Gluten-Free Baking Mixes Market Size Worth $698.2 Million By 2028: Grand View Research, Inc.

SAN FRANCISCO, Jun 1, 2021 /PRNewswire/ -- The global gluten-free baking mixes market size is anticipated to reach USD 698.2 million by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.5% from 2021 to 2028. The increasing prevalence of gluten sensitivity, food allergies, and other disorders are driving the demand for gluten-free products, including baking mixes.

Key suggestions from the report:

• In terms of product, the cookies segment accounted for the highest revenue share of more than 32% in 2020
• The growth of the segment can be attributed to the rising demand for cookies
• Asia Pacific is projected to ascend at the fastest CAGR from 2021 to 2028 due to the rising consumption of healthy food items
• The launch of new products on e-commerce platforms, such as eBay and Amazon, emerged as the key strategy deployed by the majority of market players to stay abreast of the competition
• The grocery stores segment accounted for the largest revenue share in 2020 and will expand further at a steady CAGR from 2021 to 2028
• The presence of numerous grocery stores across all big and small economies is driving the product demand through this channel

Read 96 page research report with ToC on "Gluten-free Baking Mixes Market Size, Share & Trends Analysis Report By Product (Cakes & Pastries, Cookies), By Distribution Channel (Grocery Stores, Club Stores), By Region (North America, APAC), And Segment Forecasts, 2021 - 2028" at: https://www.grandviewresearch.com/industry-analysis/gluten-free-baking-mixes-market

In terms of product, the cookies segment dominated the market and accounted for a significant share of global revenue in 2020. This growth is attributed to the high demand for flavored cookies in countries, such as the U.S., Germany, China, Japan, and the U.K. Market players are capitalizing on the popularity of new flavors in cookies by launching variants, such as Oreo and red velvet, in innovative packaging. Moreover, cookies are popular snacks among people of all age groups.

In terms of distribution channels, grocery stores emerged as the largest segment in 2020 due to a high number of grocery stores worldwide. With rising income levels and rapid urbanization, modern supermarkets have emerged across all big and small economies. These stores offer extensive product variety, discounts, and even change their layouts to appeal to new consumers and maintain their market share.

Asia Pacific is anticipated to emerge as the most lucrative regional market in the foreseeable future due to the rising demand for healthy food items and the increasing adoption of a healthy lifestyle among consumers in China, Australia, Japan, and India. The rising consumer awareness about the consequences of gluten consumption will also boost the demand for gluten-free baking mixes in the region. The industry is highly competitive when it comes to product variation and pricing. Prominent market participants are focusing on product innovation to attract more consumers.

Grand View Research has segmented the global gluten-free baking mixes market on the basis of product, distribution channel, and region:

• Gluten-free Baking Mixes Product Outlook (Revenue, USD Million, 2016 - 2028)
• Cookies
• Cakes & Pastries
• Bread
• Pizza
• Others
• Gluten-free Baking Mixes Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)
• Grocery Stores
• Mass Merchandiser
• Independent Natural or Health Food Store
• Club Stores
• Drug Stores
• Others
• Gluten-free Baking Mixes Regional Outlook (Revenue, USD Million, 2016 - 2028)
• North America
• U.S.
• Canada
• Mexico
• Europe
• U.K.
• Germany
• France
• Italy
• Asia Pacific
• Australia
• China
• India
• New Zealand
• Central & South America
• Brazil
• Middle East & Africa
• South Africa
• List of Key Players of Gluten-free Baking Mixes Market
• General Mills, Inc.
• Conagra Brands, Inc.
• Kinnikinnick Foods, Inc.
• Williams-Sonoma, Inc.
• Continental Mills, Inc.
• Partake Foods
• Chebe
• Naturpro
• King Arthur Baking Company, Inc.
• SalDoce Fine Foods

Find more research reports on Consumer F&B Industry, by Grand View Research:

• Gluten-free Pizza Crust Market–The global gluten-free pizza crust market size was valued at USD 2.0 billion in 2018 and is anticipated to expand at a CAGR of 6.5% over the forecast period.
• Gluten-Free Products Market–The global gluten-free products market size was estimated at USD 21.61 billion in 2019 and is expected to expand at a CAGR of 9.2% during the forecast period of 2020 to 2027.
• Gluten-free Bakery Premixes Market–The global gluten-free bakery premixes market size was valued at USD 342.20 million in 2018 and is expected to expand at a CAGR of 8.24% over the forecast period.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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