The latest intelligence report published by Report Ocean, titled “Global “Food Intolerance Products Market “2023: Increase in Demand and Opportunities,” offers valuable insights into the industry. The report provides a comprehensive analysis of research and information from various sources, empowering decision-makers worldwide to make a significant impact on the global economy. With a dynamic vision of the market size, statistics, and competitive landscape, the report presents a complete overview of the industry. It covers future trends, growth factors, consumption, production volume, CAGR value, opinions, profit margin, pricing, and industry-validated market data. This report assists individuals and market competitors in predicting future profitability and making crucial decisions for business growth.
The market for food intolerance products has grown considerably over the past decade mainly due to the increasing cases of celiac disease, crohns disease, and awareness among health conscious consumers. According to Coeliac UK, celiac disease affects at least 1 in 100 people in the U.K. and in Europe; however, only about 24% of people are diagnosed. Conversely, the premium pricing of gluten-free products and low food intolerance awareness are restricting the food intolerance products market from progressing.
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Food intolerance is an adverse food-induced reaction that does not involve the immune system. Lactose, sugars and gluten are few common ingredients causing food intolerance worldwide. The onset of symptom is usually slower and may be delayed by many hours after eating the offending food. Intolerance to several foods or a group of foods is common, and it is difficult to diagnose whether food intolerance is due to chronic illness, or particular food ingredient. Gluten-free, lactose-free, diabetic food are recommended for overcoming food intolerance from food ingredients gluten, lactose and sugar respectively. Gluten-free food is primarily consumed by celiac patients as they are incapable of digesting the gluten present in wheat, barley and other similar grains. Lactose-free food items are preferred by lactose intolerant individuals as they lack an enzyme which is required to digest milk-sugar.
The food intolerance products market is segmented on the basis of type, and geography. On the basis of type, the market is segmented into diabetic food, gluten-free food, lactose-free food, and other special milk formula. These are further classified such as diabetic food into diabetic bakery products, diabetic confectionery, and diabetic spreads; gluten-free food into gluten-free bakery products, gluten-free baby food, gluten-free pasta, and gluten-free ready meals; lactose-free foods into lactose-free dairy products, lactose-free ice cream, and lactose-free baby food. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. This report also includes country level analysis for the period of 2015-2022.
The world food intolerance products market is moderately fragmented where product launch has become a widely adopted strategy among market players in order to gain competitive edge. In February 2016, Abbott Laboratories launched Curate snack bars, a new brand of gluten-free bars made with non-bioengineered ingredients.
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KEY BENEFITS FOR STAKEHOLDERS:
The report provides a quantitative analysis of the current market and estimations for the period of 20152022 to enable stakeholders to capitalize on the prevailing market opportunities.
Comprehensive analysis of the market segments provides a clear view and potential to the stakeholders.
Current and future trends provide to determine the overall outlook and individual trends for better understanding of the market.
The report provides information regarding key drivers, restraints and opportunities for North America, Europe, Asia-Pacific, and LAMEA regions.
SWOT analysis highlights the internal and external environment of key market players for effective strategy formation.
The key players in world food intolerance productsmarket are Nestle S.A., General Mills, Inc., Abbott Laboratories, Kraft Heinz Company, Dr. Schr AG / SPA, Mead Johnson Nutrition Company, Danone S.A., Fifty 50 Foods Corporation, Boulder Brands, Inc., and Kellogg Company.
FOOD INTOLERANCE PRODUCTS MARKET KEY SEGMENTS:
By Type
Diabetic Food
Diabetic Bakery Products
Diabetic Confectionery
Diabetic Spreads
Gluten-free Food
Gluten-Free Bakery Products
Gluten-Free Baby Food
Gluten-Free Pasta
Gluten-Free Ready meals
Lactose-free Food
Lactose-Free Dairy Products
Lactose-Free Ice Cream
Lactose-free Baby Food
Other Special Milk Formula
By Geography
North America
U.S.
Canada
Mexico
Europe
Spain
France
Russia
Germany
Austria
Poland
Rest of Europe
Asia-Pacific
Japan
China
Australia
South Korea
Thailand
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
Rest of LAMEA
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
Market Dynamics:
Drivers:
- Increasing emphasis on self-care and wellness, particularly among women. A
- Growing awareness of the health and beauty benefits offered by dietary supplements.
- Rising disposable incomes and willingness to invest in premium health and beauty products.
- Influence of social media and beauty influencers shaping consumer preferences.
- Changing lifestyles and health concerns driving the demand for supplementary nutrition.
Restraints:
- Lack of regulatory oversight and quality control in the supplements industry.
- Consumer skepticism and confusion regarding product claims and effectiveness.
- Potential risks and interactions with other medications or health conditions.
- Limited accessibility and affordability of supplements in certain regions.
Opportunities:
- Increasing demand for natural and organic supplements.
- Untapped market potential in the Asia-Pacific region.
- Development of innovative formulations and delivery methods.
- Collaborations with beauty brands or influencers for product endorsements.
- Integration of technology to personalize nutrition and enhance consumer experience.
Challenges:
- Intense competition among market players.
- Navigating regulatory complexities and meeting regional standards.
- Building trust and credibility with consumers.
- Educating consumers about the benefits and proper usage of supplements.
- Addressing concerns and skepticism regarding the safety and efficacy of supplements.
The report will include answers to the following key questions:
- What are the key current trends that can impact the product life cycle and return on investment?
- How do regulatory changes affect corporate, business, and functional strategies?
- Which initiatives by major players in micromarketing are likely to attract investment?
- What are the recommended frameworks and methodologies for conducting PESTLE analysis?
- In which areas are there emerging opportunities for growth and development?
- Which game-changing technologies will be instrumental in capturing new revenue streams in the near future?
- What operational and tactical frameworks are different players adopting to foster customer loyalty?
- What is the current level of market rivalry, and what is the expected degree of competition in the coming years?
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