APR 2018
Market Insights
The market for gluten-free foods & beverages in Asia-Pacific has undergone a radical change from specialty niche products to mainstream products. A current trend towards gluten-free product consumption has given further impetus to the gluten-free foods & beverages segment. The gluten-free foods & beverages market in Asia-Pacific is expected to witness a CAGR of 12.4% during the forecast period, owing to the sizeable population of celiac disease patients.
The market for gluten-free products is highly competitive, with innovation in products being a major strategic approach adopted by leading players. This trend is likely to continue in the future, as the established set of players seek to garner an increased market share. Countries like China and India are showing the most promising growth in the Asia-Pacific region. Rising disposable incomes coupled with growing awareness about healthy food products are also major drivers for the market.
The market for gluten-free foods & beverages in Asia-Pacific is segmented based on type and country. Bread products is expected to be one of the dominating types of gluten-free foods owing to high demand from health-conscious consumers seeking healthy indulgence in the baked goods category.
China is the largest market for gluten-free foods & beverages in the Asia-Pacific region.
The major players in the gluten-free foods & beverages market include- Amy's Kitchen Inc., Bob's Red Mill, Boulder Brands Inc., Dr. Schar, Enjoy Life Natural Brands LLC, Frontier Soups, General Mills Inc., Genius Foods, Golden West Speciality Foods, H.J. Heinz Company, Hain Celestial Group Inc., Hero Group AG, Kelkin Ltd, and Mrs. Crimbles.
