Global Spelt Market 2018-2022
Spelt is an ancient grain that contains less amount of gluten than modern wheat and also contains various nutritional elements such as dietary fiber, vitamins, and minerals.
Technavio’s analysts forecast the global spelt market to grow at a CAGR of 4.60% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global spelt market for 2018-2022. To calculate the market size, the report considers the sales of various types of spelt such as organic spelt and conventional spelt.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Spelt Market 2018-2022
Technavio recognizes the following companies as the key players in the global spelt market: Archer Daniels Midland Company, ARDENT MILLS, Cargill, Doves Farm Foods, Hain Celestial, and Sharpham Park.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is rising demand for organic food. The demand for organic food is increasing among consumers. They increasingly prefer organic variants for all the conventional food and beverage products. The growing incidences of health-related issues are making them more conscious about the food they consume. In this regard, consumers are looking for labels and certificates that describe the whole collection of product attributes.”
According to the report, one of the major drivers for this market is Change in food preferences among consumers. Consumers are shifting from traditional to modern eating habits owing to their changing lifestyle. They are increasingly choosing working lifestyle with increasing focus on education, especially women. And, the busy lifestyle begets need for healthier food habits. Furthermore, increasing rates of urbanization is also influencing eating habit of the consumers. They are willing to try various cuisines and ingredients owing to the exposure to worldwide culture.
Further, the report states that one of the major factors hindering the growth of this market is Shortage of spelt. The global spelt market is facing challenges due to the shortage of spelt. Owing to the increasing demand from consumers, supply is not meeting demand. This is leading to various situations which are hindering the growth of the market. The shortage of spelt is a result of poor harvests. This is affecting the entire supply chain. It demotivates the farmers as well as distributors and affects the profit margins at each stage of the supply chain.
Archer Daniels Midland Company, ARDENT MILLS, Cargill, Doves Farm Foods, Hain Celestial, and Sharpham Park.