Its interesting to see that meatless, gluten free and vegan delicacies are a part of the Fourth of July barbecues this year. In the US, the trends are showing that increasingly people are opting for gluten-free food options. The number of people buying such products has significantly grown across the world which points to a specific reason that people are actively looking for healthier alternatives to greasy and high calories food items.
According to a study by market intelligence firm, Research On Global Markets the global gluten-free food market is expected to “expand at a compound annual growth rate (CAGR) of 7.6% during the 2018-2023 period, to reach a value of USD 6.47 Bn by 2023, up from USD 4.48 Bn in 2018.” Consuming gluten laced products has become a cause of concern worldwide due to the increased incidences of celiac disease reported in parts of the world coupled with gluten related allergies. Nearly 2% of the global population is vulnerable to Celiac disease which may further lead to digestive troubles as well as anaemia. Given these serious health hazards associated with consuming non-gluten free foods, the growth of gluten-free food is likely to be on the rise.
Amongst the various product types that are available in the global gluten free food market are, bakery products, dairy products, meat and substiutes, condiments, spices, pasta and spreads etc are readily found in the shopping malls. The most popular gluten-free product type however is bakery products commanding a market share of nearly 29% in 2018 which also happens to be the highest in all product types that largely get distributed through conventional retailers like grocery stores, mass merchandisers and club store predominantly.
The gluten-free food phenomenon seems to be catching up really fast especially in the European sub-continent. This is owing to the high level of awareness and consciousness among general public about the health hazards related to the consumption of non-gluten-free food. This rising awareness level is also catching up with neighbouring regions like North America and Latin America, and sooner than we know, the global gluten-free food markets will capture the world.
For more information, download global gluten free food market: https://www.researchonglobalmarkets.com/global-gluten-free-food-market-2018-2023.html
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