What is Triticum Spelta Market?
Triticum spelta is a scientific name of spelt which is also known as dinkel wheat or hulled wheat. It has has been cultivated since approximately 5000 BC and is an staple food in parts of Europe from the Bronze Age to medieval times. However, now it is known for relict crop in Central Europe and northern Spain. In addition, it is now found in the health food market. Triticum spelta is a rich source of protein, dietary fiber, several B vitamins, and numerous dietary minerals. And, it is suitable for baking.
The market study is being classified, by Application (Bread and Baked Food, Wine Making, Baby Food and Other) and major geographies with country level break-up.
Archer Daniels Midland company (United States), Cargill (United States), Hain Celestial (United States), Doves Farm Foods (United Kingdom), Sharpham Park (United Kingdom) and Ardent Mills (United States) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Triticum Spelta market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Triticum Spelta market by Type, Application and Region.
On the basis of geography, the market of Triticum Spelta has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Usage of Spelt as a Staple Food
- High Content of Vitamins and Minerals in Spelt
Market Trend
- Increasing Health Consciousness among the People
Restraints
- Availability of Other Food with High Nutrition Content
Opportunities
- Increasing Disposable Income
- Wide Range of Applications is Boosting the Market
Challenges
- Lack of Awareness Among the Individuals
On July 2019, Kröner-Stärke has launched new Vital Spelt Gluten and Spelt Starches to fulfil the demands of the market.
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organizations and Others