Global Market for Gluten-Free Baked Products to Surpass $4 Billion by 2030
The market for gluten-free baked goods is quickly growing, giving retailers an idea of how to potentially expand private label assortments.
According to a report from Grand View Research, the global gluten-free bakery market size was valued at $1.64 billion in 2021, with gluten-free bread making up 36.3% of the market share. The market is expected to register a compound annual growth rate (CAGR) of 10.8% from 2022 to 2030, forecasted at a valuation of $4.15 billion in 2030.
Grand View Research credits the projected increase to a growing demand for healthy food products to prevent health problems. A recent report from the firm found that the market for vegan snack items is growing as well.
“Consumers spent more time at home during the pandemic, which increased customer interest in personal health and fitness management and boosted the sales of gluten-free bakery items, such as bread, cookies, and biscuits,” said the firm. “The significant number of cases of celiac diseases across the globe further contributes to the product demand.”
Outside of gluten-free bread, the biscuits & cookies segment is estimated to register the second-fastest CAGR during the forecast period, as consumers look for healthier alternatives for snacks and dessert options.
“Furthermore, busy lifestyles and increased health & wellness concerns are expected to fuel healthy snacking habits and accelerate industry growth over the next decade,” said Grand View Research in the report. “The rising demand for healthy cookies among children further contributes to the segment growth. Significant growth in the food processing industry further creates ample opportunities for segment growth.”
The full report can be found here.