Gluten-free products are gaining cognizance owing to the increasing health benefits it offers. This type of protein can be found in barley, wheat, and rye. But the protein has a tendency to trigger celiac diseases that would trigger diarrhea, abdominal bloating, gas, migraine headaches, vomiting, and joint pain. To stand clear of such problems, manufacturers have started launching innovative products that can serve the market in a better way. The disease is an autoimmune disorder that prohibits small intestine from digesting gluten. Better market exposure due to various retail sectors, improved promotional activities, growing awareness in various regions, and others can be taken as major market influencers. [URL=https://www.marketresearchfuture.com/reports/gluten-free-products-market-4984]Global Gluten-Free Products Market[/URL] is finding the growth possibilities quite handy to register an impressive CAGR for a period of 2019 to 2023 that can be considered as the forecast period for the market. Market Research Future (MRFR) has included several possible aspects of the market that can be explored in the coming years to gain better mileage.
However, these gluten-free products are known for their high price due to which restriction in expansion for the market is quite high. These products are effective in their application as an alternative to the global market for general products. But the high price is hindering growth prospects. Meanwhile, competition among players is increasing, which can improve the pricing problem.
Key Players
Major players in impacting the global Gluten-Free Products Market with strategic innovations are The Hain Celestial Group, Inc. (U.S.), Boulder Brands, Inc. (U.S.), General Mills, Inc. (U.S.), The Kraft Heinz Company (U.S.), Kellogg Company (U.S.), Mondelez International, Inc. (U.S.), Hero Group AG (Switzerland), Freedom Foods Group Ltd. (Australia), and others.
Industry News:
In October 2019, London Food Corporation announced that they have taken over Big Oz Industries. The latter is known for its gluten-free product setup and is a notable name in the market.
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Regional Analysis
The global market for gluten-free products is expecting strong thrust from countries fro the North American region owing to their high expenditure capacity, better innovation, investment in research and development projects, a significant contribution from investors, improved product awareness, and others. The regional market has the potential to retain its strength during the forecast period with countries like the US and Canada contributing the most. The regional market can touch an estimated valuation of around USD 3,903.29 million by 2023. The European region is also in a position to gain from similar features where countries like France, Germany, Spain, the U.K, Italy, and others can achieve a moderate CAGR of 9.84% during the forecast period. These regions are known for their extensive market contribution. The Asia Pacific region can maintain a strong rise as these products are winning rapid strong recognition from consumers.