Market Synopsis:
Quinoa seeds have gained popularity in the food & beverage industry as a key ingredient for capitalizing on the shifts in consumer preferences. Market Research Future (MRFR) asserts in its latest report that the global quinoa seeds market is projected to strike a steady CAGR over the assessment period 2018 to 2023. Increasing awareness about the nutritional value of quinoa seeds is expected to boost the revenue growth of the market in the years to come. These seeds are rich in calcium, potassium, and magnesium. Thus, an upsurge in demand from the pharmaceutical industry is anticipated, especially for the prevention of diseases such as osteoporosis and asthma.
Players of the quinoa seeds market are anticipated to focus on research & development for capitalizing on the inclination towards gluten-free and low-calorie food products. Innovative products are being developed using these seeds such as plant-based meat products, vegan food and beverages, etc. The growth of the food & beverage industry is likely to propel the expansion of the market over the next couple of years. In addition, the antioxidant properties are expected to fuel demand for quinoa seeds in the forthcoming years.
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Competitive Dashboard:
The key players participating in the quinoa seeds market and profiled in this MRFR report are Northern Quinoa Production Corporation (Canada), Quinoa Foods Company (Bolivia), Andean Naturals Inc. (US), Andean Valley Corporation (Bolivia), Keen One Foods LLC (US), Quinoa Corporation (US), The British Quinoa Company (UK), Dutch Quinoa Group BV (Netherlands), The Hain Celestial Group (US), and Inca Organics (Australia).
Industry News:
In May 2019, Sargento Foods Inc., an American food producer, has announced the launch of breakfast snack kits. The key ingredients of the product are Sargento’s natural cheese paired with quinoa and seeds, granola, etc.
In May 2019, Mondelēz International, Inc., an American multinational confectionery, food, and beverage company, has innovated its product line with the addition of seeds and berries to belVita Breakfast Biscuits.
In May 2019, Budget supermarket Aldi has introduced plant-based ‘chicken’ burgers, no beef burgers, sausage rolls, and superfood burgers which are made from quinoa, pumpkin seeds, couscous, red pepper, butternut squash, and sweet potato.
Market Segmentation:
By type, the global Quinoa Seeds Market has been segmented into white, black, and red.
On the basis of category, the quinoa seeds market has been bifurcated into organic, and conventional.
The quinoa seeds market, by application, has been segmented into food & beverages, personal care, pharmaceutical, and others.
Regional Analysis:
By region, the global quinoa seeds market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is projected to hold the most substantial share of the global market anda retain it through the forecast period. The growth of the quinoa seeds market in the region can be primarily attributed to the increase in the production level. People are getting aware of the benefits of quinoa in treating health issues related to bone and heart. This, in turn, is expected to catapult the regional market on an upward trajectory.
Europe is another significant regional segment of the global market. One of the major drivers of the market in the region is the extensive use of quinoa in personal care products. The region is anticipated to account for a significant share of the global quinoa market in the forthcoming years. Meanwhile, Asia Pacific is expected to scale a comparatively higher CAGR over the review period. The factors contributing towards the expansion of the quinoa seeds market in the region include increasing use in the personal care industry, awareness about its high protein content, etc.
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