Press release
Quinoa Market - Exploration Trends, Analysis, Growth Prospects And Forecast 2033
The new report published by The Business Research Company, titled ""Quinoa Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, 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 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%.
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The Surge In Health Consciousness Driving Growth In The Quinoa Market
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.
Mars Inc. Redefines The Quinoa Market With Super Grains Line
Major companies operating in the quinoa market are focused on introducing advanced solutions, such as ancient grains, to provide a competitive edge in the market. Ancient grains are grains used to describe a category of pseudocereals that are purported to have been minimally changed by selective breeding. For instance, in August 2023, Mars, Inc., a US-based company that manufactures confectionery products, launched the Super Grains line. The Super Grains line is a rice- and grain-based meal that can be added to any meal and is packaged in microwaveable 8-ounce pouches that are ready to serve after 90 seconds. It is made with Tuscan herbs, Indian style, and Smoky Southwest flavors. The Tuscan Herbs variety contains quinoa, wheat berries, and pearl millet. The Indian style flavor is made with sorghum, quinoa, and finer millet. The Smoky Southwest variety is a mix of amaranth, pearl millet, sorghum, and quinoa.
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
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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.
Contents of the report:
1. Executive Summary
2. Quinoa Market Report Structure
3. Quinoa Market Trends And Strategies
4. Quinoa Market - Macro Economic Scenario
5. Quinoa Market Size And Growth
…..
27. Quinoa Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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