North America Gluten Free Bakery Mixes Market size to exceed $ 255Mn by 2026
Published Date: August 26, 2020 Authors: Kunal Ahuja, Kritika Mamtani
North America Gluten Free Bakery Mixes Market size is set to surpass USD 255 million by 2026, according to a new research report by Global Market Insights, Inc.
Rising concerns about digestive and gastrointestinal problems caused due to gluten intolerance among patients is expected to augment the growth of the market in the coming years. Additionally, the increasing awareness among people regarding the need for a healthy consumption pattern is likely to further boost the market outlook.
Increasing consumption of sweet snack foods including cakes and muffins to foster the North American gluten free bakery mixes industry
The use of gluten free bakery mixes in sweet snacks foods such as cakes and muffins are increasing in the recent years owing to the increasing consumer preference towards consumption of healthy cakes and muffins without compromising on the sweetness and taste. The market size from gluten free cake is expected to surpass USD 40 million by 2026. Availability of different types of sweet snacks products such as cupcakes, frozen cakes, pastries, ice cream cakes, muffins etc. in the market is likely to attract customer attention. Additionally, increasing consumption of cakes and muffins by small children and young population is expected to propel the gluten free bakery mixes market demand. The increasing adoption of cakes is justified by the fact that cakes constitute nearly 23% of the overall bakery products in the United States.
Increasing number of bakeries producing different types of cakes coupled with the increasing trend of booking cakes through online coupons improves consumer shopping experience, which is likely to raise the demand for gluten free bakery mixes in cake and muffin applications in the years to come.
Browse key industry insights spread across 125 pages with 66 market data tables and 22 figures & charts from the report, “North America Gluten Free Bakery Mixes Market Statistics By Products (Bread, Pizza Bases, Cake, Hamburgers, Muffin), By Application (Restaurants, Households, Confectionery, Bakeries), By Distribution Channel (Grocery Stores, Convenience Stores, Supermarkets/Hypermarkets, Online Retail), Industry Analysis Report, Country Outlook, Application Development Potential, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
Increasing consumption of confectionary products such as candies and fudge may foster North America gluten free bakery mixes market trends
Consumption of confectionary products such as candies, fudge and other sweets is gaining traction, especially among small children and young population in the U.S. and Canada. Increasing prevalence of chronic diseases such as diabetes, blood pressure, heart problems and obesity among the young generation is driving their attention towards gluten free confectionary products since the past few years. According to the statistical data released by the National Confectioners Association, nearly 72% of the Americans believe that chocolates and candies are an important part of their emotional well-being.
Moreover, seasonal sharing of chocolates and candies on special occasions such as Christmas, New Year, Easter, marriages and birthdays is likely to raise the demand for gluten free bakery mixes in confectionary products.
Ingredient Innovation to trigger the demand for Gluten Free Bakery Mixes
Key players are focusing on ingredient innovation through extensive research and development activities. For instance, Artesa has launched a gluten free bakery mix which is able to produce consistent air cells, better crumb while preventing the collapse of the product structure and texture during baking and cooling. In November 2018, Veripan launched a breakthrough gluten free bakery mix, Panafree which helps in avoiding the dry and crumbly textures, poor mouth feels and off-flavor which is often experienced in baked products.
Major players are engaged in enhancing product portfolio & acquisitions to improve regional presence. The primary North America gluten free bakery mixes market players include General Mills,Lesaffre et Compagnie, Bakels Worldwide, Bob's Red Mill and Pamela's Products.