A new report published by Research on Global Markets titled Global Gluten-Free Food Market (2018–2023) offers a look at the performance of the global gluten-free food market. According to the report, the global gluten-free food market is projected to expand at a compound annual growth rate (CAGR) of 7.6 percent and will generate a revenue of $6.47 billion by 2023.
Within the products segment, gluten-free food is divided into eight types:
- Bakery items
- Dairy food
- Meat and its substitutes
- Spices and spreads
- Desserts and ice creams
- Ready-to-eat meals.
The gluten-free bakery food segment held the largest share of the market (29 percent) in 2018, and is predicted to expand at a CAGR of 8.5 percent during the forecasted period. According to the report, conventional stores, specialty stores and drug stores are the most common distribution channels for these products. Among the different distribution channels, conventional stores currently hold the highest market share (83 percent), owing to their ease of accessibility.