In terms of revenue, global quinoa seed market in 2018 stood at USD 997.75 million and is expected to reach USD 1,463.66 million by 2026 growing at a CAGR of 5.63% from 2019 to 2026.
Some of the global major players operating in the quinoa seed market include: Hancock Seed & Company, COMRURAL XXI S.R.L., Northern Quinoa Applicationion Corporation (NorQuin), Quinoa Corporation (Ancient Harvest), Irupana Andean Organic Food S.A. and Others.
Drivers for the Global Quinoa Seed Market:
According to current market situation, increase in demand for nutritious and naturally healthy food ingredients and rising awareness about gluten free diet among consumers are estimated to drive the quinoa seeds market during the forecast period. Other factors driving the market demand are high-performance plastics are helping to improve fuel economy, increase production and consumption of light weight vehicles, ease of recycling and others.
Opportunities for the Global Quinoa Seed Market:
With the world population increasing, while the thought of a healthy diet gradually to the popularity, the quinoa seed market will increase significantly in the future, which for the development of the seed market would be a great promotion. The manufacturing and marketing of Quinoa Seed may bring opportunities for related enterprises.
Restrains for the Global Quinoa Seed Market:
Regardless of the positive outlook for the industry, the sector continues to face numerous restraints which pose a considerable risk to the profitability of services. The PVC ceiling panels are made of plastic they may get damaged when subjected to heat. It only allows use of energy-efficient LED lights. Thus, it can restrain the growth of PVC wall panel market during the forecast period. One of the most common side effects of quinoa is digestive discomfort which may obstruct the growth of the market. Also, fluctuation in prices of quinoa seeds is projected to hamper growth during the forecast period.
Region Wise, Global Quinoa Seed Market Analysis:
Region wise, global quinoa seed market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all, Asia Pacific leads the global quinoa seed market share due to the major quinoa producing and exporting countries are in these regions which is followed by the Europe and North America.
Global Quinoa Seed Market: Product analysis
- Black Quinoa Seeds
- Red Quinoa Seeds
- White Quinoa Seeds
Global Quinoa Seed Market: Application analysis
- Direct Edible
- Reprocessing Products
Global Quinoa Seed Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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