November 19, 2019 by Jason Lee
Facto Market Insights has carefully uploaded a smart research report titled Gluten-Free Pasta Market Growth Rate and Revenue Forecast 2018-2025, to its broad online database. The concerned market is discoursed based on a variety of market influential factors such as drivers, opportunities and restraints. This study tends to inform the readers about the current as well as future market scenarios extending up to the period until forecast period limit; 2025. The research study examines the Gluten-Free Pasta on the basis of a number of criteria, such as the product type, application, and its geographical presence.
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The global gluten-free pasta market was valued at $909.8 million in 2017 and is projected to reach $1,289.2 million by 2025, growing at a CAGR of 4.5% from 2018 to 2025. The rise in number of celiac disease patients and surge in food intolerant population are the two main factors that drive the growth of the global gluten-free pasta market in terms of value sales.
Celiac disease is an autoimmune disorder where the parts of the small intestine are damaged or destroyed by the immune system due to reaction from gluten ingestion. This affects the absorption of nutrients into the body and can lead to various associated illnesses including, but not limited to, malnutrition, osteoporosis, and anemia. According to Agriculture and Agri-Food Canada, around 3 million Americans suffer from celiac disease, and it is estimated that 40 million of the Americans are gluten-intolerant or sensitive. Thus, these consumers opt for gluten-free diet. They seek products that are gluten-free and are easy to consume. More than 80% of this population is not aware that they are suffering from celiac disease. There is growth in the availability of gluten-free products owing to the rise in number of celiac disease patients.
The Asia-Pacific market has been enduring with the new trends in the food & beverages segment over the past couple of years. Some of the Asian countries, such as China, India, and Japan are now gradually turning their preference toward western food products. Therefore, there has been an increase in the consumption rate of pastas in these regions. On the other hand, a major chunk of Asia-Pacific population especially the millennials has been adopting a healthier lifestyle. They are extremely diet conscious by carefully choosing between food products having low sugar and fat contents. Some of these customers even seek for products that are gluten-free. This provides immense opportunity for the growth of the gluten-free pasta market in terms of value sales during the forecast period.
KEY BENEFITS FOR STAKEHOLDERS
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Chapter: 1: INTRODUCTION
1.1. Report description
1.4.1. Primary Research
Chapter: 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
Chapter: 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2.1. Top investment pocket
3.3. Porter's five forces analysis
3.3.1. Bargaining power of suppliers
3.4. Top player positioning
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