The Latin America Gluten Free Prepared Food Market size was around USD XX billion in 2021. It is expected to grow at a CAGR of XX% to reach USD XX billion by 2026.
Gluten is a type of protein present in barley, wheat, rye and their derivatives or cross-breed variety. It is also used in baked products as a binding agent to prevent crumbling. Food with gluten is the leading cause of food intolerance for consumers suffering from celiac disease, which is an autoimmune and inherited disorder. In such cases, on consumption of gluten rich food, the small intestines get damaged and is life threatening. The only solution for such consumers is to follow a strict diet of gluten free prepared food. Many others who prefer prepared gluten-free food are those who are suffering from wheat allergy and autistic disorders. Aside from medical reasons, some people eat prepared gluten free food as part of their health and fitness routine. In 2016, Mikey's LLC, a Scottsdale-based gluten free food manufacturer launched gluten-free pizza crust.
The growing concern regarding food allergies and intolerance among consumers is the factor driving the gluten-free prepared food market. Prepared food producers are investing in products which are customized to meet specific dietary requirements. These gluten-free prepared food are very easily available through wide distribution channels such as grocery stores, supermarkets and natural food store is likely to boost the growth of this market. Gluten-free food products companies are launching new products to improve the taste and nutritional value. The availability of wide range of such products is projected to drive the Latin America market growth.
But still, the price of gluten-free prepared food is the major barrier to adoption for non-users, which is estimated to inhibit the growth of Latin America gluten-free prepared food market.
This market is broadly classified into two categories – by product type and by distribution channel. On the basis of type of products the market is further segmented into Bakery Products, Pasta, Ready to Eat Products, and Bread and Rolls. On the basis of distribution channel the market is classified into Grocery Store, Supermarkets and Hypermarkets, Health or Natural Food Store, and Drug Store.
Geographically the Latin America Gluten Free Prepared Food Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. The growing awareness of allergen friendly food among consumers in Latin America is anticipated to project moderate CAGRs in these regions during the forecast period.
Key Players in the Market:
Major Key Players in the Latin America Gluten Free Prepared Food Market are
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