The global quinoa seed market is expected to exhibit strong growth, reaching USD 1.8 billion by 2030. As per the report titled "Quinoa Seed Market Size, Share Recession Impact Analysis, By Type (White, Red, Black and Others), By Application (Direct Consumption and Reprocessed),, and Regional Forecasts, 2023-2030" observes that the market size in 2022 stood at USD 1.2 billion and USD 1.8 billion in 2030. The market is expected to exhibit a CAGR of 7.40% during the forecast period.
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Ardent Mills Purchased Andean Naturals' Quinoa Operations in Yuba City
In February 2020, the quinoa businesses of Andean Naturals in Yuba City and California were purchased by Ardent Mills, a US-based provider of baked goods, for an unknown sum. With this acquisition, Ardent Mills' quinoa and grain business will be strengthened and expanded. A US-based company called Andean Naturals produces and processes quinoa.
Consumer Changing Dietary Preferences will drive the industry
The market for quinoa seeds is expanding primarily as a result of shifting dietary habits. The demand for unique and speciality ingredients like quinoa has increased as people's eating habits become more adventurous and they are exposed to different flavours and cuisines. Quinoa is a flexible food that may be added to a variety of recipes, including soups, burgers, and salads. It is a great addition to many various cuisines because of its mild, nutty flavour and slightly crispy texture. Due to its adaptability, it has gained appeal and been included into a variety of fresh and creative meals. Furthermore, demand for vegetarian and vegan choices has increased as a result of shifting gastronomic preferences. Quinoa appeals to those who follow a vegetarian or vegan diet since it is a plant-based protein source that may be used in place of meat. This has contributed to its rise in popularity with this group of people and led to its inclusion in numerous vegetarian and vegan cuisines.
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Concerns Related to Sustainability of Quinoa Seeds to Constrain Market Expansion
One important barrier to the market expansion for quinoa seeds is worries about sustainability. There are issues with the environmental, social, and economic effects of quinoa production, despite the fact that it has gained popularity as a healthy food and is a significant export crop for several nations. One of the biggest environmental issues is that quinoa farming can result in soil erosion and depletion, which can have a long-term negative influence on the fertility of the land. This is especially true in the high-altitude areas of the Andes where quinoa is typically farmed. Soil and water pollution may result from the growing usage of fertilisers and agrochemicals.
Major Players Develop Acquisition Plans to Boost Brand Image
The leading businesses in the quinoa seed market plan acquisitions to improve their brand recognition globally. For instance, in February 2022, the quinoa businesses of Andean Naturals in Yuba City and California were acquired by American company Ardent Mills for an undisclosed sum. This acquisition will boost and accelerate Ardent Mills' quinoa and grain business. The United States-based manufacturer and processor of quinoa is called Andean Naturals.
Recent Development:
- In April 2022, The Speciality Grains and Seeds, Peru Sustainability Report 2021, published by Olam Agri, details the company's ongoing efforts to create chia and quinoa supply chains that are more environmentally and socially responsible while also benefiting the local communities in Peru that grow these crops.
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List of Key Players Profiled in the Report
- Alter Eco
- Irupana Andean Organic Food
- Northern Quinoa
- Highland Farm Foods
- Andean Naturals
- Industrial and Technological Complex Yanapasiñani SRL,
- Arrowhead Mills
- Quinoabol
- COMRURAL XXI
- The British Quinoa Company
- Ancient Harvest
- Andean Valley
- Quinoa Foods Company
- Big Oz
Further Report Findings
- The market in Latin America is expected to gain a huge portion of the global Quinoa seed market share in the coming years. Quinoa is a popular grain in Latin America.
- Quinoa is primarily grown in northern Bolivia and southern Peru.
- In North America, the growth in this region is primarily driven by the presence of quinoa seed growers, as well as growing public awareness of the health benefits of quinoa seeds.
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