Quinoa Flour Market annual growth rate is 4.1 percent
Posted by michael on June 14th, 2019
Quinoa Flour Market Size and Growth Rate:
The global Quinoa Flour market was valued at USD 240 million in 2018 and will reach USD 320 million by 2025, growing at a CAGR of 4.1% during 2019-2025.
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Quinoa Flour Market Overview:
Botanically, quinoa is not considered as a grain, it is known as a pseudo-cereal. This means it is a non-grassy plant used in much the same way as cereals and grains with a comparable nutritional profile. Quinoa flour is observing a high demand among consumers due to the health benefits presented by it. Quinoa flour is gluten-free and high in fibre and are used in various food items as substitute to corn or wheat flour. It is augmented with vitamin B complex, calcium, magnesium, iron, and potassium which are vital for human body.
Quinoa Flour Market Growth Drivers and Restraints:
Quinoa is measured to be a healthier option when compared to starchy grains and is classified as a super food due to its beneficial inherent characteristics, such as the fact that it is protein-rich, high in vitamins and fibre and low in fat. With the strike in world economic growth, the Quinoa Flour industry has also suffered a certain influence, but still maintained a relatively hopeful growth, the past four years.
Due to the growing demand, the global market has also been observing an upward growth trend in the prices of Quinoa, especially since the past couple of years. Since price is the function of demand and the demand for quinoa has increased in developing countries, the sudden price increase was expected and has helped boost market growth.
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Quinoa Flour Market Geographical Segmentation:
The Quinoa market is further branched by region into Latin America, North America, Europe, Asia Pacific excluding Japan, Japan, and Middle East and Africa. In recent years, affected by growing demand, there is a rapid increase in the sales of quinoa flour in the region of South America, which occupied a sizeable market share of 43.4% in 2018. Quinoa is also widely grown in the region, where the three most important producing countries being Peru, Bolivia and Ecuador.
Key players of the Quinoa Flour Market:
Some of the global market players manufacturing different types of quinoa products include Big Oz, Irupana Andean Organic Food, Alter Eco, Andean Naturals,Quinoa Foods Company, Andean Valley, Northern Quinoa, Ancient Harvest, The British Quinoa Company, Arrowhead Mills and Highland Farm Foods.
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About the Authormichael
Joined: April 4th, 2019
Articles Posted: 31
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