Gluten Free Food Market is Projected to Reach US$4.89 Billion by 2021, Growing at a CAGR of 7.7% From 2015 to 2021: Transparency Market Research

ALBANY, New York, October 23, 2015 /PRNewswire/ --

Transparency Market Research has published a new market report titled "Gluten Free Food Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2015 - 2021." According to the report, the global gluten free food market was valued at US$2.84 billion in 2014 and is projected to reach US$4.89 billion by 2021, growing at a CAGR of 7.7% from 2015 to 2021. In terms of volume, the global gluten free food market was valued at 277.2 ('000) metric tons in 2014 and is expected to reach 423.0 ('000) metric tons by 2021, expanding at a CAGR of 6.1 % over the forecast period.

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Among all other regions, in terms of volume and revenue, Europe is the largest regional market globally. Discomfort related to gluten rich diet and growing awareness of gluten intolerance is mainly driving the gluten free pasta market in Germany. Consumers in France perceive that obesity is a symptom of gluten intolerance which in turn has propelled the idea among consumers that gluten free diet could help to reduce weight. Thus, growing number of health conscious young consumers in France have started following gluten free diet which in turn is driving France gluten free food market.

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The Europe gluten free food market in terms of revenue and volume is estimated to grow at a CAGR of 5.5% and 5.0% respectively during the forecast period from 2015 to 2021. In 2014, North America is the fastest growing market for gluten free food in terms of revenue and volume. The U.S. is the fastest growing country in North America region. The gluten free food market in the U.S. is mainly driven by growing number of celiac disease patients and positive consumer reaction to gluten free diet.

The major factors driving the gluten free food market are growing consumer awareness about health benefits of gluten free food and weight management and growing demand for innovative gluten free bakery products.

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Among the different product types, gluten free bakery products held the largest market share by both value and volume in 2014 and is expected to maintain the leading position throughout the forecast period. Gluten free bakery products market is mainly driven by increase in consumption of gluten free biscuits worldwide. In addition, increasing awareness about gluten free bakery products enables manufacturers to shift focus from the specialty diabetic sector and invest in gluten free bakery products.

Major players operating in the gluten free food market include Boulder Brands Inc., Mrs Crimble's, Enjoy Life Foods LLC, Hain Celestial Group Inc, Dr Schar AG/SpA, Genius Foods Ltd, Freedom Foods Group Ltd and Ener-G Foods Inc among others.

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The Global Gluten Free Food Market has been segmented as follows: 

Global Gluten Free Food Market by Product Type 

Product types covered under this research study are: 

• Gluten free bakery products
• Gluten free baby food
• Gluten free pasta
• Gluten free ready meals

Global Gluten Free Food Market by Geography 

North America 

• U.S
• Canada

Europe 

• Germany
• Italy
• France
• Rest of Europe

Asia Pacific 

• Australia
• Rest of Asia Pacific
• Middle East and Africa

Latin America 

Other Reports by Transparency Market Research: 

• Frozen Bakery Additives Market: http://www.transparencymarketresearch.com/frozen-bakery-additives-market.html

• Nutraceuticals Market: http://www.transparencymarketresearch.com/global-nutraceuticals-product-market.html

• Alcohol Market: http://www.transparencymarketresearch.com/alcohol-market.html

• Chocolate Market: http://www.transparencymarketresearch.com/chocolate-market.html

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