PUBLISHER: KBV Research | PRODUCT CODE: 1374078
PUBLISHER: KBV Research | PRODUCT CODE: 1374078
The North America Gluten Free Confectionary Market would witness market growth of 7.2% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 68,924.7 tonnes, showcasing a growth of 4.0% (2019-2022).
The increasing awareness of celiac disease, non-celiac gluten sensitivity, and the potential health risks linked to gluten consumption has ignited a significant shift in dietary preferences, driving a growing demand for gluten-free alternatives across various food categories, including confectionary. Celiac disease necessitates strict adherence to a gluten-free diet to avoid severe health complications. Additionally, non-celiac gluten sensitivity, a condition characterized by adverse reactions to gluten without the autoimmune response seen in celiac disease, has become better understood.
Consequently, individuals are now more informed about the importance of gluten-free diets in managing these conditions. This heightened awareness has prompted those with gluten-related health issues and health-conscious consumers to seek gluten-free options, spurring innovation in the confectionary industry. Manufacturers are developing gluten-free versions of popular sweets, ensuring that these products maintain the delicious taste and quality consumers expect while accommodating dietary restrictions and preferences. As a result, the market has experienced substantial growth, offering a wide array of delightful treats that cater to health-conscious consumers and those with specific dietary needs.
The market in North America boasts a diverse array of market participants, ranging from well-established industry giants to specialized niche brands. Major players like The Hershey Company and Mondelez International offer a variety of gluten-free chocolate products, providing familiar options for consumers. Additionally, Glutino, Tate's Bake Shop, Go Raw, MadeGood, Annie's Homegrown, and Alter Eco contribute to the market's diversity by offering various gluten-free snacks and sweets. UNREAL Candy, TCHO Chocolate, and other innovative brands focus on delivering gluten-free options with an emphasis on quality and ethical sourcing. Therefore, all these factors will boost the demand for gluten free confectioneries in the coming years.
The US market dominated the North America Gluten Free Confectionary Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,143.2 Million by 2030. The Canada market is experiencing a CAGR of 9.6% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 8.7% during (2023 - 2030).
Based on Product Type, the market is segmented into Gluten-free chocolates, Baking mixes, Gluten-free Cakes, Gluten-free Cookies, and Others. Based on Distribution Channel, the market is segmented into Supermarket/Hypermarket, Convenience Stores, Pharmaceutical & Drug Stores, Online Sales Channel, and Others. Based on Price Point, the market is segmented into Economy, Mid-Range, and Luxury. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Conagra Brands, Inc., Mondelez International, Inc., King Arthur Baking Company, Inc., Bob's Red Mill Natural Foods, Inc., Simple Mills, Inc., Hail Merry LLC, The GFB, SmartSweets Inc. (TPG Inc.), Quinoa Corporation (Ancient Harvest) and Unreal Brands Inc.
Market Segments covered in the Report:
By Product Type (Volume, Tonnes, USD Million, 2019-2030)
By Distribution Channel (Volume, Tonnes, USD Million, 2019-2030)
By Price Point (Volume, Tonnes, USD Million, 2019-2030)
By Country (Volume, Tonnes, USD Million, 2019-2030)
Companies Profiled
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