The spelt milk market is poised to reach $405.4 million by 2032, growing at 6.8% CAGR. Amidst post-COVID growth expectations, increased exploration of spelt’s health benefits creates potential. High demand for spelt milk alternatives, such as almond and hazelnut milk, remains significant due to diverse consumer preferences.
According to a recent report by Future Market Insights, market research and competitive intelligence provider, spelt milk market share is estimated to reach a value of USD 405.4 Million by 2032, surging at 6.8% CAGR through the decade.
With prominent players in the spelt milk sector taking these kinds of actions, it’s expected that the market would grow rapidly following COVID-19. With prominent players in the spelt milk sector taking these kinds of actions, it’s expected that the market would grow rapidly following COVID-19.
However, during the anticipated period, more study into spelt’s health benefits will lead to new potential for the spelt milk sector. Because there are so many options, there is a high demand for spelt milk substitutes like almond and hazelnut milk.
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During the projected period, the prevalence of gluten and the accessibility of finding product substitutes would serve as limitations on the growth of the spelt milk market. People desire to opt for healthier products, increasing the spelt milk market statistics, as dairy products, which are often high in calories, and consumers are moving towards a healthy lifestyle.
Due to the boom in marketing operations within the region, Europe controls the spelt milk market. Owing to the increase in disposable income in the region, the North America spelt milk market is predicted to grow significantly between 2022 and 2032.
Key Takeaways from Market Study
- The spelt milk market is expected to have a CAGR of 6.8% during the forecast period.
- China dominates the East Asian spelt milk market. This is primarily due to the numerous health and nutritional benefits of spelt milk.
- In the U.K., the spelt milk market is expected to have a share of USD 14.3 Mn in 2022.
- Based on ingredients, the spelt milk market is segmented into the fiber, gluten, proteins, vitamins, and minerals.
- Spelt milk market sales are likely to account for a part of the demand in the global plant-based milk market, valued at USD 14 Bn in 2022.
- With several initiatives taken by well-established spelt milk market players, the spelt milk market is expected to grow rapidly following COVID-19.
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“Increasing demand for milk that is easily digestible, increasing usage of spelt milk due to its anti-stress properties and high content of nutrition, and the availability of flavored and natural spelt milk are all factors that will aid in the growth of the spelt milk market during the forecast period, ” says a lead analyst at Future Market Insights.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the spelt milk market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
The study offers compelling insights into the spelt milk market by Ingredient (Fiber, Gluten, Proteins, Vitamins, Minerals), By Distribution Channel (Online, Offline), By Form (Dry, Liquid), by Flavor (Natural, Almond, Others), region (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East & Africa).
Spelt Milk Market By Category
By Ingredients, the Spelt Milk Market is segmented as:
- Fiber
- Gluten
- Proteins
- Vitamins
- Minerals
By Distribution Channel, the Spelt Milk Market is segmented as:
- Online
- Offline
By Form, the Spelt Milk Market is segmented as:
- Dry
- Liquid
By Flavor, the Spelt Milk Market is segmented as:
- Natural
- Almond
- Others
By Region, Spelt Milk Market is segmented as:
- North America
- Latin America
- Europe
- Middle East and Africa
- East Asia
- South Asia
- Oceania
For Detailed Analysis on the Spelt Milk Market, Speak with Our Analyst :
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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