Global Gluten Free Bakery Market Revenue is poised to reach a stellar size by 2023. It can exhibit a CAGR of 5% from 2020 to 2023 (forecast period). It stood at USD 868 million in 2019. Rising incidence of gluten-related diseases have induced the need for gluten-free foods. Consumer awareness of celiac disease combined with the gluten-free bakery items gaining traction can drive the market demand during the forecast period.
Rising incidence of celiac disease in developed economies can work in favor of the market and trigger the global gluten-free bakery market demand. Gluten-free bakery items are nutritious, highly digestible, and touted to heighten the immunity system of the human body. Consumers with an inclination towards healthy foods can provide the market the needed impetus for massive growth. Cookie and snack premixes produced by manufacturers are an indicator of the changing food habits of consumers and the wide scope of experimentation.
High cost of gluten-free items can pose an impediment to the market growth.
Major industry participants in the Gluten Free Bakery Market Revenue include Freedom Foods, Hain Celestial Group, Dr. schär ltd., Hero Group Ag, General Mills, Inc., Enjoy Life Foods, and Blue Diamond Growers. Alliances, acquisition of bakeries, and diversification of product portfolios are some of the strategies to be followed by these players to sustain their foothold in the market.