Published Date: 26-Sep-2021
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According to a new report Global Gluten-free Baking Mixes Market, published by KBV research, The Global Gluten-free Baking Mixes Market size is expected to reach $623.9 billion by 2027, rising at a market growth of 7.2% CAGR during the forecast period.
The bread segment is estimated to witness a significant growth rate during the forecast period. Bread is one of the widely consumed bakery products but, the growing trend of low-carbohydrate diets has impacted the demand for the product. Hence, various manufacturers are introducing gluten-free bread mixes in the market to meet the increased product demand.
Based on the distribution channel, the grocery stores segment acquired the highest revenue share in 2020. The segment is anticipated to maintain its dominance over the forecast period owing to the presence of various grocery stores all over the established and emerging nations. In the last few years, key companies have been aiming at expanding their global footprints by establishing new stores.
The Asia Pacific is projected to garner significant growth during the forecast period due to the increasing demand for healthy food items and the growing adoption of healthy food items and lifestyles among the population of nations like China, Japan, Malaysia, and India. In addition, the rising cases of allergic diseases and various other gluten-related diseases are surging the demand for the product and thus felling the growth of the regional market. The growing consumer awareness regarding the consequences of gluten consumption would also bolster the demand for gluten-free baking mixes.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of General Mills, Inc., Conagra Brands, Inc., Williams-Sonoma, Inc., Kinnikinnick Foods, Inc., Continental Mills, Inc., Partake Foods, Chebe, Naturpro, SalDoce Fine Foods, and King Arthur Baking Company.
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