The Global Free-From Food Market is estimated to grow at a CAGR of 7.7% during the forecast period 2019-2026. As per the study, the global market was valued $95.64 billion in 2019 and is anticipated to reach $161.21 billion by the end of the year 2026.
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The food industry has been evolving in terms of demand and product innovations. Related manufacturers are majorly focusing on key innovations to cater the target consumers. The Global Free-From Food Market is driven by various growth factors such as increasing demand of gluten-free food, increasing incidences of celiac diseases, surge in disposable income and large-scale promotion of organic food due to its various benefits. However, high cost of free-from products may hinder the market growth. On the contrary, shift in consumer preference for ready-to-eat food products and increasing investments by small and medium size food production businesses would present lucrative market opportunities for the market growth.
Segmentation Overview of the Global Free-From Food Market
The Global Free-From Food Market is segmented on the basis of various market segments that include Type Segment and Distribution Channel. These major market segments are further categorised into various sub-segments to study the overall market scenario.
The Type Segment of the Global Free-From Food Market is Sub-Segmented into:
- Artificial Ingredient-free Food
The Distribution Channel Segment of the Global Free-From Food Market is Sub-Segmented into:
- Supermarket & Hypermarket
- Specialty Stores
- Online Retail Stores
Geographical Overview of the Global Free-From Food Market
On the basis of geographical segmentation, the global free-from food market was studied across North America (U.S., Canada and Mexico); Europe (Germany, UK, Russia, France and Rest of Europe); Asia Pacific (China, India, Japan, Korea and Rest of Asia Pacific); LAMEA (Brazil, Saudi Arabia and Rest of LAMEA). As per the analysis, the North America free-from food market accounted to hold the largest market share in the year 2018b by contributing more than 2/5th of the global market share. The regional dominance is due to rise in health consciousness among consumers, increase in demand for natural food products and growth in prevalence of diseases caused by synthetic ingredients. However, the LAMEA free-from food market is estimated to witness the fastest growth rate with highest CAGR of 9.9% during the forecast period 2019-2026. The regional growth is attributed to increase in demand for sugar-free foods and beverages.
As per the study, the Asia Pacific Free-From Food Market holds lucrative opportunities owing to large-scale population base in the region. The region holds nearly half of the world’s population. The APAC region witnessed a variety of food demand owing to cultural and geographical diversity. But, the region is highly witnessing trend of gluten-free, sugar-free and other free from food demands due to increasing prevalence of related diseases coupled with increasing disposable income in the region.
Key Players Insights
General Mills, Inc., Dupont, Kellogg Company, Ingredion Incorporated, Chr. Hasen A/S, Corbion Inc., Kerry Group PLC, Cargill Inc. and The Kraft Heinz Company are some major players included in the research study of the global free-from food market. The market players are adopting various market-based competitive strategies to gain majority of the market share for the long-term.
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