QY Research has announced the release of a new publication that predicts the global Quinoa Seed Market to record a lethargic CAGR of 1.1% between 2018 and 2025. Bearing the title “Global Quinoa Seed Market Research Report 2018,” the publication forecasts the market to attain a valuation of US$ 1,220 Mn by the end of 2025. In 2017, the market was worth a US$ 1,120 Mn.
Global Quinoa Seed Market: Trends and Opportunities
Development of the seed market is predicted to create a favorable growth environment for quinoa seed producers. Increasing inclination toward healthy living and rising popularity of healthy foods could promise growth to the global quinoa seed market.
Growing population could be another factor working in the favor of the global quinoa seed market. New investments are foreseen to bless the market as investors are optimistic about growth because of the development of new technology. This could be despite the requirement of specific conditions to produce and store quinoa seed.
Global Quinoa Seed Market: Drivers and Restraints
The quinoa seed industry is promoted by a series of government policies in different countries. Governments have already put development standards in place for quinoa seed producers. The global quinoa seed market is foretold to enjoy a brighter prospect owing to the wide use in various applications.
The gluten-free property and high nutritional content of quinoa seed are pushing its demand globally. Less starch content makes quinoa seed a great substitute for rice grains.
However, fluctuation in the prices of quinoa seed is anticipated to hamper the growth of the global market.
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Global Quinoa Seed Market: Forecast by Type and Application
The global quinoa seed market is segmented into white, red, black, and other quinoa seeds as per type. According to the analysts, white quinoa seeds held a lion’s share of 36.28% in 2017. By the end of 2025, their total production is expected to reach 340,000 MT, increasing from 219,000 MT touched in 2017.
On the basis of application, the report classifies the global quinoa seed market into reprocessing products, direct edible, and others.
Global Quinoa Seed Market: Forecast by Region
By geography, the global quinoa seed market is split into India, Southeast Asia, Japan, China, Europe, and North America. The report also provides customized regional study of the market, where it deeply analyzes other important regions and countries, including the MEA, Asia Pacific, and Central and South America.
Peru is the largest quinoa seed market in terms of production. In 2016, it secured a market share of 51.32%. Overall, there has been a rapid increase in the global production of quinoa seed due to the rise in demand.
Global Quinoa Seed Market: Competitive Analysis
The report includes key companies operating in the global quinoa seed market: Real Seed, Heritage Harvest Seed, Hancock, Victory Seeds, Territorial Seed Company, and Adaptive Seeds. Players are envisaged to bank on market opportunities created with increased marketing and production of quinoa seed.
Without careful investigation and downstream and technical support, players are not advised to enter the vegetable seeds industry, even though they may have the required funds.
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