PUBLISHER: Allied Market Research | PRODUCT CODE: 1193167
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193167
The global gluten free snacks market size was valued at $843.6 million in 2021 and is estimated to reach $1,844.9 million by 2031, registering a CAGR of 8.3% from 2022 to 2031. A gluten free diet may also, in some circumstances, help treat gastrointestinal or systemic symptoms of conditions such as irritable bowel syndrome, rheumatoid arthritis, and others. The management of celiac disease symptoms and those of other gluten-related medical illnesses requires a gluten free diet. Increased demand from millennials, a surge in irritable bowel syndrome cases, rise in occurrences of celiac disease, and other food allergies, as well as the health advantages of gluten free products, all support the market's expansion. In addition, there are tremendous potential opportunities in this market due to the increased usage of micro-encapsulation technology to extend the shelf life of gluten free products including gluten free snacks and the rise in awareness of products for food intolerance.
One of the main reasons why gluten free snacks have become more and more popular in developing nations is changes in consumer lifestyle. The increase in per capita income in Asia-Pacific nations has caused consumers' eating habits to change. The market size and overall demand have grown significantly as a result of rising aspirations and a preference for luxury lifestyles. In addition, during the past ten years, per capita income in Latin America and the Middle East has expanded significantly, which is anticipated to significantly raise the demand for upscale gluten free snacks in the next years.
According to the gluten free snacks market analysis, the gluten free snacks market is segmented into product type, distribution channel, generation, and region. By product type, it is segmented into nutrition bars, candy bars, salty snacks, nuts and others. By distribution channel, it is segregated into convenience stores, supermarket & hypermarket, specialty stores, drugstores & pharmacies, e-commerce and others. By generation, it is further segmented into millennials, generation x and baby boomers. On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, Thailand, Indonesia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, UAE, Saudi Arabia, and rest of LAMEA).
Region wise, North America has gained a considerable share in gluten free snacks and is expected grow at highest CAGR. The rise in the number of health-conscious and fitness enthusiasts' people in the U.S. is a factor affecting the market growth for gluten free products. Customers are choosing to consume more protein, which has resulted in a high demand for food products with a high protein and low carbohydrate content. As a result, producers concentrate on developing gluten free products like pasta, baked goods, and others to satisfy consumers' increasing demand for protein. A rise in the number of Celiac disease cases and gluten intolerance cases in the United States is likely to increase demand for gluten free foods, including snacks. For instance, the Celiac Disease Foundation estimates that three million Americans will be affected by the disease by 2022. The undiagnosed 60-70% of Americans who have celiac disease are suffering needlessly.
The major players operating in the market are Freedom Foods Group Limited, General Mills, Inc., Kellogg Company, Koninklijke Wessanen N.V, Mondelez International Inc, ConAgra Foods Inc, Quinoa Corporation, The Hain Celestial Group, Inc, The Kraft Heinz Company, and Valeo Foods Group Ltd.
Key Benefits For Stakeholders
By Product Type
By Distribution Channel
By Generation
By Region