Market Size of South America Free From Food Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Free from Food Market Analysis
- South America free from food market is expected to grow with a CAGR of 7.00% during the forecast period (2020 - 2025).
- The South American market is expected to be dominated by a huge aging population in the near future, leading to a predicted surge in the number of diseases, such as food allergies and a rise in gluten and lactose intolerance. Access to diagnosis in the region is restricted and access to care is highly variable, particularly in regard to urban vs. rural settings, which is making the population shift more toward healthy eating, thus driving the growth of free-from products in the market.
- Additionally, the demand for the dairy-free market is growing, owing to the increasing demand for low-calorie, dairy-free milk, and milk-based products among lactose-intolerant, health-conscious, and vegan consumers.
- Vast opportunities for free-from food are hence, anticipated to exist in the region as brands are compelled to meet consumer demands for clean, simple, and safe products.
- Brazil accounted for the largest share of the market for free-from food products in South America as the growing middle-class population has fueled a change in the traditional buying pattern.
