Free from insights into the food market by growth, emerging trends and industry forecast by 2026
Rising consumer demand and increasing incidence of celiac disease and gluten intolerance are driving the global food free market.
PORTLAND, OR, UNITED STATES, Sep 28, 2021 /EINPresswire.com/ – Food Market Exempt by Type (Dairy Free, Sugar Free, Carbohydrate Free, Lactose Free, Artificial Ingredient & Other Free) and Distribution Channel ( supermarkets and hypermarkets, specialty stores, online retail stores and others): Global opportunity analysis and industry forecast 2019-2026 “. is expected to reach $ 161.21 billion by 2026, registering a CAGR of 7.7% from 2019 to 2026.
The main determinants of a growing market
Increasing consumer demand and increasing incidence of celiac disease and gluten intolerance have driven the global food free market. However, the high cost of product free of products is hindering the growth of the market. On the contrary, increasing investments by small and medium-sized food manufacturing companies and shifting consumer preferences towards ready-to-eat food products are expected to create lucrative opportunities in the near future.
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The sugar-free segment takes the lion’s share
By type, the sugar-free segment held the largest share in 2018, contributing more than a quarter of the global food-free market, due to the increased risk of obesity and type 2 diabetes globally and the response of market players. by offering a special range of sugar-free products. However, the non-carb segment is expected to register the highest CAGR of 10.0% from 2019 to 2026, due to an awareness regarding blood sugar control and insulin requirements.
Fastest Growing Online Retail Store Distribution Channel Until 2026
Online retail stores segment is expected to represent the fastest CAGR of 11.3% during the forecast period as major industry players expand into e-commerce with increasing penetration Internet across the world. On the other hand, the specialty stores segment held the largest share in 2018, accounting for nearly three-fifths of the global food-free market. This is due to the growing affluent population in emerging countries like China and the ability to physically choose and compare products.
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North America dominates the market
The global food-free market in North America held the largest share in 2018, contributing more than two-fifths of the market. This is due to the increased demand for natural food products and increased health awareness among consumers, coupled with an increase in the prevalence of diseases caused by synthetic ingredients. However, the LAMEA market is expected to post the highest CAGR of 9.9% from 2019 to 2026, owing to the demand for food and beverages made from sugar substitutes and the emerging trend of sugar substitutes. food without food.
Major market players
The Kraft Heinz Company
Heavenly Group Hain, Inc.
Kerry PLC Group
Chr. Hasen A / S
General Mills, Inc.
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