NEW YORK, The farro market potential growth difference will be USD 64.82 million from 2021 to 2026, as per the latest market analysis report by Technavio.
The report also identifies the market to register an accelerating growth momentum at a CAGR of 11.21% during the forecast period. The report offers a detailed analysis of the impact of the pandemic on the farro market in optimistic, probable, and pessimistic forecast scenarios.
The growth of organized retail sector globally, ability to give good yields in mountainous regions, and increased use of farro as an ingredient in muesli will offer immense growth opportunities. However, the availability of substitutes will be a major challenge for the farro market during the forecast period. The substitutes of farro in the market are available in both conventional and organic forms, offering similar types of nutritional values.
Farro Market Scope Analysis
Technavio categorizes the global farro market as a part of the global agricultural products market under the global food products market of the global food, beverage, and tobacco market. Our report provides extensive information on the value chain analysis for the farro market, which vendors can leverage to gain a competitive advantage during the forecast period.
The report also covers the following areas:
Farro Market sizeFarro Market trendsFarro Market industry analysis
Farro Market Segment Analysis
ProductConventional Farro
The coventional farro segment will be the leading segment of this market. The low price of conventional farro, when compared with organic farro, is one of the major factors that will drive the growth of the segment during the forecast period. The demand for conventional farro is expected to increase during the forecast period due to the rising awareness among consumers about its various health benefits.Organic FarroGeographyEurope
Europe will account for 36% of the farrro market growth during the forecast period. UK, Germany, and France are the key markets for farro in Europe. Market growth in this region will be faster than the growth of the market in the South American and MEA regions. The European market is witnessing an increasing consumer demand for ancient grains, such as Kamut, spelt, oats, and farro, due to their various health benefits. North AmericaAPACMiddle East And AfricaSouth America
Farro Market Vendor Analysis and Scope
The farro market is fragmented and the vendors are deploying growth strategies such as focusing on distinguishing their product offerings through clear and unique value propositions to compete in the market. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Backed with competitive intelligence and benchmarking, our research reports on the farro market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.
Some of the top farro companies and their offerings are:
Agribosco SRL: The company offers farro that contain ingredients such as spelled triticum dicoccum which are packaged in a protective atmosphere, under the brand name of Agri Bosco.Bluebird Grain Farms:The company offers farro that includes Emmer which is a simple grain of 28 chromosomes and prepared like brown rice and cooks in 50-60 minutes, under the brand name of Bluebird Grain.Bobs Red Mill Natural Foods Inc.:The company offers farro that are a good source of iron and plant-based protein, under the brand name of Bob’s Red Mill.
Farro Market Key Takeaways
CAGR of the market during the forecast period 2022-2026Detailed information on factors that will assist farro market growth during the next five yearsEstimation of the farro market size and its contribution to the parent marketPredictions on upcoming trends and changes in consumer behaviorThe growth of the farro marketAnalysis of the market’s competitive landscape and detailed information on vendorsComprehensive details of factors that will challenge the growth of farro market vendors
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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