Market Size of Chia Seed Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 1.51 Billion |
Market Size (2029) | USD 2.93 Billion |
CAGR (2024 - 2029) | 14.19 % |
Fastest Growing Market | Europe |
Largest Market | North America |
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Chia Seeds Market Analysis
The Chia Seed Market size is estimated at USD 1.51 billion in 2024, and is expected to reach USD 2.93 billion by 2029, growing at a CAGR of 14.19% during the forecast period (2024-2029).
Chia seeds are among the majorly exported commodities as the production of the commodity is limited to a few geographies. Hence, the initial COVID-19 lockdown caused disruptions in the logistics system, which affected the supply of the commodity across the world. This led to a decline in the market during the first half of 2020. However, the pandemic has increased the health consciousness among consumers, which has opened an opportunity for superfoods, including chia seeds. This factor is anticipated to propel the market during the forecast period. Chia seeds do not follow the commoditization trend, as the market is still small. However, as more consumers are now aware of chia seeds and their benefits, the market is likely to witness tremendous growth in the near future globally. The United States and Australia continue to be the countries with the highest demand for chia seeds and other chia-based products, but there are markets, such as the United Kingdom, Brazil, Chile, and Spain, that have shown a substantial increase in their demand.
Over the long term, the increasing demand for ancient nutritional grains and multi-cereal-based products like functional foods are driving the demand for chia seeds. Chia seeds are gluten-free and have high protein content. The gluten-free property of chia seeds is expected to create a strong demand among consumers suffering from gluten intolerance (celiac disease) or those who simply avoid gluten because of their lifestyle choices.