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Quinoa Market-- Global Industry Analysis & Forecast | 2022.
Press release from: Market Data Forecast
Global Quinoa Market was worth USD xx billion in 2017 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2022. Quinoa is a herbaceous annual plant which are grown as a grain crop mainly for its edible seeds. Since it is not a grass, it is a pseudo-cereal but not a true cereal. Quinoa is closely related to the edible plants spinach, beetroot, and amaranth which is another pseudo-cereal.
Quinoa is a source of phosphorus, manganese, copper, magnesium, folate, fibre, zinc etc. which makes it one among of the healthy foods. Quinoa have several health benefits such as risk of type-2 diabetes, minimizing the cardiovascular diseases, helps maintain cholesterol level, regulates blood sugar, reduces risk of various allergies etc. Quinoa is grown conventionally as well as organically. Quinoa is free of gluten which makes it popular in consumers who are health conscious which is propelling its demand in the global market. Quinoa have various application in food, pharmaceutical, cosmetics, medical industry which is resulting in its growth of its demand.
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The key driving factors of global Quinoa market are nutrient rich property and health benefits. Quinoa has high amounts of fibre and is a gluten-free product. Application of quinoa in food products such as bread, noodles, pasta etc. is growing which in turn is assisting quinoa to grow in global market. Rising demand for natural and organic products in cosmetic industry is gaining popularity which is driving global quinoa market. Consumption of quinoa in breakfast food is rising due to its usage as an ingredient in breakfast foods which is one among the driving factors for growing demand of quinoa in global market.
The global Quinoa market is segmented based on the basis of type into organic and inorganic segments. By application, the market is segmented into food industry, cosmetics industry and pharmaceuticals industry. Food industry is expected to have the largest share in the segment and cosmetics segment is expected to grow at the fastest rate. By end users, the market is divided into ingredients and packed food.
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The Global Quinoa market is divided based on geography into North America, Latin America, Asia-Pacific, Middle East and Africa and Europe. North America has the leading market for Quinoa in the world, which is followed by Asia Pacific and Latin America regions. Asia Pacific region is expected to have the fastest growth rate during the forecast period.
Some of the major players in the market are Quinoa Foods Company, Northern Quinoa Production Corporation, Quinoa Corporation, Andean Valley S.A., Keen One Quinoa, The British Quinoa Company, Hain Celestial Group, Andean Naturals Inc. and European Quinoa Group, Inca Organics.
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