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Global Quinoa Market Size Study, by Product Type, by Type, by Application, by Certification, and Regional Forecasts 2024-2032

Global Quinoa Market Size Study, by Product Type, by Type,...

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Global Quinoa Market Size Study, by Product Type, by Type, by Application, by Certification, and Regional Forecasts 2024-2032
Global Quinoa Market Size Study,...
Report Code
RO7/103/1711

Publish Date
24/Sep/2024

Pages
200
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The global quinoa market, valued at approximately USD 77.75 billion in 2023, is anticipated to grow at a robust CAGR of 12.9% during the forecast period from 2024 to 2032, reaching an estimated USD 205.24 billion by the end of 2032. Quinoa, a nutrient-dense seed indigenous to the Andean region of South America, serves as an excellent grain alternative, offering a complete protein profile with all nine essential amino acids. Being gluten-free and rich in fiber, vitamins, and minerals, quinoa has found widespread popularity in diverse culinary applications, ranging from salads and soups to being a nutritious side dish.

The escalating health consciousness among consumers significantly propels the quinoa market. Increasing awareness of quinoa's substantial nutritional benefits, including its high protein content, fiber, and essential amino acids, drives consumer preference for this superfood. For instance, brands such as "Ancient Harvest" highlight quinoa's role in a balanced diet, catering to health-focused consumers, thereby accelerating market growth. Additionally, the surge in plant-based diets bolsters the demand for quinoa, given its status as a complete plant protein that offers essential amino acids often lacking in other plant foods. Companies like Bob's Red Mill and Quinoa Corporation have expanded their quinoa-based product lines, meeting the growing demand from vegans and vegetarians and reinforcing quinoa's market position as a versatile and nutritious protein alternative. The quinoa market also presents significant opportunities through innovative product offerings. Companies like Quinoa Corporation are pioneering quinoa-based snacks and beverages, while brands such as Ancient Harvest introduce quinoa meal kits that simplify meal preparation for health-conscious consumers. These innovative products attract a broad consumer base, ranging from busy professionals to health enthusiasts, thus broadening quinoa's market reach and fostering growth. Moreover, the expanding organic food market offers substantial growth potential for quinoa, especially as organic quinoa gains traction among health-conscious consumers. Brands like Ancient Harvest and Bob's Red Mill are capitalizing on this trend by providing certified organic quinoa, which meets the rising consumer demand for healthier and eco-friendly food options, further driving market growth. However, the quinoa market faces challenges, primarily due to high production costs. Quinoa cultivation requires specific climatic conditions and fertile soil, often leading to higher production costs compared to other grains. For instance, the traditional quinoa farming in the Andes region incurs significantly higher expenses, impacting profitability and market competitiveness.

North America dominated the quinoa market in 2023, accounting for the largest revenue share, driven by a well-established player presence, growing implementation of digital pathology services with advanced imaging tools, and increasing awareness about regular health screening. The region is expected to maintain its dominance over the forecast period. The Asia Pacific region is projected to exhibit the highest CAGR of 11.6% from 2024 to 2032, fueled by growing digitization and the adoption of advanced technologies across various industries, including healthcare, life sciences, media, and aerospace.

Major market players included in this report are:
Grain Millers, Inc. (U.S.)
General Mills, Inc. (U.S.)
Avena Foods Limited (Canada)
Richardson International Limited (Canada)
Cerealto Siro Foods (Spain)
Nestle SA (Switzerland)
Molino Spadoni spa (Italy)
Weetabix (U.K.)
Valsemollen (Denmark)
Grillon D'Or (France)
The detailed segments and sub-segment of the market are explained below:
By Product Type
Quinoa Grain
Intermediate Product
Processed Product
By Type
White Quinoa Seeds
Black Quinoa Seeds
Red Quinoa Seeds
By Application
Direct Edible
Reprocessing Products
By Certification
Conventional
Organic
Fair Trade and Dual
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA
Years considered for the study are as follows:
Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market

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