PUBLISHER: SkyQuest | PRODUCT CODE: 1345230
PUBLISHER: SkyQuest | PRODUCT CODE: 1345230
Global gluten-free bakery market size was valued at around USD 1.64 billion in 2021 and is expected to rise from USD 1.82 billion in 2022 to reach a value of USD 4.15 billion by 2030, at a CAGR of 10.8% over the forecast period (2022-2030).
The rapid expansion of the gluten-free bakery market can be attributed to the surging awareness surrounding gluten intolerance and celiac disease. This escalating consciousness has led more individuals to actively seek gluten-free alternatives, whether due to health requirements or lifestyle preferences. This has resulted in the proliferation of gluten-free bakery items like cakes, cookies, bread, pastries, and muffins, extending beyond specialized outlets to mainstream consumer spaces. This market's growth is further propelled by the increasing demand for products adhering to organic, non-GMO, and clean-label standards. Notable industry players such as General Mills, Schar, Kellogg's, and Hain Celestial, alongside independent bakeries, are responding to this trend by offering a diverse array of gluten-free products, seizing the opportunities for both innovation and distinctive brand positioning within this dynamic and swiftly expanding sector.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Gluten-Free Bakery Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Gluten-Free Bakery Market Segmental Analysis
The global gluten-free bakery market is segmented on the basis of product, distribution channel, and region. In terms of product, the market is segmented into biscuits & cookies, bread, and cakes. Based on classification by distribution channel, the market is grouped into online, supermarkets & hypermarkets. Region wise, the market is widespread into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Driver:
Gluten intolerance and celiac disease are prevalent autoimmune disorders impacting a significant global population. People afflicted with these conditions encounter adverse physical reactions when consuming gluten, a protein commonly present in wheat, barley, and rye. When individuals with gluten intolerance or celiac disease ingest gluten, it triggers an immune response that damages the lining of the small intestine and impairs nutrient absorption. As a result, affected individuals must adhere to a strict gluten-free diet to avoid symptoms and maintain their overall health and well-being. Awareness about these conditions and the importance of gluten-free alternatives has grown in recent years, leading to more food options catering to those with gluten-related sensitivities.
Restraint:
Utilizing gluten-free ingredients and production processes in baked goods often incurs higher costs compared to traditional methods, leading to increased prices for consumers. Unfortunately, this price disparity can make gluten-free bakery items inaccessible to certain individuals who find it challenging to afford or are unwilling to pay the premium. Moreover, consumers without diagnosed gluten intolerance or celiac disease may perceive the higher cost as unwarranted, dissuading them from choosing gluten-free options. As a result, there is a need to strike a balance between offering accessible gluten-free alternatives and educating consumers about the value and benefits of such products for those with specific dietary requirements.
Key Market Trends:
The gluten-free bakery market is experiencing significant growth primarily due to the surging demand for gluten-free products. This increasing demand can be attributed to two main factors: the rising number of individuals diagnosed with gluten intolerance or celiac disease, and the growing interest in gluten-free diets for health and wellness reasons. Firstly, a considerable number of consumers have been diagnosed with gluten intolerance or celiac disease, necessitating the adoption of a strict gluten-free diet to manage their condition effectively. As awareness about these health conditions increases, more people are seeking suitable alternatives in the form of gluten-free bakery items. Secondly, a broader segment of health-conscious consumers is choosing to follow gluten-free diets to enhance their overall well-being and address various health concerns. These individuals perceive gluten-free products as healthier and potentially beneficial for digestive health, weight management, and overall vitality.
As a result of these trends, the gluten-free bakery market has witnessed a surge in demand, prompting bakeries and food manufacturers to expand their product offerings to cater to the diverse preferences of consumers. Furthermore, ongoing research and development in gluten-free ingredients and technologies have led to improved taste and texture of gluten-free bakery items, making them more appealing to a wider audience. In conclusion, the increasing demand for gluten-free products driven by both diagnosed health conditions and a growing interest in healthier diets is a key factor propelling the growth of the gluten-free bakery market. As this trend continues, the market is expected to further expand, providing consumers with a broader range of delicious and accessible gluten-free bakery options.