With the emergence and long-term Impact of COVID-19, the Global Gluten-Free Products Market is to reach USD XX Billion by 2029
Bizwit Research & Consulting LLP’s Recent Analysis on Global Gluten-Free Products Market is poised to raise up to USD XX Billion by 2029. Gluten-Free Products improve the health of patients suffering from celiac disease, a condition that causes inflammation in the small intestine. This product helps in improving the digestive system, and cholesterol levels and boosts energy levels. The Gluten-Free Products market is expanding because of factors such as rising awareness toward health and beauty-conscious products and growing incidences of celiac diseases & gluten intolerance in the forecast period. According to Statista in 2022, the revenue in the beauty and cosmetic segment is rising rapidly. In 2022, the revenue generation is expected to attain USD 18,0003 million whereas it is projected to grow by 4.99 % annually. With, the rising health and beauty consciousness spending on beauty and healthcare products is rising which enhances the market growth in the forecast period. Whereas private labeling of gluten-free products and rising investment by small and mid-sized food products create lucrative opportunities for the market. However, formulation challenges associated with removing proteins hamper the market growth throughout the forecast period of 2022-2029.
Geographically, the global Gluten-Free Products Market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in terms of revenue generation, owing to the increasing demand and adoption of gluten-free products, easy availability, and growing awareness of celiac diseases. Whereas the Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as a rise in health and wellness tourism, rising health consciousness, and awareness of beauty products in the forecast period.
The global Gluten-Free Products Market is highly competitive owing to the presence of several key manufacturers such as Conagra Brands, Inc., The Hain Celestial Group Inc., General Mills Inc., Kellogg Co., The Kraft Heinz Company, and others.
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Global Gluten-Free Products Market Size Study & Forecast, by Material By Product (Bakery Products, Dairy/Dairy Alternatives), By Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores), and Regional Analysis, 2022-2029
Key findings of the study suggest:
- Global Gluten-Free Products Market is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029.
- In the product segment, bakery products emerged as the leading market segment in 2021.
- North America is anticipated to drive regional growth owing to rising disposable income and growing inclination towards the use of gluten-free products.
- Asia Pacific is expected to grow at a high CAGR followed by North America during 2022-2029.
Bizwit Research & Consulting has considered the following segments for the study:
- Bakery Products
- Dairy/Dairy Alternatives
By Distribution Channel:
- Supermarkets & Hypermarkets,
- Convenience Stores
- North America
- Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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