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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