Meticulous Research®—a leading global market research company, published a research report titled ‘Ancient Grains Market by Crop Type (Wheat, Barley, Quinoa, Chia, Millets, Sorghum), Grain Type (Gluten-Free, Gluten Containing), Application (Food (Bakery & Confectionery, Breakfast Cereal, Frozen Food), Beverage, Animal Feed) - Global Forecast to 2030.’
According to this latest publication from Meticulous Research®, the global ancient grains market is projected to reach $10.52 billion by 2030, at a CAGR of 37.6% from 2023 to 2030. The growth of the ancient grains market is attributed to the increasing consumer preference for natural and healthy foods, the growing health consciousness among consumers, the development of innovative food and beverage products containing ancient grains, and the rising consumer inclination towards gluten-free food products. Moreover, the increasing demand for plant-based and vegan foods and the rising demand for superfoods are expected to provide growth opportunities for the stakeholders in this market. However, the lack of consumer awareness about ancient grains restrains the market’s growth.
The global ancient grains market is segmented by crop type (wheat [bulgur, einkorn, emmer, kamut, freekeh, spelt], barley, quinoa, chia, millets, sorghum, amaranth, and other ancient grains); grain type (gluten-free ancient grains, gluten containing ancient grains); application (food [bakery & confectionery, breakfast cereals, snacks, infant food, frozen food, and other food products], beverages, animal feed & pet food, and other applications); and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyses the market at the regional and country levels.
Based on crop type, the quinoa segment is slated to register the highest CAGR during the forecast period of 2023–2030. The growth of this segment is primarily attributed to the increasing consumer awareness about the nutritional and health benefits of quinoa, increasing demand for gluten-free products, and growing health consciousness among consumers. In addition, consumers’ growing preference for quinoa as a substitute for rice is further expected to support the growth of this market in the upcoming years.
Based on grain type, the gluten-free ancient grains segment is expected to account for the larger share of the global ancient grains market in 2023. The rising prevalence of celiac disease and consumers' growing preference for healthier foods are some of the major factors driving the growth of this market. Moreover, 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 rising trend of gluten-free products in the food industry.
Based on application, the beverages segment is projected to register the highest CAGR during the forecast period of 2023–2030. The growth of this segment is mainly attributed to the growing demand for plant-based beverages, rising consumer preference for healthy drinks and powders, and increasing demand for non-alcoholic beverages. Furthermore, to gain market opportunities from rising health consciousness and growing demand for health drinks, beverage manufacturers have started diversifying their product portfolio with new ranges that include ancient grains offering functional benefits, which is expected to further support the growth of this market.
Based on geography, in 2023, North America is expected to account for the largest share of the global ancient grains market. North America’s major market share is attributed to the rising health and wellness trends, rising consumer preferences for superfoods, growing consumer awareness regarding the health benefits of ancient grains, and increasing demand for healthy and convenient foods.
The key players operating in the global 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), Natur Gold Global Kft. (Hungary), Terra Ingredients, LLC (U.S.), The Scoular Company (U.S.), and VDF FutureCeuticals, Inc. (U.S.).
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