Gluten-free Bakery Products Market All Set for Revenue Worth US$5.8 Bn in 2026: Fairfield Market Research
Ascending Demand for Allergen-free Foods to Act as a Growth Accelerant
London, March 28, 2023 (GLOBE NEWSWIRE) -- Celiac disease or gluten intolerance is rapidly becoming an area of concern for individuals around the world. Moreover, the awareness of the many benefits associated with gluten-free diets is increasing recently. Bakery has especially been among the most profitable sectors of this industry. A comprehensive study by Fairfield Market Research intends to uncover the expected growth pattern of the global gluten-free bakery products market over the next few years in addition to reporting the most lucrative business opportunity in the same. The global gluten-free bakery products market is expected to be valued at US$5.8 Bn by 2026 end. “Between the years of forecast, 2021 and 2026, the market will possibly demonstrate over 1.7x growth in revenue,” projects the analyst.
The report also indicates greater demand for allergen-free food products such as almond flour, coconut flour, and tapioca starch in line with the soaring popularity of the gluten-free segment. Growing implementation of favorable regulations by respective governments concerning the manufacturing of products, and the continual development of new and innovative gluten-free products to cater to target markets are also expected to have a positive influence on the growth trajectory of the global gluten-free bakery products market.
Key Research Insights
Gluten-free bakery products market valuation is poised for a strong CAGR of 11.9% through 2026
The supermarkets and hypermarkets segment continues to dominate with an estimated 10.4% growth during forecast period
With an expected growth of over 13% by 2026, the biscuits and cookies segment will showcase the fastest growth
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Insights into Segmental Analysis
The global gluten-free bakery products market is segmented as follows – By Type, Nature, Sales Channel, and Region. Based on the ‘Product’ market segmentation, the ‘Biscuits & Cookies’ sub-segment is expected to account for the majority share of this market owing to the increasing penetration of gluten-free products in retail outlets, as well as these products being indispensable aspects of culinary culture. In terms of ‘Sales Channel’ market segmentation, the ‘Online Sales Channel’ sub-segment is slated to account for the majority market share. This can be attributed to the change in consumption habits, a preference for online shopping due to added convenience, increased internet penetration, and the availability of value-based discounts.
Key Report Highlights
Demand for gluten-free bakery products will climb up on the back of reduced dependence of brands on conventional bakery ingredients
Innovative, functional launches in gluten-free sector add value to market progression
The boom around organic bodes well for the organic segment of market, likely to achieve a remarkable incremental opportunity through 2026
Insights into Regional Analysis
Europe is expected to account for the majority share of the global gluten-free bakery products market over the forecast period. The significant presence of industry players in the region, a large target market, and the presence of favourable policies governing the manufacture of these products to ensure safety and quality, are some of the factors that can be highlighted for this. On the other hand, North America is expected to index the highest CAGR over the forecast period.
Key Players in the Gluten-free Bakery Products Market
Apart from Pladis Global, Conagra Inc, Rudi’s Bakery, and NAIRN'S OATCAKES LIMITED, this report will also cover other prominent players in the gluten-free bakery products market, particularly detailing their respective key strategic developments that lend a competitive edge. Some of these other major profiled companies include Barilla Group, Mondelez International, Dr. Schär AG / SPA, Associated British Foods Plc, Kinnikinnick Foods Inc., and ALDI.
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REPORT SCOPE
Report Attributes | Details | |
Base Year | 2020 |
|
Forecast Year | 2021 – 2026 | |
Market Size in 2021 | US$3.3 Bn | |
Estimated Market Size in 2026 | US$5.8 Bn | |
CAGR | 11.9% |
|
Key Players | Bob’s Red Mill, General Mills, Inc., H.J. Heinz Company, Dr. Schär, Enjoy Life Natural Brands LLC, Hain Celestial Group, Inc., Golden West Specialty Foods, Boulder Brands, Inc. | |
The Global Gluten-Free Bakery Products Market is Segmented as Below:
By Product Type Coverage
Bread
Cakes, Pastries & Muffins
Biscuits & Cookies
Others
By Nature Coverage
Conventional
Organic
By Sales Channel Coverage
Supermarket/ Hypermarket
Convenience Stores
Online
Specialty Stores
By Geographical Coverage
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Leading Companies
Pladis Global
Conagra, Inc.
Rudi’s Bakery
NAIRN'S OATCAKES LIMITED
Barilla Group
Mondelez International
Schär AG / SPA
Associated British Foods plc
Kinnikinnick Foods Inc.
ALDI
Inside This Report You Will Find:
1. Executive Summary
2. Market Overview
3. Global Gluten-Free Bakery Products Market Outlook, 2018 - 2026
4. North America Gluten-Free Bakery Products Market Outlook, 2018 - 2026
5. Europe Gluten-Free Bakery Products Market Outlook, 2018 - 2026
6. Asia Pacific Gluten-Free Bakery Products Market Outlook, 2018 - 2026
7. Latin America Gluten-Free Bakery Products Market Outlook, 2018 - 2026
8. Middle East & Africa Gluten-Free Bakery Products Market Outlook, 2018 - 2026
9. Competitive Landscape
10. Appendix
Learn More About the Report Inclusions, and Research Methodology: https://www.fairfieldmarketresearch.com/report/gluten-free-bakery-products-market/more-information
About Us
Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.
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