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05-Mar-2020

Global Quinoa Seed Market is Expected to Reach Million USD 1,463.66 By the end of 2026, With A CAGR of 5.63% During 2019-2026: Proficient Market

Quinoa seed are edible seeds and they usually belong to goosefoot genus species. The quinoa seeds contain proteins as well as vitamins like folic acid, iron, B6, B1, magnesium and phosphorus to be major ones. Generally, protein content in quinoa stands at around 14% to 18%, which is higher than that of maize, wheat, rice and oats. Therefore, these seeds have emerged as effective alternative to rice for vegetarians. Additionally, it contains essential amino acids necessary for cell growth. It is mostly covered with saponin which is bitter in tastes and thus protects it from insects and birds. Furthermore, it has higher amount of isoleucine and lysine than any other grain. Apart from that, with new advanced techniques in agro industries, these coatings can be removed in order so as to make quinoa seed ready to eat type. Mostly, quinoa seeds are consumed as breakfast cereal. These seeds are used as thickener for soups, stews etc.

In terms of revenue, global quinoa seed market in 2018 stood at USD 997.75 million and is expected to reach USD 1,463.66 million by 2026 growing at a CAGR of 5.63% from 2019 to 2026.

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Some of the global major players operating in the quinoa seed market include: Hancock Seed & Company, COMRURAL XXI S.R.L., Northern Quinoa Applicationion Corporation (NorQuin), Quinoa Corporation (Ancient Harvest), Irupana Andean Organic Food S.A. and Others.

Drivers for the Global Quinoa Seed Market:

According to current market situation, increase in demand for nutritious and naturally healthy food ingredients and rising awareness about gluten free diet among consumers are estimated to drive the quinoa seeds market during the forecast period. Other factors driving the market demand are high-performance plastics are helping to improve fuel economy, increase production and consumption of light weight vehicles, ease of recycling and others.

Opportunities for the Global Quinoa Seed Market:

With the world population increasing, while the thought of a healthy diet gradually to the popularity, the quinoa seed market will increase significantly in the future, which for the development of the seed market would be a great promotion. The manufacturing and marketing of Quinoa Seed may bring opportunities for related enterprises.

Restrains for the Global Quinoa Seed Market:

Regardless of the positive outlook for the industry, the sector continues to face numerous restraints which pose a considerable risk to the profitability of services. The PVC ceiling panels are made of plastic they may get damaged when subjected to heat. It only allows use of energy-efficient LED lights. Thus, it can restrain the growth of PVC wall panel market during the forecast period.  One of the most common side effects of quinoa is digestive discomfort which may obstruct the growth of the market. Also, fluctuation in prices of quinoa seeds is projected to hamper growth during the forecast period.

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Region Wise, Global Quinoa Seed Market Analysis:

Region wise, global quinoa seed market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all, Asia Pacific leads the global quinoa seed market share due to the major quinoa producing and exporting countries are in these regions which is followed by the Europe and North America.

Global Quinoa Seed Market: Product analysis

Black Quinoa Seeds

Red Quinoa Seeds

White Quinoa Seeds

Other

On the basis of type, Black Quinoa Seeds accounted for largest share of total revenue generated. Because, it has a protein value that is extremely high and the protein it supplies is complete protein.

Global Quinoa Seed Market: Application analysis

Direct Edible

Reprocessing Products

The demand of global quinoa seed market is highest from Direct Edible, due to they offer a rich reservoir of vitamins, minerals, and other nutrients.

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Global Quinoa Seed Market: Region analysis

North America: U.S., Canada, Mexico

Europe: U.K., France, Germany, Spain, Italy, Rest of Europe

Asia Pacific: China. Japan, South Korea, ASEAN, India, Rest of Asia Pacific

Latin America: Brazil, Argentina, Colombia, Rest of L.A.

Middle East and Africa: Turkey, GCC, UAE, South Africa, Rest of Middle East

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Last Updated: 05-Mar-2020