Coherent Market Insights

Chia Seeds Market estimated at US$ 691.7 Million in 2021

Chia Seeds Market estimated at US$ 691.7 Million in 2021 - Coherent Market Insights

Publish In: Jun 27, 2022

Global chia seeds market is estimated to be valued at US$ 691.7 Million in 2021, according to the Global Chia Seeds Market Report, by Color (White, Black and Brown), By Product Type (Whole Chia Seeds, Grounded Chia Seeds, Chia Seed Oil ), By End Use Industry (Food & Beverages Industry, Nutraceuticals, Personal Care, Others) and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), published by Coherent Market Insights.

Global chia seeds market was valued at US$ 691.7 Million in 2021. The Chia Seeds market is expected to register a CAGR of 28.0% over the forecast period (2022–2030) to reach US$ 6,375.6 Mn by 2030. Key factors such as growing demand for chia seeds & chia seed oil by food & beverages industry, changing dietary habits among people coupled with shifting consumer preference towards vegan food and gluten-free diet, increasing awareness about advantages of chia seeds along with rapid adoption of chia seed blended products in regulating cholesterol and blood pressure are expected to drive the growth of the global chia seeds market throughout the forecast period. Moreover, growing awareness about chia seeds among farmers due to higher returns, less cultivation cost and short duration time is playing important role in market growth. However, side effects associated with higher consumption of chia seeds may have negative impact on growth of chia seeds market. In addition, availability of multiple alternatives to chia seeds such as flax seeds, pumpkin seeds, hemp seeds and various others is a key challenge for market growth.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/chia-seeds-market-1248

Browse 50 market data tables* and 40 figures* on "Global Chia Seeds Market” - Forecast to 2030.

Key Trends and Analysis of the Global Chia Seeds Market:

  • Among product types, whole chia seeds segment accounted for highest revenue share in global chia seeds market in 2021, owing to ease of handling and higher shelf life of whole chia seeds as compared to other product types, the segment is projected to retain its position over the forecast period. Moreover, chia seed oil segment is expected to indicate significant growth due to increasing demand for chia seed oil especially in pharmaceuticals and personal care industries.
  • Among end-use industry, food & beverages segment dominated global chia seeds market in 2021, owing to increasing use of chia seed ingredients in the manufacturing of functional food & flavored health drinks along with favorable growth of food & beverages industries across the world. This segment is projected to maintain its dominance over the forecast period.

Key Takeaways of the Global Chia Seeds Market:

  • According to a study, North America held highest revenue share in global chia seeds market in 2021. The growth of chia seeds market in North America is mainly attributed to increasing demand for organic nutraceuticals products and beverages in the region. According to Organic Trade Association (OTA) North America, in 2021, sales of organic food products in the U.S. increased by 7.8% in comparison with 2020 and reached to US$ 43 billion.
  • Asia Pacific is projected to be the fastest growing region in global chia seeds market by witnessing a CAGR of 35.49% throughout the forecast period. In Asia Pacific, favorable growth of food & beverages industries in emerging economies such as China and India is expected to have positive impact on growth of Asia Pacific chia seeds market throughout the forecast period.
  • Major players operating in the global chia seeds market include Glanbia Nutritionals, Navitas Organics, Benexia, Garden of Life, Nutiva Inc., Mamma Chia, Salba Smart Natural Products, The Chia Co, and Spectrum Organics Products LLC.
  • Technology launches, merger & acquisitions, strategic partnership expansion, and research & development activities are key strategies adopted by players in the global chia seeds market. In May 2021, Benexia had launched a new Keto chia cake & muffin baking mix with Xia Powder 435 W LM., for low-carb consumer products with an enviable nutritional profile, clean label, and crave-worthy taste and texture. The Xia Powder 435 W LM found in Keto chia cake & muffin baking mix is a unique blend of both insoluble (45%) and soluble (11%) fibers necessary for gut health and immune support. It is also high in heart-healthy omega-3 (more than 5% ALA omega-3) and has more than 20% plant-based protein.

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