Food intolerance products are popular amongst individuals with food allergies and intolerances. A food allergy can cause a host of physical and mental symptoms. These products can help individuals cope with the discomfort associated with a food allergy and prevent a recurrence of symptoms. Moreover, these products can help prevent the symptoms of gluten intolerance, such as bloating, migraine, and irritable bowel.
Market Statistics:
The global food intolerance products market is estimated to account for US$ 17,722.98 Mn in terms of value by the end of 2021.
Global Food Intolerance Products Market: Drivers
Growth of the food intolerance products market is witnessing a strong growth due to an increasing number of diabetic and celiac patients worldwide. According to the Celiac Support Association, nearly one in 133 people in the US suffer from celiac disease. However, 83% of these cases remain undiagnosed. Also, the number of people suffering from diabetes is projected to grow from 382 million to 592 million by the end of 2035.
Global Food Intolerance Products Market: Opportunities
Increasing availability of products free from multiple allergens is projected to bring bright market opportunities in the near future. For instance, in August 2021, Mamamade, a producer of infant and toddler meals, began distributing its simple toddler range of meals free of the top eight allergens, including milk, soy, and peanuts, through Gorillas, a quick, on-demand grocery delivery service. Mamamade meals are fully plant-based, made using 100% organic ingredients. Its products include Lentil Shepherd’s Pie, Kale Pesto Pasta, Lentil veggies bites, and Banana Oat Pancakes.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/food-intolerance-products-market-5310
Global Food Intolerance Products Market: Restraints
The outbreak of the Covid-19 pandemic had pose temporary challenges in terms of production and supply due to impose of lockdown and social-distancing norms worldwide. Thus, the outbreak of pandemic has negatively impacted market growth to some extent.
Global Food Intolerance Products Market - Impact of Coronavirus (Covid-19) Pandemic
The COVID-19 outbreak affected millions of people. The coronavirus outbreak had a profound influence on global public health and all stages of the supply and value chains of numerous businesses. According to Fortune.com, the coronavirus disrupted the operations of 94% of Fortune 1000 companies. The food and beverage business is one of the industries affected by the outbreak, which was declared a pandemic by the World Health Organization (WHO) on March 11, 2020.
Key Takeaways:
The global food intolerance products market was valued at US$ 17,722.98 Mn in 2021 and is forecast to reach a value of US$ 32,100.00 Mn by 2030 at a CAGR of 7.79% between 2022 and 2030.
Gluten-free Food segment held dominant position in the global food intolerance products market in 2021, accounting for 47.39% share in terms of value, increasing approval and launch of new products is expected to propel growth of the segment during the forecast period.
Global Food Intolerance Products Market Trends:
Key players are introducing gluten-free and grain-free flours and this is trend is continuous rise in the near future as well. Fruit flours, such as banana and apple flours, are emerging as new market trends. Moreover, Coffee flour and beet flour are also available in market today. Coffee flour is widely used in confectionery products, baking, ice cream, etc. whereas beet flour is used in preparing sauces, smoothies, and baked goods.
Growing trend of veganism is creating demand for vegan diet. This is anticipated to expand market size exponentially in the future. According to the Sainsbury’s Future of Food report, vegetarians and vegans will make up a quarter of the population by 2025. They reported a 24 per cent increase in customers searching for vegan products online and a 65 per cent increase in sales of plant-based products year-on-year.
Global Food Intolerance Products Market: Competitive Landscape
General Mills Inc., Conagra Brands Inc., Chobani LLC, Hain Celestial Group Inc., Danone SA, Amy's Kitchen Inc., Doves Farm Foods Ltd, Monde Nissin, Dr. Schär, Ecotone (Mrs Crimbles Ltd), and Arla Foods Amba
Global Food Intolerance Products Market: Recent Developments
- In January 2017, Hain Celestial introduced two new organic corn tortilla chips are available in Nacho flavor, featuring farmhouse cheddar and paprika, and ranch with hints of buttermilk, garlic and onion, according to the company. Both varieties are made with non-GMO ingredients, are gluten-free and have a PSP of USD 3.49 per five-ounce bag across the United States.
- In July 2019, The Danone North America under its brand So Delicious, introduced New Oatmilk Yogurt Alternatives, using gluten- free oats, along with live and active cultures.
- In February 2019, Danone North America, expanded its facility in DuBois, Pennsylvania, dedicated to dairy alternatives, to increase production of its plant-based foods, to meet the increasing consumer demand. Following the expansion, the facility produces Vega® yogurt alternatives, in addition to Silk® and So Delicious® Dairy-free yogurt alternatives.
