Food Intolerance Products Market size to grow by USD 7.07 Billion
Source: The DairyNews
The food intolerance products market is set to grow by USD 7.07 billion, from 2023 to 2028 progressing at a CAGR of 5.52% during the forecast period, writes Technavio in the report.
The rising food intolerance products market is driven by increasing health consciousness among consumers. The escalating demand for gluten-free products, lactose-free products, dairy-free products, nut-free products, soy-free products, egg-free products, and wheat-free products highlights this trend. Allergen-free products and non-GMO foods, alongside the increasing preference for sugar-free products, also contribute to this growth trajectory. This shift reflects an evolving consumer landscape, emphasizing wellness and boosting a robust market for specialized dietary needs.
The increasing prominence of private-label brands is a primary trend in the market. This trend caters to the growing demand for low-carb foods, preservative-free foods, celiac-friendly foods, and low-sodium foods. Consumers seek options of No artificial preservatives, low-allergens, and non-nutritive sweeteners.
The market is responding with hypoallergenic foods, alternative flours, and low-fat options, mirroring a shift towards diverse and specialized dietary preferences, and shaping consumption patterns.
CHALLENGES
The high price of gluten-free food products is one of the key challenges impeding the food intolerance products market growth. This challenge restricts market growth despite the increasing demand for non-dairy milk alternatives, low FODMAP products, and plant-based alternatives. Additionally, consumers seek affordable paleo-friendly foods, organic food options, and vegan products alongside allergy-friendly snacks free from additives. The high cost of developing corn-free products and sulfite-free products further hampers market expansion, necessitating innovation to address pricing barriers.
The increasing prominence of private-label brands is a primary trend in the market. This trend caters to the growing demand for low-carb foods, preservative-free foods, celiac-friendly foods, and low-sodium foods. Consumers seek options of No artificial preservatives, low-allergens, and non-nutritive sweeteners.
The market is responding with hypoallergenic foods, alternative flours, and low-fat options, mirroring a shift towards diverse and specialized dietary preferences, and shaping consumption patterns.
CHALLENGES
The high price of gluten-free food products is one of the key challenges impeding the food intolerance products market growth. This challenge restricts market growth despite the increasing demand for non-dairy milk alternatives, low FODMAP products, and plant-based alternatives. Additionally, consumers seek affordable paleo-friendly foods, organic food options, and vegan products alongside allergy-friendly snacks free from additives. The high cost of developing corn-free products and sulfite-free products further hampers market expansion, necessitating innovation to address pricing barriers.
