New Technology Developments in Free from Foods Market to Grow during Forecast year 2018-2024
According to a recent report published by Fast Market
Research, titled, Free from
Foods Market 2018: Market
Value, Trends, Opportunity, forecast 2018-2024, “the global free from foods
market accounted for USD XX Million in 2018 and is estimated to reach USD XX
Million by 2024. Moreover, it is anticipated to flourish at a CAGR of XX%
during the forecast period i.e. 2018-2024.
The free-from foods market is segmented in different
categories including by type, by application, and by distribution channel. The
market is segmented by type into gluten-free, egg-free, dairy-free,
lactose-free, allergen-free, and others. Among this segment, the gluten-free
segment is expected to capture lion shares of the market in 2018. Global
gluten-free foods segment was totaled at USD XXX.X billion in 2018 and is
projected to reach USD XXX.X billion in 2024 at a CAGR of XX.X% from 2018 to
2024. Gluten-free food products with medicinal benefits are the most purchased
products in recent years. Government initiatives are also encouraging the
growth of this segment. For instance, Under the new European Union regulations
which came into effect on January 1st, 2012, only foods that contain less than
20 parts of gluten in a million will be allowed to use the term ‘gluten-free’
on their packaging. Previously, a food labeled ‘gluten-free’ could have
contained up to ten times more than this.
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Moreover, based on the application, free-from foods market
is further sub-segmented into bakery and confectionery, dairy-free foods,
snacks, beverages, and others. Among which the bakery & confectionery
segment is about to register a remarkable growth rate in upcoming years. Rapid
introduction of free-from bakery and confectionery products in different
markets is expected to encourage the growth of this segment in the near future.
Rising demand for Ready to Eat Foods
The on the go convenience foods or ready-to-eat food market
growth is backed by several factors including changing food consumption
behavior among consumers, increased willingness to spend on such food and the
lack of time to cook at home. Further, many companies around the world have
introduced free from types of ready to eat food products, and these products
are witnessing remarkable demand across the globe.
Changing Lifestyle of Consumers
Lifestyle-choice is playing a big part in this growth.
Open-minded health and wellness consumers are increasingly influencing the food
industry and are redefining food culture. As shoppers, consumers are no longer
compromising with food quality and are focused on real healthy food, positive
nutrition, fresh, and less processed foods. The world has witnessed a growth in
the pool of consumers who have been diagnosed with a food-related condition.
These consumers have been strictly advised by their healthcare professionals
regarding their diet and are seeking options which can help them to maintain
their diet. Furthermore, rising awareness among consumers has encouraged them
to live a healthier lifestyle; this rise in health awareness is acting as a
significant force which is supporting the growth of free-from foods
market.
Regional Outlook:
Regionally, the report offers an analysis of North America,
Europe, Asia Pacific, Latin America, and Middle East & Africa. When it
comes to free-from foods market, Europe is the leader in free from the food
market. The Europe region has acquired significant market shares and is poised
to continue its dominance in the coming years. Government support and high
awareness rate have fueled the market growth in this region.
Competitive Landscape:
The report also covers detailed competitive analysis of
major market players of the global free-from foods market, such as FEEL GOOD
FOODS, Tesco PLC, Sainsbury’s, Nestlé, Enjoy Life Foods, Dr. Oetker, The Quaker
Oats Company, The Safe + Fair Food Company, Dr. Schär AG, Danone, General Mills
Inc. and other major & notable players.
Browse
Full Report With TOC@ https://www.fastmr.com/report/46/free-from-foods-market
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150 State Street, Albany,
New York, USA 12207
+1 (518) 300-1215
Email: sales@fastmr.com
Website: www.fastmr.com
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