Gluten-Free Pasta Market Size, Share and Forecast - 3 minutes read
The global gluten-free pasta market size was valued at USD 6.78billionin 2022. The industry is expected to expand from USD 7.03billionin 2023 to USD 10.59billionby 2030, exhibiting a CAGR of 6.03% over the study period.
Gluten-free pasta is made using ingredients without gluten, such as chickpeas, lentils, corn, and others.
The market growth can be credited to the surging demand for healthier products coupled with changing consumer lifestyles. The demand for pasta products has bolstered due to the growing influence of Western culture in developing markets coupled with the growing and fast-paced lifestyle.
Information Source - https://www.fortunebusinessinsights.com/gluten-free-pasta-market-103271
Segmentation:
Multigrain Segment Registers Dominant Share Owing to Utilization in Production of Best Variety of Products
In terms of raw material, the market is divided into brown rice, multigrain, chickpeas, lentil, and others. The multigrain segment captures the dominant share owing to its deployment in the production of best variety products.
Enhanced Accessibility Provided by Supermarkets/Hypermarkets to Foster the Segment Growth
With respect to distribution channel, the market is classified into supermarkets/hypermarkets, convenience/grocery stores, specialty stores, and e-commerce. The supermarkets/hypermarkets segment is anticipated to register largest share during the forecast period. Supermarkets/hypermarkets offer enhanced accessibility and convenience in product selection from a diverse range of options.
From the regional perspective, the market is segmented into the Middle East & Africa, Europe, Asia Pacific, North America, and South America.
Report Coverage:
The market research report offers a comprehensive coverage of the strategic initiatives undertaken by prominent companies to boost their share. In addition, it provides an in-depth analysis of the latest trends, the impact of the COVID-19 pandemic on the market growth, and key industry developments. Besides this, the notable factors affecting the growth of the market have also been mentioned in the report.
Drivers and Restraints:
Surging Occurrenceand Awareness of Celiac Disease to Escalate the Market Growth
One of the major factors propelling the gluten-free pasta market growth is a rise in the incidence and awareness of celiac disease. Moreover, celiac disease is an autoimmune disease caused when one consumes food containing gluten, such as barley, wheat, and others creating substantial demand for gluten-free products, including pasta.
Despite such growth opportunities, issues while maintaining the texture and taste of gluten-free products may impede the market growth.
Regional Insights:
Europe Dominates Due to Reduction in the Demand for High Carbohydrate-based Food
Europe market for gluten-free pasta captures the largest share. The regional growth can be attributed to the recent surge in health-conscious behavior among people, which has led to a decline in the demand for high carbohydrate-based food products in recent years.
The Asia Pacific market is poised to emerge as the fastest-growing region during the forecast period owing to rapid expansion in the uptake of Western diets, which has increased the demand for products such as pasta in South Korea, Japan, China, India, and Southeast Asia nations.
Competitive Landscape:
Market Players Focus on Capacity Expansion Strategies to Strengthen Their Market Position
The Kraft Heinz Company, Jovial Foods, Banza LLC, and Barilla G.e.R.F.lli S.p.A. are some of the prominent companies and gluten-free pasta brands. Major players are focusing on various competitive strategies such as joint ventures, mergers & acquisitions, product innovations, and others to reinforce their industry position. Many companies are also emphasizing on capacity expansion strategies to enhance their production capabilities and capture the largest gluten-free pasta market share.
Key Industry Development:
February 2023 – Andriani SpA, a prominent pasta manufacturer of allergen-free and gluten-free product range based in Europe appointed London, Ont. for its North American manufacturing plant.
List of Key Players Mentioned in the Report:
- Barilla G. e R. F.lli S.p.A. (Italy)
- Jovial Foods Inc. (U.S.)
- Banza LLC (U.S.)
- Doves Farm Foods Ltd (U.K.)
- Quinoa Corporation (U.S.)
- Rummo S.p.A (China)
- The Kraft Heinz Company (U.S.)
- LE VENEZIANE SRL (Italy)
- ZENB (U.K.)
- Cappello's (U.S.)