Global Rye Market Report and Forecast 2024-2032

Global Rye Market Size

The global rye market reached around USD 3.76 billion in 2023. The market is projected to grow at a CAGR of 2.8% between 2024 and 2032 to reach nearly USD 4.80 billion by 2032.

Global Rye Market Outlook

• 100g of rye can meet an individual’s daily requirement of dietary fibre by 70%.

• In 2022, Germany produced 3,132,300 tons of rye, which constituted nearly 24% of its total harvest.

• In 2020, the US produced 11.5 million rye bushels worth $59.8 million.

Global Rye Market Growth

The Asia Pacific imported $7.5 billion of whiskey due to its increasing on-premise consumption in various countries. As per the Scotch Whiskey Association, the region replaced the European Union as the key market for whiskey. In June 2022, Pernod reported a year-on-year growth of 17% in revenue, 21% of which came from Asia. Chival’s Royal Salute and Diageo witnessed a similar growth trajectory, with sales surging by 32% and 12% respectively in June 2023. This indicates a sustained demand for rye for producing high-quality and flavourful whiskeys, thereby leading to the market growth.

Sweden annually harvests 200,000 tons of rye, which constitutes nearly 4% of its overall grain harvest. It is cultivated on 1% of the total arable land of Sweden, due to its ability to withstand cold climatic conditions and boost food security.

The global breakfast cereal market is expected to witness a healthy growth in the forecast period, thereby influencing the demand for rye positively. The increasing per capita consumption of bread is expected to accelerate the demand for rye in bread production, thereby leading to the market growth.

Global Rye Industry Segmentation

Global Rye Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Whole

• Processed
  • Flakes
  • Flour
  • Malted

Market Breakup by Application

• Food

• Feed

• Beverage

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Global Rye Market Share

Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period, the Asia Pacific is expected to grow at a CAGR of 3.2% as the demand for healthy ingredients in baked goods rises.

Leading Companies in the Global Rye Market

To capitalise on the rising demand for functional ingredients with well-known health benefits, major food and beverage companies are expected to purchase premium-quality rye from across the world to manufacture baked goods and confectionery items.

• Vandaele Seeds Ltd.

• Archer-Daniels-Midland Co.

• Limagrain

• Malteries Soufflet

• KWS SAAT SE & Co KGaA

• Others

Key Highlights of the Report