Seoul, South Korea, July 18. 28, 2022 (GLOBE NEWSWIRE) — Fact.MR, a market research and competitive intelligence provider, says 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 indicates that the demand for products like buckwheat bread, millet bread, wheat-free bread, gluten-free bun, low-carb gluten-free gluten-free bread and gluten-free rye bread are expected to place the gluten-free bread market on the higher pedestal during the forecast period. In this sense, the global gluten-free bread market is expected to reach US$1.5 billion by 2032.
The current scenario is such that lifestyles and eating habits are undergoing a drastic change. Moreover, the growing benevolence towards gluten intolerance is another driving factor of 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 nutrient absorption, which could lead to other health complications such as cancer and osteoporosis.
The incidence of this disease has increased significantly in the US and European regions and is expected to boost sales of gluten-free foods as they have shown improvement in celiac disease symptoms.
Which sales channel is driving the revenue generation of the Gluten-Free Bread market?
“Gluten-free bread sales through offline channels drive market potential”
Based on sales channel, the gluten-free bread market is segmented into online and offline.
The offline sales channel segment is expected to maintain a dominant outlook throughout the forecast period owing to the wide availability of a variety of products in supermarkets and hypermarkets. The availability of a wide range of products in offline retail establishments is driving the growth of this segment.
Moreover, the discount offers provided by these establishments entice customers to purchase from these channels and drive the overall growth of the gluten-free bread market.
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Key Segments Covered in gluten free bread Industry survey
- Gluten-Free Bread Market by Product Type:
- Gluten Free Vegan Bread
- Gluten Free Kosher Bread
- Gluten Free Keto Bread
- Gluten Free Multigrain Bread
- Other types of products
- Gluten-Free Bread Market by Sales Channel:
- Online sale of gluten-free bread
- Offline sales of gluten-free bread
- Specialty stores
- convenience stores
- Other sales channels
- Gluten-Free Bread Market by Region:
- North America
- Latin America
The major players are into mergers, acquisitions, thus returning flexibility to themselves with regard to the assimilation of diversity.
- Katjes Greenfood, in June 2022, announced the acquisition of Genius Foods to spread its wings in the UK, USA, Germany and Australia.
- Outside the Breadbox, a Colorado-based gluten-free bakery, launched a new e-commerce platform in April 2020 to meet the ever-growing demand for “gluten-free baked goods.”
- Northumbrian Fine Foods in October 2019 offered a new series of double-pack biscuits under the “Prewett’s” brand. The catering sector is the target market.
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The key players in gluten free bread Market
- Hain Celestial Group Inc.
- Raisio Plc
- dove farm
- Kraft Heinz Company
- Honey donuts
- Dr. Schar
- Golden West Specialty Foods
- Pamela’s products
- General Mills
Main takeaways from gluten free bread Market research
- North America holds nearly 39% of the market share.
- Europe contributes 24.3% of global turnover.
- The increasing incidence of celiac disease is expected to help the gluten-free bread market reach new heights.
- It is expected that artisan bakery will be the trend in the near future.
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