The gluten-free cereals global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Gluten-Free Cereals Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
The gluten-free cereals market size has grown exponentially in recent years. It will grow from $6.56 billion in 2023 to $7.26 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to rising incidence of celiac disease, increased health and wellness concerns, increased diagnoses and awareness, increased consumption of healthy food products, and increasing awareness about gluten-related disorders.
The gluten-free cereals market size is expected to see exponential growth in the next few years. It will grow to $10.90 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forcast period can be attributed to increasing health consciousness, Increasing demand for gluten-free crackers, rising prevalence of celiac and other diseases, Increasing health and wellness concerns, and increasing demand from millennials. Major trends in the forecast period include technological advancements to reduce product prices, ingredient processing technologies, packaging technologies, innovations in ingredients, and organic and non-GMO products.
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Scope Of Gluten-Free Cereals Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Gluten-Free Cereals Market Overview
Market Drivers -
The increasing obese population is expected to propel the growth of the gluten-free cereal market going forward. The obese population refers to a segment of people with high body fat, identified by a BMI of 30 or higher, influenced by genetics, lifestyle, and economic conditions. The obese population is growing due to factors such as changes in diet towards more processed and high-calorie foods, sedentary lifestyles with reduced physical activity, genetic predispositions, socioeconomic influences limiting access to healthy options, and environmental factors discouraging active living. Gluten-free cereals offer a range of nutritional benefits that can support individuals, including those who are obese, achieve and maintain a healthier weight and provide nutrient-dense, lower-calorie options supporting digestive health. For instance, in January 2024, according to the National Library of Medicine, a US-based government, there were expected to be 800 million obese adults in 2020 and 1 billion by 2030. Therefore, the increasing obese population drives the gluten-free cereal market.
Market Trends -
Major companies operating in the gluten-free cereals market are developing gluten-free corn cereal to meet the growing demand for allergen-friendly and nutritionally balanced options for young children. Gluten-free corn cereal provides a nutritious and safe choice for those who require a gluten-free diet, ensuring they receive essential nutrients while supporting their digestive health and overall growth. For instance, in February 2023, Beech-Nut Baby Food, a US-based baby food company, launched Golden Corn Maize Cereal, a gluten-free corn infant cereal. This new gluten-free, nutrient-dense corn-based infant cereal provides parents with a healthy, allergen-friendly option when starting their babies on solid foods. The cereal can be mixed with breastmilk, formula, water, or Beech-Nut's baby food purees to create a nutritious and filling first food for babies.
The gluten-free cereals market covered in this report is segmented –
1) By Type: Sorghum, Quinoa, Buckwheat, Amaranth, Teff, Corn, Brown Rice, Other Types
2) By Consumer : Adults, Kids
3) By Distribution Channel: Conventional Store, Hotels and Restaurants, Educational Institutes, Specialty Services, Hosp
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