Gluten free market to reach $4.9 billion by 2021
The gluten-free food trend is showing no signs of stopping according to a recent study by Transparency Market Research which projects the gluten-free food segment to reach $4.89 billion by 2021, growing at a CAGR of 7.7 percent.
The report, "Gluten Free Food Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2015 – 2021," details that in terms of volume, the global gluten free food market was valued at 277.2 ('000) metric tons in 2014 and is expected to reach 423.0 ('000) metric tons by 2021.
In terms of volume and revenue, Europe is the largest regional market driven primarily by discomfort related to gluten rich diets in the region. Researchers say consumers in France perceive that obesity is a symptom of gluten intolerance which in turn has propelled the idea among consumers that gluten free diet could help to reduce weight.
In 2014, North America was the fastest growing market for gluten free food in terms of revenue and volume. The gluten free food market in the U.S. is mainly driven by growing number of celiac disease patients and positive consumer reaction to gluten free diet.
Among the different product types, gluten free bakery products held the largest market share by both value and volume in 2014 and is expected to maintain the leading position throughout the forecast period. Major players operating in the gluten free food market include Boulder Brands Inc., Mrs Crimble's, Enjoy Life Foods LLC, Hain Celestial Group Inc, Dr Schar AG/SpA, Genius Foods Ltd, Freedom Foods Group Ltd and Ener-G Foods Inc among others.
More on the study can be found here.
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