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Global Quinoa Market 2023 Business Growth, Opportunity Assessment, International Expansion And Forecast To 2032 | Major Players Are Adaptive Seeds, Agrophilia, Andean Valley, Territorial Seed Company, Ancient Harvest
Quinoa Market
The Business Research Company's Quinoa Global Market Report 2023 identifies The increase in health awareness as the major driver for the Quinoa Market's growth in the forecast period. Healthy eating has become the norm, with most consumers demanding foods and beverages to meet progressively nuanced health and wellness, ethics, and sustainability criteria. People are preferring quinoa as it is high in fiber, gluten-free, and contains all the essential amino acids. With quinoa becoming more readily available, product innovation and the increased desire for healthy foods will fuel its future growth.
The global quinoa market size grew from $91.73 billion in 2022 to $103.61 billion in 2023 at a compound annual growth rate (CAGR) of 13.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The quinoa market size is expected to grow to $152.44 billion in 2027 at a CAGR of 10.1%.
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Major competitors in the Quinoa Market are Adaptive Seeds, Agrophilia, Andean Valley, Territorial Seed Company, Ancient Harvest, Quinoa Foods Company, The British Quinoa Company, Alter Eco, ComRural S.R.L., Ardent Mills, Quinoabol S.R.L, Inca Health Organic, Keen One Quinoa, Mewar Impex and Sharp.
A key trend in the Quinoa Market includes Homecraft quinoa. Homecraft quinoa is made from a waxy kind of golden quinoa seed that is only available from home craft. Major companies operating in the quinoa sector are focused on developing home craft quinoa to meet consumer demand for sustainable food and beverages made with ancient grains. For instance, in December 2020, Ingredion Incorporated, a US-based food company launched Homecraft Quinoa 112 flour in US and Canada. Quinoa 112 from Homecraft is used in several traditional and gluten-free products, such as baked goods, snacks, pasta, pet food, and more.
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The Quinoa Market is segmented -
By Type: Organic, Inorganic
By Application: Food Industry, Cosmetic Industry, Pharmaceutical Industry, Other Applications
By End User: Ingredient , Packed Food
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. South America was the largest region in the Quinoa Market.
The Business Research Company's "Global Quinoa Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Quinoa Market Include:
1. Executive Summary
2. Quinoa Market Characteristics
3. Quinoa Market Trends And Strategies
4. Quinoa Market - Macro Economic Scenario
5. Quinoa Market Size And Growth
……
26. Africa Quinoa Market
27. Quinoa Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Quinoa Market
29. Quinoa Market Future Outlook and Potential Analysis
30. Appendix
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