PORTLAND, Oregon, April 13, 2016 /PRNewswire/ --
According to a new report published by Allied Market Research, titled, "World Food Intolerance Products Market - Opportunities and Forecasts, 2015-2022", the market is poised to reach $13.9 billion by 2022 with a CAGR of 6.9% during 2016 and 2022. The increase in count of celiac patients and health conscious consumers propels the growth of food intolerance products market. Lactose-free and diabetic food products segment accounted for over half of the global food intolerance market in 2015.
To know more about the report, visit the website at https://www.alliedmarketresearch.com/food-intolerance-products-market
Major market drivers include, the rise in prevalence of food intolerance accompanied by increasing popularity of specialty well-being food products, resulting in constant sales growth for food intolerance products. Majority consumers choose food intolerance products over their alternatives to avoid consumption of food ingredients that are perceived to have negative impacts on the health even without being diagnosed with intolerance. With growing celiac and crohn's diseases and consumer health consciousness, the demand for food intolerance products has grown considerably. This rising trend in gluten-free products is majorly fuelled by celiac diagnosed patients, improved government (labelling) regulations, and innovative new product launches. However, the high cost of gluten-free products and lack of awareness on food intolerance products restrict the growth of world food intolerance products market.
Lactose-free food products and gluten-free food products segment held a prominent position with major revenue share and is projected to continue its dominance during the forecast period. Lactose-free dairy products and gluten-free bakery products are the major revenue generating subsegments in respective sectors.
Key findings of the study:
Gluten-free baby food products are projected to be the fastest growing segment in world gluten-free food products market registering a CAGR of 8.8% during the forecast period.
Lactose-free dairy products held around two-thirds market share in the world lactose-free food market in 2015.
North America is projected to occupy the highest market share with a CAGR of 5.3% during analysis period.
The U.S. would continue to lead the North America food intolerance products market with a CAGR of 5.1% during the forecast period.
Germany held largest market shares in the European region in 2015, whereas Poland intends to grow in the future with the highest CAGR of 9.6% during the forecast period.
North America accounted for more than half of the world food intolerance products market in 2015 and is expected to maintain this lead position throughout the forecast period. This was due to increased diagnosed individuals of celiac disease and the rising diabetic patients, owing to which consumers have increased the consumption of gluten-free and diabetic food products, thereby increasing the demand for the food intolerance. However, Europe is projected to be the fastest growing segment during the forecast period, due to increasing awareness regarding food intolerance and improves government regulation with regards to food labelling.
The key players profiled in the world food intolerance products market include, Nestle S.A., General Mills, Inc., Abbott Laboratories, Kraft Heinz Company, Dr. Schär AG / SPA, Mead Johnson Nutrition Company, Danone S.A., Fifty 50 Foods Corporation, Boulder Brands, Inc., and Kellogg Company.
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World Diabetic Food Market - Diabetic Food products are dietary products that include reduced carbohydrate and sugar contents that help in controlling the rise of the blood glucose. Diabetic Food also contains low calorie sweeteners, diet beverages, etc. These products are consumed by diabetic people as well as by the people who are not diabetic as precautionary measure to prevent diabetes.
To know more about the diabetic food market report, visit the website https://www.alliedmarketresearch.com/diabetic-food-market
World Low Calorie Food Market - Low calorie food is a major growing segment in health food market. The increasing health concerns and changing lifestyle is pushing this market segment upwards. Low calorie food is beneficial for many health issues and so people are demanding more of such food products. The global healthy food market is the parent market for low calorie food and it is expected to reach $1 trillion by 2017.
To know more about the low calorie food market report, visit the website https://www.alliedmarketresearch.com/low-calorie-food-market
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SOURCE Allied Market Research