Global Gluten-free Bakery Market 2017-2021
About Gluten-free Bakery
Gluten is a type of protein found in grains such as wheat, rye, barley, and others. The consumption of gluten might irritate the lining of the small intestine leading to a weaker immune system in certain people with the pre-existing auto-immune condition. The long-term consumption of gluten foods leads to the destruction of villi in intestines. Owing to the increasing awareness about the effect of gluten on the body, consumers across various countries are adopting a gluten-free diet. Considering this tendency among consumers, manufacturers are introducing a wide variety of gluten-free food products in the market. Most gluten-free bakery products are consumed as a part of meals.
Technavio’s analysts forecast the global gluten-free bakery market to grow at a CAGR of 10.39% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global gluten-free bakery market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Gluten-free Bakery Market 2017-2021
Technavio recognizes the following companies as the key players in the global gluten-free bakery market: Pinnacle Foods, Dr. Schär, Hain Celestial, and General Mills.
Other Prominent Vendors in the market are: Aleias Gluten Free Foods, Blue Diamond Growers, Bob's Red Mill Natural Foods, Doves Farm, Ener-G Foods, Enjoy Life, Foods, Genius Foods, Kellogg, and Warburtons.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Continuous product innovations. To tap the rising demand for gluten-free bakery products, manufacturers are increasingly looking to innovate in the gluten-free bakery category. The rising incidences of gluten intolerance and health consciousness among consumers are the key motivating factors for manufacturers to come up with newer products. As consumers are becoming keener in their diets, there is a decline in the consumption of foods containing gluten such as bread, pastries, and others. The increasing awareness of food allergies and gluten intolerance are also influencing the decline of gluten food products.”
According to the report, one of the major drivers for this market is Rise in the number of people with gluten intolerances and allergies. The incidences of health conditions such as celiac disease, gluten intolerance, and food allergies are on the rise. Factors such as environmental changes, decrease in the level of good microbes, and consumption of antibiotics are causing intolerance and allergies. These conditions are often left undiagnosed. This has led to the lack of awareness regarding different food intolerances and allergies by consumers. The increased consumption of wheat and gluten foods tends to cause the weakening of the intestinal lining.
Further, the report states that one of the major factors hindering the growth of this market is High prices of gluten free bakery products. The global gluten-free bakery market is negatively affected by the high pricing of gluten-free bakery items. To tap into the gluten-intolerant consumer segment, the gluten-free bakery goods manufacturers are offering different gluten-free variants at competitive prices. The steep pricing of gluten-free bakery products is due to the high production cost and the cost of high-quality raw materials such as refined flour, oat, and barley used in the making. Hence, the prices of gluten-free bakery products are about four times that of the regular bakery products.
Pinnacle Foods, Dr. Schär, Hain Celestial, General Mills, Aleias Gluten Free Foods, Blue Diamond Growers, Bob's Red Mill Natural Foods, Doves Farm, Ener-G Foods, Enjoy Life, Foods, Genius Foods, Kellogg, and Warburtons.