The demand for Gluten Free Snacks has grown in recent years. People’s adherence to gluten free diets has increased, in part because of greater awareness of gluten related illnesses, particularly celiac disease, but primarily because of the common notion that a gluten free diet is better. For instance, according to The American College of Gastroenterology, they estimate that in 2020, The prevalence of biopsy-confirmed Celiac disease (CD) is estimated at 0.7%, while diagnosis based on serology is estimated at 1.4% of the population. Thus, growing obesity and related health problems are likely to increase gluten free snacks market demand during forecast period.
The gluten free snacks market was valued at $843.60 million in 2021, and is estimated to reach $1.8 billion by 2031, growing at a CAGR of 8.3% from 2022 to 2031.
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The players operating in the global gluten free snacks industry have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report are Freedom Foods Group Limited, General Mills, Inc., Kellogg Company, Koninklijke Wessanen N.V, Mondelez International Inc, ConAgra Foods Inc, Quinoa Corporation, The Hain Celestial Group, Inc, The Kraft Heinz Company and Valeo Foods Group Ltd.
Key finding of the study
- The gluten free snacks market size was valued at $843.6 million in 2021, and is estimated to reach $1,844.9 million by 2031, registering a CAGR of 8.3% from 2022 to 2031.
- In 2021, by product type, the nutrition bar segment was valued at $283.5 million, accounting for 33.6% of the market share.
- In 2021, by distribution channel, the specialty stores segment was valued at $120.2 million, accounting for 14.2% of the market share.
- In 2021, on the basis of generation, the generation X segment acquired $316.1 million, exhibiting 37.5% of the global market share.
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The demand for gluten free snacks among adults is anticipated to rise as sports athletes and people in the workforce become more aware of their intake and diet in order to maintain a healthy level of nutrients in their bodies. Thus, above factors are likely to supplement the growth of the gluten free snacks market through the millennials segment.
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