SHERIDAN, WYOMING, USA, Oct. 19, 2022 /EINPresswire.com/ — According to IMARC Group’s latest research report, titled “Foodless Foods Market Size: Global Industry Trends, Share, Growth, Opportunities and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
The global food-free food market is expected to grow at a CAGR of 7.63% during the period 2022-2027. Food-free foods include own-brand edibles that are prepared and targeted to consumers with food allergies. It includes allergen-free, genetically modified organism (GMO)-free, gluten-free, vegan and lactose-free food products. It follows strict cultivation standards, is subject to various laws and regulations, and is free from pesticides, synthetic fertilizers, antibiotics, and hormones. Some of the commonly exempt food variants include a wide range of fruits and vegetables, grains and legumes, as well as meat and dairy products. Currently, they are readily available in online retail stores, supermarkets and hypermarkets, and convenience stores.
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Growth Analysis of the Global Non-Food Industry:
The growing health consciousness among the masses is the main driver of the global market. This can be attributed to the increasing prevalence of many lifestyle-related diseases, such as obesity, cardiovascular disease, and diabetes. With the growing concerns regarding the presence of synthetic additives, GMOs and preservatives in processed food products, this is driving the demand for clean label food products, which is impacting the growth of the market. At the same time, the increase in the population suffering from lactose and gluten intolerance, encouraging the adoption of healthy lifestyle choices, especially among millennials, is driving demand globally. Additionally, numerous celebrity endorsements promoting consumption of vegan, low-calorie, and gluten-free food products and growing popularity on social media are creating a positive market outlook. Some of the other factors driving the market include rapid urbanization and growing consumption of packaged and frozen food products.
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Key Market Segmentation:
• Alpro UK Limited
• Trademarks Conagra, Inc.
• Danone S.A.
• Doves Farm Food Limited
• Schar AG/SpA
• Ener-G Foods, Inc.
• General Mills, Inc.
• Trademarks GreenSpace, Inc.
• Hain Celestial Group Inc.
• Mondelez International.
Breakdown by type:
• Dairy free
• Gluten free
• Lactose free
Breakdown by end product:
• Bakery and confectionery
• Dairy-free foods
Breakdown by distribution channel:
• Supermarkets and hypermarkets
• Convenience stores
• Online channels
Breakdown by region:
• North America (United States, Canada)
• Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, others)
Food Free Foods Market Research Report Table of Contents:
• Scope and methodology
• Global Food Free Food Market
• SWOT analysis
• Value chain analysis
• Price analysis
• Competitive landscape
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