Quinoa Market is Projected US$ 2.78 Billion, Expanding at 10.7% CAGR by 2034

Rising Popularity of Plant-based Diets Set to Benefit Quinoa Manufacturers in the Long Run, Says Fact.MR Report

The global quinoa market is projected to reach a value of US$ 1 billion in 2024, as revealed in a recently updated industry analysis by Fact.MR, a market research and competitive intelligence provider. Worldwide sales of quinoa are forecasted to reach US$ 2.78 billion by the end of 2034.

Increasing shift to plant-based diets is stimulating the demand for quinoa due to its nutrient-rich profile, such as amino acids, which are generally not found in several plant food options. Growing inclination to vegetarianism and veganism is contributing to the increased popularity of quinoa as a nutritious and versatile alternative to conventional animal-based proteins.

Constant innovations by market players to introduce quinoa-based beverages and snacks catering to the specific requirements of health-conscious consumers are also driving global market growth. These innovations are attracting a diverse base of consumers, ranging from health enthusiasts to busy professionals, thereby contributing to the expanding market size.

Increasing involvement of leading market players to offer certified organic quinoa and cater to rising consumer requirements for eco-friendly and healthier food choices will create further growth prospects for them in the years ahead.

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Key Takeaway from Market Study

• The global market for quinoa is projected to expand at a CAGR of 10.7% from 2024 to 2034.
• North America is analyzed to account for 24.3% share of global market revenue by the end of 2034.
• Demand for quinoa in South Korea is approximated to accelerate at a CAGR of 11.5% from 2024 to 2034.
• Sales of quinoa in Japan are forecasted to rise at 11.2% CAGR through 2034.
• Worldwide demand for conventionally certified quinoa is evaluated to increase at a CAGR of 10.8% and reach a market valuation of US$ 1.26 billion by the end of 2034.
• Quinoa grains are analyzed to hold a share of 60.3% of the global market by 2034-end.

“Leading market players are investing in producing organic quinoa seeds and their by-products for use in several savory as well as sweet dishes,” says a Fact.MR analyst.

Leading Players Driving Innovation in the Quinoa Market:

Big Oz, Grain Millers Inc., The Real Seed Collection Ltd., Adaptive Seeds, Hancock Seed Company, General Mills Inc., Irupana Andean Organic Food, Arrowhead Mills, Victory Seed Company, Avena Foods Limited, New Quinoa Foods Company, Andean Valley, Victory Seed Company, Alter Eco, Territorial Seed Company, Andean Naturals, Northern Quinoa, Ancient Harvest, Highland Farm Foods, and The British Quinoa Company are some of the leading manufacturers of quinoa.

Surging Popularity of Quinoa Grains for High Nutritional Profile

Global demand for quinoa grains is evaluated to accelerate at a CAGR of 10.9% and reach a value of US$ 1.68 billion by the end of 2034. These grains are becoming a popular choice among more consumers for their rich profile of omega 3, fiber, and omega 6. The gluten-free nature of quinoa grains is stimulating their consumption in several diets.

Quinoa Market News:

Ardent Mills is an American firm that bought Andean Natural's California and Yuba City business in February 2020. This has assisted Ardent Mills in growing its quinoa and grain business.

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More Valuable Insights on Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the quinoa market, presenting historical demand data (2019 to 2023) and forecast statistics for the period (2024 to 2034).

The study divulges essential insights into the market based on product type (quinoa grains, intermediate products, processed products) and certification (conventional, organic, fair trade & dual), across seven major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and MEA).

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