Technavio, a leading provider of market research reports, has released its latest study on Food Intolerance Products Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.
According to Technavio, the global food intolerance products market is a segment of the larger packaged foods and meats market, which falls under the food products sector of the food, beverage, and tobacco industry. The packaged foods and meats market encompasses food processing companies that focus on eliminating microorganisms and enhancing shelf life. Technavio's market analysis calculates the market size based on the consolidated revenue generated by the market's participating vendors, excluding food processing equipment manufacturers. Notably, this market does not include manufacturers of packaged alcoholic and non-alcoholic beverages, including mineral waters. - The Food Intolerance Products Market is experiencing significant growth, fueled by the Increasing geriatric population and chronic diseases. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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The market size is estimated to grow by USD 7.07 billion, at a CAGR of 5.52% during the forecast period. Technological advancements in food processing | Rise in number of launches in food intolerance products sector | Increasing prominence of private-label brands
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In the global food intolerance products market, North America emerged as the leading region in 2023, driven by the significant prevalence and incidence of celiac disease. The region's market is projected to expand at a robust rate during the forecast period, fueled by factors such as increasing restaurant and café offerings of food intolerance products and growing awareness of celiac disease. The US, Mexico, and Canada are major contributors to this trend, with celiac disease linked to various medical conditions like diabetes, Down syndrome, and infertility. To address this health concern, numerous institutions have taken initiatives to raise awareness about celiac disease and promote the consumption of food intolerance products.
The Food Intolerance Products market has witnessed significant growth in recent years, driven by increasing prevalence of food intolerances and allergies, urbanization, and changing food trends. Government laws and regulations have played a crucial role in the market's expansion, with stricter labeling requirements and certifications for gluten-free, lactose-free, and other food intolerance products. Production costs for food intolerance products can be higher due to the need for specialized ingredients and production processes. However, the growing demand for these products has led to economies of scale and increased competition, driving down prices. Food trends such as the clean-label category, vegan diet, and gut recovery have further fueled the market's growth. Conditions like Crohn's disease, irritable bowel syndrome, sore throats, migraines, bloating, and allergens to gluten, lactose, and other common food components are driving demand for food intolerance products. Online sales channels have become an essential sales channel for food intolerance products, offering convenience and accessibility to consumers. The lactose-free food segment and gluten-free products, particularly those catering to celiac disease and gluten allergies, dominate the market. The prevalence of celiac disease and gluten intolerance is increasing globally, further boosting the market's growth. Nutritional deficits and indigestion are common symptoms of food intolerances, making these products an essential part of a healthy diet for many consumers. Ready meals and other convenient food options are also gaining popularity in the market.
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