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The Nutritional Elixir: Spelt Milk's Journey to Market Dominance
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.
A recent analysis from market research and competitive intelligence firm Future Market Insights projects the spelt milk market share to reach USD 405.4 million by 2032, growing at a 6.8% CAGR over that decade.
With major participants in the spelt milk industry acting in this manner, it is anticipated that the market would expand quickly after COVID-19. With major participants in the spelt milk industry acting in this manner, it is anticipated that the market would expand quickly after COVID-19.
Yet, additional research on the health advantages of spelt will open up new opportunities for the spelt milk industry during the projected time. Almond and hazelnut milk are popular candidates to replace spelt milk because there are so many of them available.
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Over the forecast period, the market for spelt milk would be constrained in its expansion by the prevalence of gluten and the ease with which product equivalents might be found. Due to customer demand for healthier options and the popularity of dairy products, which are frequently heavy in calories, the market for spelt milk is growing.
Europe dominates the spelt milk market as a result of the surge in marketing activities in the region. The region's rising disposable income is expected to fuel significant growth in the North American spelt milk market 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.
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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.
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
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