Gluten-Free Flours Market 2020- COVID-19, Share, Revenue, Trends, Growth, and Regional Forecast to 2025
Market
Highlights
The
increasing prevalence of gluten related diseases such as celiac disease and
irritable bowel syndrome (IBS) have led to consumers opting for gluten-free
products. There is significant increase in adoption of gluten-free lifestyle
and the consumption of gluten-free foods by health-conscious consumers.
Additionally, there are multiple other factors driving the growth of
gluten-free flours in the market, including social and traditional media
coverage and consumer-directed marketing by retail outlets and manufacturers.
Also, the reports in the medical literature and mainstream press of the
clinical benefits of gluten avoidance has also impacted the consumer
preferences and led to consumer opting for gluten-free flours.
Based
on type, the Global Gluten-Free Flours Market has
been segmented into sorghum, amaranth, rice, oats, millet, and others. The rice
segment is anticipated to gain the largest revenue share in the global
gluten-free flours market and shall maintain lead throughout the forecast
period. Rice flours are widely available and is being used in various food
items such as noodles, pastas, and breads. Rice flours are high in fiber
and helps to eliminate waste and helps lowering the cholesterol levels in the
body. Additionally, the factors such as availability and high preference for
rice flours in North America is expected to boost the market during the
forecasted period. The same segment is expected to grow with the highest growth
rate owing to the factor that rice flour is nutritious and is extensively used
as a major ingredient in substitute to wheat flours. Additionally, rice is the
staple food for most of the population around the globe.
The
Global Gluten-Free Flours Market has been segregated, by category, into organic
and conventional. The conventional segment is expected to garner major share in
the global gluten-free flours market owing to the huge availability of
conventional gluten-free flours. However, the organic segment is anticipated to
project a higher CAGR during the forecast period due to the rising inclination
of consumers towards organic products.
Segmentation
Analysis
The
Global Gluten-Free Flours Market has been segregated, by distribution channel,
into store-based and non-store based. The store-based segment has been further
segregated into supermarkets and hypermarkets, convenience store, and others.
The store-based segment is expected to generate higher revenue, with the
supermarkets and hypermarkets sub-segment being the largest due to the strong
and widespread network of stores. The non-store-based segment is expected to
register the higher CAGR during the assessment period owing to technological
advancements in the e-commerce industry and growing consumer preference for online
retailing.
Key
Players
·
Sunopta Inc.
·
Cargill
·
Incorporated
·
The Scoular Company
·
Enjoy Life Foods LLC
·
Parrish and Heimbecker Limited
·
Archer Daniels Midland Company
·
The Hain Celestial Group
·
General Mills Inc.
·
Associated British Foods plc
·
Groupe Limagrain Holding SA
Regional
Analysis
The
global gluten-free flours market has been segmented on the basis of region,
into North America, Europe, Asia-Pacific, Rest of the World.
North
America is expected to dominate the global gluten-free flours market owing to increasing
adoption of gluten-free diets in the region. Countries such as the US and
Canada are major consumers of gluten-free products, gluten-free diets help in
improving digestive health and increase the energy levels in the body. Thus,
gluten-free flours are used as substitute of wheat flours in various food
items. Also, the increasing prevalence of gluten intolerance and celiac
disease, especially in the US is expected to drive the growth of gluten-free
flours market.
Asia-Pacific
& RoW gluten-free flours market is expected to grow at a rapid pace due to
the surging production and consumption of gluten-free flours in the regions.
Moreover, Europe is also expected to project a significant market share owing
to the increasing awareness regarding the health benefits of gluten-free flours
and due to the increasing adoption of healthy, gluten-free diets by the rising
health-conscious population.
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