Ancient Grains Market Set to Reach $10.52 Billion by 2030

[Redding, California , 15-02-2024] - Meticulous Research®, a renowned leader in global market research, has unveiled its latest report, titled 'Exploring the Ancient Grains Market: A Comprehensive Outlook on Crop Types, Grain Varieties, and Industry Trends.' This in-depth analysis forecasts a substantial growth trajectory for the global ancient grains market, projecting a value of $10.52 billion by the year 2030, with a remarkable compound annual growth rate (CAGR) of 37.6% from 2023 to 2030.

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The surge in the ancient grains market can be attributed to several factors, including a notable shift in consumer preferences towards natural and health-conscious foods. As consumers increasingly seek healthier dietary choices, the demand for ancient grains has surged significantly. Furthermore, the market has been fueled by the development of innovative food and beverage products incorporating ancient grains, along with a rising inclination towards gluten-free alternatives. The trend towards plant-based and vegan diets, coupled with the growing popularity of superfoods, has also played a pivotal role in propelling market growth.

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However, despite these favorable market conditions, challenges such as limited consumer awareness about ancient grains have posed constraints to the market's expansion.

The report segments the global ancient grains market by crop type, including wheat (bulgur, einkorn, emmer, kamut, freekeh, spelt), barley, quinoa, chia, millets, sorghum, amaranth, and other ancient grains. Additionally, it categorizes grain types into gluten-free and gluten-containing varieties, while exploring diverse applications spanning food (bakery & confectionery, breakfast cereals, snacks, infant food, frozen food, and other food products), beverages, animal feed & pet food, and other sectors across various geographies.

Among the findings, the quinoa segment emerges as a frontrunner, projected to register the highest CAGR during the forecast period, driven by increasing consumer awareness of its nutritional benefits and rising demand for gluten-free alternatives. Similarly, the gluten-free ancient grains segment is anticipated to dominate the market initially and maintain a robust growth trajectory, supported by the escalating prevalence of celiac disease and growing consumer preference for healthier dietary options.

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Geographically, North America is poised to lead the global ancient grains market, attributed to prevailing health and wellness trends, consumer preference for superfoods, and increasing awareness regarding the health advantages of ancient grains.

Key players in the ancient grains market landscape include 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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This release was published on openPR.