New York—The global gluten-free food market is projected to expand at a compound annual growth rate (CAGR) of 7.6% during the 2018-2023 period, and will generate a revenue of US$6.47 billion by 2023, according to a press release from Research on Global Markets (RGM).
The “Global Gluten-Free Food Market (2018-2023),” published by RGM, provides insights into the factors driving the growth of the market, as well as the factors restricting it, according to the release. The market is segmented based on product type and distribution channel.
The release says the most common distribution channels for these products are conventional stores, specialty stores, and drug stores. Conventional stores hold a market share of 83%, due to their ease of accessibility.
In terms of geography, the release says, North America dominated the global gluten-free market with a share of 53% in 2018, thanks to the rising number of patients with celiac disease. Europe is expected to expand at the highest CAGR—10.3%—during the forecast period.
Key highlights of the report, according to the press release, include:
- A comprehensive overview of the historical, current, and predicted market size, revenue, and market attractiveness analysis
- Overview of the competitive landscape and analysis of some of the key players in the industry
- Market segmentation and analysis based on product type—bakery items, dairy food, meat, desserts, etc.—and on distribution channel
- Regional market analysis
A sample of the report can be requested here.