Shift in Customer Preferences Alters Global Gluten-Free Foods & Beverages Market Significantly

November 2022, Market Research Future has published a Report on the Global Gluten-Free Foods & Beverages Market

Gluten-Free Foods & Beverages Market Highlights:

Gluten-free Foods & Beverages Market is projected to reach USD 7.118753812 billion by 2030, exhibiting a CAGR of 7.29% from 2023 to 2030.

Rising health concerns have increased the market for healthy substitutes, gluten free foods and beverages is one of the categories that is garnering increasing demand. Market Research Future, a firm which specializes in market reports related to the Food and Beverage sector among others, recently published a report on this market.  The industry is expected to develop at an unprecented rate with a lucrative CAGR percent in the forecast period.

Rising incidences of lifestyle related diseases has prompted individuals to choose healthier options of which gluten free products are an emerging segment. Digestive health issues have also increased the demand for this industry significantly. Weight management and wellness sector is also considerably responsible for the growth witnessed by the sector. The sector also has been influenced in the number of gluten allergy cases which has further fortified the growth trajectory of the market.

Industry Segments:

The market is segmented on the basis of type, feedstock and by packaging. The gluten-free foods & beverages market by type includes breakfast cereals, noodles, bakery products, confectionery, beverages and others. While, on the basis of packaging the industry is segmented into dried, instant, fresh, frozen, cooked, canned and others.

Detailed Regional Analysis:

The global gluten-free foods & beverages market is distributed into five regions namely Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. North-America and Europe dominate the market with the largest market share, accounting for a substantial portion and are estimated to grow over significantly more by 2030. Asia-Pacific and RoW are the fastest growing market for Global Gluten-free Foods & Beverages Market and are expected to grow at an exceptional CAGR from 2023 to 2030.

Global Competitive Analysis:

The industry players in the segment are effectively utilizing their primary resources to initiate long lasting growth changes. A trend of volume-driven growth has been observed in the market of late with the development of different varieties of product types. The sector is undergoing considerable transformation which has accelerated the growth pace of the sector. The best long-term growth opportunities for this sector can be harnessed by ensuring ongoing process improvements and maintaining financial flexibility to invest in the optimal strategies. Conversely, with companies aiming to capture a considerable share of the market segment as early as possible, experimentation with various advantage points is being seriously considered and implemented.

The key players profiled in the report are Boulder Brands, Dr. Schär, Gruma, Hain Celestial, General Mills, Kellogg’s Company, and The Kraft Heinz Company to name a few of the players in  the Global Gluten-free Foods & Beverages Market.

Industry Updates:

Jan 2021 Brusco, a British-owned bulk ingredients supplier, has introduced its latest gluten-free ale named “As Good As Gold” to the extensive list of alcohols that it is supplying to the UK food and drinks markets. The product allows for food processors to modify their usual ranges while taking advantage of the significant “Free-From” movement sweeping supermarket aisles.

Jan 2021 Starbucks has launched new vegan food and drinks which will feature in their stores from January 2021. Starbucks stores across Europe will be offering the new goodies along with the drinks. The new breakfast and lunch options of vegan and gluten-free paninis, buns, and sandwiches are being released just in time for people committing to their new year’s resolutions so as to capture a large degree of the market traction.