ID: MRFR/F-B & N/1121-HCR | 110 Pages | Published By Varsha More on March 2023
The global Gluten-Free Packaged Food Products Market size was valued at USD 5.12 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.10% from 2022 to 2030.
2022 - 2030
The global Gluten-Free Packaged Food Products Market size is projected to reach approximately USD 7.4 billion by 2024 and is expected to register 9.1% CAGR during the forecast period, 2019–2024. Gluten is a protein found in grains such as wheat, rye, and barley, which are among the major food grains with application in various packaged food products. However, owing to the rising prevalence of the celiac disease among the population, gluten-free packaged food products are gaining popularity among the consumers.
The growing the working population and busy lifestyle of the consumers has led to an increased demand for convenience foods, which is boosting the sales of packaged food products. Additionally, increasing consumer awareness towards gluten-free products is driving the overall growth of the gluten-free packaged food products. Moreover, owing to the increasing demand for gluten-free products, food manufacturers are focusing on expanding their product range of gluten-free products, which is boosting the growth of global gluten-free packaged food products market. Additionally, the growth of the organized retail sector in developing countries is also driving the growth of the market.
The global gluten-free packaged food products market has been segmented based on product type, distribution channel, and region.
Based on product type, the global gluten-free packaged food products industry has been classified as bakery & confectionery, breakfast cereals, sweet & savory snacks, RTE & RTC meals, and others.
Based on distribution channel, the global gluten-free packaged food products market has been divided as store-based and non-store-based. Further, the store-based segment is sub-segmented into supermarkets & hypermarkets, convenience stores, and others.
The global gluten-free packaged food products has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American gluten-free packaged food products has been segmented into the US, Canada, and Mexico. The European gluten-free packaged food products has been classified as Germany, France, Italy, Spain, the UK, and the rest of Europe. The gluten-free packaged food products industry in Asia-Pacific has been segmented into China, India, Japan, Australia & New Zealand, and the rest of Asia-Pacific. The gluten-free packaged food products industry in the rest of the world has been segmented into South America, the Middle East, and Africa.
General Mills, Inc. (US), Hain Celestial Group (US), Freedom Nutritional Products Limited (Australia), GRUMA, S.A.B. de C.V (Mexico), The Hershey Company (US), Nestlé S.A. (Switzerland), Kellogg's Company (US), Kraft Heinz Company (US), Hero Group AG (Switzerland), Conagra Brands, Inc. (US), Carmit Candy Industries Ltd (Israel), Norside Foods Ltd. (UK), Warburtons (UK), Bob's Red Mill (US), Campbell Soup Company (US) are some of the key players in the global gluten-free packaged food products market.
Regional Market Summary
Europe is expected to dominate the market for gluten-free packaged food products during the forecast period. High prevalence of the celiac disease among the population, followed by their increased demand for convenience food among the working population is driving the growth of gluten-free packaged food products industry in this region. North America is also projected to hold a prominent share in the global gluten-free packaged food products market with the US holding the major market share. The growing demand for gluten-free breakfast cereals among the health-conscious population is contributing to the increasing demand for gluten-free packaged food products in this region. Asia-Pacific is projected to register the highest CAGR during the forecast period. Rising health awareness among the consumers and increased product launches of gluten-free packaged foods is expected to boost the growth of the gluten-free packaged food products in this region.
Global Gluten-free Packaged Food Products Market, by Product Type