Market Size of Rye Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 2.20 % |
| Fastest Growing Market | North America |
| Largest Market | Europe |
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Rye Market Analysis
The rye market is projected to register a CAGR of 2.2% over the forecast period.
- Rye is a good source of vitamin B6, thiamine, niacin, iron, folate, fiber, and riboflavin. Rye also contains small amounts of zinc, pantothenic acid, phosphorus, magnesium, calcium, and other micronutrients. Rye can improve heart health, aid blood sugar control, assist digestive health, reduce inflammations, and reduce the risk of several cancers.
- According to the Food and Agriculture Organization (FAO), Germany, Poland, Russia, Belarus, Denmark, Ukraine, and China are the major producer of rye across the globe contributing 3,325.6 thousand metric tons, followed by 2,472.8 thousand metric tons, 1,721.9 thousand metric tons, 845 thousand metric tons, 672.4 thousand metric tons, 593.1 thousand metric tons, and 512.2 thousand metric tons during the year 2021.
- Rye is the most important crop in most European countries. Rye is a comparatively modern crop with production majorly in Northern Europe. Rye plays a very important role in countries with poor-quality soil and can also handle colder temperatures compared to other grains. The increase in demand in the food and beverage processing industry is driving its market growth during the forecast period.
- Rye whiskey derives its unique spicy and flavorful characteristics from the complexity of the grain. Some newer hybrids, like Abruzzese Rye, Danko Rye, and Brasetto Rye used by distillers, brewers, and bakers, are being tested especially for climate and soil conditions by Universities in the region like Penn State. These varieties are also commonly used as cover crops.
