Seoul, South Korea, July 18, 2022 (GLOBE NEWSWIRE) -- Fact.MR, a market research and competitive intelligence provider – is saying that the global gluten-free bread market would reach US$ 616.3 Million in 2022 and have a robust CAGR of 9.3% between 2022 and 2032. Fact.MR states that demand for products like buckwheat bread, millet bread, wheat-free bread, gluten-free brioche, low-carb gluten-free bread, and gluten-free rye bread is expected to put the gluten-free bread market on the top pedestal in the forecast period. Along these lines, the global Gluten-free bread market is projected to reach US$ 1.5 Billion by the year 2032.
The current scenario is such that lifestyles and eating habits is undergoing drastic alteration. Also, increasing benevolence regarding intolerance to gluten is another factor driving the gluten-free bread market.
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Celiac disease is a condition that damages the inner lining of the small intestine and prevents the absorption of nutrients which could lead to other health complications such as cancer and osteoporosis.
The incidence of this disease has substantially increased in the American and European regions and is expected to drive sales of gluten-free foods as they have shown improvements in symptoms of celiac disease.
Which Sales Channel Leads Gluten-Free Bread Market Revenue Generation?
“Gluten-Free Bread Sales through Offline Channels Driving Market Potential”
Based on sales channel, the gluten-free bread market is segmented into online and offline.
The offline sales channel segment is anticipated to maintain a dominant outlook across the forecast period owing to the high availability of a variety of products in supermarkets and hypermarkets. Availability of a wide array of products in offline sales establishments drive growth in this segment.
Moreover, discount offers offered by these establishments provide incentives to customers to purchase from these channels, and are driving overall gluten-free bread market growth.
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Key Segments Covered in Gluten-Free Bread Industry Survey
- Gluten-Free Bread Market by Product Type :
- Vegan Gluten-Free Bread
- Kosher Gluten-Free Bread
- Keto Gluten-Free Bread
- Multigrain Gluten-Free Bread
- Other Product Types
- Vegan Gluten-Free Bread
- Gluten-Free Bread Market by Sales Channel :
- Online Sales of Gluten-Free Bread
- Offline Sales of Gluten-Free Bread
- Supermarkets/Hypermarkets
- Specialty Stores
- Convenience Stores
- Other Sales Channels
- Online Sales of Gluten-Free Bread
- Gluten-Free Bread Market by Region :
- North America
- Latin America
- Europe
- APAC
- MEA
- North America
Competitive Landscape
The key participants are into mergers, acquisitions, thereby rendering flexibility to their own selves with regards to assimilation of diversity.
- Katjes Greenfood, in June 2022, did announce acquiring Genius Foods to spread its wings all across the UK, US, Germany, and Australia.
- Outside the Breadbox, a gluten-free bakery based out of Colorado, in April 2020, did launch a new-fangled e-Commerce platform for meeting the ever-increasing demand for the “gluten-free bakery products”.
- Northumbrian Fine Foods, in October 2019, came up with a new series of twin pack cookies under the brand name “Prewett’s”. The foodservice sector is the targeted market.
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Key players in Gluten-Free Bread Market
- Hain Celestial Group Inc.
- Raisio Plc
- Doves Farm
- Kraft Heinz Company
- Honeybuns
- Dr. Schar
- Golden West Specialty Foods
- Pamela’s Products
- General Mills
Key Takeaways from Gluten-Free Bread Market Study
- North America holds close to 39% of the market share.
- Europe contributes for 24.3% of the overall revenue.
- Rising incidences of Celiac disease are expected to help the gluten-free bread market scale new heights.
- Artisanal baking is expected to be the trend in the near future.
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Expert analysis, actionable insights, and strategic recommendations of the highly seasoned Food & Beverages team at Fact.MR helps clients from across the globe with their unique business intelligence needs.
With a repertoire of over a thousand reports and 1 million-plus data points, the team has analysed the Food & Beverages division across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.
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