Agricoltura
Farro Market to Reach $513.8 Mn, Globally, by 2030 at 10.1% CAGR: Allied Market Research
Increase in demand for food applications, consumer preference for clean label food products sources, and rise in demand for convenience food drive the growth of the global farro market. However, lower yields in comparison to other grains hinder the market growth. On the other hand, surge in demand for organically-sourced faro creates new opportunities in the coming years.
Based on type, the whole grain farro segment accounted for the highest share in 2020, contributing to nearly two-thirds of the global farro market, and is expected to continue its lead position during the forecast period. This is due to better nutritional profile as compared to other types and preference for fresh and natural ingredient-containing food products. However, the pearled and semi-pearled farro segment is estimated to manifest the highest CAGR of 11.8% from 2021 to 2030, owing to rise in adoption for culinary applications for its fast cooking time.
Based on distribution channel, the offline segment held the largest share in 2020, contributing to around two-thirds of the global farro market, and is estimated to maintain its leadership position throughout the forecast period. This is due to high visibility and attractive assortment of grains in the supermarket and seamless shopping experience, organized assortment, clean environment, and friendly service at hypermarkets. However, the online segment is projected to portray the fastest CAGR of 11.9% from 2021 to 2030, owing to rise of social media platforms, establishment of online shopping portals for food products, and convenience for consumers.
Based on region, North America is expected to register the fastest CAGR of 11.9% during the forecast period. This is attributed to rise in inclination toward Italian food, preference for health-conscious products with lifestyle changes, and concerns about animal welfare, sustainable food supply, and the environment. However, Europe contributed to the highest market share in 2020, holding more than two-fifths of the global farro market, and is expected to maintain its dominance in terms of revenue by 2030. This is due to huge cultivation in Italy , interest in farro's nutritional content, attention to local traditions and ancient foods from consumers, and initiatives for agrobiodiversity conservation and diversification of cropping systems.
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at
$699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
https://www.alliedmarketresearch.com/avenue/trial/starter
https://www.alliedmarketresearch.com/library-access
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon . Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
+1-800-792-5285, +1-503-894-6022
+44-845-528-1300
+852-301-84916
+91-20-66346060
+1(855)550-5975
https://www.alliedmarketresearch.com
https://www.linkedin.com/company/allied-market-research
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg