Global Packaged Chia Seed Market - Growth, Trends and Forecasts (2018 - 2023)
The Global Packaged Chia Seed Market is expected to register a CAGR of 5.8%, during the forecast period of 2018-2023. Chia seeds are obtained from the plant Salvia hispanica, which is native to Southern Mexico and Guatemala. The seeds of chia are speckled brown or white, and have a faint nutty aroma and a crunchy texture. Due to its inherent nutritional content, packaged chia seed is regarded as a super food. Chia seed contains essential PUFA, Omega-3, proteins, vitamins, minerals, and fiber. Omega-3 is an essential PUFA that offers various health benefits for eyes, bones, heart, etc.
Growing Demand for Ancient Grains
The increased demand for nutritional ancient grains and multi-cereal-based products as functional foods are driving the demand for chia seeds. Chia seeds are free from gluten, and have high protein content. The gluten-free property of chia seeds also creates a strong interest among consumers suffering from gluten intolerance (celiac disease) or those who simply avoid gluten intake (lifestyle choice). Chia seeds can be used in a wide range of food products, such as breakfast cereals, baked products, fruits, nuts and seed mixes, and for direct consumption. There is an increasing trend of the launch of chia seed-based products in the market, such as Chia seed-based drinks with less sugar, and baked products. This trend is driving the demand for chia seeds.
At present, the production of chia seeds is limited, while the demand is increasing, due to the growing consumer awareness about its nutritional benefits. Chia seed is mainly produced in South America and Australia. This increasing demand and supply gap results in soaring prices of chia seeds. The exorbitant prices of 2013 led to record plantings in 2014 and beyond. This has affected the market’s growth. Regulatory requirements by different countries for the safe use of chia seeds in food application, is another major factor restraining the growth of the market.
The packaged chia seed market has been segmented based on product type and distribution channel. By product type, the market segmentation includes white, black, and brown. The black chia seed segment dominates the market, while the white chia seed segment has been recording a healthy growth rate. The sales of black chia seeds are expected to exceed 40,000 million metric ton in 2017. By distribution channel, the market segmentation includes supermarket, hypermarket, convenience stores, online, and other distribution channels. The online channel holds a niche share in the market, and is expected to grow at a healthy pace. The modern grocery store segment occupies a dominant position in the market, due to its enhanced product availability.
The North American region accounts for the largest share of the market, followed by Europe. Europe does not have domestic production of chia seeds, and is largely dependent on import. There is a growing demand for organic chia seeds in North America and Europe. The increasing demand for functional cereals and baked products in Asia-Pacific is driving the market at a robust pace.Major PLAYERS: NUTIVA INC., SESAJAL SA DE CV, SPECTRUM NATURALS, BENEXIA, CHIA BIA, VEGA PRODUCE LLC, MAMMA CHIA, NOW HEALTH GROUP INC., AGROBOLIVIA and NATURKOST ÜBELHÖR GMBH, amongst others.
Reasons to Purchase this Report
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook