Rye Market Outlook 2024–2030: Growth Trajectories & Forecast Insights

 The global rye market size was estimated at USD 3.89 billion in 2023 and is projected to reach USD 4.98 billion by 2030, growing at a CAGR of 3.6% from 2024 to 2030. 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.

 

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.

 

Key Market Trends & Insights

  • Europe dominated the overall market in 2023 with a share of about 42.8%.
  • Asia Pacific region is expected to expand at the fastest rate during the forecast period.
  • Based on type, the whole rye segment accounted for the largest revenue share of 63.2% in 2023.
  • Based on application, the beverage segment accounted for the largest revenue share in 2023.

  

Order a free sample PDF of the Rye Market Intelligence Study, published by Grand View Research.

 

Market Size & Forecast

  • 2023 Market Size: USD 3.89 Billion
  • 2030 Projected Market Size: USD 4.98 Billion
  • CAGR (2024-2030): 3.6%
  • Europe: Largest market in 2023
  • Asia Pacific: Fastest growing market


Key Companies & Market Share Insights

  • Agrex Inc., Vandaele Seeds Ltd, The Soufflet Group, and Olam International Ltd are some dominant players operating in the rye market.
  • Olam International has a global presence and operates in approximately 60 countries.
  • The Soufflet Group operates in the international cereal markets through its Soufflet Négoce subsidiary.
  • Golden State Grains, Grain Millers, Inc., and Welter Seed & Honey Co. are some emerging market players functioning in the market.
  • Golden State Grains offers a wide range of rye crop varieties, including Abruzzi, Century, Gazelle, Landrace, Seashore, and Merced Rye

 

Key Players

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

 

Browse Horizon Databook on Global Rye Market Size & Outlook

 

Conclusion

The global rye market is set to experience steady growth, reaching USD 4.98 billion by 2030, fueled by rising consumer awareness of its nutritional and health benefits. As a rich source of essential vitamins, minerals, and dietary fiber, rye is gaining traction in health-conscious diets. Continued R&D investments in the food industry further support the development of innovative, nutrient-enhanced rye-based products, reinforcing its role as a valuable and versatile ingredient in the modern food landscape.

Comments

Post a Comment

Popular posts from this blog

Global Potash Market: Trends, Growth & Forecast 2023-2032

T he global  potash market  size is expected to reach USD 93.50 billion by 2032, growing at a CAGR of 4.9% from 2023 to 2032, according to a new study by Grand View Research, Inc. This is attributed to the increasing demand for food and efficient usage of agricultural land. As consumers seek healthier options, there has been a surge in demand for high-value crops like fruits, vegetables, and specialty crops, boosting the demand for potash. Furthermore, the adoption of precision agriculture techniques has become increasingly prevalent in recent years. Precision agriculture involves using advanced technologies and data-driven approaches, such as soil testing and targeted nutrient management, to make informed decisions about fertilizer application.   Farmers are embracing precise and site-specific methods for applying fertilizers, based on field variability and crop requirements. This trend makes way for optimized resource utilization, improved crop performance, and enhanced...
Read more

Smart Ticketing Market Report: Emerging Technologies & Market Opportunities

  The global smart ticketing market size is expected to reach USD 31.65 billion by 2030, growing at a CAGR of 15.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. With the widespread adoption of smartphones, mobile ticketing channels have gained traction, allowing users to purchase, store, and validate tickets directly on their mobile devices, eliminating the need for physical cards or paper tickets. The convenience and ease of use offered by mobile ticketing have contributed to the growth of the market. Smart ticketing systems generate vast amounts of data on passenger journeys, travel patterns, and ticket usage.   Operators leverage this data to gain valuable insights, optimize operations, and improve the overall passenger experience. Data analytics techniques, such as predictive modeling and real-time monitoring, are being applied to enhance efficiency, manage capacity, and offer personalized services, which bode well for smart ticketing...
Read more

Boosting Crop Yields: India Foliar Fertilizer Market Trends & Forecasts

  The  India foliar fertilizer market  size is expected to reach USD 4.9 billion by 2030, expanding at a CAGR of 11.3% during the forecast period, as per a new report by Grand View Research, Inc. The industry growth is majorly driven by surged demand for food due to increasing population coupled with supportive government initiatives and decreasing arable land in the country.   There has been a significant increase in the global prices of fertilizers and foliar fertilizers. As such, farmers falling into small- and marginal-income categories cannot afford to buy fertilizers resulting in reduced agricultural yields. This has led the Government of India to take initiatives to provide fertilizer subsidies to farmers in the country to make them affordable at subsidized prices. For instance, the Government of India announced a subsidy scheme related to fertilizers worth USD 27 billion in 2022 to ensure that fertilizers are affordable for every farmer in the country. Thus, ...
Read more