Market Review:
The compound rate of Allergen-Free Food Product Market estimates to reach 8.9% CGAR at USD 108.3 billion by the forecast period, i.e., between 2022-2030.
Allergen Free Products helps prevent an individual from various allergies caused by food products. People with allergic food conditions, diabetes, celiac disease, lactose intolerance consume these products. Also, many other groups started consuming Allergen-free food products as a part healthy living process. There are beliefs the consumption of allergen-free products led a positive impact on the well-being and weight management of the public. These factors increase the demand for Allergen free products. Also, following many food allergies, sometimes it becomes very difficult to find the exact replacement for your food product.
Additionally, with the rise in demand for gluten-free products, the need for allergen-free products has also increased. On the other hand, the growing lactose intolerance cases also fuel the demand for Allergen-free food products. Reports say that developing countries have more celiac and lactose intolerance cases. Hence, the higher the demand, the greater the growth of the Allergen-free product market.
The Allergen-free food product does not contain any chemical modifier or artificial ingredients, which increases consumers’ preference towards its products. Although, the change in consumer preferences pushes the manufacturers to enhance their innovation process with the help of the latest technologies. Although, growing awareness and health benefits of allergen-free food dominate the market at large. Hence, raising awareness, healthy lifestyle, and technological advancements contribute to the growth of the Allergen free product market.
Although, The Allergen-Free product market witnessed a decline in its graph following the CoViD-19 outbreak that occurred in 2020. Many countries had forced shutdowns because transportation was restricted across the globe. Likewise, the global restriction disrupted Allergen’s free product market to ship their products across various borders.
As of now, the post lockdown period has lifted some restrictions. The Allergen-free industry is expected to stand in pre lockdown levels.
Competitive Landscape Analysis
The global Allergen-Free Food Product Market Insights has different key players across the world. The top-level key players are:
Danone SA (France), General Mills (U.S.), Abbott Laboratories (U.S.), Nestle (Switzerland), Kellogg Co. (U.S.), Boulder Brands, Inc. (U.S.), Kraft Heinz Company (U.S.), Mead Johnson Nutrition Company (U.S.)
These top-level key players take care of food safety and hygiene and promote allergen free food products across the regions. Moreover, these key players are very much aware of the benefits of allergen free food products, which is helping them to increase the demand of the allergen free food products market suppliers.
Market Segmentation:
The Allergen-free food product segmentation classifies globally based on its type, packaging material and distribution channel.
The type consists of lactose-free, glutton-free, diabetes food, etc. Out of these, lactose-free is heading the market growth. After that, the glutton free market is in the next row to dominate the market growth.
Market segmentation for packaging material comprises glass, paper, metal, plastic and others.
Distribution channels for allergen-free food are divided between two segments- store-based distribution channel and non-store-based distribution channel. Among the two, the store base channel is more likely to contribute to the market growth because of its easy availability of food products.
Regional Classification:
The regional classification of the Allergen-Free Food Product Market Outlook divides into Europe, North America, Asia Pacific and the rest corners of the world. Among these, North America is driving the growth of the Allergen-free market because of its increasing lactose intolerance and diabetes cases.
Following the same, Europe is at the second position, the Asia Pacific at third and the other regions.
Industry news:
The increasing popularity of Allergen-free food products expects to rise in the forecast period. Although its benefits, technological advancements, rising demand will uplift the market growth by 2030.
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