Market Scope:
Market Research Future (MRFR) reveals that chia seeds market should procure a growth rate of 8.86% between 2020 and 2027. Meanwhile, the market value by 2027-end should be close to USD 450 million, estimates MRFR.
Growth Boosters and Impediments:
Chia seeds are perceived to be a dynamic super food with high content of fiber, protein, minerals, vitamins, and essential fatty acids. These seeds single-handedly cater to all the nutritive needs of every age-group and their regular consumption bestows long-lasting health benefits. Given their easy supplementation, chia seeds can be made part of every diet, thereby contributing towards a health and wholesome lifestyle. To that end, the surge in health consciousness among consumers and the increasing focus on maintaining their well—being encourage them to opt for superfoods like chia seeds. Even the individuals focused on maintaining their weight or interested in losing weight account for a large portion of the consumer base.
Other than the food industry, Chia Seeds Market Size also find a wide array of applications in pharmaceuticals as well as personal care products. This has raised the need for chia seeds growers while also facilitating the entry of new players into the global market. Another significant growth booster can be the surging preference for organic chia seeds. Moreover, innovations in seed science have potentially improved the quality of chia seeds farming, which means a host of attractive opportunities for the manufacturers.
Brands are deeply involved in understanding the emerging tastes of the consumers as well as their health preferences, and are therefore, trying to establish healthy eating trends via their products. With consumers increasingly opting for nutrition rich ingredients that also taste good, companies are introducing food products infused with chia seeds to foster sales.
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Segmental Review:
Category, form, and application are the major segments outlined in the MRFR report, in order to offer an extensive layout of the chia seeds industry.
Chia seeds industry, with respect to category, caters to organic as well as conventional.
The forms in which chia seeds are generally available in the market are powdered chia seeds, chia seed oil and whole chia seeds.
The major applications of chia seeds are personal care & cosmetics, pharmaceuticals & nutraceuticals, food & beverages, and others. Chia seeds are used as key ingredients in a number of health supplements, which are gaining popularity among consumers. As a result, pharmaceutical companies are increasingly adopting chia seeds as key ingredients in their drugs to elevate their profit margins.
Regional Insight:
Europe, Asia Pacific/APAC, North America, as well as RoW/rest of the world are the primary markets for chia seeds.
North America is on track to be the highest revenue generating market for chia seeds, owing to the escalating number of consumers opting for superfoods. The expanding application range of chia seeds in the region, ranging from food industry to cosmetics, has led to higher business growth. North America’s favorable climatic conditions also help grow chia seeds to a large extent. The chia seeds market also gains impetus from the mounting health consciousness among people and their focus on well-being. The desire to maintain health and also enjoy a variety of food items prompt the consumers to go for chia seeds foods. The massive pool of renowned vendors offering extensive product portfolios should further elevate the market position in the years to come.
Asia Pacific is progressing at the fastest rate, thanks to the surge in the cultivation of chia seeds. In the region, the chia seeds market witnesses the highest growth in countries like Japan, India, and China, which are also seen as the prime spot for international players. The region offers lucrative opportunities to global companies, considering the rapidly soaring interest of consumers in superfoods. Improving economic standards and the high interest in trying new food items also add to the market value in Asia Pacific.
Eminent Vendors:
The renowned brands active in the global market for chia seeds include Sakata Seed Corporation (Japan), Chia Bia Slovakia s.r.o. (Slovakia), Naturkost Übelhoer GmbH & Co. (Germany), ChiaCorp (US), The Chia Co. (US), Glanbia plc (Ireland), Navitas Organics (US), Spectrum Organics Products LLC (US), Benexia Europa S.A. (Belgium), Mother India Organics and Naturals Pvt. Ltd. (India), Organic India (India), Garden of Life (US), Bagrrys India Limited (India), Agropecuaria Chia Corp Bolivia SA. (Bolivia), Bob's Red Mill (US), Mamma Chia LLC (US).
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