The high prevalence of celiac disease among the population is primarily driving growth in the market for products for people with food intolerances. It is also anticipated that rising demand for clean-label and gluten-free products will accelerate market expansion. For instance, two new snack bars consisting entirely of organic ingredients, Cherry-Chocolate Rock and Coco-Nut-Licious, were introduced in May 2018 by The Lea-licious of Australia. This product is acceptable for vegans and is gluten-free. In the not too distant future, there are expected to be sizable potential prospects for market participants due to the rising popularity of cauliflower extracts as a gluten-free ingredient. For instance, the Chicago-based Archer Daniels Midland Co. is looking on gluten-free pizza crust recipes that use cauliflower with bean or quinoa flour. Cauliflower is blended with other gluten-free ingredients like quinoa flour or xanthan gum in goods that are gluten-free. Gluten-free food items with improved nutrition will provide lucrative market prospects for major producers. Trendy non-dairy, low-sugar ice creams are becoming more and more popular.
Coherent Market Insights estimates that the market for goods for people with Food Intolerance Products was estimated at USD 17,722.98 million in 2021, and from 2022 to 2030, it is predicted to increase at a CAGR of 7.79%.
Top Companies in the Food Intolerance Products Industry:
1. General Mills Inc.
The company was founded in 1928 and is based in Minneapolis, Minnesota, USA. Producing and marketing branded processed consumer foods for sale in retail establishments is the business of General Mills, Inc. Peak Rock Capital's supplier of frozen pizza crusts, TNT Crust, was acquired by General Mills on May 12, 2022, according to the company's announcement. General Mills said on May 15, 2021, that it would pay $1.2 billion to acquire Tyson Foods' pet treat division, which includes True Chews, Nudges, and Top Chews.
2. Conagra Brands Inc.
The business was started in 1919 and is located in Chicago, Illinois, United States. Conagra produces and marketing goods under numerous brand names that can be found in grocery stores, eateries, and other food-related businesses. Conagra Brands unveiled its extensive summer lineup of new product innovations in June 2022.
3. Chobani LLC
The company was founded in 2005 and is based in Norwich, New York, U.S. Yoghurt, ice cream, milk, milk powder, and other dairy products are produced and sold by Chobani, LLC. The business has also branched out into non-dairy, plant-based goods including oat milk and dairy-free vegan yoghurt.
4. Hain Celestial Group Inc.
The firm was founded in 1993 and has its main office in Colorado, United States. The Hain Celestial Group, Inc. produces organic and natural drinks, snacks, speciality foods, and personal care items. Grocery store foods such organic cookies, cooking oils, sugar-free goods, kosher goods, snacks and frozen foods, as well as organic skin, hair and body products, arae all part of the company's product portfolio.
5. Danone SA
The company was started in 1919 and is based in Paris, France. Danone is a business that processes food. The business manufactures and sells beverages, infant food, and medical nutrition products in addition to dairy goods. Danone said in January 2023 that it will examine strategic options for the Wallaby and Horizon Organic businesses in the United States.
6. Monde Nissin
The business was founded in 1980 and has its headquarters in Santa Rosa, Philippines. The business produces and distributes prepared food items, and it sells items like noodles and biscuits through grocery stores. The firm purchased a 15% share in The Figaro Coffee Group, the parent company of Figaro Coffee, Angel's Pizza, and Tien Ma Taiwanese restaurant, in January 2023.
7. Arla Foods Amba
The company was founded in 2000 and is based in Central Denmark Region, Denmark. Dairy products are produced by Arla Foods AMBA. Milk, yoghurt, cheese, butter, spreads, powdered milk, and other food ingredients are produced by the company.
*Definition: Having a food intolerance is a form of gastrointestinal reaction brought on by an intolerance to one of the ingredients in the diet. Food intolerance sufferers frequently tolerate tiny amounts of the problematic food without developing symptoms.
