Gluten-free Bakery Market Share with Investment of Gross Margin, and Regional Demand till 2032
Gluten-free Bakery Market Research Future Insights
The global
gluten free bakery market is expected to register a CAGR of ~ 4.90% from 2022
to 2030 and hold a value of over ~USD 2.1533 billion by 2032.
Growing industry
demand is driven by rising interest in gluten-free products as a treatment for
celiac disease. Due to the rise in popularity among people with other illnesses
like inflammatory diseases, autoimmune disorders, and non-celiac gluten
sensitivity, gluten-free bakery products are also gaining importance.
The gluten-free
bakery market share is growing due to growing government awareness
campaigns about using gluten-free products to treat celiac disease and other
conditions not caused by the disease. Customers now need to be diagnosed with
celiac disease more frequently, which has increased demand for the product.
Additionally, it is anticipated that the growing trend of eating healthily in
developing nations will offer market expansion opportunities. With the growing
health concerns worldwide, the industry's growth is mostly driven by the rising
demand for wholesome food items. Furthermore, the business is anticipated to
expand due to the rising demand for healthy food products to prevent health
issues like metabolic syndrome, diabetes, obesity, and chronic pulmonary
disease (COPD). Introducing new products by manufacturers is also a major
factor in the sector's expansion. During the COVID-19 epidemic, there was an
increase in demand for healthful foods, particularly gluten-free baked goods,
which aided the industry's expansion. Healthcare doctors recommended eating
healthy foods daily to maintain the body's immunity during the epidemic.
Key Players
Some of the key
market players are Amy's Kitchen; Bob’s Red Mill Natural Foods, Inc.; Dawn Food
Products; The Hain Celestial Group; Dr. Schar AG; Freedom Nutritional Products
Ltd.; General Mills; Conagra Brands; Valeo Foods Ltd.; WGF Bakery Products;
Europastry S.A.; Kelkin.
Market
Segmentation
The global gluten-free
bakery market research has been segmented into product type and
distributional channels.
Based on product
type, the market has been segmented into bread, biscuits & cookies, and
cakes. The bread segment accounted for the largest share of the market in 2021.
Due to the numerous health advantages of low-carb, gluten-free, rye,
wheat-free, and other types of bread, there is a huge demand for them on the
market. Gluten-free bread satisfies the desire for fast and convenient
nourishment, especially among working people. The ability to tailor bread to
fulfill certain demands is another factor that will likely fuel the segment's
expansion. Patients with celiac disease are increasingly consuming gluten-free
bread, accelerating market growth. On the other hand, the biscuits &
cookies segment is anticipated to be the fastest-growing segment during the
forecast period. Global product demand is increasing as customer food
preferences change and healthy eating habits become more popular. Over the next
ten years, it is anticipated that busy lives, rising health & wellness
concerns, and healthy snacking habits will all contribute to business growth.
Increasing demand for nutritious cookies
Based on
distributional channels, the market has been segmented into supermarkets &
hypermarkets, convenience stores, specialty stores, and online. Supermarkets
& hypermarket accounted for the largest revenue share in 2021 in the
gluten-free-bakery market. The supermarkets & hypermarkets provide a wide
range of product options and allow consumers to know the product details before
purchasing, contributing to the segment growth. Furthermore, the strong offline
retail chain in many economies, such as the U.S., China, India, and other major
countries, aided in the growing sales of gluten-free bakery items via
hypermarkets & supermarkets. The greater availability of healthy food items
in supermarkets and hypermarkets has increased the overall sales of gluten-free
bakery products. Besides online segment is accounted to register the highest
growth in the market. Millennials and the younger generation are particularly
drawn to online shopping platforms because of the ease of home shopping,
doorstep delivery, free shipping, and discounts.
Regional
Analysis
North America
dominated the market for gluten-free bakeries in 2021. A large number of celiac
disease sufferers in the area is what primarily drives the local market. Additionally,
the U.S. and Canada's rising desire for wholesome diet items had a role in the
region's high share. The younger generation and the significant demand from
millennials for quick, convenient foods with high nutritional profiles helped
the market expand in this area.
Asia Pacific is
expected to register lucrative growth in the market for a gluten-free bakeries.
The industry in the Asia-Pacific area is primarily propelled by growing public
knowledge of the advantages of gluten-free food items in important nations like
China, India, and others. Additionally, it is predicted that the rising
awareness of celiac disease will increase the demand for gluten-free meals in
these nations.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on
Various Industry Verticals and wherever required we will be considering Covid19
Footprints for Better Analysis of Market and Industries. Cordially get in Touch
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