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The Global Gluten Free Snacks Market Size is valued at USD 1,016.14 million in 2023 and is predicted to reach USD 2123.65 million by the year 2031 at an 9.82% CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
- Key market players are taking major steps to increase their market presence in developing countries, including increased investment in research and development and continued mergers and acquisitions.
- The market for gluten-free products is driven by the increasing prevalence of celiac disease, the growing population, and the shift towards healthier diets.
- North America has traditionally been an important market for gluten-free products, including snacks. Increased consumer awareness of gluten-related issues in this region has led to increased adoption of gluten-free diets.
- Gluten-free ingredients can be more expensive than gluten-containing ingredients. These cost factors could make gluten-free snacks more expensive for both manufacturers and consumers, potentially limiting market growth, especially in price-sensitive markets.
The gluten free snacks industry is expanding primarily due to rising cases of gluten intolerance and other food sensitivities, the medicinal value of gluten-free snacks, a rise in millennial demand, and an increase in the prevalence of inflammatory bowel disease (IBS). Potential prospects exist for market participants due to rising food intolerance consciousness and the use of microencapsulation technology to lengthen the shelf life of gluten-free snacks. The gluten free snacks market expansion would benefit from growing R&D activity and enhanced modernization of newly released goods.
Nevertheless, there is a big market opportunity due to greater player partnerships and growing brand awareness. The demand for diet regimens and weight-management programs incorporating grain-free food options is also high. Additionally, businesses use online retail systems due to the booming e-commerce sector to provide customers with a wide variety of products. They are designing eye-catching, environmentally friendly packaging with clear labeling to grab consumers' attention, which is anticipated to have a favorable market impact.
Consumers are increasingly choosing gluten-free, ready-to-eat meals, pasta, and baby food items due to their hectic lifestyles and busy schedules. The global gluten free snacks market demand will rise as people worldwide become more aware of their gluten intolerance and their increased health consciousness.
Furthermore, gluten free snacks market growth is due to the rise in celiac disease cases and sensitivities associated with gluten. The millennial generation's growing preference for convenience diets may open up fresh growth prospects for the international market. However, the global market may be slowed down by high production costs and the accessibility of substitute food goods like functional foods and dietary supplements.
Recent Developments:
- In July 2021, The gluten-free frozen snack and appetizer firm Feel Good Foods manufactured a square pan pizza that is devoid of gluten.
- In September 2021, Rudi introduced 15 novel goods in the organic and gluten-free categories, utilizing an innovative fermenting technique and revamped packaging that incorporated bread.
Competitive Landscape:
Some of the gluten free snacks market players are:
- Alara Wholefoods Ltd. (U.K.)
- Barilla G. e R. Fratelli S.p.A (Italy)
- Chosen Foods LLC (U.S.)
- ConAgra Foods Inc
- Dr. Schär AG/SPA (Italy)
- Enjoy Life Foods (U.S.)
- FARMO S.p.A. (Italy)
- Freedom Foods Group Limited
- General Mills, Inc.
- Genius Foods (U.K.)
- Hero Group (Switzerland)
- Katz Gluten Free (U.S.)
- Kellogg Company
- Koninklijke Wessanen N.V
- London Food Corporation Limited (U.K.)
- Mikey’s LLC (U.S.)
- Mondelez International Inc
- Quinoa Corporation
- Rachel Pauls Food (U.S.)
- Raisio plc (Finland)
- Silly Yaks (Australia)
- The Hain Celestial Group, Inc
- The Kraft Heinz Company
- Valeo Foods Group Ltd
- Warburtons Limited (U.K.)
Market Segmentation:
The gluten-free snacks market is segmented on the basis of product type, distributional channel and generation. Based on product type, the gluten-free snacks market is segmented as nutrition bars, candy bars, salty snacks, nuts and others. By distribution channel, the gluten-free snacks market is segmented into convenience stores, supermarket and hypermarket, specialty stores, drugstores and pharmacies, e commerce and others. By generation, the market is segmented into millennials, generation X and baby boomers.
Based On Product Type, The Salty Snacks Segment Is A Major Contributor To The Gluten-Free Snacks Market
The salty snacks category is expected to hold a major share of the global gluten-free snacks market. The market for salty snacks is driven by the rise in the consumption of quick-to-eat foods and the widespread accessibility of such goods worldwide. The fact that the ingredients used to manufacture these goods are both gluten-free and nutritious, which is consistent with the trend towards eating healthy food, increases the appeal of gluten-free snacks on the international market.
The Supermarket & Hypermarkets Segment Witnessed Growth At A Rapid Rate
The supermarket & hypermarkets segment is projected to grow rapidly in the global Gluten-free snacks market. This is because it offers convenient access to various things under one roof. Customers can choose products from a wide variety of availability as a result. Since there are more seasonal displays now, including gluten-free goods, more new goods are being promoted, growing the segment. Managing a single sizable client base is simpler in supermarkets than managing many independent, smaller customers. Supermarkets and hypermarkets generate substantial sales since they have access to a sizable consumer base. A bigger sales volume is also made possible by increasing brand recognition for products with nationwide distribution.
The North America Gluten-Free Snacks Market Holds A Significant Regional Revenue Share
The North America gluten-free snacks market is expected to register the highest market share in revenue soon. The high proportion of this region is largely related to the increase in shopper health and wellness, the development in the number of celiac disease cases, the prevalence of wheat intolerance, the widespread accessibility of gluten-free items in nearly all grocery shops, the rise in demand for gluten-free bakery products, the strengthening of distribution networks, and the increase in marketing activities. Additionally, the region is anticipated to develop quickly, attributed to the increasing demand for prepared meals and frozen gluten-free foods.
In addition, Asia Pacific is projected to grow rapidly in the global gluten-free snacks market. Due to the rising popularity of healthy diet items and the innovative marketing techniques used by top suppliers to gain a sizable market share, this region has the potential to develop. The expansion of health and fitness tourism, which directly encourages the adoption of better diets, is another new trend in the Asia-Pacific region. More people are traveling to improve their quality of life. Recent research from the Global Wellness Institute shows that Asia Pacific has the fastest growth in terms of spa visits, tourism spending, and the overall number of spas. For instance, Vietnam is the most well-known location in Asia for these meals, while Bali has gained a reputation for contemporary gluten-free dishes.
Gluten Free Snacks Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2023 |
USD 1,016.14 Mn |
|
Revenue forecast in 2031 |
USD 2123.65 Mn |
|
Growth rate CAGR |
CAGR of 9.82% from 2024 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Million, and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
|
Segments covered |
Product Type, Distributional Channel And Generation |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
The Kraft Heinz Company, Kellogg’s Company, General Mills,The Hain Celestial Group Inc, ConAgra Brands Inc, Hero A, Barilla G.E.R Fratelli S.P., Freedom Foods Group Limited, Raisio P, Enjoy Life Foods and Others |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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