Gluten Free Products Market Size to grow by USD 5231.56 million between 2023-2027

Technavio, a leading provider of market research reports, has released its latest study on Gluten Free Products Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.

Key Highlights:

• Market Research Overview: In the global food, beverage, and tobacco market, Technavio identifies the gluten-free products market as a segment of the larger packaged foods and meats market. This market encompasses food processing companies that focus on eliminating microorganisms and enhancing shelf life. The market's size is determined by the consolidated revenue of the participating vendors, excluding those in the food processing equipment sector. Notably, this market does not encompass manufacturers of packaged alcoholic and non-alcoholic beverages, including mineral waters. - The Gluten Free Products Market is experiencing significant growth, fueled by the Rising awareness about the benefits of gluten free products. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

• Major Findings:
  • Rising awareness about the benefits of gluten free products
  • Increasing demand from millennials
  • High price of gluten free products
  • Limited availability of gluten free products
• Growth Projections

The market size is estimated to grow by USD 5231.56 million, at a CAGR of 9.66% during the forecast period. In response to the rising prevalence of celiac disease and gluten intolerance, the market for gluten-free products is experiencing significant growth. Local bakeries are capitalizing on this trend by partnering with supermarkets to expand their customer base. For instance, Sprouts Farmers Market in Atlanta collaborates with Dunwoody Bakery to sell its all-gluten-free baked goods. Similarly, Walmart is broadening its private-label offerings with gluten-free alternatives from manufacturers like Sam Mills, thereby increasing competition and providing consumers with more options in the retail space.

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• Regional Insights

The North American region dominates the global gluten-free products market, driven by the surge in celiac disease prevalence and expanding restaurant offerings. The US, Mexico, and Canada are key contributors, with the US leading due to a high incidence of celiac disease. This condition, linked to medical issues like diabetes, Down syndrome, and infertility, necessitates awareness programs, such as those provided by the University of Chicago Celiac Disease Center.

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