SAN FRANCISCO — Grand View Research released a new report detailing the global gluten-free products market’s expected valuation to reach $13.7 billion by 2030, expanding at a CAGR of 9.8% over the next eight years.
The rising prevalence of lifestyle-related diseases and gluten sensitivities have been driving demand in this product sector. Many food manufacturers and marketers are also linking gluten-free products to other rising trends, bringing buzzwords like clean label and plant-based together to gain traction.
High demand for gluten-free bread makes the bakery segment projected to realize the fastest growth over the forecast period. Online channels are also expected to have a rapid growth rate as more and more consumers transition to online shopping.
The report states that the US is one of the top countries for gluten-free product consumption due to the number of people suffering from Celiac disease and those who experience similar symptoms from other food sensitivities. A gluten-free diet is also popular among consumers with no medical need for it, predominantly driven by a consumer perception that it can help manage weight and other health benefits, although some institutions say there is no evidence for the scientific accuracy of these perceptions (or that the weight loss caused by going gluten-free is often from other factors).
The bakery segment held the largestgluten-free revenue share in 2021 and is predicted to retain its dominant status over the forecast period. Gluten-free foods often have a lower GI and earning the dollar of health-focused consumers.
View more details of the report on the Grand View Research website.
