Quinoa seeds are gluten-free and fiber-rich in nature and used as a substitute to rice or sorghum. It contains nutrients such as vitamin E, phosphorus, calcium, potassium, iron, and magnesium. Food and beverage manufacturers are developing formulations to include quinoa seeds to increase its nutrient content. The global quinoa seeds market report by Market Research Future (MRFR) covers its benefits and future applications for the period of 2023 to 2032 (forecast period).
Quinoa Seeds Market Insight 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).
Market Scope
The global quinoa seeds market is projected to expand at a rapid pace during the forecast period owing to the demand for low-calorie and gluten-free foods. Rising health-consciousness among the masses and the inclination towards healthy foods is likely to increase its consumption. Food manufacturers are manufacturing cereals and other consumables rich in quinoa to make it accessible to the masses. The ability of quinoa seeds for preventing the possibility of asthma and osteoporosis can positively impact the market.
The large volume of flavonoids found in quinoa seeds can fuel the market growth. Flavonoids contain anti-inflammatory, anti-allergenic, and antioxidant properties. Quercetin and kaempferol are found in high quantities in quinoa seeds. Availability of the product at supermarket chains and promotional activities for promoting its benefits can augur favorably for the global quinoa seeds market.
But the limited production of quinoa can stunt its growth.
Segmentation
The global quinoa seeds market has been segmented based on type, category, and application.
By type, the global quinoa seeds market has been segmented into white, black, and red. The white segment can dominate the market owing to its use in dressings and sauces. Consumption of sweet and savory snacks and salads can boost the segment growth.
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Based on category, the global quinoa seeds market has been divided into organic and conventional. The conventional segment can garner huge revenues till the end of the forecast period owing to successful production methods making quinoa seeds available in large volumes. On the other hand, the organic segment can generate revenues till 2023 owing to its inclination by consumers.
Applications comprise pharmaceuticals, food beverages, personal care, and others.
Competitive Outlook
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)
Regional Analysis
The global quinoa seeds market analysis has been studied with regard to four key regions - North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
North America is predicted to lead the market owing to the rise in cases of gluten intolerance. The availability of quinoa seeds and quinoa-based flours can drive the market growth significantly. Presence of quinoa seed producers and awareness of its benefits can propel the global quinoa seeds market growth.
Europe can exhibit a strong growth rate during the assessment period due to the inclusion of these seeds in personal care products. The seeds can improve bone health, maintain blood sugar, and heart health.
The APAC quinoa seeds market can expand at a moderate pace owing to its high consumption. The nutrient-dense content of quinoa as well as the inclination of customers in the region towards organic foods can be a blessing for the market. The use of these seeds in personal care products for moisture retention and rise of collagen production of skin can fuel the market demand exponentially.
Lastly, the RoW can account a significant share of the global quinoa seeds market due to changing food habits of customers.
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