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Gluten Free Food Market to reach at valuation of US$4.9 bn by 2021 - New Investment Opportunities, Trends & Forecast 2015 - 2021

Albany, NY, May 25, 2016 (GLOBE NEWSWIRE) -- Transparency Market Research has published a new market study, titled “Gluten Free Food Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021.” The report says that the global gluten-free food market will reach a valuation of US$4.9 bn by 2021, increasing from US$2.8 bn in 2014. This will amount to a CAGR of 7.7% between 2015 and 2021. Displaying a volume growth at a CAGR of 6.1% from 2015 to 2021, this market will rise to 423.0 (‘000) metric tons by 2021, increasing from 277.2 (‘000) metric tons in 2014.

The increasing number of individuals that have gluten sensitivity and/or celiac disease is the major factor driving the gluten-free food market. Food free of gluten also aid in weight management and overall health management programs, further driving its demand. Other than individuals with celiac disease, a gluten-free diet is also popular due to the increasing awareness among consumers for signs of gluten sensitivity on consuming foods that contain gluten. This will also bolster the growth of this market during the forecast period.

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Gluten is present in grains such as barley, wheat, rye, and a hybrid between wheat and rye called triticale. Gluten present in foods causes inflammation of the small intestine of individuals with celiac disease. For these individuals, a gluten-free diet helps control celiac disease considerably.

The report on the global gluten-free food market presents market data on the basis of product type and geography. On the basis of product type, baby food, bakery products, ready-to-eat meals, and pasta are the segments of the market. Of all, gluten-free bakery products lead the overall market. In the bakery product segment, innovative processes and the use of gluten substitutes that give the same flavor as gluten without the digestive problems are favoring the growth of the gluten-free food market.

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Regionally, Europe is the largest market for gluten-free food in terms of both revenue and volume. In 2014, the region held a share of 52.5% in the global market by revenue. In this region, individuals are perceiving the discomfort associated with a gluten-rich diet and the increasing awareness about gluten intolerance is a major reason for the strong share of the Europe gluten-free food market in the global market.

In France, the public perception of gluten intolerance as being linked with obesity is propelling the demand for gluten-free foods. Consumers think that gluten-free food can help reduce weight, which is propelling the market in much of Western Europe. A considerably large chunk of the health-conscious young population supporting a gluten-free diet is favoring the growth of the France gluten-free food market. Europe was followed by North America, with a share of 23.2%.in the global market in 2014.

The global gluten free food market has been segmented as follows:

Global Gluten Free Food Market by Product Type

  • Gluten free bakery products
  • Gluten free baby food
  • Gluten free pasta
  • Gluten free ready meals

Global Gluten Free Food Market by Geography

North America

  • U.S
  • Canada

Europe

  • Germany
  • Italy
  • France
  • Rest of Europe

Asia Pacific

  • Australia
  • Rest of Asia Pacific

Middle East and Africa

Latin America

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About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decisionmakers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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Source:Transparency Market Research