Gluten Replacer Market is forecasted to top a Valuation of US$ 1 Billion by 2033, Nutrient-dense Food Items to Fuel Demand: Fact.MR Report

Rising Demand for Allergen-free Food Options Driving up Sales of Gluten Replacers

/EIN News/ -- Rockville, June 08, 2023 (GLOBE NEWSWIRE) -- The recent research analysis by Fact.MR on the global market global gluten replacer provides a thorough overview of the industry’s product, end-user, and region categories. It also offers comprehensive details on important players and the crucial tactics they are turning to for gaining an upper hand over their competitors.

Fact.MR – A Market Research and Competitive Intelligence Provider: According to a new report by Fact.MR, Fact.MR, a market research and competitive intelligence provider, the global gluten replacer market is estimated to reach US$ 1 billion by the end of 2033, expanding at a CAGR of 6.7%.

The gluten replacer market refers to the industry segment that provides alternative ingredients or products that can replace or mimic the functionality of gluten in food and beverage applications. Gluten is a protein found in wheat, barley, and rye, and it provides elasticity and structure to baked goods.

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This market caters to both industrial and consumer markets. Food manufacturers, including bakeries, confectioneries, and processed food companies, use gluten replacers to produce gluten-free versions of their products. Consumers, on the other hand, may purchase gluten replacers to make gluten-free recipes at home or to modify existing recipes.

The market for gluten replacers is influenced by factors such as the high prevalence of celiac disease and gluten sensitivity, increasing consumer awareness of gluten-free diets, and the demand for healthier and allergen-free food options. Additionally, advancements in ingredient technology and research and development efforts contribute to the growth of this market.

Key Takeaways from Market Study 

• The global gluten replacer market is valued at US$ 523.24 million in 2023.
• Worldwide demand for gluten replacers is projected to increase at a CAGR of 6.7% over the forecast period (2023 to 2033).
• The global market is expected to reach US$ 1 billion by the end of 2033.
• Demand for gluten replacers in the United Kingdom is predicted to reach US$ 78.06 million by the end of 2033, increasing at a CAGR of 7.4% over the projected period.

“Increasing need for gluten-free products, driven by factors such as rising cases of celiac disease & gluten sensitivity and constantly evolving dietary choices, has led to the growth of the gluten replacer market in recent years,” says a Fact.MR analyst.

Market Competition

The gluten replacer market is extremely competitive with many domestic and international players vying for market dominance and big players making product innovation a key component of their overall business strategies. Distribution, marketing, and innovation are some of the main strategies used by the players. Most people prefer buying gluten-free goods from traditional supermarkets. This is due to elements including convenient store access and availability of a wide range of product classifications.

• Bob's Red Mill unveiled a brand-new assortment of oat crackers in April 2021. The company's whole grain oats are blended with almonds, the seeds of flax, brown rice, and quinoa to create the certified gluten-free crackers, which are plant-based and non-GMO Project validated.
  

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Key Companies Profiled

• Hugestone Enterprise Co., Ltd.
• Deosen
• CP Kelco (A Huber Company)
• Cargill, Incorporated
• Jungbunzlauer Suisse AG
• ADM
• Swastik Gum Industries
• Jianlong Biotechnology Co., Ltd.

Key Segments of Gluten Replacer Industry Research

• By Product Type:
  • Gums
    • Xanthan Gum
    • Guar Gum
  • Potato Starch
  • Corn
  • Rice
  • Almonds
• By Application:
  • Bakery Products
    • Bread & Buns
    • Cakes & Pastries
    • Cookies & Biscuits
  • Dairy Products
  • Meats
  • Snacks
  • Desserts & Ice Cream
  • Condiments & Dressings
• By Region:
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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What differences can the gluten replacer report make on the revenue impacts and strategies of businesses?

Fact.MR strives to provide comprehensive assessments of opportunities in various regions and technology segments. The study also offers an uncluttered data-driven insights into the growth avenues of the gluten replacer and all its segments. Some of the ways the study can make a discernible impact are by offering evidence-based perspectives on:

• Attractiveness quotient of emerging product/technology types in various products in the gluten replacer
• Micro-economics factors that may hamper the prospects of some of the key segments
• Recent spate of research and development (R&D) funding on key gluten replacers
• New business models paving way for disruptions in demand dynamic of key segments
• Regional markets that will be future engine of growth and the industry trends that will support these markets
  

More Valuable Insights on Offer 

Fact.MR, in its new offering, presents an unbiased analysis of the global gluten replacer market, presenting historical demand data from 2018 to 2022 and forecast statistics for 2023 to 2033.

The study divulges essential insights into the market based on product type (gums [xanthan gum, guar gum], potato starch, corn, rice, almonds) and application (bakery products [bread & buns, cakes & pastries, cookies & biscuits], dairy products, meats, snacks, desserts & ice cream, condiments & dressings), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).

Check out more related studies published by Fact.MR Research: 

Gluten-Free Bread Market Outlook: In 2022, the global gluten-free bread market accounts for a value of US$ 616.3 million and is projected to surpass US$ 1.5 billion with worldwide consumption of gluten-free bread anticipated to increase at an impressive CAGR of 9.3% between 2022 and 2032.

Gluten Substitute Market: Rising incidences of chronic diseases occurring due to lifestyle changes gives rise to the need for gluten substitute, thus bolstering the demand of gluten substitute.

Organic Gluten Substitutes Market: With the increasing demand for gluten-free products from millennials coupled with the changing taste preferences, the improvement in marketing activities and rising demand for organic gluten substitutes in snacks is fueling the growth of market worldwide.

Gluten-free Baking Mixes Market: Revenue from the global gluten-free baking mixes market is set to reach US$ 454 million in 2022, with the market predicted to expand at a high CAGR of 7.3% to reach US$ 923.2 million by 2032.

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