Gluten Free Food Market annual consumption will surpass 830 kilo tons by 2024
Europe led by France, UK Italy, and Germany gluten free food market register significant CAGR of 9% by the end of forecast period owing to upsurge demand for pizza and bakery products and increasing demand for frozen food.
Sellbyville, United States – December 19, 2018 /MarketersMedia/ —
North America gluten free food market demand driven by the U.S., Canada and Mexico may surpass USD 2.5 billion by 2024. Growing concern towards celiac disease will accelerate the product demand. These products provide enough nutrients, vitamins and minerals which act as a strong element for patients suffering from celiac disease, thus stimulating regional growth.
Global Gluten Free Food Market will exceed USD 12.5 billion by 2024; according to a new research report by Global Market Insights, Inc. Growing consumer awareness regarding celiac problems, autoimmune problems and gluten allergy cases coupled with health issues which includes obesity and indigestion may drive the global market demand. Increasing number of hypermarkets and supermarkets in China, Germany, UK, and the U.S., which has upsurge awareness regarding these food products may propel product demand.
Gluten free bakery products market demand may surpass USD 7 billion by 2024. These products are widely utilized in breads, biscuits and cookies owing to their superior properties which provides gas holding ability, extensibility of dough and offers mixing tolerance which enhances the structure, thereby stimulating product demand.
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Gluten free food market from cereals & snacks was valued at over USD 850 million in 2017 and may surpass at a higher value in projected timeframe. These products offer various benefits when used in breakfast cereal as it lowers down cholesterol levels, improves gastrointestinal health and promotes higher energy levels. They are also consumed to cut down fats which aid in reducing weight in an individual, thus supporting product demand.
Gluten free food market in hotels & restaurants is likely to register significant gains at over 8.5% by the foreseeable time-frame. Several restaurants and food chains offer gluten free menu owing to aversions associated with wheat products and provide allergen information for the menu which is being served, which in turn may foster industry growth.
Italy market outlook is anticipated to surpass USD 820 million by 2024 due to increasing bakery products and pizza demand. Increase in working population along with hectic lifestyle has led to rise in pizza demand in the region. Rise in variety of products in the European supermarket mainly frozen pizza is mainly increasing product demand.
Japan market demand should register significant gains at around 9% over the predicted timeframe. Consumers are keen on maintaining a healthy diet and health conditions related to metabolic syndrome have encouraged a substantial number of consumers to seek products with health benefits and nutritional value, thereby driving regional growth.
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CEREALTO, Wheafree, Glutafin, DI Manufacturing and Prima Foods are the key industrial players in the global market. New product launches, and strong R&D may enhance product portfolio, which in turn boost the industry growth. Most of the researchers are developing and focusing on novel applications of legume flour product to increase gluten free demand which in turn may accelerate gluten free food market over the forecast time-frame.
Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/pressrelease/gluten-free-food-market
Source: MarketersMedia
Release ID: 461844
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