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Global Quinoa Market Size By Product (Black Quinoa Seeds, Red Quinoa Seeds, White Quinoa Seeds), By Application (Direct Edible, Reprocessing Products), By Geographic Scope And Forecast


Published on: 2024-08-04 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Quinoa Market Size By Product (Black Quinoa Seeds, Red Quinoa Seeds, White Quinoa Seeds), By Application (Direct Edible, Reprocessing Products), By Geographic Scope And Forecast

Quinoa Market Size And Forecast

Quinoa Market size was valued at USD 111.03 Billion in 2023 and is projected to reach USD 268.95 Billion by 2031, growing at a CAGR of 12.90% from 2024 to 2031.

  • Quinoa, scientifically known as Chenopodium quinoa, is a highly nutritious pseudo-cereal that originated in South America’s Mountains. Quinoa, which belongs to the same family as spinach and beets, has gained global acclaim for its superior nutritional profile and culinary diversity.
  • This ancient grain-like seed contains an excellent balance of important nutrients, including high-quality protein, dietary fiber, vitamins, and minerals. Unlike typical grains, quinoa is gluten-free, making it an excellent alternative for people who are gluten sensitive or follow a gluten-free diet. Quinoa is also high in antioxidants including flavonoids and quercetin, which contribute to its possible health advantages such as lower inflammation and better heart health.
  • Quinoa, which has been culturally vital to indigenous Andean tribes for hundreds of years, is regaining appeal around the world due to its multiple health advantages and culinary flexibility. Its delicate nutty flavor and fluffy texture make it a versatile element in a variety of meals, including salads, soups, pilafs, and breakfast bowls.
  • Quinoa, as a sustainable crop that requires little water and can grow in a variety of climates, has the potential to be a resilient food supply in the face of environmental challenges and global food security concerns.

Global Quinoa Market Dynamics

The key market dynamics that are shaping the global Quinoa Market include

Key Market Drivers

  • Growing Health ConsciousnessAs people become more aware of the health benefits of quinoa, such as its high protein content, gluten-free nature, and diverse nutrient profile, demand is increasing. Consumers are looking for healthier alternatives to traditional grains, which is driving the growth of the Quinoa Market.
  • Rising Demand for Plant-Based Proteins As vegetarianism, veganism, and flexitarianism become more popular, there is an increased demand for plant-based protein sources. Quinoa, as a complete protein source, is becoming increasingly popular as a meat substitute among health-conscious customers, driving market growth.
  • Increasing Globalization and Cultural Exchange As globalization grows, people are exposed to more diverse cuisines and ingredients from all over the world. Quinoa, a traditional Andean food, has grown in favor of Western markets due to its nutritional value and culinary diversity, boosting market expansion.
  • Government Support and Promotion To maximize the economic potential of quinoa, governments in producing countries are actively promoting its cultivation and export. Supportive laws, subsidies, and marketing efforts targeted at promoting quinoa production and trade are helping to drive market growth.

Key Challenges

  • Competition from Substitute Products Quinoa competes with other pseudo-cereals, grains, and plant-based protein sources like rice, wheat, barley, amaranth, and lentils. The development of cheaper replacements with comparable nutritional characteristics may pose a threat to quinoa’s market share.
  • Quality Control and Standardization Maintaining similar quality and standards across different quinoa types and origins can be difficult. Variations in growing circumstances, processing processes, and storage practices can cause variations in taste, texture, and nutritional content, affecting customer satisfaction and market acceptance.
  • Sustainability Concerns Although quinoa is considered a highly sustainable crop, certain practices related to its cultivation, such as water utilization, land management, and pesticide inputs, pose sustainability concerns. Addressing these issues while maintaining manufacturing efficiency is a problem for the quinoa business.
  • Climate Change Risks Climate change poses substantial threats to quinoa production, such as changes in temperature and precipitation patterns, increasing pest and disease prevalence, and water scarcity. Adapting quinoa growing strategies to avoid these hazards while maintaining production and quality is a challenge for quinoa growers and industry partners.

Key Trends

  • Rising Demand for Organic and Functional QuinoaConsumers are becoming more interested in organic and functional foods, and quinoa fits both categories. The market is seeing an increase in organic quinoa options, appealing to people looking for a better perceived health benefit and environmental responsibility. In addition, there is increased interest in researching quinoa’s functional benefits, such as its possible usage in gluten-free flours or as a source of prebiotics.
  • Globalization of Quinoa Cuisine Quinoa is gaining popularity outside its indigenous Andean regions and is being incorporated into worldwide cuisines. Chefs and food fans are combining quinoa into a variety of culinary masterpieces, such as salads, stir-fries, sushi, and baked items, thereby increasing its mainstream appeal and market expansion.
  • Sustainable Sourcing and Fair Trade Practices Sustainable sourcing and fair trade methods are becoming increasingly important in the quinoa sector. Companies are collaborating with farmers’ cooperatives and undertaking programs to promote fair salaries, community development, and environmental care, attracting socially conscious customers.
  • Online Retail and Direct-to-Consumer Sales The proliferation of e-commerce platforms and direct-to-consumer sales channels is altering how quinoa is distributed and sold. Online merchants provide consumers with a simple way to obtain a wide range of quinoa goods, including specialized and organic options, resulting in market expansion in the digital realm.

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Global Quinoa Market Regional Analysis

Here is a more detailed regional analysis of the global Quinoa Market

North America

  • The Quinoa Market in North America is expected to grow significantly in the future years, owing to a variety of factors. One key element is increased consumer awareness of the benefits of adopting healthful, gluten-free foods into their diets. As more people seek healthier eating options, the demand for quinoa is likely to continuously increase across the region.
  • Furthermore, the growing purchasing power of North American consumers is playing a significant part in fueling this demand. Consumers are becoming more interested in quinoa due to its claimed health benefits and diversity in culinary applications since they have more money to invest in premium foods.
  • Furthermore, in North America, the United States stands out as a particularly prospective market for quinoa expansion. The country’s strong economy, combined with changing dietary tastes for healthier and more diverse food options, leads the way for major market growth. As dietary trends shift toward gluten-free options and plant-based proteins, quinoa emerges as a popular choice among health-conscious customers.
  • Moreover, the United States has a well-established food distribution and retail infrastructure, making quinoa products widely available through a variety of channels. These characteristics put the United States in a strong position to promote development and potential in North America’s expanding quinoa sector.

 Europe

  • Europe is expected to have a significant impact on the global quinoa industry in the coming years. The enormous rise in quinoa seed production across European countries has resulted in a significant shift in market dynamics. This surge in local production has not only helped to lower quinoa prices but has also encouraged European customers to adopt healthier eating habits. As a result, quinoa has become a popular choice among health-conscious people looking for healthful, gluten-free options in their diets.
  • Furthermore, the increase in quinoa production in Europe indicates a positive future for market growth and expansion. With more affordable prices and more awareness of quinoa’s health advantages, European consumers are adopting it into their daily diets. This transition toward healthier nutritional options is consistent with broader developments in the food business, where customers are putting more focus on nutrition and wellness.
  • As Europe continues to shape global consumption patterns, its growing contribution to the Quinoa Market highlights the worldwide relevance of this adaptable pseudo-cereal.

Global Quinoa MarketSegmentation Analysis

The Global Quinoa Market is Segmented on the basis of Product, Application, And Geography.

Quinoa Market, By Product

  • Black Quinoa Seeds
  • Red Quinoa Seeds
  • White Quinoa Seeds

Based on Product, the market is bifurcated into Black Quinoa Seeds, Red Quinoa Seeds, and White Quinoa Seeds. Red quinoa is dominating in the market. The Quinoa Market thrives on the health-conscious trend. Consumers appreciate quinoa’s protein content, gluten-free status, and rapid cooking time. The market is driven by rising demand for plant-based solutions and convenience. Organic, fair-trade, and novel product forms such as pastas and snacks are gaining popularity, with plans to expand into other markets.

Quinoa Market, By Application

  • Direct Edible
  • Reprocessing Products

Based on Application, the market is segmented into Direct Edible, and Reprocessing Products. In the Quinoa Market, reprocessed products are currently dominant. While raw edible quinoa has a significant market share, reprocessed products like as pre-washed grains, flours, and even beverages cater to busy lives and provide convenience. However, the fastest-growing segment is straight edible quinoa. Rising health consciousness and the shift to plant-based diets are driving demand for the original whole grain form.

Key Players

The “Global Quinoa Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Alter Eco, Andean Valley Corp, Quinoa Foods Company, COMRURAL XXI SRL, NorQuin, Adaptive Seeds, Territorial Seed Company, Victory Seed Company, Hancock Seed Company, and The Real Seed Collection Ltd. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Quinoa Market Recent Developments

  • In March 2023, The J.M. Smucker Company, an American food and beverage maker, launched a new line of black quinoa goods including black quinoa flakes, black quinoa pasta, and granola.
  • In June 2023, Cougar, Shisha, and Gikungu, new types of quinoa, will be released according to scientists at WSU and Brigham Young University.
  • In October 2020, Ingredion Inc. increased its plant protein portfolio by introducing Homecraft Quinoa 112 flour in the United States and Canada.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2020-2031

Base Year

2023

Forecast Period

2024-2031

Historical Period

2020-2022

Unit

Value (USD Billion)

Key Companies Profiled

Alter Eco, Andean Valley Corp, Quinoa Foods Company, COMRURAL XXI SRL, NorQuin, Adaptive Seeds, Territorial Seed Company

Segments Covered
  • By Product
  • By Application
  • By Geography
Customization scope

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Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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Table of Content

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