Ancient Grains Market Projected to Reach $10.52 Billion by 2030-Exclusive Insights by Meticulous Research®

[Redding, California,13-03-2024] - The global ancient grains market is poised for substantial growth, with Meticulous Research® forecasting it to reach $10.52 billion by 2030, at a remarkable CAGR of 37.6% from 2023 to 2030. This insight emerges from the comprehensive market analysis presented in the latest report titled 'Ancient Grains Market by Crop Type, Grain Type, Application-Global Forecast to 2030.'

Ancient grains represent a category of grains that have retained their essence over centuries, boasting a diverse range including amaranth, quinoa, chia, millets, and sorghum, among others. These grains, prized for their superior nutritional profiles, exhibit higher fiber, protein, and essential nutrient content compared to modern processed grains. Moreover, their cultivation often requires fewer pesticides, fertilizers, and irrigation, aligning with the sustainability priorities of discerning consumers.

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Consumer interest in the health benefits of ancient grains continues to surge. A survey conducted by Ardent Mills in August 2021 found that 63% of respondents were familiar with ancient grains, with 90% expressing interest in learning more about them. Additionally, a significant majority indicated willingness to pay premiums for products containing ancient grains, further underscoring the growing market demand.

The global landscape of the ancient grains market is characterized by a mix of large and small players operating at global, regional, and local levels. Key industry players include Ancient Golden Mill, Archer-Daniels-Midland Company, Ardent Mills, Bob's Red Mill Natural Foods, Glanbia plc, and Great River Organic Milling, among others.

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The comprehensive report provides historical market data for 2021 and 2022, estimates for 2023, and forecasts up to 2030. Market segmentation is based on crop type, grain type, application, and geography, enabling stakeholders to make informed decisions.

Key Findings from the Global Ancient Grains Market Study:

Crop Type: The quinoa segment is anticipated to witness the highest CAGR during the forecast period, driven by increasing consumer awareness of its nutritional benefits and its popularity as a gluten-free alternative.

Grain Type: Gluten-free ancient grains are expected to dominate the market in 2023, buoyed by rising demand for gluten-free products and growing health consciousness among consumers.

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Application: The food segment, particularly bakery and confectionery, is poised to command the largest share of the market in 2023, driven by the increasing incorporation of ancient grains in bakery products and the rising demand for healthy, plant-based alternatives.

Geography: Asia-Pacific is forecasted to register the highest CAGR during the period from 2023 to 2030, attributed to growing interest in ancient grains and initiatives promoting their cultivation and consumption.

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