Global Quinoa Market growing at a CAGR of 9.1% from 2023 to 2031
Category : Food And Beverages | Published Date : Oct 2023 | Type : Press Release
Key Market Overview
Consegic Business Intelligence analyzes that the Quinoa market is predicted to grow at a compound annual growth rate of 9.1% from 2023 to 2031 and is expected to reach USD 2,186.57 million in 2031 and 1,091.71 million in 2023, which was valued at USD 1,004.86 million in 2022.
The report highlights the increasing awareness of the health benefits of quinoa, which is augmenting the global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the quinoa market.
Global Quinoa Market By Overview
The quinoa market is bifurcated into type, product type, and distribution channel. Based on type, the market is segmented into white, red, black, and others. In 2022, white segment dominate the overall quinoa market. Based on product type, the market is segmented into organic and conventional. In 2022, organic segment dominate the overall quinoa market. Based on distribution channel, the market is segmented into online and offline. In 2022, offline segment dominate the overall quinoa market.
Get Free SampleMarket Dynamics
Driver:
- Increasing awareness of the health benefits of quinoa is driving the market growth.
- Expanding applications of quinoa is boosting the growth of the quinoa market.
Restraints:
- Limited supply is hampering the growth of the quinoa market.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | White, Red, Black, and Others |
| By Product Type | Organic and Conventional |
| By Distribution Channel | Online (E-Commerce, Company Owned Website), and Offline (Hypermarkets/Supermarkets, Convenience Stores, and Others) |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as Grain Millers, Inc., ARDENT MILLS, and Jiwa, which have a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the quinoa market is expected to witness substantial growth in the coming years due to the growing popularity of plant-based diets in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- Grain Millers, Inc.
- ARDENT MILLS
- Jiwa
- Culingo
- Andeangrain
- The British Quinoa Company
- Impact Foods International Ltd.
- Blue Lake Milling
- Morning Foods Ltd
- Avena Foods Limited
