Quinoa Market – Growth, Trends, COVID-19 Impact and Forecasts (2022-2029)

Quinoa Market was valued at US$ 207.37 Bn. in 2029. The global Quinoa Market size is estimated to grow at a CAGR of 12.4% over the forecast period.
Quinoa Market Overview:
Quinoa is a whole grain that is rapidly growing in popularity owing to its many health benefits. It has a wide range of amino acid and fiber content compared with other grains which are driving the growth of this market. Consuming enough fiber can help reduce the risk of several health conditions such as constipation, high cholesterol, high blood pressure, and diverticulosis. It is a whole grain that includes the entire grain seed without removing any of its parts.

The report explores the Quinoa market's segments (Type, Interferometer Type, Application, End-User, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2021. The report investigates the Quinoa market's drivers, restrictions, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Quinoa market's contemporary competitive scenario

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Quinoa Market Dynamics:
Quinoa is an edible seed that has become increasingly popular owing to the health benefits it provides. It is loaded with many important nutrients including fiber, protein, folate, and magnesium. Quinoa has emerged as a healthy alternative it has already taken rice place in many recipes. Besides the use for human consumption, quinoa seed has uses in livestock and poultry feed the whole plant is used as green fodder and harvest residues can be used fed to the animals. Bolivia and Peru are the two major quinoa producers in the world which produce more than 80% of quinoa in the world.

The global quinoa market has limited supply and requires certain conditions for the cultivation of quinoa are the major restraint of this market. Due to its nutritional value with several health benefits, the demand for quinoa is increasing which gives rise to a surge in prices for the product. Domestic prices for quinoa are increased because of the success of exports, making consumption more difficult for many individuals in the domestic, market.

The major challenge of the global quinoa market is trade gains and illegal trade. There is a high degree of illegal trafficking of quinoa because selling through government channels is not as profitable. According to the institute of foreign trade about 50% of quinoa is illegally trafficked. It has become a consumer’s preference and increasing demand has developed in traditional areas.
Quinoa Market Trends:
Global demand for quinoa has increased substantially owing to the rich nutritional ingredients which are found in the grain. The number of quinoa-producing countries has increased in the past few years which will upscale its commercial production. The government has supported the quinoa sector by promoting research and development through the National Institute of Agricultural Research. Recent developments and changes in consumption pattern across the globe is anticipated to drive the market during the forecast period. Due to quinoa’s adaptability to different environments as well as its perceived dietary benefits, it has the potential to bring a new crop into the cropping system.
Quinoa Market Segment Analysis:
Based on Type, the Quinoa Market is segmented into Organic and Inorganic. Nowadays people are more concerned about their health consumption pattern has changed which led to the popularity of organic products. The increasing demand for organic products will drive the demand for the global quinoa market during the forecast period.Based on Application, the Quinoa Market is segmented into the food industry, cosmetic industry, and pharmaceutical industry. Chefs across the world are replacing rice with quinoa because it is a rich source of protein, fibre, and zinc and is gluten-free which makes it popular among consumers who are health conscious and driving the growth of the food industry. The cosmetic industry uses quinoa to reduce pigmentation anti-aging, treatment for dandruff, etc.
Quinoa Market Regional Insights:
The South American region held the largest market share accounting for xx% in 2021. Due to the supportive climate condition because it is cultivated in high-risk climate regions it doesn’t tolerate high temperatures during the growing seasons.

The Asia Pacific region is expected to witness significant growth at a CAGR of 7.2% through the forecast period. This region is more dependent on Japan for the import of quinoa seeds. It is increasingly being adopted by people in developing countries in the region

The objective of the report is to present a comprehensive analysis of the global Quinoa Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Quinoa Barium Fluoride Market dynamic, and structure by analyzing the market segments and projecting the Quinoa Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in Quinoa Market make the report investor’s guide.
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Quinoa Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US$ 81.4 Bn.


Forecast Period 2022 to 2029 CAGR:
12.4%
Market Size in 2029:
US$ 207.37 Bn.


 Segments Covered:
by Type
• Organic
• Inorganic


by  Application
• Food industry
• Cosmetic industry
• Pharmaceutical industry



Quinoa Market, by Region
• North America
• Europe
• The Asia Pacific
• Middle East and Africa
• South America
Quinoa Market, Key Players:
• Adaptive Seeds
• Territorial Seed Company
• Alter Eco
• Quinoa Foods Company
• The Real Seed Collection Ltd
• Victory Seed Company
• Andean Valley Crop
• Quinoabol
• NorQuin
• Keen One Quinoa
• The British Quinoa Company
• Inca Organics
• Andean Naturals Inc.
• Hancock seed company

Frequently asked questions

1. What is the forecasted market size and growth rate of the quinoa market?
Ans- Forecasted market size US$ 207.37 Bn by 2029 with a CAGR of 12.4%.

2. What are the key driving factors of the growth of the quinoa market?
Ans- The health benefits that it provides is the key driving factor of the growth of the quinoa market.

3. Which region is expected to hold the highest share in the global quinoa market?
Ans- South America is expected to hold the highest share in the global quinoa market.

4. What segments are covered in the global quinoa market?
Ans- The global quinoa market is segmented into type, application, and geography.

5. Which are the leading key players in the global quinoa market?
Ans- keen one quinoa, The British quinoa company. Inca organics are some of the key players in the global quinoa market.