Global Ryes Market - 2023-2030

Global Ryes Market - 2023-2030

Market Overview

The global rye market reached US$ 58.4 million in 2022 and is projected to witness lucrative growth by reaching up to US$ 66.2 million by 2030. The market is expected to exhibit a CAGR of 3.2% during the forecast period (2023-2030).

Rye, also referred to as winter rye, is a type of cereal that is closely related to the wheat family of plants. It is mostly grown in areas with low temperatures and high altitudes. Typically, rye is planted in the fall and harvested in the summer. Moreover, rye crops have evolved root systems that only absorb a small amount of water and they can endure dry conditions.

Rye find its application in food and beverage industry, cattle food production and pharmaceuticals. Due to the presence of gluten and a high dietary fiber content, rye has a significant application in the food and beverage industry for the manufacturing of rye bread, cakes, porridge, and crackles. Moreover, it is employed in the manufacturing of cattle feed. Also, rye possesses implicit medicinal properties that are used in various treatments. Rye market expansion is primarily driven by the increased global consumption of nutritious dietary items.

Market Dynamics

One of the elements boosting the rye market share is the grain's health benefits

People have been leading healthier lifestyles in an effort to lower the prevalence of diseases like obesity and heart diseases, which are on the rise. Foods with the ideal balance of key nutrients are demanded by the population base of health-conscious people. Notably, the highest amount of dietary fibers may be found in rye. Due to their high fiber content, they support good blood cholesterol levels and cardiac function. Hence, the market expansion is driven by the rising demand for healthy products with high dietary fiber and bioactive ingredient contents.

Growing demand for rye in food processing industries fuels the growth of the overall rye market

The growing demand and increased supply for rye from millennials and emerging regions is expected to drive the rye market revenue to a strong CAGR. The rye market has had significant technological advancements that has made it possible to produce goods more effectively, diversify their product offerings, create innovative packaging and designs, maintain operations effectively, and track sales, which is a key factor for the manufacturers to use rye in processing food products.

COVID-19 Impact Analysis

The COVID-19 analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with pricing dynamics (including pricing change during and post-pandemic comparing it with pre-COVID scenarios), demand-supply spectrum (shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), government initiatives (initiatives to revive market, sector or industry by government bodies) and manufacturers strategic initiatives (what manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The global rye market is segmented based on product type, application, and region.

The rye flour segment held the largest market share

The rye flour segment is expected to grow at a rapid pace over the forecast period. Since most people don't consume enough fiber in their diets, rye flour is becoming more popular among consumers worldwide for its nutritional benefits. The need for nutrient-dense, low-gluten foods as well as shifting customer preferences are projected to drive growth of the rye flour segment over the forecast period.

Among all cereals, rye flour has the largest proportion of nutritional fiber. There are three times as many nutrients and fiber in white bread. As a result, these components are essential to the growth of the global market. Moreover, the existence of a higher concentration of free proline in rye flour is necessary for protein building. The demand for rye flour is being driven by the need to help avoid diseases like breast cancer, which is currently one of the most common fatal ones, which in turn drives the market growth.

Geographical Analysis

Rising demand for rye meal in Europe

Europe holds the highest share in the global rye market and is expected to grow over the forecast period, owing to the increasing demand for rye flour and rye meal in the region. Poland, Latvia, and Estonia are the primary exporters of this crop. Yet, Germany and Denmark have historically had large rye yields up to 3,500 thousand tons in 2020 and up to 725 thousand tons in 2020, respectively. According to the Food and Agricultural Organization (FAO), the total area harvested in Russia was 998.8 thousand hectares. Poland came second with 761.6 thousand hectares, and Germany came third with 631.0 thousand hectares. This will further drive the market growth over the forecast period.

Competitive Landscape

The major global players in the market include Agrex Inc., Archer Daniels Midland Co., Louis Dreyfus Co. BV, Agrozan Commodities DMCC, The Soufflet Group, Olam International Ltd., The Scoular Company, Vandaele Seeds Ltd, AB Enzymes, and SAZERAC CO, INC.

Why Purchase the Report?
• To visualize the global rye market segmentation based on product type, application, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the market by analyzing trends and co-development.
• Excel data sheet with numerous data points of ryes market-level with all segments.
• PDF report consisting of cogently put-together market analysis after exhaustive qualitative interviews and in-depth market study.
• Product mapping available as Excel consisting of key products of all the major market players.

The global rye market report would provide approximately 93 tables, 109 figures and 190 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies