The purpose of the report is to illustrate the state of the market of Specialty Fats and Oils, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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The global gluten-free food market accounted for 465.7 kilo tons in 2017 growing with a CAGR of 8.1% during the forecast period from 2018 to 2026. Gluten-free products under bakery includes muffins, bagels, breads, crackers, baking mixes, rolls, buns, cookies and baking powder. In 2017, gluten-free bakery products segment dominated the global gluten-free food market by value and projected to maintain its dominance throughout the forecast period.
Gluten-free bakery products enables the consumers to have access to new products. Texture, taste and shelf life are the key considerations for gluten-free bakery formulations. Standard gluten-free products available for the ageing population along with presence of varieties of gluten-free products in the market are expected to drive the global gluten-free food market. Other factors such as rising incidents of celiac disease, diabetes coupled with growing awareness among customers to tackle these issues are important drivers of global gluten-free food market. Increasing incidents of celiac problems, gluten allergy cases, autoimmune problems coupled with health issues such as indigestion, obesity are also responsible for high demand of products without gluten. In addition to this, other important drivers of this market are increasing number of hypermarket and super market, especially in the developing regions, which increase awareness about gluten-free food among the population coupled with exponential increase of gluten-free bakeries in North America. However, restraints of gluten-free food market are less awareness in regions like Asia Pacific, where customers are unclear between the causes of ‘allergy’ and ‘intolerance’.
In terms of geography, Europe and North America are the most prominent markets mainly due to high awareness of adverse effects of gluten-rich diet. In 2017, Europe held the largest market share in the global gluten-free food market both in terms of value and volume. Strong manufacturing base followed by rapid growth of gluten-free bakery products, especially, in Italy and Germany is expected to drive the Europe gluten-free food market. This is estimated to augment the demand for gluten-free bakery products sales and therefore, drive the need for health conscious consumers in the future. Prominent retail presence, government initiatives inclined to gluten-free diet, some gluten-free sources such as corn, quinoa and sorghum for making bakery products used in U.S and Canada. North America, on the other hand is considered as the fastest growing markets owing to presence of robust manufacturing base of gluten-free products in the U.S along with increasing number of celiac patients. Europe accounted for the major share of the global gluten-free food market in 2017 and expected to show dominance in the upcoming years. Frequent product innovation offers varieties of opportunities to the gluten-free food market leaders coupled with rising celiac patients with increasing awareness for gluten-free products in the population are the factors driving growth of this market in the region.
Key market players in the global gluten-free food market include Dr. Schär AG / SPA, Freedom Foods Group Ltd., Pinnacle Foods, General Mills, Gruma, Hain Celestial Group, Amy’s Kitchen, Enjoy Life Foods, Kraft Heinz Company and Kellogg Company.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Specialty Fats and Oils buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Gluten-Free Food contains:
Analysis and forecast of Specialty Fats and Oils market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Specialty Fats and Oils market;
Assessment and forecast of Specialty Fats and Oils market development;
Financial and business profiles of the leading companies in the Specialty Fats and Oils industry.
– Up to date working Specialty Fats and Oils data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Specialty Fats and Oils for the period 2018 to 2026
– Planned Specialty Fats and Oils additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Specialty Fats and Oils projects by region, key countries, and companies
– Details of major planned Specialty Fats and Oils projects in the world up to 2026
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