The global quinoa seeds market is growing at a CAGR of approx12% during the forecast period. . Quinoa seeds are edible and gluten-free, which is derived from goosefoot family. These seeds contain high quantities of fiber, zinc, iron, copper, folate, calcium, magnesium, manganese, phosphorus, potassium, antioxidants, and vitamins B1, B6 and E. They are also rich in proteins and comprise all essential amino acids, and are used as a substitute for rice. Moreover, quinoa seeds help reduce the danger of obesity, cardiovascular diseases, high pressure level (BP), diabetes, and different kinds of cancer.
Quinoa seeds are versatile, easy to organize and have a rather nutty flavor. This is often anticipated for crop productivity and drive the market in the future. The worldwide quinoa seeds market is expected to exhibit strong growth during forecast period.
COVID-19 Impact analysis
- The year 2020 was not very promising for the quinoa market due to theCOVID-19 pandemic. The pandemic affected the worldwide markets and hence quinoa seeds market was also affected in three main ways - by directly affecting production &demand in the domestic as well as international market, by disrupting the availability chain &trade movements in terms of export-import, and by its financial impact on firms and financial markets operating within the segment. This trend is anticipated to hamper the market growth further if the pandemic restrictions are to be extended to the third quarter of 2021.
- The change in consumption patterns and increase in health awareness, especially in some countries, have led to higher demand for quinoa seeds. However, price fluctuations and pesticide residue levels are holding back the expansion of quinoa seeds. Due toots nutritional value, gluten-free nature, and its potential of being a functional food ingredient, quinoa has captured the eye of consumers round the world.
- The grain is almost like rice and can be cooked and utilized in an equivalent way. Currently, the seed is employed as a food and a tasty alternative to rice. However, the limited production of quinoa is subsequently limiting the expansion of this market.
Top Impacting Factors
- The quinoa seeds are finding applications in the production of beer, soaps, detergents, fire extinguishers, cosmetics, and pharmaceutical products. Due to technological advancements and increasing investments in R&D activities, the markets are developing quinoa seed varieties which can be cultivated in temperate climates.
- Quinoa seeds are versatile, easy to organize and have a nutty flavor, which have increased its market demand. The growth unawareness among individuals about their health benefits, like improving immunity, promoting healthy gut microbes and managing hypertension, has increased the consumption of quinoa seeds.
- These are widely consumed with vegetables and fruits, as flour to fortify food, and in salads, porridge, soups, stews, and shakes. Moreover, the emerging trend of vegan diets and the rise in number of individuals with gluten intolerance are expected to escalate the market growth.
Market Trends
Rise in Demand for Sports & Fitness
In today’s world, the younger generation is consistently gaining interest in nutritious food which has actually increased the demand for sports and nutrition. The concept of healthy food is comparatively new, however, with the gradual increase in its awareness and availability, this industry has witnessed a high rate of growth.
Over the past few years, the number of health-conscious customers across the world has increased. Individuals are involved in adopting a healthy and a lively lifestyle, which has increased the demand for health-oriented food products healthy lifestyle has emerged as a traditional way of life, mainly causing, concern about obesity, food sensitivity and people suffering from other diseases. Hence, with the rise in health and wellness awareness among the population, the demand for healthy food has increased substantially.
Markets are Mainly Dominated by South America
South America is the leading producer of quinoa. Quinoa is eaten as a staple food in South America. Most quinoa production takes place in southern Peru and northern Bolivia. Consumption of quinoa is expected to increase in Brazil, as the number of vegan consumers switching to foods of non-animal origin has increased compared to before. In the future, the other segment of quinoa could see demand in the cosmetics industry, as its products are widely used for night treatment and to refine the skin's texture. Here, manufacturers have an excellent opportunity to capture the disrupted consumer base in these regions.
Due to these health benefits, quinoa isthe most consumed in some regions, especially in South America
Key Benefits of the Report
- This study presents the analytical depiction of the quinoa seeds industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the quinoa seeds market share.
- The current market is quantitatively analyzed to highlight the quinoa seeds market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed quinoa seeds market analysis based on competitive intensity and how the competition will take shape in coming years
Questions Answered of quinoa seeds Market Research Report
- Which are the leading players active in the quinoa seeds market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
- What is "quinoa seeds" Market prediction in the future?
- Which will be the niches at which players profiling with recent advancements should set a presence?
- What are the driving factors and opportunities in the market?
- What are the current trends and predicted trends?
- What are the challenges faced in the "quinoa seeds" Market?
Key Market Segments
- By Seed Type
- By Color
- By Application
- Direct Consumption
- Processed Products
- By Distribution Channel
- Online Stores
- Offline Stores
- By Region
- North America
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Thailand
- Malaysia
- Indonesia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Argentina
- Rest of LAMEA
Key Market Players
- The British Quinoa Company Ltd.
- Irupana Andean Organic Food S.A
- Quinoa Corporation
- Highland Farm
- Comrural XXI S.R.L.
- Andean Naturals Inc.
- Quinoa Foods Company SRL
- Quinoabol SRL
- Alter Eco
- Arrowhead Mills Inc.