Gluten-free flours Market Outlook of Top Companies Forecast to 2032
Gluten-free
products have gained traction due to people suffering from gluten sensitivity
and celiac disease. People with celiac disease can damage their small intestine
as well as face trouble with digestion of foods. For instance, gluten-free
flour has gained support from the pizza industry in order to retain a
significant share of the consumer base. The global gluten-free flours market
report contains the list of flours suitable for consumption as well as their
demand according to type, category, distribution channel, and region.
Market Outlook
The global gluten-free
flours market outlook is projected to touch a large mark by exhibiting 8.20%
CAGR from 2023 to 2032 (forecast period). Rising consumption of gluten-free
products and health-consciousness among consumers are expected to drive the
market growth. Direct-to-consumer delivery combined with traditional and social
media coverage of gluten-free products can bode well for the market. The move
by various manufacturers for producing foods with less amount of saturated fat
and clean labeling solutions can expand the growth avenues for the market.
High prevalence
of obesity, diabetes, and consciousness of excess body weight are other factors
of the market. Launch of cake mixes for the mainstream audience looking forward
for allergen-friendly products can augur favorably for the gluten-free flours
market. For instance, Krusteaz line of baking mixes by Continental Mills uses a
blend of sorghum and rice flour in its cooking mixes. Consumption of
gluten-free flours by the geriatric populace is likely to positively impact
market growth.
But low
awareness levels and high cost compared to its wheat counterpart can pose a
challenge to the gluten-free flours market.
Segmentation Analysis
The global
gluten-free flours market is segmented by type, category, and distribution
channel.
By type, it is
segmented into oats, millet, rice, sorghum, amaranth, and others. The rice segment is predicted to generate the
largest revenue for the gluten-free flours market due to wide availability of
rice flours and its application in pastas, noodles, and breads.
By category, it
is segmented into conventional and organic. The organic segment is expected to
exhibit a phenomenal CAGR during the forecast period due to preference of
organic products by the public.
By distribution
channel, it is segmented into store-based and non-store-based. The store-based
segment is expected to be the biggest source of revenue due to the large
distributed network of supermarkets and hypermarkets. But the non-store-based
segment may gain the upper hand in the global gluten-free flours market due to
preference of online channels for the procurement of such products.
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Regional Analysis
Europe, North
America, Asia Pacific (APAC), and Rest-of-the-World (RoW) are regions covered
in the gluten-free flours market report.
North America is
expected to dominate the global market till the end of the forecast period due
to high cases of irritable bowel syndrome (IBS) and celiac disease. The use of
gluten-free flour for the preparation of baked products coupled with its health
benefits can fuel the regional market growth. A large consumer base in the U.S.
and Canada and design of new diets centered around gluten-free products can
work favorably for the global gluten-free flours market growth. The gluten-free
flours market insight is experiencing steady growth driven by
increasing consumer demand for gluten-free products and a growing awareness of
gluten-related health concerns.
Europe can
experience a modest growth rate during the forecast period due to heavy
consumption of ready-to-eat and processed foods such as pastas, noodles, and
breads. Germany is touted to be one of the biggest contributors in the region.
On the other
hand, the APAC region can register the highest growth rate during the
assessment period due to inclusion of gluten-free ingredients in the
preparation of processed foods. The penetration of the ecommerce sector and the
access to the Internet by the large populace in China and India can spur the
demand of gluten-free flours till 2023.
Competitive Outlook
Enjoy Life Foods LLC (US), Associated British Foods
plc. (UK), Cargill Incorporated (US), General Mills Inc. (US), The Scoular
Company (US), Parrish and Heimbecker Limited (US), Groupe Limagrain Holding SA
(France), Enjoy Life Foods LLC (US), Sunopta Inc. (Canada), The Hain Celestial
Group (US), Archer Daniels Midland Company (US)
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