Market Size of Food Intolerance Products Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 7.79 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
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?
Food Intolerance Products Market Analysis
The Food Intolerance Products Market size is estimated at USD 19.36 billion in 2023, and is expected to reach USD 28.17 billion by 2028, growing at a CAGR of 7.79% during the forecast period (2023-2028).
- The demand for natural, organic, and good-for-health food products has significantly increased among consumers in recent years. This increase can be attributed to consumers' growing awareness of the adverse health effects associated with consuming various artificial food ingredients and gluten-containing grains, such as wheat and barley, which are often used in non-complying quantities in food products.
- Medical advancements have also contributed to the growth of the food intolerance products market by providing a solid understanding of the various health benefits associated with these products, enabling consumers to make conscious decisions when purchasing their food products.
- The popularity of the vegan diet, increasing incidences of lactose intolerance, and coeliac disease have continually driven the market for food intolerance products and will continue to do so in the future. Additionally, rising consumer inclination towards labeling and ingredient claims such as 'lactose-free' and 'gluten-free' is also driving the market for these food products.
- Changing lifestyles and growing awareness of the benefits of a vegetarian diet have led to an increase in demand for plant-based foods. Consumers increasingly perceive vegetarian and vegan food products as a way to reduce the levels of harmful cholesterol in the blood and improve health and overall well-being.