Cibi e Bevande
Gluten-Free Baking Mixes Market Size Worth $698.2 Million By 2028: Grand View Research, Inc.
https://www.grandviewresearch.com/industry-analysis/gluten-free-baking-mixes-market
In terms of product, the cookies segment dominated the market and accounted for a significant share of global revenue in 2020. This growth is attributed to the high demand for flavored cookies in countries, such as the U.S., Germany , China , Japan , and the U.K. Market players are capitalizing on the popularity of new flavors in cookies by launching variants, such as Oreo and red velvet, in innovative packaging. Moreover, cookies are popular snacks among people of all age groups.
In terms of distribution channels, grocery stores emerged as the largest segment in 2020 due to a high number of grocery stores worldwide. With rising income levels and rapid urbanization, modern supermarkets have emerged across all big and small economies. These stores offer extensive product variety, discounts, and even change their layouts to appeal to new consumers and maintain their market share.
Asia Pacific is anticipated to emerge as the most lucrative regional market in the foreseeable future due to the rising demand for healthy food items and the increasing adoption of a healthy lifestyle among consumers in China , Australia , Japan , and India . The rising consumer awareness about the consequences of gluten consumption will also boost the demand for gluten-free baking mixes in the region. The industry is highly competitive when it comes to product variation and pricing. Prominent market participants are focusing on product innovation to attract more consumers
Consumer F&B Industry
Grand View Compass
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco , the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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