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
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.
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Get Valuable Insights into Gluten-free Bakery Premix Market
Future Market Insights, in its new report, presents an unbiased analysis of the global catechin market, covering historical demand data and forecast figures for the period between 2019 and 2029. The study divulges actionable insights into growth witnessed in the market. In terms of product, bread, cakes, pizza bases, muffin, hamburgers and others are key segments in the market. In terms of applications, the market is categorized into bakeries, confectionary shops, restaurants, and households. Regionally, the market covers North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa.