Gluten free foods market to witness a CAGR of 11.4% during 2018-2024

NEW YORK, Aug. 17, 2018 (GLOBE NEWSWIRE) -- The global gluten free foods market is expected to witness a CAGR of 11.4%, and is projected to reach USD 12.4 billion by 2024. The growth in the market is attributed to the growing awareness regarding celiac disease and food allergies across the globe. Moreover, increased availability of gluten-free products is also expected to propel the market growth during the forecast period.

Gluten is a protein found in wheat, barley, rye, and other ingredients which are derived from them. A gluten free diet consists of foods that do not contain gluten-containing grains or derivatives of these products. Due to rising demand for gluten free products, food manufacturers have introduced a variety of products ranging from bakery products to prepared foods. Many food products now carry a gluten free label. According to the Food and Drug Administration (FDA) criteria, food containing less than 20 ppm (parts per million) can carry this label.

Key findings from the report:

  • Based on the product type, the bakery products segment dominated the market in 2017, and is expected to retain its dominance over the forecast period
  • On the basis of distribution channel, the conventional stores segment held the largest share of the global gluten free foods market
  • North America held the major share of the market during 2017 and is projected to grow at a steady rate during 2018-2024
  • The key players dealing in gluten free foods market are Hain Celestial Group; Pinnacle Foods Inc.; Dr. Schär AG / SPA; General Mills, Inc.; Kellogg’s Company, Ltd ; The Kraft Heinz Company; Hero Group AG; among others

In 2017, Pinnacle Foods acquired a frozen warehouse and vegetable packaging facility from Ryder Integrated Logistics for $37.5 million.

Increasing prevalence of celiac disease driving the gluten free foods Industry

The demand for gluten free foods is mainly attributed to the increasing prevalence of celiac disease across the globe.When people suffering from celiac disease eat any food that contains gluten, the body mistakenly identifies it as harmful and triggers an auto immune reaction, resulting in swelling and inflammation of small intestine. Repeated consumption of gluten by people with celiac disease can cause permanent damage the small intestine. Although a gluten free diet does not cure celiac disease, however the diet does relieve the symptoms associated with gluten sensitivity.

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Gluten Free Foods  Market - Regional insight

North America holds the major share of the gluten free foods sector and is expected to retain its dominance during the forecast period. Factors driving growth in the region are; increased availability of the free-from food coupled with a large number of health conscious consumers. Asia-Pacific market is projected to grow at a significant rate during the forecast period owing to increasing disposable income in the emerging economies.

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