Free from Food Market Anticipated to Registered Over 7.0% CAGR During 2019-2028

Posted by Arslan on June 24th, 2019

As per the current market trends and the promising nature of the free from food market, it can be estimated that the future holds positive outcomes. In order to provide a deep insight about the concerned market, FACTMR would be publishing a resourceful analysis that will enclose knowledge about the regional free from food market size, revenue and opportunity status. Readers will be offered the privilege to decode various facets of the market during 2019-2028, together with the active access to secondary and primary research methodology. Furthermore, various segments of the market associated to product, application, end-user etc., would also be present in this intelligent research report.

Free from Food Market - Key Insights

• The free from food market registered over 5% CAGR during 2013-2018. Growth was driven in part by rising consumption of free-from gluten and dairy products beyond nutritional needs.
• GMO-free food sales in 2018 reached revenues in excess of US$ 16 billion, and will continue to remain most lucrative variant followed by sugar-free food. Growing prevalence of food allergies, along with digestive disorders and obesity, continue to uphold sales of GMO-free and sugar-free food worldwide.
• North America will remain the most lucrative market for free-from food, owing to efforts of the regional players to expand their product offerings by including gluten-free and lactose-free food products.
• Oceania is expected to emerge as the fastest growing market for free from food, as interest in vegan food and gluten-free food continues to surge in countries such as New Zealand and Australia.

What is Driving Growth in Free-from Foods Market?

• There has been a marked rise in the prevalence of food allergies worldwide, According to the World Allergy Organization, nearly 5% of the global population is affected by food allergies.,
• Growing awareness about healthier lifestyles has resulted in changing consumption patterns of consumers that are healthy and free-from chemical-based ingredients, continues to underpin sales of free-from food. Additionally, consumer awareness on clean-label and natural products that are deprived of sugar or fat content, further complemented adoption of free-from food products.
• Key players in the free-from food market are focusing on new product development, including allergen-free food in a bid to tap the latent consumer base who constantly seek for healthier options.
• Surging number of cases related to gluten intolerance and gluten sensitivity among the global population has led to prevalence of chronic ailments such as gastrointestinal disorders, and skin rashes. This, coupled with palpable rise in prevalence of non-celiac gluten sensitivity (NCGS), has been leading consumers toward consumption of free-from food in recent years.

Browse Market Research Report with TOC – https://www.factmr.com/report/3272/free-from-food-market

Free from Food Market: Competitive Landscape

• Inner Mongolia Yili Industrial Group has signed a conditional scheme implementation agreement with Westland Co-operative Dairy Company Ltd. for acquisition at NZ$ 588 million.
• Blue Diamond has entered into the sales and distribution agreement with Grupo Lala S.A.B. de C.V to sell Almond Breeze®, Blue Diamond’s almond-based beverage in Mexico.
• The Food Safety and Standards Authority of India (FSSAI) is planning to set directives on the labeling of gluten-free products in India. The regulatory body is also considering removal of the low gluten category where food products are processed to reduce the gluten content at the level of 20-100mg/kg.

Some of the key players operating in the free from food market are Groupe Danone, Abbott Laboratories Inc., NESTLE SA, Inner Mongolia Yili Industrial Group Co Ltd, Reckitt Benckiser Group Plc (RB), Coca-Cola Co, Blue Diamond Growers, Valio Oy, Kikkoman Corporation, Lactalis, Groupe, Monde Nissin Corp, Dr. Schär AG/SpA, General Mills Inc., Post Holdings Inc., Vitasoy International Holdings Ltd, and other key players. 

Free-from Food Market: Research Methodology

The report on the free from food market provides key insights and in-depth analysis on the free from food market with the help of robust research methodology. The insights on the free from food market are provided through primary and secondary research. Interviews and discussions with industry experts formed the part of primary research. Information gained using this research methodology has further been validated with the help of in-house industry experts and opinion leaders. 

The intelligence obtained from primary interviews has been leveraged to validate the insights gained from secondary researches, which further serves as an authentic source of information for the report readers to bank on. While, journals press releases, company annual reports, and other valid data sources formed the part of secondary research in the free-from food market. The information and data provided in the free from food market report help readers to plan business strategies and gain competitive advantage in the free from food market.