Gluten-free Products (Bakery Products, Snacks & RTE Products, Pizzas & Pastas, Condiments & Dressings) Market - Global Forecast to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 20, 2018--The “Gluten-free Products Market by Type (Bakery Products, Snacks & RTE Products, Pizzas & Pastas, Condiments & Dressings), Distribution Channel (Conventional Stores, Specialty Stores, Drugstores & Pharmacies), and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The gluten-free products market is estimated to be valued at USD 4.48 billion in 2018 and is projected to reach USD 6.47 billion by 2023, at a CAGR of 7.6% from 2018.
The market is driven by increased diagnosis of celiac disease and other food allergies, and awareness about the health benefits associated with the adoption of special dietary lifestyles. Relatively high costs of gluten-free products than conventional gluten-containing products are the major restraints for the growth of this market.
The snacks & RTE products segment is projected to grow at the highest CAGR during the forecast period. Breakfast cereals and snack bars are the most preferred products consumed by individuals of different age groups. As a result, major food manufacturers are focusing on venturing into gluten-free snacks & RTE products, to tap into the ever-growing segment and strengthen their position in the market.
The gluten-free products market, by distribution channel, is estimated to be dominated by the conventional stores segment and is projected to be the fastest growing segment from 2018 to 2023. Conventional stores have continued to be a preferred and convenient option for the consumers as it offers a diverse range of products. Additionally, ease of access and premium-quality products are expected to boost the sales through this channel.
The key players in the gluten-free products market adopted new product launches as their key growth strategy to increase their market shares and profits. Mergers & acquisitions accounted for the second-most important form of growth strategy to be adopted by market players.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Gluten-free Products Market, By Source
7 Brand Overview
8 Gluten-free Products Market, By Type
9 Gluten-free Products Market, By Distribution Channel
10 Gluten-free Products Market, By Region
11 Competitive Landscape
12 Company ProfilesThe Kraft Heinz Company The Hain Celestial Group, Inc. Pinnacle Foods Inc. General Mills, Inc. Kellogg Company Hero AG Barilla GER Fratelli SPA Dr. Schar AG/SPA Farmo SPA Freedom Foods Group Limited Genius Foods Enjoy Life Foods Norside Foods Ltd. Warburtons Raisio PLC For more information about this report visit https://www.researchandmarkets.com/research/4k8mzf/glutenfree?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180920005425/en/
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Related Topics:Health Food and Sports Nutrition
INDUSTRY KEYWORD: HEALTH FITNESS & NUTRITION RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
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PUB: 09/20/2018 08:15 AM/DISC: 09/20/2018 08:15 AM