iCrowdNewswire Feb 2, 2021 5:00 AM ET
Gluten Free Flour Market size is $20.91 Billion in 2019, growing at a CAGR of 8.91% during the forecast period 2020-2025. Rich in nutrition, gluten-free flour is used to thicken sauces and soups. Gluten is a kind of protein present in a variety of grains, including wheat, rye, barley, and others. It is the only recommended treatment for patients who suffer from celiac disease and show symptoms of sensitivity, like frequent diarrhea and vomiting. Novel food products produced for people who are sensitive to gluten are gluten-free flours. Pizza & pasta, savouries, cereals & snacks, baked flours, among others are the types of items free of gluten. Flours that are gluten-free are rich in protein and are used to thicken soups and sauces. In fact, gluten-free flour has a good texture and can be used for all baking purposes. Gluten free brown rice flours, along with a higher fibre content, have a higher nutritional value compared to white rice.
By Type – Segment Analysis
In 2019, Coconut Flour Gluten Free Flour segment dominated the Gluten Free Flour Market in terms of revenue is estimated to grow at a CAGR of 9.13% owing towards rising consciousness related to diet. Coconut flour can help lose extra weight as it contains both protein and fibre, two nutrients that have been shown to minimize hunger and appetite. The growth of coconut flour products has been positively influenced by rise in demand for bakery products during the festive season and a rise in health-related problems. In addition, owing to its antibacterial and antifungal properties, the tendency of millennials to Ketogenic and Paloma diets is the major contributor to this pattern abetting towards the growth of the market.
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Geography – Segment Analysis
In 2019, the North America region dominated Gluten Free Flour Market in terms of revenue with a market share of 39.7% owing towards rising public & private funding for R&D in this region. The dominance of the area can be attributed to different factors, such as the existence of producers of gluten-free flours and the rise in the prevalence of celiac disease among consumers. Gluten-free flours provide a number of health benefits, contributing to their use to improve bone health, heart health and blood sugar levels. Government has taken initiatives to promote advancements and initiatives to escalate the agricultural process are key factors in the growth of the Gluten Free Flour market. Asia Pacific is set to record the fastest growth rate during the forecast period 2020-2025.
Drivers – Gluten Free Flour Market
Increased Demand For Bakery Products
Increase in the demand for bakery products during the festive season and an increase in health-related issues have positively impacted the growth of the product. In addition, the health concerns such as obesity, diabetes and other health problems, weight control, rising body energy, expanding government initiatives, evolving consumer behavior and preference for gluten-free flours or low protein goods, as well as concern about health protection, are some other factors that are set to increase the demand for gluten-free flours.
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Challenges – Gluten Free Flour Market
Lack Of Insufficient Dietary Fibre In Gluten-Free Flour Products
There is a shortage of sufficient dietary fibre in gluten-free products, resulting in constipation and other digestive system diseases. In developing countries, lack of awareness of the need for and benefits of gluten-free flours and the high cost of gluten-free flours compared to wheat flours can hinder the growth of the market for gluten-free flours in the near future. restraining the business growth over the forecast years.
Gluten Free Flour Industry Outlook
Product Launches was the key strategy of the players in the Gluten Free Flour Industry. Gluten Free Flour top 10 companies include Agrana Beteiligungs-Ag, Archer Daniels Midland Company, Associated British Foods Plc., Cargill, Inc., Enjoy Life Foods Llc, General Mills, Inc., Hain Celestial Group Inc., Parrish and Heimbecker, Sunopta Inc. and The Scoular Company.
In February 2020, Cargill Corporation launches plant based patty and ground products for maintaining consistency in the taste of costumers and by providing high-quality protein. This helps in attracting many consumers and thus aids to its productivity of sales.
In July 2018, The Scoular Company acquired Farmers Grain Company (known locally as Kontny Grain) of Julesburg, Colo. This acquisition helped company by driving its growth across multiple categories and in reaching more consumers.
The demand for gluten-free flours is experiencing substantial growth owing to rise in the consumption of gluten-free goods to an ageing population.
The growing prevalence of celiac disease and the increasing acceptance of gluten-free diets is likely to be the key driving force for the growth of the market, resulting in customers substituting flours rich in gluten for gluten-free flours.
Some of the factors that drive the demand for gluten-free flours are increasing the prevalence of diabetes, obesity and increasing understanding of weight control.
Asia-Pacific region is projected to record the fastest growth rate during the forecast period 2020-2025.
Related Reports :
A. Gluten-Free Pasta Market
B. Gluten Feed Market
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