Quinoa Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMAG2851 | Last Updated On: Jun 25 2022 | Available Formats

> Global Quinoa Market Expected to reach a high CAGR during the forecast period 2022-2029: DataM Intelligence

Global Quinoa Market is segmented By Type (Red Quinoa, White Quinoa, Black Quinoa, Others), By Growing Method (Organic, Non-Organic, Others), By End User (Food Industry, Cosmetics Industry, Pharmaceutical Industry, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The Global Quinoa Market is expected to grow at a high CAGR of 11.5% during the forecasting period (2022-2029).

Quinoa is a grain crop cultivated mostly in the farms of Bolivia and Peru for its edible seeds. The crop belongs to the family of Amaranthaceae and is considered as a rich source of fiber

Quinoa is gaining significant market potential owing to rapidly surging demand from the food industry. These grains are used in salads, pastas, breakfast cereals and ready-made meals

The growing demand for plant-based protein meals coupled with health concerns associated with animal and insect protein is likely to bolster the growth of the global Quinoa market

Europe evolved as the largest market coupled with interest for new authentic food products among European consumers. France, Germany and the U.K. are the largest consumers of white Quinoa in the region

The industry is gaining traction from the development of novel quinoa based food products such as protein bars and ready-to-eat Quinoa

In countries such as India and China, production of quinoa is likely to raise with the motto of lowering pressure on staples such as rice and wheat

Market Dynamic

The potential nutritional benefits of quinoa are the primary force behind the growth of the global quinoa market. Quinoa is considered a rich source of protein and fibre that aids in the overall health of consumers. Also, these grains contains lysine, riboflavin (B2), iron and magnesium

Moreover, the gluten-free nature of quinoa is another key factor motivating people towards dietary addition of these grains

The broadening production of the crop across continents will also lower the supply pressure in the market, which may result in new growth avenues in these regions. Peru and Bolivia were the largest growers of the crops accounting for most of the global production. Cultivation of quinoa has spread to over 50 countries including France, Denmark, India, U.S. and Kenya as of 2019

The production of quinoa is also growing rapidly and the sharp increase can be mainly attributable to the shifting perception of quinoa as a healthy grain

Market Segmentation 

By End-User 

Food industry is the largest end user of quinoa globally with nearly 90% of the global production catering the dietary needs of consumers and processing demand for food manufacturers

Quinoa grains are largely in use in cereal mixes, salads, soups, pasta and other snacks. The demand for value added quinoa based products such as flakes, flour and bars is surging with interest from millennial population

The fast-paced lifestyles of people have driven the need for on-the-go meals that ensure the health and nutritional requirements. Grains including quinoa evolved as an integral part of these recipes owing to their protein and fiber content

The dollar sales of quinoa in the food industry reached USD XX million in 2019 and are likely to grow at a CAGR of over XX% over the forecast period. In terms of market value share, food applications are likely to increase from XX% in 2019 to XX% by 2027

The rapidly growing demand for breakfast cereals and the evolution of quinoa-based protein bars and flakes are likely to boost the market growth over the forecast period

By Geography

Europe evolved as the largest market for quinoa holding a share of nearly XX% in global dollar sales in 2019. With high interest in authentic and nutritional food products sourced from the organic farm produce, the demand for quinoa is promising in the region The consumption of these grains has been very high in food applications across the region. France and Germany are leading in quinoa consumption in the region

Europe has been highly dependent on imports of quinoa from countries such as Peru and Bolivia. Europe is the largest importer of these grains accounting for nearly 35% of global import volume

With lucrative growth potential and lower domestic production, the imports into the region are likely to be stable

The development of new food products with quinoa is another key factor in the European market. The widening range of quinoa-derived value added products will surge the demand for quinoa grains in the region

Europe quinoa market valued USD XX million in 2019 and is likely to reach USD XX million in 2027 by growing at a CAGR of XX% during 2021-2028

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