The Growing Adoption of Grains with Ancient Characteristics Across the World Has Been a Key Growth Propeller for the Triticum Spelta Market During the Forecast Period Of 2022-2027.

Triticum Spelta Market Size is estimated to reach $354.1 million by 2027 and it is poised to grow at a CAGR of 14.2% over the forecast period of 2022-2027. According to Ardent Mills report 2022, consumers are willing to pay an additional 10% to 15% when purchasing a retail item that contains ancient grains. Moreover, 26% of respondents in the Ardent Mills investigation indicated that they would buy goods made with ancient grains and 38% said they probably would. Consumers are increasingly adopting ancient wheat grain products as they are typically thought to be more nutrient-dense compared to modern commercial grains that have been engineered for better yield. In addition, many ancient grains are being marketed as whole grains, fiber-rich or gluten-free or GMO-free. Ancient grains are being added to foods like pizza crust, bars, smoothies and yogurt as millennials are gravitating toward healthier food options. Ancient grains are playing a significant role in the American diet owing to their advantages in terms of nutrition and health food, low cost and ability to be consumed either on their own or as a component of more elaborate foods or recipes. Ancient grains have been engineered to resist disease, pests and drought owing to agricultural technology, which is one of the major factors driving the market growth. 

Triticum Spelta Market - Drivers

Increased Consumption of Health Food Products Containing Nutritional Values is Driving the Triticum Spelta Market.

According to the Multidisciplinary Digital Publishing Institute (MDPI) report 2021, demand for spelt wheat has rapidly increased over the last 20 years and is predicted to continue to increase by 5% annually, owing to its increased nutritional value in the world's wheat market. Spelt wheat has a higher protein content, a sweeter flavor and provides bread a pleasant nutty flavor. Spelt wheat is becoming more well-known on a global scale owing to its capacity to dissolve in water more quickly than other types of wheat flour on the market. The proteins and lipids in spelt wheat are higher and the fiber content is higher. Additionally, it has higher concentrations of critical amino acids, which the body cannot produce on its own and must be obtained from outside sources. This rising inclination towards products with high nutritional values is propelling the growth of the Triticum Spelta Market in the projected period of 2022-2027.

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The Increasing Pet Adoptions Across the World Has Created Immense Demand for Triticum Spelta.

Pet adoption across the world has skyrocketed in the last decade, primarily in the last two years owing to COVID-19. As per Pet Food Industry, 2021, within Europe the pet-ownership number stands at 88 million households or nearly 38% of the entire household population owning a pet. Moreover, the recent surge in the adoption of pets has been backed by research and the benefits of owning a pet. Apart from the appreciated friendship with humans, research and insights have provided that animal ownership alleviates some of the detrimental psychological effects of lockdowns and social restrictions. Research undertaken during the pandemic has shown that 74% of pet owners believe their pet has helped their mental health and 86.5% agreed their animals had provided emotional support.

The Major Players In The Market Include-

The major players in the Triticum Spelta Market include Cargill, Ardent Mills, The Spelt Company Somerset Ltd., Arrowhead Mills Inc., Sharpham Park, Bob's Red Mill, Kalustyan Corporation, Montana Flour & Grains, Arnreiter Mühle and Bluebird Grain Farms.

Over the years, major market players have focused on different forms of product launches and technology advancements to increase the production and yield of Triticum Spelta. Moreover, various companies are following sustainable practices to increase their overall presence in the marketplace. The continuous development along with government support and increasing demand for nutritious products will drive the Triticum Spelta Market in the forecast period of 2022-2027.