During the projected period of 2020 to 2030, the free-from foods market is expected to grow at a CAGR of roughly 6%. Sales of Free from Foods Market is predicted to witness a little decline in 2020. Stockpiling has resulted in a significant boost in sales in the second quarter of 2020. Due to the COVID-19 pandemic, production facilities will be shut down and lockdowns will impair free-from food production in the second half of 2020.
Food allergies are a major public health concern, according to the Centers for Disease Control and Prevention (CDC), affecting over 6% of children in the United States alone. The lack of effective therapy for food allergies and intolerance has aided the adoption of free-from foods by customers all over the world. However, companies in the free from food business must continue to address sustainable sourcing of free-from components as well as effective processing technology.
Free-from Foods Market: Segmentation
According to Fact.MR’s research, the free-from foods market is segmented by product, nature, sales channel, and region.
- Cereals & Grains
- Edible Oil
- Meat & Poultry
- Packaged Food
- Sugar-free Beverages
- Sugar-free Dairy Products
- Sugar-free Confectionery
- Sugar-free Ice Cream
- Sugar-free Bakery Products
- Soy-based Dairy-free Products
- Almond-based Dairy-free Products
- Oat-based Dairy-free Products
- Hemp-based Dairy-free Products
- Coconut-based Dairy-free Products
- Rice-based Dairy-free Products
- Gluten-free Bakery Products
- Gluten-free Pasta
- Gluten-free Baby Food
- Gluten-free Ready Meals
- Textured Vegetable Protein
- Other Meat-free products
- Condensed Milk
- Milk Powder
- Ice Cream
- Infant Formula
- Processed Milk Products
- Artificial Ingredient-free Food
Free from Foods Market: Competitive Landscape
The free-from foods business is highly fragmented, with the top three companies accounting for only one-third of total revenue. Due to considerable investments by top companies to expand their product portfolio and market penetration, the market is likely to consolidate at a moderate pace.
Companies have been boosting their R&D investments in order to shift their existing product ranges to allergen-free ingredients. They’ve also been investing in collaborations with third-party merchants to expand their reach.
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