VANCOUVER, BC, Feb. 21, 2023 /CNW/ - The Good Flour Corp. (CSE: GFCO) (OTCQB: GFCOF) (FSE: 3KZ) ("GFCO") with its automated production facility, is poised to meet rising product demand of gluten free products, especially from the food services industry.
"The food service industry recognizes the need to provide gluten free offerings on their menus," pointed out Matthew Clayton, CEO of GFCO. "Providing the food service industry with quality gluten free offerings is one of the largest margin segments of our business. Recent studies have found that gluten sensitivity and Celiac Disease has been on the rise, especially in the USA. This could be a driving factor for the increased demand for gluten free foods. With increased production, staffing and recent financing we are in the perfect position to meet industry demand for our products through 2023. I anticipate 2023 to be a break out year for GFCO."
According to the National Library of Medicine, celiac disease (CD), non-celiac gluten sensitivity (NCGS), and wheat allergy (WA) represent a spectrum of immune-mediated reactions to wheat and in some cases specifically gluten, a protein composite of gliadin and glutenin. Once believed to be relatively rare, particularly in the US, it is now thought that gluten-related disorders affect nearly 10% of the population.
Based on market analysis from Grand View Research, the bakery products segment accounted for the largest revenue share of nearly 29.0% in 2021 and is expected to maintain its dominance over the forecast period. Rising awareness regarding a healthy diet including natural, organic, and gluten-free foods is expected to drive the segment growth.
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