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Gluten-free Food Market is Up to Cross US$ 11,587 Million by 2034 with a Higher Prevalence of Obesity and Celiac Disease

The expansion of gluten-free product offerings in supermarkets and specialty stores coupled with the rising consumer demand for allergen-friendly and free-from foods will drive the industry growth.

NEWARK, Del, March 27, 2024 (GLOBE NEWSWIRE) — The global gluten-free food market is estimated to be around US$ 5,870 million in 2024. For the projected period, gluten-free product sales are expected to rise at a moderate CAGR of 7%. By 2034, the net worth of the global gluten-free food industry is anticipated to be close to US$ 11,587 million.

Higher awareness among consumers regarding the product, and rising cases of celiac disease is the primary reason driving the adoption of gluten-free foods currently. Moreover, the rise in popularity of gluten-free food products among millennials to maintain health and diet has boosted sales in recent years.

Technological breakthroughs and formulations that can improve the shelf-life of demand for gluten-free food products are expected to assist manufacturers in expanding their supply chain fast. Likewise, the proliferation of e-commerce websites or online sales platforms is expected to broaden the sales network of gluten-free producers in the coming days.

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Key Takeaways from the Gluten-free Food Market Study Report:

  • The overall market is anticipated to witness an absolute growth opportunity of US$ 6 billion over the next ten years.
  • The United States currently dominates the North American market and is expected to progress at a rate of 5.2% through 2034.
  • Germany is the key producer of gluten-free products in Europe which is forecasted to progress with a CAGR of 6.6% from 2024 to 2034.
  • China is a prominent supplier of gluten-free food items in Asia and is projected to advance at a rate of 7.1% between 2024 and 2034.
  • India has emerged as a key market for gluten-free goods in Asia and is poised to develop with a CAGR of 9.4% during the forecast years.

“Well-to-do families are shifting towards a gluten-free diet, thus encouraging manufacturers to produce a strong portfolio of gluten-free food items. Gluten-free food items have also become freely accessible, both online and offline, presenting new sales opportunities for emerging market players.” – Says Nandini Roy Choudhury, Client Partner at Future Market Insights

Competitive Landscape for the Gluten-free Food Market Participants:

The presence of leading players such as The Kraft Heinz Company, General Mills, and Kellogg’s Company, who are continuously offering a wide range of gluten-free foods has consolidated the market. Consumers in emerging countries of Asia and Latin America are gravitating toward baked goods with extra nutrition and health advantages creating more opportunities for new players.

Key Companies Profiled:

  • The Kraft Heinz Company
  • Kellogg’s Company
  • General Mills
  • The Hain Celestial Group Inc
  • ConAgra Brands Inc
  • Hero AG
  • Barilla G.E.R Fratelli S.P.A
  • Freedom Foods Group Limited
  • Raisio PLC
  • Enjoy Life Foods

Recent Developments by the Gluten-free Food Industry Players:

In January 2023, Arva Flour Mills, the oldest running commercial flour mill in North America, announced to acquisition of the Full of Beans Gluten Free Brand. In June 2023, “The Mill” intends to open their retail location and their website, www.arvaflourmill.com, for the debut of their gluten-free line under the Arva Flour Mills brand.

In March 2023, the Canadian rice company, Dainty Rice, announced the debut of a modern range of gluten-free baking mixes. The 140 years of rice and rice flour knowledge of Dainty is being used in this new product range. One of the main ingredients in the new products is rice flour, which is made at the gluten-free certified facility of the Dainty flour mill. This innovative product works perfectly as a stand-in for any recipe that calls for wheat flour.

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Key Segments Covered by Gluten-free Food Industry Survey Report:

By Product Type:

  • Infant Formula
  • Bakery Products
  • Pasta
  • Dairy Products
  • Ready Meals
  • Other Product Types

By Form:

By Source:

  • Animal Sources
  • Plant Sources
    • Pulses
    • Oilseed
    • Rice
    • Corn
    • Other Plant Sources

By Region:

  • North America
  • Latin America
  • Europe Market
  • East Asia
  • South Asia and Pacific
  • Middle East and Africa (MEA)

Authored by:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact FMI:

Nandini Singh Sawlani
Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Originally published at https://www.einpresswire.com/article/699169894/gluten-free-food-market-is-up-to-cross-us-11-587-million-by-2034-with-a-higher-prevalence-of-obesity-and-celiac-disease-future-market-insights

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