The food intolerance products market was valued at USD 76.93 billion in 2023 and is anticipated to reach USD 85.92 billion in 2024. By 2032, the market is projected to grow significantly, reaching USD 230.98 billion at a CAGR of 13.16% during the forecast period.
The rising popularity of free-from food products has been a major driver of market growth, fueled by increasing incidences of food intolerance and the adoption of healthier lifestyles. These trends have encouraged food manufacturers to develop products free from common allergens such as gluten, nuts, and dairy, catering to diverse dietary preferences and improving customer satisfaction.
This data is highlighted in the Fortune Business Insights™ report titled "Food Intolerance Products Market, 2024-2032."
Information Source: https://www.fortunebusinessinsights.com/food-intolerance-products-market-110038
LIST OF KEY COMPANIES PROFILED IN THE REPORT:
Segmentation:
Dairy Alternatives and Lactose-Free Products Gain Popularity Due to Innovations in Plant-Based Products
The food intolerance products market is segmented into several categories, including dairy alternatives and lactose-free products, bakery products, chocolates and confectionery, meat alternatives, specialized nutrition, snacks and processed food, and condiments and dressings. In 2023, the dairy alternatives and lactose-free products segment held the largest market share. This is due to ongoing innovations by plant-based milk manufacturers, who are introducing new versions and flavors to meet the rising demand for lactose-free options.