Market Highlights
Market players concentrate on their RD activities to introduce new and creative products using quinoa flour, as demand for gluten-free and low-calorie food items is growing. The players also focus on making certain items available and visible to consumers across the globe. This is attributed to increasing awareness of its antioxidant effects, and among customers it is also rich in potassium. In fact, quinoa flour has a high content of calcium and magnesium, which helps resist diseases in the human body, including osteoporosis and diabetes. Thus, during the forecast era, certain factors are projected to boost the demand for quinoa flour. Quinoa crops can be grown under unfavorable climatic conditions, such as frosts and droughts, which adds to their demand.
On the other hand, with the slowdown in world economic growth the Quinoa Flour industry has also suffered an impact. Nonetheless, a fairly positive growth is anticipated in the near future.
Regional Overview
The global demand for quinoa flour has been explored in four main regions — North America, Europe , Asia-Pacific and the rest of the world.
In the forecast timeframe North America is expected to lead the demand for quinoa flour. Dominance of the region can be due to different factors such as the emergence of a large number of producers of quinoa flour, growing knowledge about the health benefits of quinoa flour. Countries like the US and Canada are major in quinoa flour products, as this flour has a low glycemic index and is gluten-free. -- prevalence of gluten intolerance and celiac disease too, particularly in the United States.
Owing to its low glycaemic level , increased use of quinoa flour as a replacement for conventional flours by European consumers is projected to give Europe a major market share in the coming years.
Asia-Pacific, however, is predicted to record the highest CAGR owing to a greater customer propensity to use quinoa flour, as it is gluten-free and highly nutritious.
Segmental Analysis
The global Quinoa Flour Market has been segmented based on category, type, distribution channel, and region.
Based on the type, the global quinoa flour industry has been bifurcated as black, white, and red. The white segment is expected to gain the largest share of revenue on the global market for quinoa flour, and will maintain the lead over the forecast period.
The global market for quinoa flour has been segregated as organic and conventional, based on category. Due to the enormous availability and low prices of conventional quinoa flour, the conventional segment is anticipated to acquire significant share of the global market for quinoa flour. However, the organic segment is expected to project a higher CAGR during the forecast period because of increased consumer inclination towards organic products.
Based on the distribution channel, the global quinoa flour industry has been bifurcated into store-based and non-store-based. Store-based segment comprises hypermarket supermarket, convenience stores, and others. Non-store-based consists of e-commerce. The store-based sector is projected to produce higher sales, with the sub-segment supermarkets and hypermarkets being the largest because of the extensive and comprehensive store network. Owing to technical developments in the e-commerce industry and increasing customer demand for online retailing, the non-store-based segment is expected to show the higher CAGR during the assessment period.
Competitive Dashboard
Some of the Key Quinoa Flour Market Players are Northern Quinoa Production Corporation (Canada), The British Quinoa Company (UK), Bob's Red Mill Natural Foods, Inc. (US), Nutriwish (India), King Arthur Flour Company, Inc. (US), Andean Naturals, Inc. (US), Andean Valley Corporation (Bolivia), Dutch Quinoa Group BV (Netherland), Quinoa Foods Company (Bolivia), Organic Farmers Co. (India).
