Quinoa Seeds Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The global quinoa seeds market is projected to register a CAGR of 5.1% during the forecast period (2021-2026).

The year 2020 was not to be very promising for the quinoa market due to COVID-19. The COVID-19 has affected the global quinoa seeds market in three main ways (i.e) by directly affecting production and demand in the domestic as well as international market, by disrupting the supply chain and trade movements in terms of export-import, and by its financial impact on firms and financial markets operating in the segment. This trend is anticipated to hamper the market growth further if the pandemic restrictions are to be extended to the third quarter of 2021.

The changing consumption patterns and increasing health awareness, especially in European countries, are resulting in higher demand for quinoa seeds. However, price fluctuations and pesticide residue levels are holding back the growth of quinoa seeds. Due to its nutritional value, gluten-free nature, and its potential of being a functional food ingredient, quinoa has captured the attention of consumers around the world. The grain is very similar to rice and can be cooked and used in the same way. Currently, the seed is used as a health food and a tasty alternative to rice. However, the limited production of quinoa is subsequently limiting the growth of this market.

Scope of the Report

Quinoa is a type of cereal crop and is most widely used for its edible seed, which is gluten-free, high in protein, and is a good source of fiber. The commodity has more than 3,000 varieties, but only a few have been commercialized as of now. All the seeds have diverse characteristics, but their color, saponin level, and growth climate are the major properties considered during the trade of quinoa seeds. The Quinoa Seeds market includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis of quinoa across the globe and is segmented by Geography (North America, Europe, Asia Pacific, South America and Africa).

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Key Market Trends

Changing Consumption Patterns and Increasing Health Awareness are Driving the Market

The nutritional characteristics of quinoa seeds are especially attractive, due to its high protein content, gluten-free property, and high fiber content. The demand for organic quinoa is particularly on the rise in Europe, as well as North America, as awareness regarding both health and environment is increasing among the consumers.Quinoa is particularly considered as a health food, and increasing awareness regarding its nutritional properties, has led to higher demand for quinoa in Europe. Recent technological developments and research into seed varieties have led to the development of varieties that can be cultivated in temperate climates. The King Abdullah University of Science and Technology (KAUST) in Saudi Arabia has been successful in mapping the genetic structure of quinoa, thus, allowing genetic modification, which may prove crucial in increasing the crop productivity of quinoa. Hence, the change in the consumption pattern across the globe followed by increased awareness about the seed is anticipated to drive the market during the forecast period.

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