June 15, 2024

The Quinoa Grain Market is Propelled by increasing demand for protein-rich foods

Quinoa is a nutrient-dense pseudo-cereal that is considered a complete source of protein. It contains all essential amino acids and is high in fiber, antioxidants, magnesium, and phosphorus. Quinoa is easy to cook and can be used as an alternative to rice, couscous, and other grains in salads, soups and breakfast dishes.

The global Quinoa Grain Market is estimated to be valued at US$ 3 Billion in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023-2028, as highlighted in a new report published by Coherent Market Insights.

Market key trends: The increasing demand for protein-rich foods around the world has been a key driver for the growth of the Quinoa Grain Market. Quinoa contains higher amounts of protein compared to other grains and is also a good source of plant-based protein. With growing health consciousness, consumers are increasingly preferring foods that are high in protein but low in calories. This changing dietary preference has propelled the demand for quinoa globally. Furthermore, the vegan and gluten-free trends have also boosted the popularity of quinoa as an alternative to wheat and other grains. Quinoa is now commonly found in supermarkets, health stores as well as restaurants, facilitating its easy availability and accessibility to consumers.

SWOT Analysis

Strength: Quinoa grain is highly nutritious and has a good protein content. It is a gluten-free alternative to other grains.

Weakness: Quinoa cultivation is dependent on climatic conditions and faces challenges from pests and diseases. The production of quinoa grain requires manual labor intensive practices.

Opportunity: There is a growing global demand for quinoa grain due to rising health consciousness. Developing technologies can help automate quinoa cultivation and reduce production costs.

Threats: Volatile climatic conditions can impact quinoa yields. Increased cultivation can lead to loss of crop biodiversity and dependence on hybrid varieties.

Key Takeaways

The global Quinoa Grain Market is estimated to be valued at US$ 3 Billion in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023-2028.

The global quinoa grain market is expected to witness high growth over the forecast period. South America led by Peru and Bolivia currently dominate the quinoa grain production worldwide. Peru is the largest producer and exporter of quinoa grain globally. However, North America is emerging as the fastest growing regional market for quinoa.

Key players operating in the quinoa grain market are Ancient Harvest, Arrowhead Mills, Big River Grains, Complejo Industrial y Tecnológico Quinoa Andinos, Highland Farm Foods, Irupana Andean Organic Food, Northern Quinoa, Quinoa Foods Company, The British Quinoa Company. With rising popularity of quinoa, these companies are investing in R&D and automation to reduce production costs and ensure consistent supply of quinoa grain.