Market Size of Triticale Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 570.40 Million |
| Market Size (2029) | USD 658.69 Million |
| CAGR (2024 - 2029) | 2.92 % |
| Fastest Growing Market | North America |
| Largest Market | Europe |
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Triticale Market Analysis
The Triticale Market size is estimated at USD 570.40 million in 2024, and is expected to reach USD 658.69 million by 2029, growing at a CAGR of 2.92% during the forecast period (2024-2029).
- Triticale is gaining popularity among livestock growers across the globe as it can be used in animal feed. Triticale has digestibility and water-soluble sugars similar to oats and cereal rye. Additionally, triticale can also thrive in drought, low-fertile soil, attracting more forage and livestock growers. This increasing adoption of triticale in animal feed is one of the major driving factors for the global triticale market.
- The leaders in the production of this crop are Poland and Germany. These countries have developed varieties that have occupied the main niche in the feed industry, and it can be difficult for other countries to compete in this area. At the same time, there are some peculiarities - in particular, despite good immunity, triticale often picks up a disease such as snow mold, and sometimes it is affected by septoria. Because of this, breeders are constantly working on obtaining new, more resistant plant varieties.
- Geopolitical issues have become the primary driver for the spring wheat market and other grain markets, with signs of Russia increasing its war efforts in Ukraine, which will benefit the market and raise the market during the forecast period.
