Albany, NY, June 22, 2016 (GLOBE NEWSWIRE) -- Transparency Market Research (TMR) has announced the addition of a new market study on the global gluten-free food products market. The report is titled “Gluten Free Food Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021.” According to the report, in terms of revenue, the global gluten-free food market, which was valued at US$2.84 bn in 2014 is projected to reach US$4.89 bn by 2021, expanding at a 7.7% CAGR from 2015 to 2021.
Gluten-free food products are eatables that do not contain any traces of gluten, which is a protein composite found in barley, rye, wheat, and all their species. A gluten-free diet is a treatment for people diagnosed with celiac disease. People with celiac disease react abnormally to gluten, causing bowel damage, and thus need gluten-free food. Gluten-free diet is also recommended for non-celiac disease patients, who might develop allergies or discomfort when they eat products containing gluten. This is termed as non-celiac disease gluten sensitivity.
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The gluten-free products market is driven by the rising number of celiac disease patients and the rising prevalence of non-celiac disease gluten sensitivity among people. Growing consumer awareness about the health benefits of gluten-free food is driving the market. Rising efforts for weight management among people across the globe are driving the gluten-free food products market. The high demand for gluten-free bakery products is also encouraging the market’s growth. On the other hand, lack of awareness regarding celiac disease is a huge challenge, which is restraining the growth of the gluten-free products market. However, the focus of key gluten-free food product manufacturers on the fresh food industry will open new opportunities of growth in the market.
The gluten-free food products market is segmented on the basis of product and geography. The types of gluten-free products available are: Baby food, pasta, bakery products, and ready meals. Of these, the gluten-free bakery products segment held the largest share in the market in terms of both volume and value, in 2014. The dominance of the gluten-free bakery products segment is expected to continue throughout the forecast period. The growth is due to rising consumption of gluten-free biscuits and the shift of investment from the specialty diabetic sector to gluten-free bakery products by manufacturers.
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On the basis of geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. In 2014, Europe dominated the gluten-free food products market and represented a share of 52.5%. North America is expected to be the fastest growing regional market by 2021, on account of the positive consumer response to a gluten-free diet and the rising number of people suffering from celiac disease.
The report profiles the leading players in the market and studies their performance, on the basis of financial overview, recent developments, and other market dynamics. The key strategies adopted by the companies are also stated. The challenges faced by the players and the factors that helped them to grow are enlisted. Among the companies operating in the global gluten-free food products market and studied in the report include: Enjoy Life Foods LLC, Freedom Foods Group Ltd Boulder Brands Inc., Hain Celestial Group Inc, MrsCrimble’s, Genius Foods Ltd, Ener-G Foods Inc., and DrSchar AG/SpA.
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The global gluten-free food market is segmented as follows:
- Gluten-free bakery products
- Gluten-free baby food
- Gluten-free pasta
- Gluten-free ready meals
- Rest of Europe
- Rest of Asia Pacific
Middle East and Africa
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- Nutraceuticals Market:http://www.transparencymarketresearch.com/global-nutraceuticals-product-market.html
- Low-calorie Food Market:http://www.transparencymarketresearch.com/zero-calorie-low-calorie-food.html
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