Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Global Gluten Free Packaged Food Market Overview
Gluten is a protein found in wheat, rye, barley and other related derivatives. It is found that large fraction of population has gluten protein intolerance or allergy, this pool of patient comes under celiac disease. Celiac disease is an inherited autoimmune disorder that affects the digestive process of the small intestine. When the person suffering with celiac disease consumes gluten, his immune system responds by attacking the small intestine and inhibiting the absorption of important nutrients into the body.
Market size and forecast
The global gluten free packaged food market stood at USD 4.5 billion in 2015, the market is anticipated to reach USD 8.1 billion by the end of 2023 witnessing a strong compound annual growth rate of 10.1% over the forecast period i.e. 2016-2023
Geographically, Europe is anticipated to show a substantial growth in the coming future owing to increasing problem of obesity in the region. Rising awareness about the limit of gluten intake is majorly propelling the market growth in European region.
Bakery product segment accounted the largest market share in 2015, closely followed by cereals and snacks segment. These two product segment are mainly consumed by gluten intolerant consumers. Bakery segment is anticipated to maintain its dominance over the forecast period. CLICK TO DOWNLOAD FREE SAMPLE REPORT
Celiac disease can lead to the development of other autoimmune disorders, as well as osteoporosis, infertility, neurological conditions and in rare cases, cancer. Various government reforms have been made such as label on product in United States to increase the awareness about gluten free diet. There are more than 2,000 gluten free food items available in the United States, and consumers are more likely to find these foods in regular grocery stores. The rising awareness of obesity, celiac diseases and diabetes along with the increasing consumer awareness towards the limited intake of gluten protein in their diet is majorly driving the gluten free packaged food market across the world.
Market Segmentation
Our in-depth analysis segmented the global veterinary drug market in the following segments:
By Product
Deep dive analysis has been carried out on following product segment:-
By Source
By Region
Global gluten free packaged food market is further classified on the basis of region as follows:
Growth Drivers and challenges
Increasing pool of celiac disease patient for whom a strict gluten-free diet is the only treatment for managing the disease and reducing the risk of other complications. In average 1 person in every 133 healthy persons is suffering from celiac diseases. This will further increase the demand of gluten free packaged food in upcoming 5-6 years.
Increasing obesity problem across the globe has accelerated the need of gluten free packaged food. Obesity is increasing at an alarming rate throughout the world, today it is estimated that there are more than 300 million obese people worldwide. The increasing problem obesity is anticipated to be a major growth driver for gluten free packaged food market over the forecast period i.e. 2016-2023.
Introduction of new products in the market is attracting the consumer attraction. Various new products have been launched by market key players in bakery and cereals & snacks segment. These newly launched products will up-thrust the sale of gluten-free packaged food across the globe.
Lack of awareness about gluten free food in regions such as Asia-Pacific and Latin America coupled with less appreciation of taste is considered to be major factor restraining market growth.
Key Players
The key vendors of gluten free packaged food market are as follows:
Scope and Context
Overview of the Parent Market
Analyst View
Segmentation
The Global Gluten free packaged food Market is segmented as follows:
By Regions
Market Dynamics
Supply and Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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