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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The rising awareness of the side effects of gluten consumption such as celiac disease is driving demand in these regions, which in turn is expected to have a favorable impact during the forecast period. In the Asia Pacific region, the rising demand for western foods such as burgers, pizzas, and sandwiches are projected to increase the demand for Gluten-free Bakery Premix.
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.
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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Market Segmentation
The global Gluten-free Bakery Premix market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Product Type
- Bread
- Cakes
- Pizza Bases
- Muffin
- Hamburgers
- Other Product Types
Application
- Bakeries
- Confectionery Shops
- Restaurants
- Household
Distribution Channel
- Direct Sales
- Indirect Sales
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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