There Are Still Innovation Opportunities for Gluten-free Products: Research
Gluten-free product category will continue to grow in the near term, especially as FDA regulations make it easier for consumers to purchase gluten-free products and trust the manufacturers who make them, according to Future Market Insights (FMI).
“Despite strong growth over the last few years, there is still innovation opportunity, especially in food segments that typically contain gluten. There is a significant boom in the market”, says the analysts from FMI.
The largest demand for these products is estimated to come from countries such as U.K., Italy, U.S., Spain, Germany, Australia, Brazil, Canada, and India. The market is estimated to illustrate the growth potential in both, the developed and developing regions. U.S. is one of the largest markets for gluten-free products.
The market is projected to grow at a moderate CAGR from 2015 to 2025. North America is estimated to be largest market, followed by Europe and Asia-Pacific in 2014. North America is projected as the fastest-growing market, followed by Europe and Rest of the World.
Asia Pacific region especially countries like China and India are showing the most promising growth in all the regions.
Major players in the gluten-free industry are:
– Boulder Brands,
– Inc. Dr. Schär AG/SPA,
– Enjoy Life Natural Brands, Llc,
– General Mills, Inc.,
– H.J. Heinz Company,
– Hero Group AG,
– Kelkin Ltd,
– Quinoa Corporation,
– Raisio PLC.