Food Intolerance Products Market Opportunities and Forecasts, 2015 – 2022
Introduction To Food Intolerance Products Market Global Food Intolerance Products Market is poised to reach $13.9 billion by 2022 with a CAGR of 6.9% during 2016 and 2022, according to a new report published by Allied Market Research. The increase in count of celiac patients and health conscious consumers propels the growth of food intolerance products market. Lactose-free and diabetic food products segment accounted for over half of the global food intolerance market in 2015. Major market drivers include, the rise in prevalence of food intolerance accompanied by increasing popularity of specialty well-being food products, resulting in constant sales growth for food intolerance products. Majority consumers choose food intolerance products over their alternatives to avoid consumption of food ingredients that are perceived to have negative impacts on the health even without being diagnosed with intolerance. With growing celiac and crohns diseases and consumer health consciousness, the demand for food intolerance products has grown considerably. This rising trend in gluten-free products is majorly fuelled by celiac diagnosed patients, improved government (labelling) regulations, and innovative new product launches. However, the high cost of gluten-free products and lack of awareness on food intolerance products restrict the growth of food intolerance products market. Know more about Food Intolerance Products Market at: https://www.alliedmarketresearch.com/food-intolerance-products-market
Key Findings of Food Intolerance Products Market • Gluten-free baby food products are projected to be the fastest growing segment in global gluten-free food products market registering a CAGR of 8.8% during the forecast period. • Lactose-free dairy products held around two-thirds market share in the global lactose-free food market in 2015. • North America is projected to occupy the highest market share with a CAGR of 5.3% during analysis period. • The U.S. would continue to lead the North America food intolerance products market with a CAGR of 5.1% during the forecast period. • Germany held largest market shares in the European region in 2015, whereas Poland intends to grow in the future with the highest CAGR of 9.6% during the forecast period.
Food Intolerance Products Market By Geography North America accounted for more than half of the food intolerance products market in 2015 and is expected to maintain this lead position throughout the forecast period. This was due to increased diagnosed individuals of celiac disease and the rising diabetic patients, owing to which consumers have increased the consumption of gluten-free and diabetic food products, thereby increasing the demand for the food intolerance. However, Europe is projected to be the fastest growing segment during the forecast period, due to increasing awareness regarding food intolerance and improves government regulation with regards to food labelling. North America, Europe, Asia Pacific, LAMEA
Key Players The key players profiled in the global food intolerance products market include, Nestle S.A. General Mills, Inc. Abbott Laboratories Kraft Heinz Company Dr. Schr AG / SPA Mead Johnson Nutrition Company DanoneS.A. Fifty 50 Foods Corporation Boulder Brands, Inc. Kellogg Company.
“Lactose-free food products and gluten-free food products segment held a prominent position with major revenue share and is projected to continue its dominance during the forecast period. Lactose-free dairy products and gluten-free bakery products are the major revenue generating sub segments in respective sectors.” BhumikaTandon
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