Press release
Supergrains Market Size 2024 to 2031.
Market Overview and Report CoverageSupergrains refer to a group of grains that are considered to be highly nutritious and beneficial for health. These grains include quinoa, chia seeds, amaranth, buckwheat, and teff, among others. They are packed with essential nutrients such as protein, fiber, vitamins, and minerals, making them a popular choice among health-conscious consumers.
The Supergrains Market is currently experiencing steady growth and is expected to continue expanding in the coming years. Factors driving this growth include increasing awareness about the health benefits of supergrains, rising demand for natural and organic food products, and a shift towards healthier eating habits among consumers.
Moreover, the growing prevalence of chronic diseases such as obesity, diabetes, and heart disease is also contributing to the market's growth as supergrains are known to help in managing these conditions. Additionally, the availability of a wide range of supergrain products in various forms such as grains, flours, and snacks is further fueling market growth.
Overall, the Supergrains Market is forecasted to grow at a CAGR of 7.00% during the forecasted period, indicating ample opportunities for manufacturers and retailers in this segment. With increasing demand for healthy and nutritious food options, the future outlook for the supergrains market appears promising.
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Market Segmentation
The Supergrains Market Analysis by types is segmented into:
• Freekeh
• Kamut
• Teff
• Millet
• Bulgur
• Buckwheat
• Fonio
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Supergrains like Freekeh, Kamut, Teff, Millet, Bulgur, Buckwheat, and Fonio are gaining popularity in the market due to their nutritional value and versatility in cooking. Freekeh is roasted green wheat, Kamut is an ancient wheat variety, Teff is a tiny grain rich in iron, Millet is gluten-free and high in fiber, Bulgur is a cracked wheat product, Buckwheat is a gluten-free seed, and Fonio is a West African grain with a nutty flavor. These supergrains offer a variety of textures and flavors for consumers seeking healthier alternatives.
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The Supergrains Market Industry Research by Application is segmented into:
• Bakery and Confectionery Products
• Snacks
• Beverage
Supergrains have gained popularity in various food sectors, particularly in bakery and confectionery products where they are used as healthy alternatives to traditional grains. They are also incorporated into snacks for added nutritional benefits and texture. In the beverage market, supergrains are used in products like smoothies and energy drinks to enhance their health profile. Overall, supergrains offer a versatile and nutritious ingredient option for manufacturers looking to cater to health-conscious consumers across different food and beverage categories.
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In terms of Region, the Supergrains Market Players available by Region are:
North America:
• United States
• Canada
Europe:
• Germany
• France
• U.K.
• Italy
• Russia
Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia
Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia
Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea
What are the Emerging Trends in the Global Supergrains market?
Several emerging trends are shaping the global supergrains market, including the rising consumer demand for healthy and natural ingredients, the increasing popularity of plant-based diets, and the growing focus on sustainable and environmentally-friendly products. Supergrains like quinoa, amaranth, and chia seeds are gaining traction for their nutritional benefits and versatility in various food products. Additionally, the trend towards gluten-free and allergen-friendly foods is driving the adoption of supergrains as alternatives to traditional grains. As consumers become more health-conscious and conscious about their food choices, the supergrains market is expected to continue its upward trajectory.
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Major Market Players
Ardent Mills is one of the largest flour milling companies in the United States, with a history dating back over 150 years. The company specializes in producing a variety of grain-based products, including supergrains like quinoa and chia seeds. Ardent Mills has experienced steady market growth over the years, driven by increasing consumer demand for healthier food options. The company's market size is estimated to be in the billions of dollars.
ADM, or Archer Daniels Midland Company, is a global leader in the production of agricultural commodities and ingredients, including supergrains. The company has a long history of innovation and sustainability in the food industry. ADM's market growth has been fueled by a growing interest in plant-based and natural food products. The company's market size is significant, with annual sales revenue in the billions.
General Mills is a well-known multinational food company that has a strong presence in the supergrains market. The company produces a wide range of grain-based products, including cereals, snacks, and baking mixes that feature supergrains like quinoa, amaranth, and flaxseed. General Mills has seen steady market growth in recent years, driven by consumer demand for healthier and more nutritious food options. The company's market size is estimated to be in the multi-billion dollar range.
In terms of sales revenue, some of the above-listed companies have reported impressive numbers. For example, General Mills reported annual sales revenue of over $17 billion in 2020. ADM's annual sales revenue for the same year was over $62 billion. Ardent Mills does not publicly disclose its sales revenue figures, but the company is estimated to have annual revenue in the billions of dollars as well.
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