Lifestyle Change has Opened up Several Market Opportunities in the Gluten-Free Products Market
The global gluten-free products market size is estimated to account for USD 5.6 billion in 2020 and is projected to reach USD 8.3 billion by 2025, at a CAGR of 8.1%.
The gluten-free products market is driven by factors such as increased diagnosis of celiac diseases and rising adoption for special dietary lifestyles & free form food products. Also, increasing availability of gluten-free products in organized retails is expected to propel the growth of this market in the coming years.
By Distribution channel, the conventional stores segment is projected to have the highest growth rate in the forecast period. End consumers prefer conventional stores as a major part of their shopping habits, owing to ease in accessibility, along with being relatively economical and optimal. This has resulted in their increased popularity and preferred destination for navigating through a range of gluten-free products. Thus due to easy accessibility conventional stores has the highest growth rate in the forecast period.
The segment estimated to account for the largest share in the gluten-free products market in 2020, by form, is the solid segment. This is attributed to the fact that manufacturers of these products are into large-scale production of this form of gluten-free products, catering to the global end-consumer demand. Products such as bread, rolls, buns, cakes, cookies, crackers, wafers, biscuits, baking mixes & flours, breakfast cereals, snack bars, confectionery products, noodles, and RTE products fall under the solid form of the gluten-free product segment. These products are widely accepted and consumed across regions.
By type, the bakery segment is estimated to account for the largest share in the gluten-free products market in 2020. The bakery segment type of gluten-free products accounted for a larger market share, as compared to the other types. Owing to the fact that the manufacturers of these products are into large-scale production of this type of gluten-free products, catering to the global end-consumer demands.
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