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
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.
| 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: |
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| Segments covered: |
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| 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. |
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Figure 2. Global Black Quinoa Market – Opportunity Analysis
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
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:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section.
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