Market Size of Asia-Pacific Free From Food Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 9.60 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Asia-Pacific Free From Food Market Analysis
The Asia-Pacific free-from food market is projected to register a CAGR of 9.60% over the next five years.
Asian diets largely vary due to the diverse culture in the region. However, there are many unifying features, such as high consumption of plant foods, like vegetables, fruits, beans, legumes, nuts, herbs, and spices that make the cuisines and consumption patterns common across the region. In the present scenario, unmonitored diet patterns have resulted in increased diabetes rates throughout Asia-Pacific, especially in countries, like China, India, and Japan. Obesity and overweight rates are soaring, as fast food and sedentary lifestyles replace a life of manual labor fed by rice and vegetables. Advances in food processing and packaging technology are making it easier for companies to develop new products and distribute them to consumers. This is driving innovation in the food market and leading to the development of new and innovative products.. The Asia Pacific region has seen a significant increase in disposable incomes, which has led to a rise in consumer spending on food products. Consumers are more willing to pay a premium for high-quality and healthy food products.
Vast opportunities for free-from food are anticipated to exist in the region, as brands are compelled to meet consumer demands for clean, simple, and safe products. In addition to meeting nutritional requirements, the consumption of dairy- and gluten-free foods is becoming more and more essential because of problems with intolerance or allergies. Foods free of gluten help the body absorb fewer gluten molecules. Patients with celiac disease who exhibit sensitivity signs such persistent diarrhoea and vomiting are only advised to consume gluten-free foods. The increasing health consciousness of customers in the region is another important factor driving the market for free from products. The advantages of consuming free from foods in terms of improved gut health and a decreased risk of digestive issues are becoming more publicly recognised. The market for free from products is also expanding as vegan and plant-based diets become more and more popular. Because many lactose-free products are also plant-based, they appeal to people seeking sustainable and animal-free dietary options.