The Global Free From Food Market 2020-2023 Research Report provides idealistic and determined details of the Free From Food Market, that assist you in promoting ideas with research-based factors. It offers in-depth data, refines variations of the worldwide Free From Food market to help you in deciding the final strategy. The report features a thorough outlook of the market considering profitability, attractiveness, revenue, and CAGR.
The Free From Food Market Research Report also focuses on leading industry Manufacturer with information such as company profiles, products, and services offered financial information throughout 2020 – 2023
- Alpro UK Ltd.
- Annies Homegrown
- Boulder Brands Inc.
- Doves Farm Foods Ltd.
- Dr Schar AG/SpA
- Ener-G Foods
- Galaxy Nutritional Foods Inc.
- General Mills
- Genius Foods Ltd.
- Glutino Food Group
- Hain Celestial Group Inc.
The Free From Food Market Report offers an accurate financial assessment of each leading Competitor based on their business data that includes estimation of gross margin, Free From Food Market sales volume, profitability, pricing erection, product value, cost structure, revenue, and growth rate.
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Summary of Free From Food Market:
The global free from food market is expected to record an estimated CAGR of 4.84%, during the forecast period (2020-2023). The use of ancient grains in bakery/cereal products which are rich in micronutrients and essential acids (chia seed, flax seed, etc.) has proved to be successful sale for gluten free products.
Growing Healthy Food Trend
In the free from food market, the term “Free” suggests that the food should contain no detectable residues. But the availability, specificity, and sensitivity of detection methods to support such claims can vary. As per the current free from food market scenario, only 15 to 22% consumers are intolerant or allergic to certain ingredients, while the rest consume such products more due to their health credentials, rather than for any medical reason. Most of the modern consumers, worldwide, are aware of the intolerances caused by various food ingredients, such as gluten, dairy protein, and trans-fats. This growing awareness has created a consumer perception that “free from” type of food materials are healthier and safer, which in turn is driving the free-from food market.
The regulations associated with the labelling of allergen free and trans-fat free product claims is driving the market for free from food products. Baby food market with lactose free claim is the fastest growing application driven by the increased consumption of baby milk formula in China.
Gluten Free and Dairy Free are Driving Market
Younger generation is more likely to purchase gluten- and dairy free products due to its health benefits. Around 5% of the population need to avoid certain food due to allergen or medical reason. The trend of clean eating, vegan products online has increased the market for specialty food manufacturers. Consumer sensitivity or intolerance are not the only selling factor for free from food products. Companies are increasingly special building production line for free-from food products.
By product claims types, the global free from food market is segmented into gluten free, lactose free, allergen free which includes soy, egg, peanut, and tree nut allergen free products, trans-fat free and others. In countries, such as India, there are 6 to 8 million population, which are suffering from celiac disease. This drives the demand for gluten free/wheat free food market. The global gluten-free retail market has grown from USD 1.7 billion in 2011 to USD 3.5 billion in 2016 and is forecasted to grow to USD 4.7 billion in 2020.
By application, the market can be segmented into beverage, bakery & cereal products, dairy, fats & oils, snacks, and others. The beverage segment has been growing very rapidly over the years with several free from ingredients particularly after the sugar war. The lactose free segment is one very much in demand in the dairy products with increasing awareness about lactose intolerance around the world.
By 2023, the demand for free from food is expected to be higher in Asia-Pacific and Africa, as a large portion of gluten and lactose intolerance consumers belong to these regions. Further, gluten-free and lactose-free products, collectively, hold the largest share of the free from food market. As per current market revenue, Europe is the largest market for free from food products, followed by North America, Asia-Pacific, South America, and Africa.
China holds a major share in the market, which is followed by Japan. Increase middle class income and rising awareness of allergen free products is driving India at a faster growth rate.
• April 2016 – Stoli by Stolichnaya, developed gluten-free vodka, which was launched in the global market.
• April 2017 – Schar, which is the UK fastest growing gluten free brand has launched four new products.
Major players – ALPRO UK LTD., ANNIE’S HOMEGROWN, BOULDER BRANDS INC., DOVES FARM FOODS LTD., DR SCHAR AG/SPA, ENER-G FOODS, INC., GALAXY NUTRITIONAL FOODS INC., GENERAL MILLS, INC., GENIUS FOODS LTD., GLUTINO FOOD GROUP, HAIN CELESTIAL GROUP INC., among others.
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Reasons to Purchase this Report
The Free From Food Market 2020-2023 Analysis objectives of the report are:
- To analyze Free From Food Market regarding growth trends, anticipation and also their participation in the entire sector.
- To equitably share in-depth info regarding the vital elements influencing the increase of industry (growth capacity, probability, drivers and industry-specific challenges and risks).
- To know the Free From Food Market by distinguishing its many sub-segments.
- To examine and study the market size (volume & value) from the company, essential regions/countries, products and application, background information from 2013 – 2020 and also prediction to 2023.
- To profile the Leading players in the industry and analyze their growth plans.
- To venture the amount and value of sub-markets, depending on key regions.
- Primary worldwide Antifouling Paints and Coatings Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis, and development plans next coming years.
- To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.
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The growth of this market worldwide is subjected to various factors; including consumer world-class Free From Food Market of many Free From Food Market products, inorganic company growth models, price volatility of raw materials, product innovation along with economic prospects in both producer and consumer countries.
In conclusion, Free From Food Market report presents the descriptive analysis of the parent market based on elite players, present, past and futuristic data that will serve as a profitable guide for all the Free From Food Market competitors.
Mr. Ajay More
Phone: +14242530807 / + 44 20 3239 8187
Email: [email protected]
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