GLOBAL GLUTEN-FREE SECTOR TO HIT $6.2B BY 2018
Published in Food Product Design May 17, 2013
DALLAS—The global gluten-free product market is projected to reach $6.2 billion by 2018, representing a CAGR of 10.2%, according to a new report from MarketsandMarkets. North America is the largest market for gluten-free products, and Europe is expected to show significant growth in the market in the near future.
According to the report, gluten-free bakery and confectionery products account for 46% of total gluten-free products volume share, followed by gluten-free snacks at 20%.
The current trend of consuming free from products has added to the demand for gluten-free products. Digestive health reasons, weight management, and nutritional values are some of the other reasons that have been driving the gluten-free product market. Major demand in the gluten-free product market is anticipated to come from countries, including the United Kingdom, Italy, United States, Spain, Germany, Australia, Brazil, Canada and India. The growth is also attributed to increasing new product launches with additional nutrition, ingredients or flavor of gluten-free products in the market.
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