Gluten Free Food Manufacturer Glutino Purchased by Smart Balance

According to this press release from the Smart Balance website, they’ve just purchased Glutino.

Commenting on the announcement, Chairman and Chief Executive Officer Stephen Hughes
stated, “We are truly excited about adding the Glutino Food Group to our portfolio of health
and wellness brands. Glutino has increased its sales approximately 30% annually over the past
three years, and we are confident about its growth prospects and contribution to Smart
Balance. The demand for gluten‐free products is significant, and is now a category of over $2
billion in retail sales. We are bullish on the continuation of the category’s 10% compound
annual growth rate due to increased awareness and diagnosis of gluten‐induced ailments,
including celiac disease, gluten intolerance and wheat allergies.”

That’s pretty interesting.  It could be really good for the Glutino brand as well.  They get a large U.S. company with a large U.S. distribution chain to push their product.

Another interesting factoid in there is the fact that the gluten-free product category of food is an over $2 billion market.  No wonder there are so many manufacturers jumping into the game.

Subscribe / Share

Article by GlutenFREE

My wife has Celiac Disease. I started this website as a way to record some of the information that I am learning along the way, and to help others who suffer from Celiac Disease by having a dependable resource for that information.
It's very calm over here, why not leave a comment?

Leave a Reply




We Support

1in133.org - Support Gluten-Free Food Labeling

    

Advertisements