Global Spelt Market Overview
Spelt Market Size was estimated at 8.58 (USD Billion) in 2022. The Spelt Market Industry is expected to grow from 9.1(USD Billion) in 2023 to 15.39 (USD Billion) by 2032. The Spelt Market CAGR (growth rate) is expected to be around 6.02% during the forecast period (2024 - 2032).
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Spelt Market Trends Highlighted
The spelt market is experiencing a surge in demand due to rising health consciousness and the growing popularity of ancient grains. Consumers are increasingly seeking nutritious and sustainable food options, and spelt fits the bill perfectly. Its high fiber content promotes digestive health, while its rich supply of vitamins, minerals, and protein supports overall well-being.
Key market drivers include the increasing prevalence of celiac disease and gluten intolerance, as spelt is a naturally gluten-free grain. Additionally, the growing popularity of plant-based diets is fuelling demand for alternative sources of protein, and spelt is an excellent plant-based source of amino acids.
Recent trends in the spelt market include the emergence of new product innovations, such as spelt flour, pasta, and cereals. These products cater to the growing demand for convenience and variety among consumers. Another trend is the increasing number of farmers cultivating spelt, driven by rising demand and the grain's resilience in various climatic conditions.
Spelt Market Drivers
Increasing demand for gluten-free and healthy food products
Spelt is a type of ancient grain that is naturally gluten-free and high in fiber, protein, and essential nutrients. The growing demand for gluten-free and healthy food products is expected to drive the growth of the Spelt Market Industry. Consumers are becoming increasingly aware of the health benefits of gluten-free diets, and spelt is a nutritious and versatile grain that can be used in a variety of food products. Spelt is also a good source of fiber, which is important for digestive health and can help to reduce the risk of heart disease and obesity.The increasing popularity of plant-based diets is also expected to contribute to the growth of the Spelt Market Industry, as spelt is a good source of plant-based protein. Overall, the increasing demand for gluten-free and healthy food products is expected to be a major driver of growth for the Spelt Market Industry in the coming years.
Growing popularity of organic and sustainable farming practices
The growing popularity of organic and sustainable farming practices is another factor expected to drive the growth of the Spelt Market Industry. Consumers are becoming increasingly interested in purchasing food products that are produced using sustainable and environmentally friendly methods. Spelt is a relatively low-maintenance crop that can be grown without the use of pesticides or herbicides, making it an ideal choice for organic farmers. The increasing availability of organic spelt is expected to make it more accessible to consumers and further drive the growth of the Spelt Market Industry.
Expansion of the food and beverage industry
The expansion of the food and beverage industry is also expected to contribute to the growth of the Spelt Market Industry. Spelt is a versatile grain that can be used in a variety of food and beverage products, including bread, pasta, cereal, and beer. The growing demand for healthy and innovative food and beverage products is expected to drive the use of spelt in new and creative ways. Food and beverage manufacturers are also increasingly looking for ways to reduce the gluten content of their products, and spelt is a good option for this purpose.The expansion of the food and beverage industry is expected to create new opportunities for spelt and further drive the growth of the Spelt Market Industry.
Spelt Market Segment Insights:
Spelt Market Variety Insights
The Spelt Market is segmented based on variety into Common Spelt, Red Spelt, Green Spelt, and White Spelt. Common Spelt holds the largest market share due to its widespread cultivation and adaptability to diverse climatic conditions.
Red Spelt is gaining popularity for its nutritional value and distinct flavor profile, contributing to its steady growth in the market. Green Spelt, known for its high protein content, is primarily used in niche applications such as organic and gluten-free products. This growth is attributed to the increasing demand for gluten-free alternatives, the growing popularity of organic and natural products, and the rising awareness of Spelt's nutritional benefits.The market is highly competitive, with key players investing in research and development to expand their product offerings and cater to evolving consumer preferences. Innovation in packaging and distribution channels is also driving market growth, making spelt more accessible to consumers worldwide.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Spelt Market Application Insights
The Spelt Market is segmented by application into Food Beverages, Cosmetics, Pharmaceuticals, and Animal Feed. The Food Beverages segment held the largest market share in 2023 and is projected to continue dominating the market throughout the forecast period. The growing demand for organic and gluten-free products is driving the growth of this segment.
The Cosmetics segment is also expected to witness significant growth during the forecast period, owing to the increasing use of spelt in skincare and haircare products. The Pharmaceuticals segment is expected to grow at a steady pace, driven using spelt in dietary supplements and nutraceuticals.The Animal Feed segment is expected to witness moderate growth, due to the increasing demand for organic and sustainable feed ingredients.
Spelt Market Distribution Channel Insights
The distribution channel segment plays a crucial role in the accessibility and availability of spelt products to consumers. Supermarkets and hypermarkets dominate the distribution landscape, accounting for a substantial share of the Spelt Market revenue. Their extensive network of physical stores provides consumers with convenient access to a wide range of spelt products. Online stores have emerged as a significant distribution channel, offering consumers the ease and convenience of shopping from home. They have gained popularity, particularly among urban consumers, and are expected to continue growing in the coming years.Health food stores cater to a niche market of health-conscious consumers seeking organic and natural food options. They offer a specialized selection of spelt products, including organic, gluten-free, and non-GMO varieties. Other distribution channels, such as specialty stores and farmers' markets, contribute to the overall market growth by providing local and artisanal spelt products to consumers.
Spelt Market Product Form Insights
The Spelt Market segmentation by product form comprises Flour, Grains, Bread, Pasta, and Others. Among these, Flour holds the largest market share due to its extensive use in various food products, including bread, pasta, and baked goods.
In 2023, the Flour segment generated a revenue of 4.2 billion USD and is poised to grow at a CAGR of 6.5% during the forecast period. Grains, another significant segment, account for a sizable market share attributed to their use in breakfast cereals, salads, and other culinary applications. The Bread segment is witnessing increasing demand due to the rising popularity of artisanal and specialty breads.Pasta, with its convenience and versatility, is also gaining traction in the market. The Others segment includes products like spelt flakes, spelt bran, and spelt syrup, which cater to niche consumer preferences and contribute to the overall market growth.
Spelt Market Regional Insights
The Spelt Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, North America is expected to hold the largest market share in 2023, owing to the increasing demand for spelt products in the region.
Europe is expected to be the second-largest market for spelt, followed by APAC. The APAC region is expected to witness the highest growth rate during the forecast period, due to the rising health consciousness and increasing disposable income in the region. South America and MEA are expected to contribute a smaller share to the Spelt Market, but are expected to grow at a steady pace during the forecast period.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Spelt Market Key Players And Competitive Insights:
Major players in Spelt Market are constantly striving to gain a competitive edge by investing in research and development, expanding their product portfolios, and entering strategic partnerships. Leading Spelt Market players are focusing on developing innovative products that cater to the evolving needs of consumers, such as organic, gluten-free, and ancient grain varieties.
To strengthen their market position, companies are also engaging in mergers and acquisitions to consolidate their market share. The Spelt Market industry is expected to witness further consolidation in the coming years, as major players seek to expand their global footprint and enhance their competitive advantage.A notable competitor in the Spelt Market is Bay State Milling Company, a prominent player in the North American region. The company offers a range of spelt products, including organic, whole grain, and stone-ground varieties. Bay State Milling is known for its commitment to sustainable farming practices and its focus on providing high-quality ingredients to food manufacturers and consumers. The company has a strong distribution network and a loyal customer base, which contributes to its competitive position in the market.Another key competitor in the Spelt Market is Agro-Mill, a leading European supplier of organic and conventional spelt. The company operates in multiple countries and has a strong presence in the UK, Germany, and France. Agro-Mill offers a comprehensive range of spelt products, including flour, flakes, and grains, catering to the diverse needs of its customers. The company is committed to providing traceable and sustainable products, which has earned it a reputation for quality and reliability. Agro-Mill's extensive distribution network and established relationships with food manufacturers and retailers contribute to its competitive advantage in the Spelt Market.
Key Companies in the Spelt Market Include:
- Kialla Organic Farms
- Molino di Faver
- Hodgson Mill
- The Organic Grain Company
- NuLife Market
- Triticum
- Skoumbourdis Flour Mills
- Bio Line
- Morgan Springs
- Marchigiana
- Montana Flour Mills
- Heartland Mill
- Molino Rossetto
- Central Milling
- Hampton Mills
Spelt Market Industry Developments
The Spelt Market is projected to reach USD 15.4 billion by 2032, exhibiting a CAGR of 6.02% from 2024 to 2032. The increasing awareness of the health benefits associated with spelt, such as its high fiber and protein content, is driving market growth.
Additionally, the growing demand for gluten-free products and the rising popularity of spelt in food applications such as bread, pasta, and breakfast cereals are contributing to market expansion. Emerging economies in Asia Pacific and Latin America are expected to present lucrative growth opportunities for spelt manufacturers in the coming years.
Spelt Market Segmentation Insights
-
Spelt Market Variety Outlook
- Common Spelt
- Red Spelt
- Green Spelt
- White Spelt
-
Spelt Market Application Outlook
- Food Beverages
- Cosmetics
- Pharmaceuticals
- Animal Feed
-
Spelt Market Distribution Channel Outlook
- Supermarkets/Hypermarkets
- Online Stores
- Health Food Stores
- Others
-
Spelt Market Product Form Outlook
- Flour
- Grains
- Bread
- Pasta
- Others
-
Spelt Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
8.58(USD Billion) |
| Market Size 2023 |
9.1(USD Billion) |
| Market Size 2032 |
15.4(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
6.02% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Kialla Organic Farms, Molino di Faver, Hodgson Mill, The Organic Grain Company, NuLife Market, Triticum, Skoumbourdis Flour Mills, Bio Line, Morgan Springs, Marchigiana, Montana Flour Mills, Heartland Mill, Molino Rossetto, Central Milling, Hampton Mills |
| Segments Covered |
Variety, Application, Distribution Channel, Product Form, Regional |
| Key Market Opportunities |
Gluten-free Functional Food Demand Rising Health and Wellness Trend Food and Beverage Innovations Expansion in Emerging Markets Organic and NonGMO Spelt Production |
| Key Market Dynamics |
Rising health consciousness Increasing demand for organic products Growing popularity of gluten-free diets Expansion of ecommerce channels Product innovation and new product launches |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Spelt Market was valued at USD 9.1 billion in 2023 and is expected to reach USD 15.4 billion by 2032, exhibiting a CAGR of 6.02% during the forecast period.
Europe is expected to dominate the Spelt Market, with Germany, France, and the United Kingdom being the major contributors. The demand for spelt in Europe is primarily driven by its growing popularity as a healthier alternative to wheat and increasing awareness about its nutritional value.
The growth of the Spelt Market is primarily attributed to the increasing health consciousness among consumers, growing demand for gluten-free products, and rising popularity of organic and natural food products.
Spelt is primarily used in the production of bread, pasta, and other baked goods. It is also used in the manufacturing of breakfast cereals, snacks, and pet food.
The key competitors in the Spelt Market include AAK AB, Archer Daniels Midland Company, Bunge Limited, Cargill, Incorporated, and Louis Dreyfus Company.
The Spelt Market faces challenges such as limited availability of raw materials, fluctuating prices, and competition from other gluten-free grains like quinoa and amaranth.
The Spelt Market presents opportunities for growth due to the increasing demand for healthy and natural food products, rising awareness about the nutritional benefits of spelt, and growing popularity of gluten-free diets.
The Spelt Market is expected to witness a CAGR of 6.02% during the forecast period from 2023 to 2032.
The key trends in the Spelt Market include the rising popularity of organic and non-GMO spelt, increasing demand for gluten-free products, and growing adoption of spelt in the foodservice industry.
The potential risks associated with the Spelt Market include adverse weather conditions affecting crop yields, contamination of spelt grains, and economic downturns impacting consumer spending.
