137  0 Kommentare Rising Consumer Demand for Allergen & Gluten Free Foods Thriving Along with Revenue Projections

FinancialNewsMedia.com News Commentary

Palm Beach, Fla., Jan. 4, 2023 /PRNewswire/ -- The outbreak of the COVID-19 pandemic has considerably affected the global economy and Industries in many ways. The socioeconomic situation due to the pandemic led to changes in the food consumption pattern of consumers as well. Restrictions in public mobility and governments' lockdown forced people to stay at home. This factor led to an increase in snacking trends among consumers. However, their growing health consciousness spiked the demand for guilt-free snacks. Sales of food products with "free-from" claims increased as they replaced meals with snacking options. According to a survey by Mondelez International in 2020, nearly 64% of the consumers in the U.S. preferred consuming snacks as nourishment food while 56% of them seek healthful snacking options. Furthermore, the snacking trend has grown widely popular, especially among the millennials, as they seek for convenient, safe, and nutritionally-enriched products, which positively aids in driving the gluten-free products market. A report from Fortune Business Insights projected that the global gluten free food market size is projected to grow from USD 5.72 billion in 2021 to USD 9.99 billion in 2028 at a CAGR of 8.29% during the 2021-2028 period. The report said: "Gluten-free food is primarily designed for people who have celiac disease and gluten allergies, as consuming gluten can lead to several damages, such as swelling in the intestine. However, its popularity is significantly rising even among people not suffering from gluten allergies due to the health benefits offered by gluten-free diet. It is mostly found in baked items, as it gives texture and shape to the products, but the protein offers no nutritional benefit. Hence, consumers are looking to avoid gluten in their diets as it helps in promoting healthy weight loss, improves digestion, and increases energy. Additionally, increasing consumer demand for functional foods and rising product innovation in "free-from" food segments are projected to fuel the gluten free food market growth over the forecast period."  Active companies in the markets this week include The Good Flour Corp. (OTCQB: GFCOF) (CSE: GFCO), Oatly Group AB (NASDAQ: OTLY), The Hain Celestial Group, Inc. (NASDAQ: HAIN), Ingredion Incorporated (NYSE: INGR), Sprouts Farmers Market, Inc. (NASDAQ: SFM).