Published By : 15 Jun 2016 | Published By : QYRESEARCH
Gluten free diet is a treatment for people diagnosed with celiac. People with celiac react abnormally to gluten, causing bowel damage, and thus need gluten-free food. Gluten-free diet is also recommended for non-celiac patients, who show symptoms when they eat gluten. The gluten-free products market is driven by rising number of celiac patients and the rising prevalence of non-celiac gluten sensitivity among people. Growing consumer awareness about the health benefits of gluten-free food is driving the market.
According to a report published by a market intelligent company Transparency Market Research (TMR), the global gluten free 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 in terms of revenue.
Rising Efforts for Weight Management Drives Gluten-Free Food Products 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 product 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 fresh food industry will open new opportunities of growth in the market.
Gluten-free Bakery Products Segment Held Largest Share in 2014 in Gluten-Free Food Products Market
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 both in terms of volume and value, in 2014. The domination of gluten-free bakery products segment is expected to continue in the coming years. The growth is due to rising consumption of gluten-free biscuits and the shift of investment from specialty diabetic sector to gluten-free bakery products by manufacturers.