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The quinoa seeds market size is forecast to increase by USD 22.53 million at a CAGR of 1.35% between 2023 and 2028.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Quinoa seeds, an edible seed considered a food security crop, have gained significant attention due to their high fiber content and nutrient value. Varietal development in quinoa seeds is a key focus for researchers and farmers, as the genetic structure of quinoa allows for the production of functional food ingredients. However, the use of synthetic pesticides, chemical fertilizers, and genetically modified organisms (GMOs) in conventional quinoa seed production raises concerns regarding human health and environmental impact. Consumers prioritize affordability when purchasing conventional quinoa seeds, as they are often more accessible and cost-effective compared to organic or non-GMO alternatives. Conventional quinoa seeds are produced using traditional agricultural practices, which may involve the use of these substances.
Despite these concerns, quinoa seeds remain a popular choice due to their nutritional benefits. Milling machines are essential for processing quinoa seeds into their final form, such as flour or flakes. The global market for quinoa seeds is expected to grow, driven by increasing consumer awareness and demand for healthier food options.
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The conventional segment was valued at USD 271.94 million in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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Quinoa seeds have gained significant popularity in South America due to the growing preference for plant-based foods among consumers. In countries like Brazil, Chile, Peru, and Bolivia, there is an increasing trend towards healthier eating habits. This shift in consumer behavior is primarily fueling the demand for quinoa seeds in the region. Plant-based foods offer numerous health benefits, making them an attractive option for individuals seeking to maintain a balanced diet. Quinoa seeds, in particular, are rich in proteins and essential nutrients, making them an ideal choice for those looking to improve their overall health and wellness. Furthermore, consumers are increasingly conscious of sustainability, the environment, and animal welfare, which further boosts the demand for quinoa seeds.
Quinoa seeds are versatile and can be used in various dishes, including salads, vegetables, fruits, and even beer. Their use extends beyond food applications, as they are also used in the cosmetics industry due to their high nutritional value. Moreover, quinoa seeds are beneficial for individuals with diabetes and cardiovascular diseases, making them a popular choice for those with specific dietary requirements. In conclusion, the market in South America is poised for substantial growth during the forecast period, driven by the increasing demand for plant-based foods and the numerous health benefits associated with quinoa seeds.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing health awareness among consumers is the key driver of the market.
An increase in demand for gluten-free food products is the upcoming trend in the market.
Increasing demand for alternative protein sources is a key challenge affecting the market growth.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Quinoa seeds, a nutrient-dense edible seed belonging to the goosefoot family, have gained significant attention in the global food industry due to their versatility and health benefits. This ancient grain, native to the Andean region, has become a popular choice for consumers seeking healthy food options. Consumption Patterns: The increasing awareness of health and wellness, coupled with the growing trend of plant-based diets, has fueled the demand for quinoa seeds. Consumers are increasingly turning to this superfood for its high nutrient value, which includes essential amino acids, fiber, and various vitamins and minerals.
Quinoa seeds are used in a variety of dishes, including soups, stews, porridges, salads, and even as a rice substitute. They are also used in the production of beverages, such as beer and functional food ingredients. Nutritional Properties: Quinoa seeds are rich in protein, fiber, and various essential vitamins and minerals. They contain all nine essential amino acids, making them a complete protein source. Additionally, they are a good source of omega-3 and omega-6 fatty acids, which are essential for heart health. Quinoa seeds are also rich in B-vitamins, including folate, and minerals such as calcium, iron, phosphorus, potassium, manganese, and magnesium.
However, quinoa cultivation has seen significant development in recent years, with research focused on varietal development and sustainable farming practices. Quinoa seeds are typically grown in high-altitude areas with a temperate climate. The cultivation process involves the use of milling machines to separate the seeds from the plant. Pest management is a critical aspect of quinoa cultivation, with farmers employing organic methods to minimize the use of synthetic fertilizers and pesticides. Environmental Awareness: The environmental sustainability of quinoa cultivation is another factor driving its popularity. Quinoa is a food security crop, meaning it can be grown in areas with harsh climates and poor soil conditions.
Additionally, the crop requires less water than other crops, making it an attractive option for farmers in water-scarce regions. Quinoa cultivation also supports sustainable farming practices, with many farmers employing organic farming methods and using farming technology to minimize their environmental footprint. Functional Food Ingredient: Quinoa seeds are not only consumed as a food source but are also used as functional food ingredients in various industries. They are used in the production of cosmetics, skincare products, and even in the brewing industry for the production of quinoa beers. Quinoa flour is also gaining popularity as a gluten-free alternative to wheat flour in the production of baked goods.
In conclusion, the market is driven by the growing demand for healthy, plant-based food options and the nutritional properties of quinoa seeds. The cultivation of quinoa is focused on sustainable practices, making it an attractive option for consumers and farmers alike. Quinoa seeds offer a range of health benefits, including being a complete protein source, rich in essential vitamins and minerals, and a good source of omega-3 and omega-6 fatty acids. The versatility of quinoa seeds, from their use in various dishes to their application as functional food ingredients, makes them a valuable commodity in the global food industry.
Market Scope |
|
Report Coverage |
Details |
Page number |
159 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 1.35% |
Market growth 2024-2028 |
USD 22.53 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
1.22 |
Key countries |
US, Canada, Germany, Bolivia, and Peru |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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