Quinoa Seeds Market Players, Industry Trends & Forecast by 2032
Quinoa is a grain crop grown for its edible seeds. A new report on the global quinoa seeds market, published by Market Research Future (MRFR), predicts that this market can see growth prosperity between 2023 - 2032. Quinoa Seeds Market Size was valued at USD 50.1billion in 2022. The Quinoa Seeds market industry is projected to grow from USD57.0138 Billion in 2023 to USD 160.368 billion by 2032, exhibitinga compound annual growth rate (CAGR) of 13.80% during the forecast period (2023 - 2032).
The Quinoa
Seeds market research report provides a comprehensive analysis of the
global quinoa seed industry, offering valuable insights into market trends, key
players, growth factors, and competitive dynamics. Through extensive data
analysis and market segmentation, this report helps businesses and stakeholders
make informed decisions about investment, product development, and market
strategies in the ever-expanding quinoa market. It serves as an essential tool
for understanding the current market landscape and anticipating future
opportunities and challenges in the quinoa seeds sector.
The crucial
market driving factors for the global quinoa seeds market growth are its health
benefits. Quinoa seeds help to alleviate blood pressure, enhance digestive
health, improve metabolism, and reduce fat accumulation in the human body. Rich
with calcium, iron, magnesium, potassium, and vitamin B complex, that are of
great nutritional value for human body. These nutrients prevent human body from
diseases including asthma and osteoporosis. Being gluten-free and high in
fiber, quinoa seeds are used in various food & beverages items as
substitute to rice or wheat. Initiatives by market players to focus on their
research & development (R&D) activities to launch new and innovative
products using quinoa seeds is also boosting the market.
Market Segmentation
The global quinoa
seeds market segmentation encompasses application, category, and type. MRFR’s
take on the market marks various facets of the market in-depth.
The
application-based segmentation of this market covers food & beverages,
personal care, pharmaceuticals, and others. During the forecast period, the
food & beverage segment is being projected to gain largest market share due
to the increasing use of quinoa seeds in bakery & confectionery, breakfast
cereals, sweet & savory snacks, and others. Quinoa seeds have antioxidant
activity and high protein content. During the forecast period, the personal care
segment can have the highest growth due to significant increase in the demand
for quinoa seeds in personal care industry as quinoa seeds are rich in vitamin
B12 (Cobalamin) that necessary for maintaining skin complexion. It also has
vitamin B3 (niacinamide) that aids in treating acne by soothing the inflamed
and red areas during acne breakouts.
Regarding
category, the market has been segmented into conventional and organic. During
the forecast period, the conventional segment is expected to garner a major
market share due to the surplus availability of conventional quinoa seeds.
However, the organic segment can witness higher growth during the forecast
period.
By type, the
market has been segmented into black, red, and white. During the forecast
period, the white segment can hold the largest market share as white quinoa
seeds are widely available. They are used in various food items such as salads,
sauces, and sweet & savory snacks. The market for white quinoa seeds is
growing due to increasing prices, resulting from strong demand from food &
beverage manufacturers who are choosing to switch to quinoa from other crops.
The white quinoa seeds segment is also the fastest-growing market segment due
to the use of white quinoa seeds in many beverages and personal care products.
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Regional Segmentation
A geographical
outlining of the global quinoa seeds market covers the Asia Pacific, Europe,
North America, and the Rest of the World (RoW).
North America
has the major hold on the global market due to the large production of quinoa
seeds. In USA and Canada, the consumption of quinoa seeds products is huge as
these seeds are gluten-free. They also have low glycemic index. Hence, quinoa
is used as substitute for wheat flour or rice in various food items. The
increasing prevalence of gluten intolerance and celiac disease, especially in
the USA is also boosting the market growth in this region. Mexico is the
third-largest country-specific market in this region.
Europe is a
significant regional market due to the high density of population, presence of
many important market players, and good production as well as high imports of
quinoa seeds. Many critical country-specific markets in this region are France,
Germany, Italy, Spain, and the UK. An inspection of the remaining countries in
Europe featured in this report speculate the huge contribution to market
revenue from some other countries in this region.
In the Asia
Pacific region and RoW segment, the market for quinoa seeds is expected to grow
rapidly due to the surging production and consumption of quinoa seeds in these
regions. The major country-specific markets in this region are China, India,
and Japan. In this report, Australia and New Zealand have been organized as one
segment. An observation of the remaining countries in the Asia Pacific region
featured in this report calculates the additional market revenue from some
other countries.
The RoW segment
covers South America, Africa, and the Middle East. Among these regional market
segments, South America is the stronger regional market as quinoa seeds are
produced on a large scale in Argentina, Bolivia, Colombia, Chile, Ecuador, and
Peru.
The Quinoa
Seeds market growth research indicates robust growth prospects
in recent years, with rising consumer awareness of its nutritional benefits and
versatility in culinary applications. This upsurge is attributed to the
increasing demand for gluten-free and plant-based food options. Additionally,
expanding cultivation in regions like South America and innovative product
formulations have further fueled the market's expansion, making quinoa seeds a
staple in health-conscious households and a prominent ingredient in the food
industry's pursuit of healthier, sustainable alternatives.
Key Players
Big players in the global quinoa seeds
market are Quinoa Foods Company (Bolivia), Northern Quinoa Production
Corporation (Canada), Andean Valley Corporation (Bolivia), Quinoa Corporation
(US), Keen One Foods LLC (US), The British Quinoa Company (UK), The Hain
Celestial Group (US), Dutch Quinoa Group BV (Netherlands), Andean Naturals Inc.
(US), Inca Organics (Australia)
Latest Industry News
Bolivian quinoa
producers who are affiliated with International Quinoa Center (CIQ), are
planning and hoping to increase their exports to China. 1 MAY 2019
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