Chia seed Market Size Global Forecast 2021-2027, Industry Trends, Impact of COVID-19, Opportunity Company Analysis
発行: Renub Research
ページ情報: 英文 145 Pages
Chia seeds are an edible grain from an annual herbaceous plant, Salvia hispanica L. of the mint family (Lamiaceae). It is one of the essential components of the diet of Mayas and Aztecs. Chia seeds are trendy in the vegetarian and gluten-free diets super foods between the health-conscious people for a good source of antioxidants, fibre, protein, and calcium, phosphorus, manganese and omega-3 fatty acids. According to Renub Research, Global Chia Seed Industry will grow with a double digit CAGR of 30.77% during 2021-2027.
Increasing demand for chia seeds in protein bars & natural food ingredients and dietary supplements in the food & beverage industry, preference for organic & gluten-free, vegan diet fuelled by growing awareness about chia seeds, especially among professional athletes, are main factors driving the growth of the global chia seeds market. The preference for non-GMO chia seeds for cultivation is immense for raw material suppliers and distributors to invest in the chia seeds market.
Furthermore, the global Chia seed market is anticipated to be driven by nutritional and health-related properties. Chia seed has versatile ingredients that add value to the recipes; the sources offer high nutrition and medicinal value. The rising awareness of the nutritional advantages of chia seeds is setting a trend of chia seeds based product launches in the market, driving the growth of this market. However, stringent regulations imposed on the use of personal care ingredients & food by regional government authorities such as EFSA, FDA and less awareness about the importance of chia seeds in developing economies are significant challenges for the growth of the chia seeds market.
Based on form, chia seeds are segmented into the whole chia, milled/ground chia, pre-hydrate chia, chia Oil-the whole chia segment is estimated for the largest market share due to high demand. Whole seeds are readily available in the market and added to many foods and drinks. Moreover, rising usage in animal feed and pet food applications due to high omega-three content will spur the demand for these seeds.
In addition, the oil form has a broad scope of application in personal care & cosmetics and nutritional & dietary supplements. Chia seed oil is a widespread ingredient in skincare products due to its high fatty acid content. It protects against ultraviolet (UV) rays and better skin hydration, which reduces the appearance of fine lines.
Worldwide, North America is the most extensive user of chia seeds. The American Heart Association recommends including omega-3 rich foods and oils in daily diets to prevent heart disease. Non-GMO and Organic variants are the emerging trend for black and white chia seeds. Chia seeds are a functional ingredient in bakery products, muesli bars, peanut butter, cereals, and other food products.
The United States mainly imports chia seeds from various countries, such as Mexico, China, Paraguay, and Argentina. Chia seeds are readily available in grocery shops because they have a massive demand in the region. These benefits lead to the enhanced imports of the seeds in the United States. Besides, Chia seeds are significant for the agricultural industry's future in Asia- Pacific; the seeds are increasingly integrated into food sectors and health trends, such as energy drinks, snacks, or aggregates with cereal. China is the leading exporter of chia seeds in Asia-Pacific.
Chia seeds are among the majorly exported products as the item's production is limited to a few geographies. Therefore, the initial Covid-19 lockdown causing disruptions in the logistics system has hit the commodity's supply across the globe and led to a decline in the chia seeds market in 2020.
Some of the significant global chia seeds market players are Glanbia PLC, Spectrum Organic Products LLC, Bayer AG, KWS SAAT SE and Co. KGaA, and Tyson Foods. The global chia seeds market players adopt several innovative techniques such as improved product distribution strategies and product launches to stay ahead.
Renub Research latest Report "Global Chia seed Market by Form (Whole Chia, Milled/Ground Chia, Pre-hydrate Chia, Chia Oil), Type (Black, Brown, White), Application (Personal Care & Cosmetics, Animal Feed & Pet Food, Nutritional & Dietary Supplements, Others), Region (North America, Europe, Asia-Pacific, Latin America, Middle East and America), Top Importing Country (United States ,Germany, Netherland), Top Exporting Country (China , Canada ,Netherlands), Company Analysis (Glanbia PLC, Spectrum Organic Products LLC, Bayer AG, KWS SAAT SE and Co. KGaA, and Tyson Foods)" provides complete details on Global Chia seed Industry.