Chia Seed Market to register a healthy 5.5% CAGR, in terms of volume, during 20Posted by Shirish Wadaskar on July 28th, 2018 Future Market Insights (FMI), in its report, projects the global chia seed market to register a healthy 5.5% CAGR, in terms of volume, during the forecast period 2017 to 2027. Global sales of chia seeds will reach nearly 66,000 MT in 2017; by 2027 this number is estimated to surpass 100,000 MT. In terms of volume, North America will remain the most-lucrative region in the global chia seed market. Sales of chia seeds in this region are expected to reach nearly 50,000 MT by 2027-end. Sales of chia seed in North America and Asia Pacific Excluding Japan (APEJ) are expected to exhibit parallel expansion at 6.1% CAGR through 2027, in terms of volume. In addition Western Europe will continue to be the second-largest market for chia seeds during the forecast period, with sales pegged to surpass 10,000 MT by 2017-end. Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-4439 Increasing Demand for Organic Food to Drive Growth of Chia Seed Market in North America Demand for organic food has been witnessing a substantial surge in North America over the past few years. In this region, chia seeds are highly marketed as organic, claiming high nutrient value and labelled as non-GMO. Hectic, fast-paced lifestyle of people, coupled with eating patterns are shifting consumer preferences towards healthy snack options. Chia seed snacks including breakfast bars offer various health benefits, and can be consumed on-the-go. These factors are expected to drive growth of chia seed market in North America. However, inadequate regulation across North American countries creates confusion among consumers regarding the origin of chia seed plant, thereby restraining adoption. Moreover, increasing presence of substitutes including flax seeds, pumpkin seeds, sunflower seeds, and hemp seeds are likely to impede demand for chia seeds in North America. Growing Demand for Functional Food to Propel Growth of Chia Seed Market in APEJ Increasing demand for functional food in APEJ, coupled with higher number of players introducing products based on functional category, is likely to propel growth of the chia seed market in this region. In addition, rapid digitalisation has resulted into high e-commerce penetration into APEJ countries. Chia seeds have long shelf-life, and can be packed easily as per requirements. These factors are further expected to drive the market growth of chia seed in APEJ. However, factors such as lack of awareness about chia seeds’ health benefits, and presence of various competitive substitutes are expected to hamper growth of chia seed market in APEJ. Key Findings of FMI’s Report are as Follows
Key market players identified in FMI’s report include Sesajal SA De CV, Bioglan (PHARM-A-CARE Laboratories Pty. Ltd.), Nutiva Inc., Navitas Naturals, Spectrum Naturals (Hain Celestial Group), Benexia (Functional Products Trading S A.), Chia Bia Slovakia, s.r.o., The Chia Co., Vega Produce LLC., CHOSEN FOODS INC, Mamma Chia, Now Health Group, Inc., Naturkost Übelhör GmbH & Co. KG, AgroBolivia (Negocios Europa Ltd.) Like it? Share it!More by this author |