Overview and Scope
Quinoa is a seed of the goosefoot family of flowering plants known as Chenopodiaceous. Quinoa crops are harvested in unfavorable climatic conditions, such as frosts and droughts that produce cereals and grains with a similar nutritional profile. Quinoa is a strong crop that can tolerate water with elevated levels of salt.
Sizing and Forecast
The quinoa market size has grown rapidly in recent years. It will grow from $101.49 billion in 2023 to $112.72 billion in 2024 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to growing health and wellness trends, increasing awareness of quinoa benefits, rise in vegetarian and vegan lifestyles, expanding gluten-free food market, culinary diversity and versatility.
The quinoa market size is expected to see rapid growth in the next few years. It will grow to $169.54 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to continued focus on healthy eating, sustainable and ethical food choices, rising demand for plant-based proteins, exploration of ancient and traditional foods, globalization of cuisine and cross-cultural influences. Major trends in the forecast period include sustainable and fair trade practices, innovations in quinoa-based snack formats, quinoa flour for gluten-free baking, functional food and nutritional benefits, collaborations and partnerships in the supply chain.
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Segmentation & Regional Insights
The quinoa market covered in this report is segmented –
1) By Type: Organic, Inorganic
2) By Application: Food Industry, Cosmetic Industry, Pharmaceutical Industry, Other Applications
3) By End User: Ingredient , Packed Food
Top 5 Major Players:
- Sharp Corporation,
- General Mills Inc.,
- Ardent Mills LLC,
- The Hain Celestial Group,
- Quinoa International Corp
South America was the largest region in the quinoa market in 2023. The regions covered in the quinoa market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increase in health awareness will propel the growth of the quinoa market during the forecast period. Healthy eating has become the norm, with most consumers demanding foods and beverages to meet progressively nuanced health and wellness, ethics, and sustainability criteria. People are preferring quinoa as it is high in fiber, gluten-free, and contains all the essential amino acids. With quinoa becoming more readily available, product innovation and the increased desire for healthy foods will fuel its future growth. For instance, in July 2021, according to Taste France For Business, a France-based Business-to-business (B2B) platform under the Ministry of Agriculture and Food in France, Quinoa has been sown on 7,500 acres (3,000 hectares) by 375 farmers. Therefore, the increase in health awareness fuels the growth of the quinoa market.
Key Industry Players
Major companies operating in the quinoa market report are Sharp Corporation, General Mills Inc., Ardent Mills LLC, The Hain Celestial Group, Quinoa International Corp, Grain Millers Inc., Morning Foods Ltd., The British Quinoa Company, Hancock Seed Company, Andean Valley SA, Alter Eco Americas Inc., Quinoa Corporation, Heritage Harvest Seed, Andean Naturals Inc., Victory Seed Company, Blue Lake Milling Pty Ltd., Inca Organics, Quinoa Foods Company, Irupana Andean Organic Food S.A., Territorial Seed Company, Northern Quinoa Production Corporation, Keen One Foods LLC, Adaptive Seeds, Agrophilia, ComRural S.R.L., Quinoabol S.R.L., Inca Health Organic SAC, Mewar Impex, European Quinoa Group, The Real Seed Collection Ltd.
The quinoa market report table of contents includes:
1. Executive Summary
2. Quinoa Market Characteristics
3. Quinoa Market Trends And Strategies
4. Quinoa Market – Macro Economic Scenario
5. Global Quinoa Market Size and Growth
….
32. Global Quinoa Market Competitive Benchmarking
33. Global Quinoa Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Quinoa Market
35. Quinoa Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Quinoa Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Quinoa Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Quinoa Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 74: Sharp Corporation Financial Performance
Table 75: General Mills Inc. Financial Performance
Table 76: Ardent Mills LLC Financial Performance
Table 77: The Hain Celestial Group Financial Performance
Table 78: Quinoa International Corp. Financial Performance
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