Latin America Ancient Grain Market was estimated to be growing at a CAGR of 37.5% in a given forecast period.
Ancient grains refer to the group of grains and pseudo-cereals which have remained largely unchanged from their domesticated varieties. They have recently come into relevance due to their health benefits and richness in proteins. As for marketing, ancient grains are claimed to be healthier than their modern counterparts. Ancient grains include the grains Khorasan wheat (Kamut), millet, barley, teff, oats, Farro, einkorn, freekeh, bulgur, sorghum, and emmer; and the pseudocereals quinoa, amaranth, buckwheat, and chia. Even modern wheat is a hybrid descendant of three wheat varieties which are considered to be ancient grains: spelt, einkorn, and emmer.
The major factor affecting the Ancient Grain market is the fact that consumers are shifting towards ancient grains owing to their freshness and earthy nutrition. Consumers are gradually removing heavily processed food items from their diet and looking for healthier alternatives. This along with rising consumer awareness serves as the major driver for the market. As for the restraints of the market, the relatively higher costs and the lack of awareness in developing and underdeveloped countries are the major setbacks.
by Applications
Bakery
Confectionary
Sports Nutrition
Infant Formula
Cereals
Frozen Food
based on Crop Type
Gluten Free Ancient Grains
Gluten Containing Ancient Grains
Regional Analysis
Argentina
Brazil
Mexico
The Latin American region is one that offers immense scope for development in the forecast years as is evident from the high growth rate of the region. Inspite of having only a minor market share, the CAGR of the region is the second highest globally only behind Asia-Pacific. This market is one that shows promise in the coming years.
Ardent Mills (U.S.)
Snyder’s-Lance Inc. (U.S.)
Crunchmaster Inc. (U.S.)
SK Food International (U.S.)
Purely Elizabeth Inc. (U.S.).
Quinoasure Inc. (U.S.)
Great River Organic Milling Inc. (U.S.)
Urbane Grain Inc. (U.S.)
Nature’s Path Foods (Canada)
GFB Great Foods (India)
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