Rye Market Is Anticipated To Witness Significant Growth Prospects With Rising CAGR By 2030|Grand View Research, Inc.

Rye Market Is Expected To Witness Increased Growth Rates Of Revenue And CAGR Forecast

San Francisco, 16 April 2024: The Report Rye Market Size, Share & Trends Analysis Report By Type (Whole, Processed), By Application (Food, Feed, Beverage), By Region (North America, Europe, Asia Pacific, Central & South America, MEA), And Segment Forecasts, 2024 - 2030

The global rye market size is expected to reach USD 4.98 billion by 2030, registering a CAGR of 3.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is undergoing a significant transformation driven by evolving consumer behavior and a high emphasis on health and well-being. There is a growing demand for rye-based ingredients that offer appealing flavors and substantial nutritional benefits. Rye, derived from rye grains, is gaining popularity due to its unique nutritional profile, making it an attractive choice for individuals seeking natural and wholesome food options.

The recognition of rye as a rich source of essential nutrients, including dietary fiber, vitamins, and minerals. Rye's inherent nutritional benefits, such as supporting digestive health and contributing to sustained energy release, have positioned it as a favorable choice for health-conscious consumers. Moreover, rye has found extensive use in various plant-based products, aligning with the market's surging demand for plant-based alternatives. Rye is versatile in creating plant-based milk alternatives, vegan chocolates, and dairy-free desserts.

In line with the clean label trend that has become increasingly prominent in the food and beverage industry, rye derivatives are finding extensive application in products that prioritize simplicity and transparency. Clean label requirements have positioned rye derivatives as sought-after ingredients in today's evolving market. Consumers are now actively seeking products with minimal processing and free from artificial additives. Rye derivatives align with these expectations due to their natural origin and straightforward processing methods.

Sustainable sourcing practices are also gaining prominence within the rye market. Rye producers and manufacturers are increasingly adopting eco-friendly methods to cultivate and harvest rye grains. By adopting sustainable sourcing practices, manufacturers appeal to environmentally conscious consumers who prioritize ingredients with a lower ecological impact. These practices contribute to preserving natural resources and resonate with consumers' desire for products that support a more sustainable future.

The increasing demand for rye in the market can be attributed to its nutritional profile. Rye stands out as an excellent source of essential nutrients such as vitamin B6, thiamine, niacin, iron, folate, fiber, and riboflavin, with additional traces of zinc, pantothenic acid, phosphorus, magnesium, calcium, and other micronutrients. Its numerous health benefits include promoting heart health, controlling blood sugar, supporting digestive health, and reducing inflammation.

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The increasing demand for rye in the market can be attributed to its nutritional profile. Rye stands out as an excellent source of essential nutrients such as vitamin B6, thiamine, niacin, iron, folate, fiber, and riboflavin, with additional traces of zinc, pantothenic acid, phosphorus, magnesium, calcium, and other micronutrients. Its numerous health benefits include promoting heart health, controlling blood sugar, supporting digestive health, and reducing inflammation.

Rye Market Report Highlights

  • The whole segment held the largest market share in 2023 owing to its wide usage in the craft brewery and alcoholic beverage industry.
  • The processed segment is expected to emerge as the fastest segment during the forecast period owing to rising demand for plant-based ingredients among consumers
  • Asia Pacific is estimated to grow significantly over the forecast period owing to the number of consumers seeking natural ingredients.

In addition, the food industry is witnessing substantial investment in research and development to harness the potential of rye as a versatile ingredient. Researchers are actively exploring ways to develop novel rye-based products with higher fiber content and increased levels of bioactive compounds. These efforts aim to balance improving the health benefits of rye and maintaining the high quality and taste consumers expect from their food.

Food processing technology advancements are also pivotal in meeting the demand for high-quality rye products. For instance, several companies are employing heat treatment methods to modify the pasting properties of rye flours, which, in turn, enhances the baking quality of rye-based products. Additionally, enzymes like xylanase and transglutaminase are being utilized to improve the rheological properties of rye dough, resulting in better bread quality.

Furthermore, there is a growing interest among both consumers and industries in promoting agricultural practices that reduce greenhouse gas emissions and enhance carbon storage. For example, in April 2022, research at the University of Alberta demonstrated the significant environmental benefits of certain perennial grains, such as rye. In contrast to annual crops, this study revealed that a crop of perennial rye has the capacity to absorb a substantial amount of carbon dioxide (CO2). This research builds upon previous studies highlighting the advantages of incorporating perennial crops into farming practices. Consequently, these insights will likely drive increased demand for perennial rye as a valuable crop in sustainable agriculture.

Rye Market Report Scope 

Report Attribute

Details

Market size value in 2024

USD 4.02 billion

Revenue forecast in 2030

USD 4.98 billion

Growth Rate

CAGR of 3.6% from 2024 to 2030

Base year for estimation

2023

Historical data

2018 - 2022

Forecast period

2024 - 2030

The global market is rye characterized by a moderate degree of innovation. Several players in the rye industry are producing rye varieties with improved resistance to disease and adopting precision farming to optimize rye cultivation. Several market players such as The Soufflet Group and Olam International Ltd., are involved in merger and acquisition activities. Through M&A activity, these companies can expand their geographic reach and enter new territories.

List of Key Players in the Rye Market

  • Agrex Inc.
  • Vandaele Seeds Ltd
  • The Soufflet Group
  • Olam International Ltd
  • Louis Dreyfus Co. BV
  • Agrozan Commodities DMCC
  • Archer Daniels Midland Co.

 

 


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