Allergen free products mostly include lactose free and gluten free food products that cause allergies to a considerable fraction of the population. Market Research Future (MRFR) has asserted in its latest report that the global allergen free food products, the market is set to exhibit steady growth over the forecast period 2017 to 2023.
The increasing population of lactose intolerant people is expected to boost the revenue generation of the allergen free food products market over the next couple of years. In addition, an increase in awareness about the availability of such products is assessed to play a major role in encouraging the growth trajectory of the market in the years to come.
The rising burden of diabetes is also projected to motivate the revenue growth of the global allergen free food products market. Allergen free products also include sugar free products for the diabetic population who are barred from having sugar. It is projected to expedite the expansion of the allergen free food products market in the foreseeable future.
Increasing investments in research and developments are poised to unleash developmental opportunities for market players. However, on the flip side, premium pricing policies implemented by the industry leaders are anticipated to restrict the growth of the allergen free food products market in the forthcoming years.
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Abbott Laboratories (U.S.), Danone SA (France), and Nestle (Switzerland) are some of the major players participating in the landscape of the allergen free food products market over the next couple of years. Other noted participants of the market profiled in this MRFR report are General Mills (U.S.), Kraft Heinz Company (U.S.), Kellogg Co. (U.S.), Mead Johnson Nutrition Company (U.S.), and Boulder Brands, Inc. (U.S.).
On the basis of type, the global allergen free food products market has been segmented into lactose-free, diabetes food, gluten-free, and others.
Based on packaging material, the allergen free food products market has been segmented into plastic, metal, glass, paper, and others.
Based on distribution channel, the global allergen free food products market has been segmented into non-store based and store based distribution channel.
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The geographical analysis of the global allergen free food products market spans across North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is expected to hold the dominant position in the global market place over the next couple of years. Growth strategies executed by the market players based out of the region is projected to motivate the growth of the regional allergen free food products market. In addition, the rising diabetic and lactose intolerant population is also expected to impact the expansion pace of the regional market favorable in the years to come,
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