Free-from Foods Market Overview
The free-from foods market is estimated to expand at a CAGR of nearly 6% during the forecast period of 2020 to 2030. The market is expected to experience a slight dip during 2020 in terms of sales. High stockpiling has led to substantial increase in sales during the 2nd quarter of 2020. Shutting down of production facilities and lockdowns due to the COVID-19 pandemic are expected to affect the production for free-from foods during the latter half of 2020.
Free-from Foods Market Insights by Product
In terms of products, GMO-free foods account for a significant proportion of the global free-from foods market size. Increasing investments of companies towards making their portfolio plant-based and organic ingredients have been supplementing the growth of GMO-free foods. Experimental diets of consumers, such as paleo and vegan, have led to increasing in demand for GMO-free foods. GMO-free foods are expected to show significant growth of 1.7X during the forecast period.
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Regional Outlook of Free-from Foods Market
North America is a mature free-from foods market, and accounts for one-third demand in this space. North America is expected to experience slow growth during the forecast though, while demand from South Asia & Oceania is expected to be significantly high. Players trying to increase their penetration in the market and increase the awareness of consumers regarding the benefits of allergen-free food are expected to drive the growth of the South Asia & Oceania free-from foods market.
Competitive Landscape: Free-from Foods Market to Move towards Consolidation
The free-from foods market is fragmented in nature, with the top players accounting for only one-third of the revenue share. The market is expected to head towards consolidation at a gradual pace, owing to significant investments by top players to increase their product portfolio and penetration in the market.
Companies have been increasingly investing in research & development to turn their existing product portfolios towards allergen-free ingredients. They have also been increasing their penetration with investments in collaborations with third-party retailers.
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COVID-19 Impact on Free-from Foods Market
The free-from foods market has also faced the impact of the COVID-19 crisis, as demand was observed to be uptick in February till April as compared to 2019 during these months. Decreasing demand of free-from foods in 2020 can be understood under three scenarios: positive, pessimistic, and probabilistic.
Under the optimistic scenario, the global free-from foods market is expected to increase in the first and second quarter of 2020 under the COVID-19's strong impact, and demand may decrease from the third quarter onwards.
On the other hand, under the probabilistic scenario, the market is expected to remain under doldrums from the third quarter, affecting the sales of free-from foods. Under the pessimistic scenario, demand is not anticipated to gain traction until after the first quarter of 2021.
The Analyst’s Viewpoint
“Free-from foods market is expected to show a slight decline during 2020, but is expected to bounce back after the recovery period of COVID-19. Investments towards increasing penetration in South East Asia are expected to create long-term returns for stakeholders in this space.”
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Global Free-from Foods Market: Scope of the Report
The recent global free-from foods market report by Fact.MR offers a 10-year forecast from 2020 to 2030. The report elaborates on the key drivers, restraints, opportunities, and threats to the expansion of the global free-from foods market. A detailed segmental analysis based on product, nature, and sales channel has been provided in the report.
Regional analysis in terms of supply chain analysis, business execution, and market value analysis provides an in-depth perspective about the future scope of the global free-from foods market. In addition, a separate section on the market structure has also been provided. The section provides detailed analysis of key market players and their strategies for expansion in the global free-from foods market.
Free-from Foods Market: Segmentation
FactMR’s study has done the segmentation of the free-from foods market on the basis of product, nature, sales channel, and region.
- Cereals & Grains
- Edible Oil
- Meat & Poultry
- Packaged Food
- Sugar-free Beverages
- Sugar-free Dairy Products
- Sugar-free Confectionery
- Sugar-free Ice Cream
- Sugar-free Bakery Products
- Soy-based Dairy-free Products
- Almond-based Dairy-free Products
- Oat-based Dairy-free Products
- Hemp-based Dairy-free Products
- Coconut-based Dairy-free Products
- Rice-based Dairy-free Products
- Gluten-free Bakery Products
- Gluten-free Pasta
- Gluten-free Baby Food
- Gluten-free Ready Meals
- Textured Vegetable Protein
- Other Meat-free products
- Condensed Milk
- Milk Powder
- Ice Cream
- Infant Formula
- Processed Milk Products
- Artificial Ingredient-free Food
- Direct Sales
- Specialty Stores
- Convenience Stores
- Online Retail
- North America
- Latin America
- East Asia
- South Asia & Oceania
Free-from Foods Market: Report Scope
The free-from foods market is anticipated to witness notable upsurge during the forecast period of 2020 to 2030, conferring to a new Fact.MR study. The study elaborates on crucial trends that are presently determining the growth of the free-from foods market. This newly published and perceptive report sheds light on vital dynamics that are likely to affect the future of the free-from foods market, in turn, generating worthwhile opportunities for key companies as well as evolving players who are interested in the manufacturing of free-from foods.
The free-from foods market study is a detailed market intellect on key revenue progression factors, challenges, industry trends, and opportunities, which will eventually influence the growth of the market. The report primarily conveys a summary of the free-from foods market, considering present and upcoming consumer goods industry scenarios, to reveal striking sides relating to the acceptance of free-from foods across prominent regional markets.
A detailed assessment on a few free-from foods raw material suppliers accessible in the report allows report readers to obtain detailed findings that have resulted from free-from foods supply chain analysis, business execution, and value chain analysis across the regional markets incorporated in the report. A list of prominent companies functioning in the free-from foods market provided in the report enhances the reliability of this ample research study.
Free-from Foods Market: Report Summary and Scope
The study offers a comprehensive overview on diverse features that are inducing demand, revenue generation, and sales in the free-from foods market across the globe.
A comprehensive estimate on the free-from foods market has also been made accessible by experts, who have considered market estimates on the basis of a likely scenario, an optimistic scenario, and a conservative scenario, regarding the sales of free-from foods during the forecast period. Analysis and estimation of price point comparison by region and by product with global average price has been included in this study.
Free-from Foods Market: Analysis on Market Size Evaluation
Predictions of the free-from foods market, encompassing current as well as forthcoming projected value estimates and analysis on region-wise demand trends and price index have been assimilated in the report.
Market estimates at regional and global scales for free-from foods are available in terms of “US$ Mn.” A Y-o-Y growth contrast on prominent free-from foods market segments along with market attractiveness valuation computes the understandings brought in the report. Metrics mentioned above are also followed based on food products where free-from foods witness steady demand.
Free-from Foods Market: Scrutinized Assessment on Regional Segments
Weighted sections have been elaborated in the report on the free-from foods market, which delivers projections on regional markets. These chapters brighten the regional macros (political economic and business environment outlook), which are expected to have a significant impact on the growth of the free-from foods market during period of forecast.
Country-specific valuation on demand for free-from foods has been offered for each regional market, along with market scope estimates and forecasts, price index, price point assessment, and impact analysis of the dynamics of prominent regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Free-from Foods Market: In-depth Analysis on Competitive Landscape
The report ends with a section on the competition scenario of the free-from foods market, along with the profiles of major companies contributing to market expansion. Essential and up-to-date data, as well as information correlated to market performers who principally engaged in the production and supply of free-from foods, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to plan preemptive steps to advance their businesses.
Company profiles have been shared with report, which exerts essentials such as product portfolio, along with an all-inclusive SWOT analysis on each player recognized with company policies identification and analysis. Company presence mapped and presented through a matrix for all the prominent players of the market functioning in free-from foods market offers readers with actionable intellect, which helps in thoughtfully presenting the market status, and making decisive predictions on the competition levels in the free-from foods market. Major companies operating in global free-from foods market include Nestle SA, Tate & Lyle PLC, Danone SA, Reckitt Benckiser Group Plc, Abbott Laboratories Inc., Vitasoy International Holdings Ltd, Inner Mongolia Yili Industrial Group Co., Ltd., The Coca-Cola Company, General Mills Inc., Blue Diamond Growers, Kikkoman Corporation, Lactalis International, and Post Holdings Inc.
Impact of COVID-19 on Free-from Foods Market
The report includes a scenario-based assessment of the impact of COVID-19 across key regions for all the four quarters of 2020. The report discusses market forecasts under optimistic, probabilistic, and pessimistic scenario. Under these three scenarios, demand loss and recovery has been illustrated and described through L-shaped and U-shaped recovery curves. Alongside, the COVID-19 impact has been benchmarked with previous crises, including sub-prime crisis and SARS pandemic.
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