The spelt market is projected to grow by USD 15.29 billion with a CAGR of 4.75% during the forecast period 2021 to 2026.
This spelt market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers spelt market segmentation by product (conventional spelt and organic spelt) and geography (Europe, North America, APAC, South America, and the Middle East and Africa). The spelt market report also offers information on several market vendors, including Archer Daniels Midland Co., Ardent Mills LLC, Bunge Ltd., Cargill Inc., CHS Inc., Doves Farm Foods Ltd. Co., Goodman Fielder Pty Ltd., Hormel Foods Corp., JBS SA, Kerry Group Plc, Marico Ltd., Nestle SA, PepsiCo Inc., Sharpham Park, Sysco Corp., The Hain Celestial Group Inc., Tyson Foods Inc., and Marubeni Corp. among others.
What will the Spelt Market Size be During the Forecast Period?
Download Report Sample to Unlock the Spelt Market Size for the Forecast Period and Other Important Statistics
Spelt Market: Key Drivers, Trends, and Challenges
Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends and challenges for spelt market. In the COVID-19 pandemic, the demand in the spelt market has been impacted significantly. A holistic analysis of drivers will help in predicting exact demands and refining marketing strategies to gain a competitive advantage.
Key Spelt Market Driver
Change in food preferences among consumers is one of the factors driving the spelt market growth. Consumers select food items based on the ingredients and taste preferences. This is positively influencing the market as consumers are willing to try different grains like spelt. In most countries, consumers generally use grains like wheat, rice, barley, and others; and changes in food preference will motivate them to use spelt. Therefore, the change in food preferences among consumers is driving the growth of the market.
Key Spelt Market Trend
The growing adoption of e-commerce channels is one of the key spelt market trends fueling the market growth. The most common distribution formats for spelt products are supermarkets and hypermarkets, convenience stores, and discount stores. Since the outbreak of COVID-19 in 2020, there has been an increasing popularity of online shopping among consumers. Online portals provide an easy and convenient method of shopping, and also, consumers can get a wide variety of products in one place in the comfort of their home. Thus, the growing adoption of e-commerce channels will increase the sales of spelt products during the forecast period.
Key Spelt Market Challenge
The shortage of spelt is one of the key factors challenging the spelt market growth. Supply is not keeping up with demand since consumer demand is rising. This is causing a number of issues, which are preventing the market from expanding. The shortage of spelt is a result of poor harvests. Moreover, the lack of availability of the required quantity of spelt to satisfy the demand is leading to an increase in its price, which affects the purchasing decision of customers. This reduces sales and shrinks the market size below its actual potential. Thus, such factors may hamper the growth of the market in the near future.
This spelt market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the global spelt market as a part of the global packaged foods and meats market under the global food products segment of the global food, beverage, and tobacco market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the spelt market during the forecast period.
Who are the Major Spelt Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Archer Daniels Midland Co.
- Ardent Mills LLC
- Bunge Ltd.
- Cargill Inc.
- CHS Inc.
- Doves Farm Foods Ltd. Co.
- Goodman Fielder Pty Ltd.
- Hormel Foods Corp.
- JBS SA
- Kerry Group Plc
- Marico Ltd.
- Nestle SA
- PepsiCo Inc.
- Sharpham Park
- Sysco Corp.
- The Hain Celestial Group Inc.
- Tyson Foods Inc.
- Marubeni Corp.
This statistical study of the spelt market encompasses successful business strategies deployed by the key vendors. The spelt market is fragmented, and the vendors are deploying growth strategies such as quality, price, service, brand image, distribution, and marketing to compete in the market.
Product Insights and News
- Archer Daniels Midland Co. - It is a public company headquartered in the US. It is a global company generating $85,249 million in revenues and has around 41,000 employees. Its revenue from the global spelt market contributes to its overall revenues along with its other offerings. In addition, the company offers spelt such as sweeteners, beans, pulses, and nuts.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The spelt market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Spelt Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the spelt market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Which are the Key Regions for Spelt Market?
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Product
- 5.1 Market segments
- Exhibit 24: Chart on Product - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
- 5.2 Comparison by Product
- Exhibit 26: Chart on Comparison by Product
- Exhibit 27: Data Table on Comparison by Product
- 5.3 Conventional spelt - Market size and forecast 2021-2026
- Exhibit 28: Chart on Conventional spelt - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Conventional spelt - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Conventional spelt - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Conventional spelt - Year-over-year growth 2021-2026 (%)
- 5.4 Organic spelt - Market size and forecast 2021-2026
- Exhibit 32: Chart on Organic spelt - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Organic spelt - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Organic spelt - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Organic spelt - Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by Product
- Exhibit 36: Market opportunity by Product ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison
- 7.3 Europe - Market size and forecast 2021-2026
- Exhibit 42: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.4 North America - Market size and forecast 2021-2026
- Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.5 APAC - Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 Germany - Market size and forecast 2021-2026
- Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.10 UK - Market size and forecast 2021-2026
- Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.11 Italy - Market size and forecast 2021-2026
- Exhibit 74: Chart on Italy - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Italy - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Italy - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Italy - Year-over-year growth 2021-2026 (%)
- 7.12 Spain - Market size and forecast 2021-2026
- Exhibit 78: Chart on Spain - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Spain - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Spain - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Spain - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 86: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 87: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification
- 10.3 Archer Daniels Midland Co.
- Exhibit 89: Archer Daniels Midland Co. - Overview
- Exhibit 90: Archer Daniels Midland Co. - Business segments
- Exhibit 91: Archer Daniels Midland Co. - Key offerings
- Exhibit 92: Archer Daniels Midland Co. - Segment focus
- 10.4 Ardent Mills LLC
- Exhibit 93: Ardent Mills LLC - Overview
- Exhibit 94: Ardent Mills LLC - Product / Service
- Exhibit 95: Ardent Mills LLC - Key offerings
- 10.5 Cargill Inc.
- Exhibit 96: Cargill Inc. - Overview
- Exhibit 97: Cargill Inc. - Product / Service
- Exhibit 98: Cargill Inc. - Key news
- Exhibit 99: Cargill Inc. - Key offerings
- 10.6 Doves Farm Foods Ltd. Co.
- Exhibit 100: Doves Farm Foods Ltd. Co. - Overview
- Exhibit 101: Doves Farm Foods Ltd. Co. - Product / Service
- Exhibit 102: Doves Farm Foods Ltd. Co. - Key offerings
- 10.7 JBS SA
- Exhibit 103: JBS SA - Overview
- Exhibit 104: JBS SA - Business segments
- Exhibit 105: JBS SA - Key offerings
- Exhibit 106: JBS SA - Segment focus
- 10.8 Nestle SA
- Exhibit 107: Nestle SA - Overview
- Exhibit 108: Nestle SA - Business segments
- Exhibit 109: Nestle SA - Key news
- Exhibit 110: Nestle SA - Key offerings
- Exhibit 111: Nestle SA - Segment focus
- 10.9 Sharpham Park
- Exhibit 112: Sharpham Park - Overview
- Exhibit 113: Sharpham Park - Product / Service
- Exhibit 114: Sharpham Park - Key offerings
- 10.10 Sysco Corp.
- Exhibit 115: Sysco Corp. - Overview
- Exhibit 116: Sysco Corp. - Business segments
- Exhibit 117: Sysco Corp. - Key offerings
- Exhibit 118: Sysco Corp. - Segment focus
- 10.11 The Hain Celestial Group Inc.
- Exhibit 119: The Hain Celestial Group Inc. - Overview
- Exhibit 120: The Hain Celestial Group Inc. - Business segments
- Exhibit 121: The Hain Celestial Group Inc. - Key news
- Exhibit 122: The Hain Celestial Group Inc. - Key offerings
- Exhibit 123: The Hain Celestial Group Inc. - Segment focus
- 10.12 Tyson Foods Inc.
- Exhibit 124: Tyson Foods Inc. - Overview
- Exhibit 125: Tyson Foods Inc. - Business segments
- Exhibit 126: Tyson Foods Inc. - Key offerings
- Exhibit 127: Tyson Foods Inc. - Segment focus
11 Appendix
- 11.2 Inclusions and exclusions checklist
- Exhibit 128: Inclusions checklist
- Exhibit 129: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 130: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 131: Research methodology
- Exhibit 132: Validation techniques employed for market sizing
- Exhibit 133: Information sources
- 11.5 List of abbreviations
- Exhibit 134: List of abbreviations
- food allergy among consumers: There is an increase in the number of people suffering from food allergies globally. Food allergy is caused when the immune system reacts to the ingestion of certain foods. Ingredients of packaged foods and meats that can create allergic reactions in some people include (but are not limited to) milk, eggs, fish, crustacean shellfish (e.g., crab, lobster, and shrimp), tree nuts (e.g., almonds, walnuts, and pecan), peanuts, wheat, and soybeans. Even consumption of small amounts of food allergens can trigger signs and symptoms such as digestive problems, hives, and swollen airways. In some people, a food allergy can cause severe symptoms, or even a life-threatening reaction is, known as anaphylaxis. For example, in the US, nearly 3% of the adult population suffers from shellfish allergy.
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