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  • Published On : Sep 2021
  • Code : CMI4616
  • Industry : Consumer Goods
  • Pages : 110
  • Formats :

Quinoa is one of the world's healthiest and most nutritious foods. It is gluten-free by nature, high in protein, and one of the few plant foods that has all nine essential amino acids such as histidine, isoleucine, leucine. It also contains a lot of fibre, magnesium, B vitamins, iron, potassium, calcium, phosphorus, vitamin E, and other antioxidants. The global black quinoa market is estimated to surpass US$ 193.15 million by the end of 2027 in terms of revenue, exhibiting a CAGR of 9.8% during the forecast period (2021 to 2027).

Drivers

Quinoa is low in calories, with only 160 calories per quarter-cup serving and only 2.5 grams of fat and six grams of protein. About 28% of the fatty acids in quinoa are oleic acid, a heart-healthy monounsaturated fat, and about 5% are alpha-linolenic acid, or ALA, an omega-3 fatty acid found most commonly in plants and linked to lower risk of inflammation-related disease. Thereby, rising inflammatory diseases globally is one of the major driver for the growth of the black quinoa market. For instance, chronic diseases are ranked as the greatest hazard to human health by the World Health Organization (WHO). Moreover, the WHO also suggests that, in the U.S., the prevalence of disorders linked to chronic inflammation is expected to rise steadily over the next 30 years.

Figure 1. Global Black Quinoa Market Revenue Share (%), By Region, 2020

Black Quinoa  | Coherent Market Insights

Market Restraints

Limited supply of quinoa is one of the major restraint in the market, as these crops require certain cultivation environment. Hence, limited countries such as Peru and Bolivia are able to produce quinoa crops. Regular increase in price of quinoa seeds, owing to high competition among the players is further expected to restrain the growth of the market.

Market Opportunities

Growing quinoa cultivation across the globe is expected to drive growth of the market over the forecast period. Bolivia and Peru, however, remain the world's top quinoa producers. In 2019, the global Food, Health and Society suggested that, Bolivia and Peru together produces more than 80% of quinoa in the world, followed by Ecuador, USA and China.

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Black Quinoa Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2020: US$ 100.39 Mn
Historical Data for: 2017 to 2019 Forecast Period: 2021 to 2027
Forecast Period 2021 to 2027 CAGR: 9.8% 2027 Value Projection: US$ 193.15 Mn
Geographies covered:
  • Regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa 
Segments covered:
  • By Type: Organic and Conventional
  • By Application: Food & Beverages, Animal Feed, Cosmetics, Pharmaceuticals, and Others 
Companies covered:

The Quinoa Company, The J.M. Smucker Company, ARDENT MILLS, ADM Animal Nutrition, IMG Holdings Inc., Wunder Basket, Northern Quinoa Production Corporation, Kiwi Quinoa, The British Quinoa Company, and Organic Farmers Co.

Growth Drivers:
  • Rising inflammation-related disease globally drives the overall market
Restraints & Challenges:
  • Limited production of quinoa is subsequently limiting the growth of this market

Figure 2. Global Black Quinoa Market – Opportunity Analysis

Black Quinoa  | Coherent Market Insights

Market Trends

Awareness of healthy diets is increasing the demand for nutritious grains such as quinoa. . Moreover, rising cultivation of quinoa across various countries such as Peru and Bolivia is also expected to drive the market growth. The reports by Frontiers, one of the leading open access publisher and open science platform suggested that, the number of countries growing quinoa has risen rapidly from eight in 1980 to 75 in 2014, with a further 20 countries, which sowed quinoa for the first time in 2015.

Figure 3. Global Black Quinoa Market Revenue Share (%), By Type, 2020

Black Quinoa  | Coherent Market Insights

On the basis of type, organic segment dominated the black quinoa seeds market in 2020accounting for 57% of the market share, in terms of revenue.

Global Black Quinoa Market - Impact of Coronavirus (Covid-19) Pandemic

Food being an essential commodity, the demand for food ingredients is expected to rise during the pandemic and post pandemic conditions, worldwide. Having said that, Coronavirus (Covid-19) has majorly impacted the food & beverages industry and in turn has changed the dynamics of entire ecosystem including raw material suppliers, supplying food ingredients. Lockdown in various nations such as India, China and Spain, among others and cease in the subsequent trade activities has disrupted the supply chain. Increasing spread of Covid-19 has mandated the manufacturers to deploy precautionary measures in their facilities including labors and plant controllers screening and monitoring, and sanitizing the facilities

Competitive Section

Key players operating in the global black quinoa market include The Quinoa Company, The J.M. Smucker Company, ARDENT MILLS, ADM Animal Nutrition, IMG Holdings Inc., Wunder Basket, Northern Quinoa Production Corporation, Kiwi Quinoa, The British Quinoa Company, and Organic Farmers Co.

The global black quinoa market is expected to exhibit a CAGR of 9.8% during the forecast period. The high anthocyanin concentration of black quinoa gives it its dark colour. Anthocyanins are an antioxidant that protects cells from UV and free radical damage. Antioxidants offers protection against diseases such as cancer and heart disease. Black quinoa has more of an earthy flavor than white quinoa and slightly sweeter. Black quinoa is highest in fibre with a one-cup serving having 5 grams of fibre. It is estimated that there are 1,800 types of quinoa. Quinoa seeds can be red, black, white, gray, orange, green or yellow.

Quinoa is one of the few plant-based sources of complete proteins, which include all nine essential amino acids. It's one of the greatest vegetarian protein sources available in the market. Black quinoa also has a higher fibre level than other quinoa varieties. When cooked, white quinoa appears fluffier, whereas black quinoa tend to be a bit crunchier in texture. Moreover, rising gluten-free diets across the globe is expected to increase the demand for black quinoa over the forecast period. The reports by Coherent Market Insights suggests that, approximately 1.6 million people follow a gluten-free.

Key features of the study:

  • This report provides in-depth analysis of black quinoa market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2021-2027), considering 2020 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global black quinoa market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include The Quinoa Company, The J.M. Smucker Company, ARDENT MILLS, ADM Animal Nutrition, IMG Holdings Inc., Wunder Basket, Northern Quinoa Production Corporation, Kiwi Quinoa, The British Quinoa Company, and Organic Farmers Co.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology upgradation, market expansion, and marketing tactics
  • The global black quinoa market report caters to various stakeholders in this industry including investors, suppliers, black quinoa manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global black quinoa market

Detailed Segmentation:

  • Global Black Quinoa Market, By Type:
    • Organic
    • Conventional
  • Global Black Quinoa Market, By Application:
    • Food & Beverages
    • Animal Feed
    • Cosmetics
    • Pharmaceuticals
    • Others
  • Global Black Quinoa Market, By Region:
    • North America
      • U.S.
        • By Type
          • Organic
          • Conventional
        • By Application:
          • Food & Beverages
          • Animal Feed
          • Cosmetics
          • Pharmaceuticals
          • Others
      • Canada
        • By Type
          • Organic
          • Conventional
        • By Application:
          • Food & Beverages
          • Animal Feed
          • Cosmetics
          • Pharmaceuticals
          • Others
    • Europe
      • U.K.
        • By Type
          • Organic
          • Conventional
        • By Application:
          • Food & Beverages
          • Animal Feed
          • Cosmetics
          • Pharmaceuticals
          • Others
      • Italy
        • By Type
          • Organic
          • Conventional
        • By Application:
          • Food & Beverages
          • Animal Feed
          • Cosmetics
          • Pharmaceuticals
          • Others
      • France
        • By Type
          • Organic
          • Conventional
        • By Application:
          • Food & Beverages
          • Animal Feed
          • Cosmetics
          • Pharmaceuticals
          • Others
      • Germany
        • By Type
          • Organic
          • Conventional
        • By Application:
          • Food & Beverages
          • Animal Feed
          • Cosmetics
          • Pharmaceuticals
          • Others
      • Spain
        • By Type
          • Organic
          • Conventional
        • By Application:
          • Food & Beverages
          • Animal Feed
          • Cosmetics
          • Pharmaceuticals
          • Others
      • Russia
        • By Type
          • Organic
          • Conventional
        • By Application:
          • Food & Beverages
          • Animal Feed
          • Cosmetics
          • Pharmaceuticals
          • Others
      • Rest of Europe
        • By Type
          • Organic
          • Conventional
        • By Application:
          • Food & Beverages
          • Animal Feed
          • Cosmetics
          • Pharmaceuticals
          • Others
    • Asia Pacific
      • China
        • By Type
          • Organic
          • Conventional
        • By Application:
          • Food & Beverages
          • Animal Feed
          • Cosmetics
          • Pharmaceuticals
          • Others
      • India
        • By Type
          • Organic
          • Conventional
        • By Application:
          • Food & Beverages
          • Animal Feed
          • Cosmetics
          • Pharmaceuticals
          • Others
      • Japan
        • By Type
          • Organic
          • Conventional
        • By Application:
          • Food & Beverages
          • Animal Feed
          • Cosmetics
          • Pharmaceuticals
          • Others
      • ASEAN
        • By Type
          • Organic
          • Conventional
        • By Application:
          • Food & Beverages
          • Animal Feed
          • Cosmetics
          • Pharmaceuticals
          • Others
          •  
      • Australia
        • By Type
          • Organic
          • Conventional
        • By Application:
          • Food & Beverages
          • Animal Feed
          • Cosmetics
          • Pharmaceuticals
          • Others
      • Rest of Asia Pacific
        • By Type
          • Organic
          • Conventional
        • By Application:
          • Food & Beverages
          • Animal Feed
          • Cosmetics
          • Pharmaceuticals
          • Others
    • Latin America
      • Brazil
        • By Type
          • Organic
          • Conventional
        • By Application:
          • Food & Beverages
          • Animal Feed
          • Cosmetics
          • Pharmaceuticals
          • Others
      • Argentina
        • By Type
          • Organic
          • Conventional
        • By Application:
          • Food & Beverages
          • Animal Feed
          • Cosmetics
          • Pharmaceuticals
          • Others
      • Mexico
        • By Type
          • Organic
          • Conventional
        • By Application:
          • Food & Beverages
          • Animal Feed
          • Cosmetics
          • Pharmaceuticals
          • Others
      • Rest of Latin America
        • By Type
          • Organic
          • Conventional
        • By Application:
          • Food & Beverages
          • Animal Feed
          • Cosmetics
          • Pharmaceuticals
          • Others
    • Middle East & Africa
      • Middle East
        • By Type
          • Organic
          • Conventional
        • By Application:
          • Food & Beverages
          • Animal Feed
          • Cosmetics
          • Pharmaceuticals
          • Others
      • Africa
        • By Type
          • Organic
          • Conventional
        • By Application:
          • Food & Beverages
          • Animal Feed
          • Cosmetics
          • Pharmaceuticals
          • Others
  • Company Profiles
    • The Quinoa Company*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • The J.M. Smucker Company
    • ARDENT MILLS
    • ADM Animal Nutrition
    • IMG Holdings Inc.
    • Wunder Basket
    • Northern Quinoa Production Corporation
    • Kiwi Quinoa
    • The British Quinoa Company
    • Organic Farmers Co.

 “*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

The global black quinoa market is estimated to surpass US$ 193.15 million by 2027 and is expected to exhibit a CAGR of 9.8% between 2020 and 2027.
Rising inflammation-related disease globally is expected to drive the market growth.
Rising adoption of quinoa across various end-use industries.
Limited production of quinoa is subsequently limiting the growth of this market.
Major players operating in the market include The Quinoa Company, The J.M. Smucker Company, ARDENT MILLS, ADM Animal Nutrition, IMG Holdings Inc., Wunder Basket, Northern Quinoa Production Corporation, Kiwi Quinoa, The British Quinoa Company, and Organic Farmers Co.
The market was valued at US$ 100.39 million in terms of revenue, in 2020

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