Food Intolerance Products Market Overview
Food Intolerance Products Market size is estimated to reach $10.80 Bn by 2025 and is poised to grow at a CAGR of 7.44% during the forecast period 2020-2025. Food intolerance is a difficulty in digesting certain foods and it’s an unpleasant physical reaction to them. Food intolerance occurs when the digestive system is unable to completely break down food into smaller components owing to an insufficient number of enzymes produced. Food intolerance causes symptoms such as stomach pain, bloating, headache, nausea, diarrhea, runny nose, rash and itching that usually appear a few hours after eating. The market for food intolerance products is set to grow mainly owing to an increase in cases of celiac disease and Crohn’s disease and awareness among health-conscious consumers. The increasing demand for gluten-free food products is estimated to boost the market growth. Food manufacturers currently focusing on developing and offering innovative, healthy, and gluten-free products across the globe, which is projected to fuel the growth of the Global Food Intolerance Products Market over the forecast years 2020-2025.
Geographically, the North America is poised to see extraordinary development owing to the rising incidences of celiac diseases and diabetics in the region and is set to continue during forecast period 2020-2025.
The global demand for the Food Intolerance Products Market is owing to rise in the number of food allergies across the globe among the consumers around the globe.
The lack of essential nutrients in the glute-free diets is estimated to restrain the market growth during the forecast period 2020-2025.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Food Intolerance Products Market report.
Food Intolerance Products Market Segment Analysis – By Type
The global Food Intolerance Products Market based on Mode of Type, can be further segmented into Diabetic Food, Lactose-free food, Gluten-free food, and others. Organic segment registered for the highest revenue in 2019 and is estimated to grow at highest CAGR over the forecast years 2020-2025. This is owing to the increasing prevalence of lactose intolerance across the world. However, diabetic food segment is set to grow with a fastest CAGR during the forecast period 2020-2025. This is owing to the great change in food trends, which tends towards healthy and low-sugar variables, and an increase in the number of diabetics, across the world.
Food Intolerance Products Market Segment Analysis – By Distribution Channel
The global Food Intolerance Products Market based on Mode of Distribution Channel, can be further segmented into Offline and Online. Merchandising and ease of availability in supermarkets and other retail stores along with offers like bulk discounts are the reasons, which helped the offline segment to register highest growth in 2019. Online segment is set to be the fastest growing with a CAGR of 8.3% during the forecast period 2020-2025. This shift is owing to the change in buying behavior of consumers and the door-to-door delivery of online retailers by serving even in remote parts of the cities.
Food Intolerance Products Market Segment Analysis – By Geography
The global Food Intolerance Products Market based on Geography, can be further segmented into North America, Asia-Pacific, Europe, and Rest of World. North America region has registered highest revenue share of 38.9% in 2019. This is owing to the rising incidences of celiac diseases and diabetics in the region. However, Europe is estimated to outpace all the regions by clocking the highest CAGR during the forecast period 2020-2025 owing to the rising incidences of lactose intolerance in the region, which increases the demand for food intolerance products.
Food Intolerance Products Market Drivers
Rise in Demand
The global Food Intolerance Products Market is driven by the rising awareness of healthy lifestyle along with the increasing disposable income among the consumers around the globe. The increasing health issues such as diabetes, celiac diseases among the consumers are encouraging them to shift towards healthy diet patterns, which in turn, boost the demand for gluten-free, lactose-free, and diabetic foods. Moreover, the alarming rise in the number of food allergies across the globe is projected to fuel the growth of the Global Food Intolerance Products Market over the forecast years 2020-2025.
Challenges – Food Intolerance Products Market
High cost of gluten-free products
Food intolerance products lack adequate dietary fibre, which leads to constipation and other diseases of the digestive system, which is one of the restraint factors in the Food Intolerance Products Market. However, the premium pricing for gluten-free products and low awareness of food intolerances are acting as a major challenge for the growth of the Food Intolerance Products Market during the forecast period 2020-2025.
Food Intolerance Products Market Industry outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Food Intolerance Products Market. Key companies of this market Nestle S.A., General Mills, Inc., Abbott Laboratories, Dr. Schr Ag, Danone SA, Kellogg Co, Alpro Uk Ltd, Pamela’s Products, Conagra Brands, Fifty 50 Foods, And Daiya.
In January 2020, Gardein, a brand of Conagra Brands Inc launched the new Ultimate Plant-Based Burger, which is long known for its exceptional taste. Gardein’s new plant-based burger looks, cooks and smells like real meat for a satisfying burger experience with no sacrifices.
In September 2019, Nestle Health Science, a business unit of Nestle S.A., has taken a minority stake in Before Brands, a manufacturer of the products, which has sold under the SpoonfulOne brand and designed to prevent food allergies.