PUBLISHER: Meticulous Research | PRODUCT CODE: 1518365
PUBLISHER: Meticulous Research | PRODUCT CODE: 1518365
Ancient Grains Market Size, Share, Forecast, and Trends Analysis by Crop Type (Wheat, Barley, Quinoa, Chia, Millets), Grain Type (Gluten-Free, Gluten Containing), Application (Food (Bakery, Breakfast Cereal), Beverage, Animal Feed)-Global Forecast to 2030.
According to the research report titled, 'Ancient Grains Market Size, Share, Forecast, and Trends Analysis by Crop Type (Wheat, Barley, Quinoa, Chia, Millets), Grain Type (Gluten-Free, Gluten Containing), Application (Food (Bakery, Breakfast Cereal), Beverage, Animal Feed)-Global Forecast to 2030,' the ancient grains market is projected to reach $10.52 billion by 2030, at a CAGR of 37.6% during the forecast period of 2023-2030. The report provides an in-depth analysis of the ancient grains market across five major regions, emphasizing the current market trends, market sizes, recent developments, and forecast till 2030.
After conducting extensive secondary and primary research, and performing an in-depth analysis of the market scenario, the report proceeds to conduct an impact analysis of the key industry drivers, restraints, opportunities, and trends. The growth of the ancient grains market is attributed to the increasing consumer preference for natural & healthy foods, the growing health consciousness among consumers, the development of innovative food & beverage products containing ancient grains, and the rising consumer inclination towards gluten-free food products. However, the lack of consumer awareness about ancient grains restrains the market's growth.
The increasing demand for plant-based & vegan foods, furthermore, the rising demand for superfoods is expected to create growth opportunities for stakeholders in the ancient grains market. Moreover, the increasing consumer interest in whole grain products is a trend that is expected to further bolster the growth of the ancient grains market.
The key players operating in the ancient grains market are Ancient Golden Mill (India), Archer-Daniels-Midland Company (U.S.), Ardent Mills, LLC (U.S.), Bob's Red Mill Natural Foods, Inc. (U.S.), Glanbia plc (Ireland), Grand Teton Ancient Grains (U.S.), Great River Organic Milling (U.S.), Healthy Food Ingredients, LLC (U.S.), Nature Bio Foods Ltd. (India), Terra Ingredients, LLC (U.S.), The Scoular Company (U.S.), Natur Gold Global Kft. (Hungary), and VDF FutureCeuticals, Inc. (U.S.).
Based on crop type, the ancient grains market is segmented into wheat (bulgur, einkorn, emmer, kamut, freekeh, spelt), barley, quinoa, chia, millets, sorghum, amaranth, other. The quinoa segment is slated to register the highest CAGR during the forecast period of 2023-2030. The growth of this segment is attributed to increasing consumer awareness about the nutritional & health benefits of quinoa, the rising demand for gluten-free products, and the increasing number of health-conscious consumers. Additionally, the rising consumer preference for quinoa as a rice substitute is further expected to support the growth of this market in the coming years.
Based on grain type, the ancient grains market is segmented into gluten-free ancient grains and gluten containing ancient grains. The gluten-free ancient grains segment is projected to register a higher CAGR during the forecast period of 2023-2030. The growth of this segment is supported by the growing trend of gluten-free products in the food industry, increasing demand for ancient grain-based food & beverage products, and driven by the rising prevalence of celiac disease, and growing consumer preferences for healthier food choices.
Based on application, the ancient grains market is segmented into food, beverages, animal feed & pet food, and others. In 2023, the food segment is expected to account for the largest share of the ancient grains market. The large market share of this segment is attributed to the growing demand for healthy food, and gluten-free & plant-based food products, and the development of innovative food products containing ancient grains.
An in-depth geographic analysis of the industry provides detailed qualitative and quantitative insights into the five major regions (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa), and the coverage of major countries in each region. In 2023, North America is expected to account for the largest share of the ancient grains market, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America's large market share can be attributed to several factors, including the presence of a significant number of key manufacturers, rising health & wellness trends, growing consumer preferences for superfoods, increasing awareness regarding the health benefits of ancient grains, and the rising demand for healthy and convenient food options.
Furthermore, the region benefits from the presence of well-established players in the food industry that continuously innovate and develop new products using ancient grains, thereby further fueling market growth in North America.
However, the Asia-Pacific region is slated to register the highest CAGR during the forecast period of 2023-2030. The growth of this regional market is primarily attributed to the rising interest in ancient grains, and the growing health-conscious population. Additionally, governments in Asia-Pacific are actively promoting the cultivation and consumption of ancient grains as part of their efforts to improve food security, and address the growing prevalence of chronic diseases. These initiatives are expected to further support the growth of the ancient grains market in the region during the forecast period.
Key Questions Answered in the Report-
Ancient Grains Market Assessment-by Crop Type
Ancient Grains Market Assessment-by Grain Type
Ancient Grains Market Assessment-by Application
Ancient Grains Market Assessment-by Geography