers of gluten-free food across the world are Kellogg’s Co., Dr. Schär Ag/Spa, Boulder Brands Inc., Hero Group, Valeo Foods, General Mills Inc., The Hain Celestial Group Inc., Genius Foods Ltd., Farmo, Raisio PLC, Enjoy Life Foods LLC, The Kraft Heinz Co., Freedom Foods Group Ltd., Mrs. Crimble’s, and Ener-G Foods.