Market Size of Australia Gluten-Free Foods & Beverages Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 7.82 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Australia Gluten Free Foods & Beverages Market Analysis
The Australian gluten-free foods and beverages market is projected to register a CAGR of 7.82% during the forecast period.
Australia is one of the gluten-free friendly countries, and the market for gluten-free foods and beverages has rapidly changed, with a rise in the current trends toward high consumption of gluten-free foods and beverages. The rising gluten intolerance among consumers is also supporting the demand for gluten-free foods and beverages. For instance, as per Coeliac Australia, approximately 1 in 70 Australians is affected by celiac disease on average. People with celiac disease are sensitive to gluten and consume gluten-free foods and beverages, thus supporting the demand for gluten-free products.
Companies in the food industry are targeting consumers with gluten intolerance and celiac disease, boosting the demand for healthier alternatives in the market. Consumers with gluten intolerances and other consumers are shifting toward such products. However, the use of unhealthy ingredients, such as sugar, sodium, and fat, may restrict the market's growth.