The global revenue pool of gluten-free bakery premix market will expand nearly 1.7x during the forecast period, 2019-2029, exhibiting a healthy CAGR. Consumers' inclination towards gluten-free consumables is a primary value driver, whilst notable upheaval in international travel & tourism, especially in Asia Pacific (APAC) would reflect potential growth avenues.
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"Gluten-free products have excellent nutritional profile, are highly digestible, and boost the immune system. Autoimmune diseases such as celiac disorders adversely harm the small intestine. About 8% of consumers in the US are reported to have the disorder, accentuating the need to improve dietary regimes. This accelerating shift towards healthy diets is working well for gluten-free bakery premix market," reveals FMI report.
Gluten-free Bakery Premix Market - Key Takeaways
Breads and cakes continue to see higher consumption rate.
Manufacturers are targeting direct sales through supermarkets to drive value creation.
Owing to upsurge in travel & tourism, bakeries would account for leading share in total adoption.
Consumption of gluten-free bakery premixes will remain significant in Europe.
Gluten-free Bakery Premix Market - Key Driving Factors
Increasing caseloads of celiac diseases to bolster the adoption of gluten-free bakery premixes.
Rising shift towards gluten-free consumables to garner huge attention of market players.
Government-backed awareness regarding side effects of gluten-based products to favor market progress.
Upswing in international tourism to offer lucrative prospects to manufacturers.
Gluten-free Bakery Premix Market - Key Restraints
High costs of gluten-free products is likely to pose impediment to revenue growth.
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Competition Landscape of Gluten-free Bakery Premix Market
Players in gluten-free bakery premix market are making investments in research and development to satiate the ever-changing behavioral dynamics of consumers. Leading manufacturers in gluten-free bakery premix market include Myosyn Industries Pty Ltd, Melinda's Gluten-Free Goodies, Choices Gluten Free, Lesaffre et Compagnie, SA, Caremoli SPA, Bakels Group, Theodor Rietmann GmbH, Watson, Inc., and Naturally Organic.
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Name: Abhishek Budholiya
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Organization: Future Market Insights
Release ID: 89003882