Global Tempeh Market by component, technology overview and market dynamics – Herald Telegraph

Market Dynamics

The global market for food intolerance products has been witnessing a significant growth, primarily due to the alarming rise in the number of food allergies and sensitivities around the globe. Intolerance to several or a group of foods is common, and it is difficult to diagnose whether food intolerance is due to chronic illness, or particular food ingredient. Gluten-free, lactose-free, and diabetic food are recommended for overcoming food intolerance due to food ingredients, such as gluten, lactose, and sugar, respectively. The market is fueled by advancements in the diagnosis of allergies, increasing demand for gluten-free and wheat-free diets, and the launch of innovative and attractive products. The improved labeling regulations have also helped the market growth. The easy availability of intolerance food products in multi-retail outlets, supermarkets, and even restaurants has propelled the global market growth. The market is projected to register a healthy CAGR during the forecast period, as the consumers are trying to cut down on their medical bills by eating healthy.

Market Segmentation

The food intolerance products market is segmented by type and geography. Lactose-free has a prominent share in the global market for food intolerance products, owing to the rising prevalence of lactose intolerance. Lactose-free dairy products held more than half of the market share in the global lactose-free food market, in 2016. Diabetic foods are likely to present immensely lucrative options for players operating in this market, owing to a significant change in the food trends, which are leaning towards healthy and low-sugar variants, and a surge in the number of diabetic patients, worldwide. Increasing innovation in gluten-free food products is underway, to make them more appealing, taste-wise and texture-wise. The quality and taste of gluten-free products have developed, tremendously.

Regional Analysis

North America occupies the largest share in the global food intolerance products market. The United States would continue to lead the North America food intolerance products market. According to the Celiac Support Association, population in the United States suffers from celiac disease, with nearly 83% of the cases being undiagnosed or misdiagnosed. The total number of recorded cases of diabetes in 2013 was around 382 million, and this number is expected to reach 592 million by 2035. This is causing the free-form food market to grow in the United States.
Germany held the largest market share in the European region, in 2015, whereas Poland would witness growth in the future, with the highest CAGR of 9.3%. Europe and Asia-Pacific will witness a high CAGR during the forecast period. South America will be the fastest-growing region in this market, during this period. Nine among ten Asian American population are lactose intolerance which drives the demand for lactose intolerance products.

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