Free-From Food Market
According to a new report published by Allied Market Research titled, “Free From Food Market by Type and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026,” the global free from food market size was valued at $90.1 billion in 2018, and is expected to reach $161.2 billion by 2026, growing at a CAGR of 7.7% from 2019 to 2026. In 2018, North America accounted for nearly 43.8% market share.
𝐈𝐭𝐒𝐀 https://www.alliedmarketresearch.com/request-sample/6372
The growth in the sales value of free from ingredients is due to the increase in demand for a variety of free from food products, which facilitates better taste. Thus, the increase in customers’ willingness for a variety of natural flavors in food and beverages is expected to fuel the demand for free from the food market.
Growing consumer preference for organic, natural, and healthy foods is driven by increasing health awareness. Factors such as increasing disposable income, improved living standards, and higher health expenditures, along with the widespread promotion of organic food, are contributing to the expansion of the free-from food market. Gluten-free products are important for addressing the symptoms of celiac disease and other gluten-related conditions. They are also favored by individuals seeking health benefits such as improved well-being, weight management, and boosted energy levels, even if they do not have a diagnosed gluten sensitivity.
𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫KEY 𝐿𝐮𝐫𝐜𝐡𝐬𝐬KEY: https://www.alliedmarketresearch.com/purchase-enquiry/6372
Drivers of Growth
The increase in demand for free from food products is related to consumers looking for better taste, along with increasing health awareness. Factors such as disposable income, improved living standards, and a preference for organic and natural foods are driving this trend. Additionally, gluten-free products are in demand not only for medical reasons but also for perceived health benefits such as weight loss and increased energy.
Free from food products have further witnessed higher penetration rates in North America and Europe. However, low availability has been observed in some key parts of Asia-Pacific and LAMEA, which is related to the low performance of macro-economic factors such as low internet penetration and weak marketing strategies of manufacturers. Thus, lower penetration of such products is limiting the growth of the market.
An increase has been witnessed in the number of users on various social media sites with the increase in internet penetration. Considering this, most of the major players in the market have strategized the promotion of their products on these social media platforms. So, free from food market analysis through social media marketing strategy, the market sees a critical opportunity in gaining traction.
By Type
• No milk
• No sugar
• No carbs
• Lactose free
• Artificial Food without ingredients
• Others
By Distribution Channel
• Supermarkets and Hypermarkets
• Specialty Stores
• Online retail stores
• Others
⠀⠀ https://www.alliedmarketresearch.com/checkout-final/6842fd634febfdd507c2eef4a49fc975
𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐭𝐮𝐝𝐲
• Depending on type, the sugar-free segment captured 30.0% free from food market share in 2018, and is expected to grow at a CAGR of 7.0% from 2019 to 2026.
• The artificial ingredient-free food segment is valued at $12.8 billion, and is expected to reach $20.3 billion by 2026, registering a CAGR of 6.1 %.
• In 2018, by distribution channel, the dairy and frozen dessert segment accounted for 58.3% market share, and is expected to grow at a CAGR of 6.9%.
• The online retail stores segment is valued at $7.8 billion, and is expected to reach $18.1 billion by 2026, registering the highest CAGR of 11.3%.
• Region-wise, North America gained a prominent market share in 2018, and is expected to grow at a CAGR of 7.2% throughout the forecast period in the food market.
𝐓𝐡𝐚 𝐤KEY🐾
• The Kraft Heinz Company
• The Hain Celestial Group, Inc.
• Cargill Inc.
• Corbion Inc.
• Kerry Group PLC
• Ingredion Incorporated
• Chr. Hansen A/S
• Dupont
• Kellogg Company
• General Mills, Inc.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to help its clients make strategic business decisions and achieve sustainable growth in their respective market domains.
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