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With an increase in the standard of living of the population, more people have begun to prefer healthy products and reduce them.
NEW YORK CITY, NEW YORK, USA, Nov 28, 2021 /EINPresswire.com/ – Based on current data and reporting analysis, the global gluten-free market was valued at $ 4.35 billion in 2018 and is expected to reach USD 8.51 billion by 2027, at a compound annual rate of 7.7%. Gluten is a protein that occurs naturally in food grains such as wheat, barley, rye, and spelled. Gluten is made up of two main proteins called glutenin and gliadin, of which gliadin is primarily responsible for most health-related problems. When mixed with water, the mixture results in the formation of a glue-like dough, it gives a soft and fluffy but elastic texture to the dough, in fact the name gluten is derived from the glue-like property it possesses this protein.
The food and beverage industry is involved in the transformation of food raw materials into consumer food products. The sector includes groceries, oils and fats, food additives, functional foods and beverages, canned foods, packaged foods, natural and healthy foods, baby foods, animal foods, syrup, baked foods, soft drinks, alcoholic and non-alcoholic beverages, energy drinks and packaging. Companies in this industry seek food innovations that meet changing consumer preferences in terms of global flavors and varieties. Contactless transactions, the open kitchen concept, ghost kitchens, and e-commerce trends (especially during Covid 19) are reshaping the food and beverage industry.
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Key players operating in the industry:
Key players include Kraft Heinz Company (US), The Hain Celestial Group, Inc. (US), Pinnacle Foods Inc. (US), General Mills, Inc. (US) And Kellogg Company (USA), Hero AG (Switzerland). , Barilla GER Fratelli SPA (Italy), Pasia Plc (Finland), Genius Foods (UK) and Warburtons (UK).
Other key findings from the report suggest:
• The gluten-free market is growing at a CAGR of 0% in Europe, followed by North America and Asia Pacific, with CAGR of 7.8% and 7.4%, respectively. The high prevalence of celiac disease among the population is expected to boost the industry.
• As of 2018, the bakery products segment is the one that dominates the product market, which has 44.1% of the world market. The North American regional market is the main source of revenue for this product segment, followed by the Europe and Asia-Pacific regions.
• The dairy market is expected to grow at a CAGR of 4% during the forecast period 2019-2027. However, the side effects and associated costs are a major challenge for the growth of the industry.
• The Pizzas and Pastas segment was valued at USD 696.2 million and is expected to reach USD 1,232.8 million in 2027. Pasta is expected to show a high demand in European countries, especially in Italy, France, Spain and Germany.
• Key players are adopting various strategies such as partnerships, expansion, new product launches, new line launches, and mergers and acquisitions. For example, Conagra Brands acquired Pinnacle Foods Inc., with the goal of expanding its business and market share.
• According to a study, 3 million people in the US have celiac disease, which means that 1 in 133 people suffer from this serious intestinal disease, yet only 1 in 4,700 people receive an official diagnosis while others are not aware of it. making them sick.
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The growth of the food and beverage industry is mainly attributed to the increase in world population, the substantial increase in demand for food, the increase in agricultural activities around the world and the increase in sales of packaged food and processed. Industry revenue growth is driven by factors such as increasing demand for organic food products, increasing demand for natural food ingredients and additives, and increasing food and beverage imports and exports worldwide. Technological advancements in food processing and packaging solutions, the increase in the number of online food delivery companies and the increase in disposable income of consumers around the world are factors that further contribute to the growth of this industry. .
Market segmentation:
Product Type (Revenue, USD Million; 2017-2027)
• Bakery products
• Pizzas and pastas
• Desserts and flavors
• Dairy products
• Meat and meat alternatives Corticosteroids
• Others
Source type (revenue, USD million; 2017-2027)
• Oilseeds and legumes
• Rice and corn
• Dairy and meat products
• Lentils, legumes and beans
• Others
Type of distribution channel (revenue, USD million; 2017-2027)
• Conventional stores
• Hotels and restaurants
• Hospitals and pharmacies
• Others
Regional Outlook (Revenues in USD Million; 2017-2027)
• North America
or us
or Canada
• Europe
or Germany
France
or United Kingdom
or Spain
or Italy
o Rest of Europe
• Pacific Asia
or China
India
or Japan
o Rest of Asia-Pacific
• Middle East and Africa
• Latin America
or Brazil
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Key questions answered in the report
1. What will the market size and growth rate be in the forecast year?
2. What are the key factors driving the global Gluten Free Products market?
3. What are the risks and challenges facing the market?
4. Who are the key players in the global Gluten-free Products market?
5. What are the trend factors that influence market shares?
6. What are the key results of Porter’s five-force model?
7. What are the global opportunities to expand the global gluten-free market?
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