Global Quinoa Seeds Market 2016-2020
About Quinoa Seeds
Quinoa belongs to the spinach family Chenopodium genus and is a healthy substitute to a carb- and meat-centric diet. Over the last few years, quinoa foods have emerged as a superfood in the health and wellness food category, especially in the Americas and Europe. Quinoa is the only plant food that possesses all the essential amino acids, vitamins, and trace elements. Furthermore, it can adapt to various ecological environments and climatic conditions. As it is impervious to dry spells, poor soils, and high salinity, quinoa can withstand temperatures ranging from below freezing to 38 degrees Celsius. There are around 120 species of quinoa, and over 1,800 diverse varieties are available, categorized based on the climatic conditions under which this crop grows.
Technavio’s analysts forecast the global quinoa seeds market to grow at a CAGR of 26.18% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global quinoa seeds market for 2016-2020. To calculate the market size, the report considers the revenue generated through the sales of quinoa seeds in the key geographical regions.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Quinoa Seeds Market 2016-2020
Technavio recognizes the following companies as the key players in the global quinoa seeds market: Alter Eco, Ancient Harvest, Andean Naturals, Andean Valley, and Quinoa Foods Company.
Other Prominent Vendors in the market are: Arrowhead Mills, Big Oz, Complejo Industrial y Tecnológico Yanapasiñani SRL, COMRURAL XXI, Highland Farm Foods, Irupana Andean Organic Food, Northern Quinoa, Quinoabol, and The British Quinoa Company.
Commenting on the report, an analyst from Technavio’s team said: “The growing demand for alternative sources of protein is an important trend spurring this market’s growth prospects. Quinoa has a protein content significantly higher than most grains. In addition, quinoa has emerged as a good alternative to rice as part of a high-protein meal for vegetarians. Quinoa's protein content is around 14%-18%, which is more than that of wheat, maize, rice, and oats, and it can be a good substitute for animal-based protein. Also, the calorific value of quinoa is more than that of eggs as well as milk and is comparable to that of meat. According to a research study conducted in 2009 by University of Chile, 15% of the total quinoa content is protein, which is approximately more than twice the amount found in most standard grains. The study also concluded that quinoa exhibits a complete amino acid profile, which is vital for the growth and development of the body. Also, quinoa has comparatively greater amounts of both lysine and isoleucine than other grains.”
According to the report, emergence of quinoa as a superfood is a key driver aiding in the growth of this market. Quinoa can be added to hot breakfast cereal, used as a rice substitute, and added as an ingredient in rice dishes like pilaf and in salads and soups. It can also be used to make cookies, muffins, and fritters. The market potential of quinoa-based foods as superfoods is based on the blending capacity in terms of taste and functionality with other foods. Quinoa appeals to a large and growing consumer base looking for nutritious and natural ingredients-based foods to stay healthy. In addition, quinoa is rich in minerals such as manganese, magnesium, iron, copper, and phosphorus, which are especially required by people with diabetes, migraines, and atherosclerosis. It is also a good source of vitamins B and E. Quinoa is also known as a complete protein owing to its excellent amino acid profile; it is also a good source of amino acid lysine, which is necessary for tissue growth and repair.
Further, the report states that fluctuations in prices of quinoa is a major challenge this market is facing. A major challenge for quinoa-based food manufacturers is the fluctuation in the prices of quinoa, which is greatly influenced by market dynamics. Most of the quinoa is produced in Central and South America. Quinoa suppliers or exporters in this region find it difficult to keep a control on the quinoa prices and ensure continuous supply because of the impact of drastic weather conditions such as El Niño effect. Therefore, any sudden spike in prices of quinoa due to abnormal climate, such as damage triggered by El Niño, or any disparity between product and consumption of quinoa affect the profit margins of many quinoa-based food market players. Such fluctuations and volatility in prices often create problems in production and thereby cause demand and supply gap in the market.
Alter Eco, Ancient Harvest, Andean Naturals, Andean Valley, Quinoa Foods Company, Arrowhead Mills, Big Oz, Complejo Industrial y Tecnológico Yanapasiñani SRL, COMRURAL XXI, Highland Farm Foods, Irupana Andean Organic Food, Northern Quinoa, Quinoabol, The British Quinoa Company.
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