The free-from foods market is estimated to expand at a CAGR of nearly 6% during the forecast period of 2020 to 2030. The market is expected to experience a slight dip during 2020 in terms of sales. High stockpiling has led to substantial increase in sales during the 2nd quarter of 2020. Shutting down of production facilities and lockdowns due to the COVID-19 pandemic are expected to affect the production for free-from foods during the latter half of 2020.
According to the Center for Disease Control and Prevention (CDC), food allergies are a growing public health concern, which affect nearly 6% children in the US alone. Absence of effective treatment for food allergies and intolerance has been complementing the adoption of free-from food among consumers worldwide. However, sustainable sourcing of free-from ingredients, and effective processing technologies, continue to remain key concerns to be addressed by players in the free from food market.
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Modern-Trade Accounts for Largest Share of Free-From Food Sales
Attractive product display and wider availability of options to choose from are key offerings of modern trade channels, which has led its popularity as a lucrative sales channel for food & beverages, and free-from food is no exception. According to the report, free-from food sales through modern trade are expected to surpass revenue worth US$ 22 Bn in 2019. The convenience of access to a large variety under one roof is another aspect attracting consumer attention toward these stores for purchasing goods, which have been complementing sales of free-from food in modern trade. The report states that growing visibility of multinational grocery stores, particularly in emerging countries, has further been a key sales influencer of free-from food via modern trade.
Competitive landscape:
The free-from foods market is fragmented in nature, with the top players accounting for only one-third of the revenue share. The market is expected to head towards consolidation at a gradual pace, owing to significant investments by top players to increase their product portfolio and penetration in the market.
Companies have been increasingly investing in research & development to turn their existing product portfolios towards allergen-free ingredients. They have also been increasing their penetration with investments in collaborations with third-party retailers.
Free-from Foods Market: Segmentation
FactMR’s study has done the segmentation of the free-from foods market on the basis of product, nature, sales channel, and region.
- By Product :
- GMO-free
- Cereals & Grains
- Edible Oil
- Meat & Poultry
- Bakery
- Packaged Food
- Others
- Sugar-free
- Sugar-free Beverages
- Sugar-free Dairy Products
- Sugar-free Confectionery
- Sugar-free Ice Cream
- Sugar-free Bakery Products
- Dairy-free
- 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
- Others
- Gluten-free
- Gluten-free Bakery Products
- Gluten-free Pasta
- Gluten-free Baby Food
- Gluten-free Ready Meals
- Meat-free
- Textured Vegetable Protein
- Tofu
- Tempeh
- Seitan
- Natto
- Other Meat-free products
- Lactose-free
- Milk
- Condensed Milk
- Milk Powder
- Yoghurt
- Ice Cream
- Deserts
- Butter/Cheese
- Infant Formula
- Processed Milk Products
- Artificial Ingredient-free Food
- By Nature :
- Organic
- Conventional
- By Sales Channel :
- Direct Sales
- Hypermarkets/Supermarkets
- Specialty Stores
- Convenience Stores
- Online Retail
- Others
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
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How will be insights and market estimations provided in the Fact.MR report on the Demand of Free-from Foods make a difference?
- The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions
- The assessment of key growth dynamics highlights the attractiveness of new automation technologies and offers readers insight on the prospect of these during the forecast period
- The study tries to offer a balance perspective of the opportunities in mature and the most lackluster markets
- Provides scrutiny of the industry trends that have shaped recent government policies
- Provides an account of major breakthroughs in all segments that might change the course of the market considerably
- Provides an incisive analysis of socio-political milieu in which the key markets operate, and how will that influence the lucrativeness of the overall Free-from Foods Market
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