DUBLIN--(BUSINESS WIRE)--The "Gluten-Free Bakery Products Market - Global Industry Analysis (2018 - 2020) - Growth Trends and Market Forecast (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
Poised for a promising CAGR of 11.9% between 2021 and 2026, the global gluten-free bakery products market is all set to exceed revenues of US$5 Bn towards the end of forecast period.
Companies Mentioned
- Pladis Global
- Conagra, Inc.
- Rudi's Bakery
- NAIRN'S OATCAKES LIMITED
- Barilla Group
- Mondelez International
- Dr. Schar AG / SPA
- Associated British Foods plc
- Kinnikinnick Foods Inc.
- ALDI
The report says that increasing inclusion of gluten-free baked goods into the quick service restaurant (QSR) menus points to how rapidly they are entering the mainstream, capturing larger market spaces.
While gluten has been a traditional ingredient in daily diets, it is only recently that consumers have developed a shifting perception regarding consumption of gluten-loaded foods. With a growing concern around how gluten can potentially be unhealthy in long term, a greater number of people have been turning to gluten-free dietary practices as a part of healthier lifestyle. In addition to soaring prevalence of gluten intolerance, and celiac disease worldwide, an expanding proportion of those suffering from obesity (seeking considerable weight loss) is also a major factor generating demand for gluten-free products.
Sales of Biscuits and Cookies Remain Noteworthy
Among breads, pizzas, biscuits, tortillas, cookies, cakes, muffins, and crackers, it has been observed that easy, dry, and on-the-go products like cookies, and biscuits are selling out faster than others on the market. At an estimated CAGR of more than 13% during 2021 - 2026, biscuits and cookies will continue to represent the fastest selling category in the gluten-free bakery market. Organic products are recently gaining strong ground in the gluten-free space owing to which the organic segment is projected to be gaining a notable incremental opportunity worth of over US$800 Mn over 2021 - 2026.
Growth of Retail Provides a Strong Fertile Ground for Market Growth
In line with the flourishing retail industry that provides a dedicated space to bakery, supermarkets and hypermarkets are expected to be the significant contributors to market expansion. The strong rise of segments like free from, and better for you has been an important factor driving visibility, and sales of speciality products, including gluten-free bakery products. This is clearly attributable to the growing consumer interest around health foods, coupled with their dramatically rising accessibility, and availability. The supermarket/hypermarket segment is expected to exhibit over 10% CAGR between 2021 and 2026. The role of online retail has also been important, especially amid the COVID-19 pandemic.
Europe Reflects Strongest Growth Opportunity for Gluten-free Bakery
In the US, almost three out of four ordinary consumers consider gluten-free products suitable for everyone in their families. While this trend clearly points to the deepening penetration of gluten-free beyond consumers with gluten intolerance, allergy, or sensitivity, it is a strong indication of rising ubiquity of gluten-free foods. Led by the US, North America is expected to maintain its significant position in the market throughout the forecast period. Regional analysis of the market further reveals that Europe, the key market for bakery industry, will be an important contender in the global market for gluten-free bakery products as well. Between 2021 and 2022, European market is slated for an impressive growth rate of more than 11%.
Key Topics Covered:
1. Executive Summary
2. Market Overview
2.1. Market Definitions
2.2. Market Taxonomy
2.3. Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.4. Porter's Five Forces Analysis
2.5. Covid-19 Impact Analysis
2.6. Key Regulations
2.7. Key Certifications
2.8. Key Developments
3. Global Gluten-Free Bakery Products Market Outlook, 2018 - 2026
4. North America Gluten-Free Bakery Products Market Outlook, 2018 - 2026
5. Europe Gluten-Free Bakery Products Market Outlook, 2018 - 2026
6. Asia Pacific Gluten-Free Bakery Products Market Outlook, 2018 - 2026
7. Latin America Gluten-Free Bakery Products Market Outlook, 2018 - 2026
8. Middle East & Africa Gluten-Free Bakery Products Market Outlook, 2018 - 2026
9. Competitive Landscape
9.1. Company Market Share Analysis, 2019
9.2. Company Profiles
10. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/fqykel
