The Gluten-Free Products Market size was valued at USD 4.3 Billion in 2019 and is estimated to reach USD 7.5 Billion by 2027, registering a CAGR of 7.2% from 2020 to 2027.
Major factors driving the growth of gluten-free products market size are the rising prevalence of celiac disease and also growing population shifting towards healthier diets.
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TRENDS INFLUENCING THE GROWTH OF GLUTEN-FREE PRODUCTS MARKET SIZE
It is anticipated that the rising occurrence of Irritable Bowel Syndrome (IBS) and celiac diseases will drive the gluten-free products market size in both developed and developing countries. A person suffering from Irritable Bowel Syndrome (IBS) is sensitive to gluten, and the use of gluten aggravates the problems caused by the syndrome. On the other hand, Celiac disease is an autoimmune disorder in which the indigestion of gluten damages the small intestine. The rising prevalence of these diseases is expected to increase the growth of gluten-free prod
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Technavio estimates the global specialty bakery market to grow by USD 10.54 billion, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201215005158/en/
Technavio has announced its latest market research report titled Global Specialty Bakery Market 2020-2024 (Graphic: Business Wire)
The market is driven by the growing demand for functional ingredients. However, the low popularity of specialty bakery products might challenge growth.
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