The gluten-free beverage market size is estimated to expand at a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing improvisation in the production process and development of innovative beverage products.
Gluten-free beverages are preferred among consumers as they are linked to a number of health benefits. Gluten in food products causes allergies in certain people and is therefore not considered healthy. The expansion of this market is being aided by a shift in food consumption trends, as people are more willing to try new diet in order to achieve their fitness goals.
Market Trends, Drivers, Restraints, and Opportunities
- Growing trend of healthy food consumption among health-conscious customers is fueling the market expansion.
- Manufacturers in this industry are focusing more on new product launches, which is expected to drive the growth of the gluten-free beverages market during the forecast period.
- Rising product advertising through various channels is encouraged the growth of the market.
- Increasing demand for gluten-free alcoholic beverages is estimated to propel the gluten-free beverage market.
- High cost of gluten-free beverages in comparison to ordinary beverages, which is related to high production costs and the expense of high-quality raw materials, can hinder market growth.
- High investment by manufacturers in R&D to meet consumer demand is anticipated to offer various opportunities for the gluten-free beverages market.
Scope of the Report
The report on the gluten-free beverage market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Gluten-free Beverage Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Alcoholic beverages [Distilled, Fermented, and Others] and Non-alcoholic Beverages [Carbonated, and Non-carbonated]), Distribution Channels (Convenience Stores, Supermarkets/Hypermarkets, Specialty Stores, Online retailers, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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PepsiCo Inc.; The WhiteWave Foods Company; The Coca-Cola Company; Döhler GmbH; and DSM (Koninklijke DSM NV)
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Gluten-free beverage Market Segment Insights
Alcoholic beverage segment is expected to grow at a rapid pace
Based on types, the market is divided into alcoholic beverages and non- alcoholic beverages. The alcoholic segment is classified as distilled, fermented, and others and the non-alcoholic beverages segment is further categories as carbonated and non-carbonated. The non-alcoholic beverages segment is expected to grow at a rapid pace during the forecast period due to rising health consciousness among people. However, the alcoholic segment is anticipated to hold a key share of the market in the coming years owing to the technology advancement and product innovations among gluten-free alcoholic beverage category.
Convenience stores segment is projected to expand at a considerable CAGR
On the basis of channel distribution, the market is segregated into convenience stores, supermarket/hypermarket, specialty stores, online retailers, and others. The convenience stores segment is projected to expand at a considerable CAGR during the forecast period due to the presence of chained and independent convenience stores in developed nations and developing nations. Moreover, convenience stores are most preferred for purchasing the gluten-free beverages in large quantity. On the other hand, the online retailers segment is anticipated to account for a major market share during the forecast period due to the presence of major online marketplace.
North America is anticipated to constitute a key market share
In terms of regions, the gluten-free beverage market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period due to a shift in consumer food consumption trends and inclination toward healthy diet. However, the market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to increasing disposable income and growing healthcare consciousness among consumers in emerging economies such as India and China.
Segments
The gluten-free beverage market has been segmented on the basis of
Types
- Alcoholic Beverages
- Distilled
- Fermented
- Others
- Non-alcoholic Beverages
- Carbonated
- Non-carbonated
Distribution Channels
- Convenience Stores
- Supermarkets/Hypermarkets
- specialty Stores
- Online retailers
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- PepsiCo Inc.
- The WhiteWave Foods Company
- The Coca-Cola Company
- Döhler GmbH
- DSM (Koninklijke DSM NV)
Competitive Landscape
Key players in the gluten-free beverage market are PepsiCo Inc.; The WhiteWave Foods Company; The Coca-Cola Company; Döhler GmbH; and DSM (Koninklijke DSM NV).
The global gluten-free beverage market is highly competitive, with a significant number of domestic and multinational competitors competing for a major market share. Key players are focusing on mergers, expansions, acquisitions, and joint ventures with others to enhance the company's presence.
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