Spelt Wheat Market 2024 Set to Achieve Phenomenal Revenue Growth in the Near Future

Explore the Report Ocean publication titled ‘Spelt Wheat Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032’

Analysis and Growth Projection for the Global Spelt Wheat Market:

Global Spelt Wheat Market is valued approximately USD $$ billion in 2023 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2024-2032. Spelt Wheat also known as dinkel wheat or hulled wheat is an ancient cereal grain native to southern Europe. Spelt wheat is considered healthier than other conventional wheat species.

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Spelt Wheat are considered good source of essential amino acids, vitamins, and minerals such as iron, manganese, and zinc among others. The increasing consumption of bread & cereals products and growing demand from brewery industry as well as nutritional benefits associated with Spelt wheat are key factors accelerating the market growth.

The increasing consumption of bread & cereals products is contributing to the growth of the Global Spelt Wheat Market. For instance, according to Statista – as of 2022, revenue in the Bread & Bakery Products segment worldwide is estimated at USD 1,085 billion, and the market is projected to grow annually by 7.70% (CAGR 2022-2027) to reach to USD 1572.20 billion by end of 2027. In addition, in 2022 globally most revenue is generated in China (USD 231.90 billion), and average volume per person in the Bread & Bakery Products segment is expected to amount to 142.7 kg. Also, rising investment in food processing industry and growing number of health-conscious individuals would create lucrative growth prospectus for the market over the forecast period. However, the supply demand gap arising due to shortage of Spelt Wheat stifles the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Spelt Wheat Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the presence of leading market players operating in the Spelt Wheat space and the region being the origin and highest producer of Spelt Wheat. Whereas North America is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising consumption of cereal based bread and bakery products coupled with increasing popularity of plant based food & beverage products in the region.

Major market players included in this report are:
Arnreiter Muhle GmbH
Pfahnl Backmittel GmbH
European Flour Millers
Blattmann Schweiz AG
Einbrunger Muhle Karl Rolkens
Ardent Mills
Bob’s Red Mill Natural Foods
Healthy Hildegard
Montana Flour & Grains
The Spelt Company Somerset Ltd

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Recent Developments in the Market:

In July 2019, Germany based Kroner-Starke GmbH has launched its new clean label spelt gluten and starches range for bakery and meat processing industries. The new Spelt Gluten and Spelt Starches contain no additives and are GMO-free.

In September 2021, Colorado, United States based Ardent Mills LLC entered in an agreement to acquire Firebird Artisan Mills. Firebird Artisan mills is part of Leawood, Kansas based Agspring, a holding company and specializes in whole grain and milling of gluten-free specialty grains and pulses.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Nature
Organic
Conventional

By End User
Food Industry
Feed Industry

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By Distribution Channel
Direct
Indirect

By Region:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • ROE (Rest of Europe)
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • RoAPAC (Rest of Asia Pacific)
• Latin America
  • Brazil
  • Mexico
• Rest of the World

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Highlighting Key Aspects in Spelt Wheat Market Report:

Business Overview: In-depth exploration of the company’s operations and business divisions.

Corporate Strategy: Concise summary of the company’s strategic approach to business.

SWOT Analysis: Comprehensive examination of the company’s strengths, weaknesses, opportunities, and threats.

Company History: Chronological account of significant events shaping the company’s trajectory.

Key Products and Services: Catalog of prominent products, services, and brand offerings by the company.

Competitive Landscape: Identification of major competitors in the industry.

Strategic Locations and Subsidiaries: Inventory and contact details of pivotal locations and subsidiaries.

Financial Performance Analysis: Comprehensive financial ratios from the company’s annual financial statements, spanning the last five years.

Why Invest in This Report?

– Accelerate your decision-making process with rapid and time-critical insights.

– Uncover pivotal growth and investment prospects within the Spelt Wheat market.

– Make informed decisions supported by robust historical and forecast data for the Spelt Wheat market.

– Strategically position yourself to harness the industry’s maximum growth potential.

– Pinpoint crucial partners and avenues for business development.

– Gain a comprehensive understanding of your competitors’ business landscape, strategies, and future prospects.

Frequently Asked Questions:

➟ What primarily fuels the expansion of the Spelt Wheat market?

➟ What factors impede the market’s progress?

➟ Who stands out as the pivotal players in the market?

➟ Which geographical area commands the largest market share?

➟ What recent developments characterize the trends in the Spelt Wheat market?

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