Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
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).
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
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.
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.
Black Quinoa Market Report Coverage
||Market Size in 2020:
||US$ 100.39 Mn
|Historical Data for:
||2017 to 2019
||2021 to 2027
|Forecast Period 2021 to 2027 CAGR:
||2027 Value Projection:
||US$ 193.15 Mn
- Regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa
- By Type: Organic and Conventional
- By Application: Food & Beverages, Animal Feed, Cosmetics, Pharmaceuticals, and Others
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.
- 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
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
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.