“In 2019, bakery emerged as the largest and the fastest growing product segment in the gluten-free products market,” Grand View Research said. “The segment is expected to witness the fastest CAGR of 10.4% over the forecast period.”
Fueling this growth in gluten-free is an increased focus on health and wellness as well as convenience, Grand View said.
“Rising awareness regarding healthy diet including natural, organic and gluten-free foods is expected to drive the segment growth,” the company said. “In addition, factors such as the presence of a diverse product portfolio with continuous innovations are anticipated to have a positive impact on the growth in the forthcoming years. The demand is estimated to witness substantial growth with the increasing number of gluten intolerant and celiac consumers. In addition, the health concerns caused by unhealthy lifestyles are instrumental in driving the demand.
“Availability of a wide range of products at affordable prices coupled with the convenience of ready-to-eat foods is expected to have a positive impact on the growth of the gluten-free baked foods segment. In addition, rising awareness regarding the health benefits of baked foods together with rapid urbanization are likely to drive the growth. The exponential rise in population coupled with reduced time for home cooked meals aid the demand in the near future.”