Food Intolerance Products Market Business Opportunity And Future Growth Analysis Report 2031

Posted December 28, 2022 by Shubham_1510

Global food intolerance products market size was valued at $12,145.6 Million in 2020, and is projected to reach $22,654.4 Million by 2031, registering a CAGR of 5.9% from 2022 to 2031.

Rise in prevalence of celiac disease and lactose intolerance among the general population, and increased health consciousness and widespread adoption of vegan, gluten-free, & lactose-free food products drive the growth of the global food intolerance products market. However, high cost hinders the market growth. On the other hand, rise in urbanization, active promotional activities by product manufacturers, and the continuous introduction of products with aesthetically appealing packaging solutions present new opportunities in the coming years.

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Leading Market Players: -
• Nestle S.A.
• General Mills, Inc.
• Abbott Laboratories
• Kraft Heinz Company
• Dr. Schär AG / SPA
• Mead Johnson Nutrition Company
• Danone S.A.
• Fifty 50 Foods Corporation
• Boulder Brands, Inc.
• Kellogg Company

Covid-19 Scenario
• The outbreak of the Covid-19 pandemic disrupted the sales of the food & beverage industry via brick and mortar stores, which resulted in shift of consumers toward online sales channels to purchase consumer electronic products, thus driving the growth of online sales in food intolerance products industry.
• The trend is going to continue in the post pandemic.
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Country India
Categories Business
Last Updated December 28, 2022