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:
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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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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