For anyone doubting the strength of the gluten-free market, take a look at this news about Udi’s. In two short years, sales will have gone from $5.5 million to $70 million by the end of 2011. Fad diet or not, with numbers like this, the future of gluten-free products is looking even brighter than it already is.
“DENVER — Denver-based Udi’s Gluten Free Foods has grown quickly since its master baker developed a recipe for gluten-free bread that tastes similar to regular bread.
CEO Devin Anderson says that if sales trends from the first half of the year continue, the company is poised to have $70 million in sales this year, up from $5.5 million in 2009. The private company doesn’t release profits.
Udi’s also is launching new products, fostering a new division to supply restaurants with gluten-free hamburger and hot dog buns and pizza crusts, and building a third production facility in Denver…”
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Story Source: The Republic
2 comments
Rachel Cournoyer says:
Jul 2, 2011
Yay! hopefully this means a lower price too.
Kurt Reinhardt says:
Jul 2, 2011
If only they didn’t use egg in all their products :( Going gluten-free getting a lot easier, but gluten and egg-free is tough with packaged baked goods.