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North America Gluten Free Bakery Mixes Market Size

Report ID: GMI4800
Published Date: Aug 2020
Report Format: PDF

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North America Gluten Free Bakery Mixes Market Size

North America Gluten Free Bakery Mixes Market size exceeded USD 130.86 million in 2019 and is estimated to grow at over 10.3% CAGR between 2020 and 2026. The industry should witness significant gains owing to increasing prevalence of celiac disease and gluten intolerance in the region.

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Gluten free bakery products are ideal for people suffering from celiac disease or gluten intolerance. There have been increasing cases of celiac disease in the U.S. since the past few years which results in symptoms such as abdominal pain, anemia, bloating, bone or joint pain, constipation, diarrhea, etc. The increasing instances of celiac disease is shifting the attention of consumers towards gluten free bakery mixes.

North America Gluten Free Bakery Mixes Market Report Attributes
Report Attribute	Details
Base Year:	2019
North America Gluten Free Bakery Mixes Market Size in 2019:	130.86 Million (USD)
Forecast Period:	2020 to 2026
Forecast Period 2020 to 2026 CAGR:	10.3%
Historical Data for:	2015 to 2019
No. of Pages:	125
Tables, Charts & Figures:	88
Segments covered:	Product, Application and Distribution Channel
Growth Drivers:	Increasing prevalence of celiac disease and gluten intolerance Increasing occurrence of chronic health disorders such as diabetes, blood pressure, heart problems and obesity Increasing consumer preference towards consumption of healthy bakery products
Pitfalls & Challenges:	Higher price as compared to its gluten-containing counterparts Lower nutrition to people not suffering from gluten intolerance symptoms

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The fast-changing consumer lifestyle coupled with increasing consumer preference towards consumption of more healthy bakery products is likely to drive the North America gluten free bakery mixes market statistics.

The increasing prevalence of chronic health disorders such as diabetes, blood pressure, heart problems and obesity are expected to compel people to shift their focus towards the consumption of healthier bakery products which are gluten free in upcoming years. According to The National Health Council, more than 75% of all healthcare costs in the U.S. are due to chronic conditions, with almost a third of the total U.S. population living with multiple chronic conditions. The occurrence of multiple chronic conditions in the U.S. is compelling consumers to opt for healthy diet, which is likely to transform the industry outlook.

Gluten free bread mixes are relatively expensive as compared to their gluten-containing counterparts, which may reduce its level of acceptance among consumers to some extent during the forecast period. Furthermore, gluten free bread mixes may provide lower nutrition value to people not suffering from gluten intolerance, which may reduce the demand for gluten free bakery mixes to some extent in the coming years.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

Increased bread sales will contribute toward industry growth since bread is the most commonly consumed product in the region. Bread segment may register 10% CAGR through 2026.

The customer-friendly nature of local convenience stores and ease of purchase will push the demand for these stores as a major distribution channel for gluten free bakery mixes in North America.

Bakeries segment, with an anticipated 9.2% CAGR through 2026, may majorly push industry growth, given the rising number of bakeries in the region, especially in the U.S. The U.S. bakery industry comprises almost 3,000 commercial bakeries and 6,000 retail bakeries.

The U.S. bakery industry is quite fragmented and is inclusive of numerous small bakery retailers. However, Flowers Foods, Campbell Soup Co., and Grupo Bimbo hold almost 55% of the commercial bakery revenue.