The global Gluten-free Bakery Premix market is expected to reach US$ 486.1 Mn by the end of 2029. According to a study by Future Market Insights (FMI), the market will display a steady rise at 5.3% CAGR between 2019 and 2029. According to the report, the rising prevalence of ailments such as celiac disease will bolster growth in the market. The report provides a detailed overview of the market including key growth drivers, restraints, opportunities, and prevalent trends. It makes use of unique research methodologies to offer a highly accurate analysis of the market.
In terms of end use applications, bakeries are projected to hold a market share of more than 72%, which can be attributed to higher sales, particularly in North America and Europe. The segment is also projected to grow faster owing to the presence of major bakery product manufacturers in these regions. A strong surge of tourism, particularly in the Asia Pacific is anticipated to bolster consumption of bakery products, which in turn will increase the demand for Gluten-free Bakery Premix.
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It includes in-depth insights into the Gluten-free Bakery Premix market. Some of these are:
- The estimated market value was at US$ 290 Mn in 2019. Through the forecast period, the market is estimated to display a steady rate of growth.
- Europe has emerged as the leader in the global Gluten-free Bakery Premix market.
- The rising prevalence of celiac disease, particularly in the United States is a key driver in North America.
- Consumer perception of gluten free foods as healthier options are driving the demand for gluten free products.
- China and India are projected to display a substantial rise in the bakery industry bolstering the growth of the Gluten-free Bakery Premix industry in the Asia Pacific.
“The rising incidences of lifestyle diseases particularly in North America and Europe is bolstering demand. In addition, the government of the United States has taken up a number of initiatives such as awareness campaigns and research and development initiatives to increase the adoption of gluten free diets and reduce the risk of celiac disease in the region,” said a lead analyst at FMI
Gluten-free Bakery Premix Market
Lifestyle Health Issues Drive Adoption
Celiac disease is increasingly being viewed as a major autoimmune ailment, which can harm the small intestine. In the United States, 1 person in every 133 have been found to have this disease, making food habits and diet changes important. Gluten-free bakery premixes are considered a healthy option and the growing levels of health consciousness among consumers is expected to drive up demand.
Rise in International Tourism Generates Opportunities for Manufacturers
People around the world are increasingly becoming conscious of factors affecting their health. The rising incidences of celiac disease, and lifestyle ailments such as obesity are key drivers of changes in consumer preferences. In addition, increased international travel and tourism particularly to the Asia Pacific is expected to bolster the consumption of breads and related food products, which in turn is anticipated to fuel the demand for Gluten-free Bakery Premix in the forecast period.
Market Segmentation
The global Gluten-free Bakery Premix market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Product Type
- Bread
- Cakes
- Pizza Bases
- Muffin
- Hamburgers
- Other Product Types
Application
- Bakeries
- Confectionery Shops
- Restaurants
- Household
Distribution Channel
- Direct Sales
- Indirect Sales
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FREQUENTLY ASKED QUESTIONS ABOUT GLUTEN-FREE BAKERY PREMIX MARKET
What drives the Gluten-free Bakery Premix market?
Application of Gluten-free Bakery Premix in minimizing the risk of celiac disease and rising health awareness among consumers drive the Gluten-free Bakery Premix market. The rising consumption of bread and protein nutrition plays a central role in mass-adoption of Gluten-free Bakery Premix.
What is the expect market valuation by the end of 2029?
The global Gluten-free Bakery Premix market is expected to cross US$ 486 Mn in market value by the end of forecast period (2029).
Which region will lead the global sales of Gluten-free Bakery Premix?
Europe will lead the global sales of Gluten-free Bakery Premix. Rising consumer health awareness, and information about the side effects of gluten in European countries is a major factor that drives growth in this region.
Which product segment is likely to witness highest growth?
The bread products segment will register the highest growth in the Gluten-free Bakery Premix market. This growth can be attributed to rising international travel and the demand for plant-based protein sources on a global scale.
Which segment based on application will record the highest growth?
Bakeries are expected to record the highest growth. The rising numbers of international travelers coupled with the popularity of western foods in the Asia Pacific region drive adoption in food service applications.
Which segment based on distribution channels will generate highest demand?
Supermarkets will maintain its share-wide dominance and prevail as the highest demand generator by the end of forecast period. Grocery store channels such and direct to consumer online sales will offer lucrative growth opportunities.