In addition to being the largest market for gluten-free foods & beverages in Asia-Pacific, accounting for an estimated share of over 35% in 2016, China is also forecasted as the fastest growing, with the prospect of recording a CAGR of more than 14% during 2018 - 2023.
Wheat, barley, rye and their derivatives are found to contain the protein called gluten and individuals sensitive to it exhibit mild symptoms of intolerance such as chronic diarrhea and vomiting. However, there exists a sizeable population that shows typical symptoms of intolerance that is classified as celiac disease. This is an inherited autoimmune disorder in which gluten damages the small intestine, with the only remedy for it being a strict gluten-free diet for life. For instance, the prevalence of this disease in North America is around three to four million, though only 5%-10% of the cases have been currently diagnosed.
The market for gluten-free foods & beverages has undergone a radical change from specialty niche products to mainstream products. Millions of individuals around the world have started consuming gluten-free products, not only because of being diagnosed with celiac disease but also because of a general perception of maintaining better health. A current trend towards gluten-free product consumption has given further impetus to the gluten-free foods & beverages segment.
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 seeks to garner increased market share.
Reasons to Purchase this Report
Customization of the Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
Looking to Customize Report?