Global Gluten-Free Food Market Expected to Expand to $6.47 Billion by 2023
Friday, December 6th, 2019 -- 8:05 AM
(Wisconsin Ag Connection) -A new report shows that the global gluten-free food market was valued at $3.88 billion in 2016, and is projected to expand from $4.48 billion in 2018, to $6.47 billion in 2023, expanding at a compound annual growth rate of 7.6%.Gluten consumption has become a matter of concern for the food and health industry due owing to the increased prevalence of celiac disease and gluten-related allergies. Celiac disease causes the body to reject gluten and fight back in the form of severe digestive issues and anemia, among other health hazards. It affects 1%-2% of the global population and is predicted to grow exponentially in the next 15 years. Also, consciousness among the masses regarding the benefits of healthier living will positively impact the growth of the market. There are seven types of gluten-free food: bakery food, dairy food, meat and its substitutes, pasta, condiments, spices and spreads, desserts and ice cream, and ready-to-eat meals. The gluten-free bakery food segment held the largest share of the market in 2018, owing to the high global demand for gluten-free bread, buns, and rolls. This segment is forecast to expand at a CAGR of 8.5% over 2018-2023.
Europe is estimated to be on track to record the highest CAGR during the forecasted period, sustained by changing consumer perceptions about the effects of gluten-free diets, such as weight loss and good health. North America held the largest market share in 2018, underpinned by the rising number of patients diagnosed with celiac disease. The common distribution channels for the market are conventional stores, specialty stores, and drug stores. Conventional retailers include grocery stores, club stores, and mass merchandisers. Among the different distribution channels, conventional stores held the highest market share, given their ease of accessibility.
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