Asia Pacific Buckwheat Market is expected to be worth USD 1.4 billion in 2024 and is projected to grow at a CAGR of 6.19% to reach USD 1.8 billion by 2029.
Buckwheat is a plant that belongs to non-grasses and is majorly cultivated because of its grains, which resemble cereals. It is also cultivated as a cover crop to maintain soil fertility, prevent soil erosion, and manage weeds, pests, and diseases before planting a commercial crop. It is related to herbs and flowering plants such as sorrel and knotweed. Its seeds are rich in complex carbohydrates and significant protein content, and hence it is called a pseudo cereal. It is a short-season crop that grows well on low-fertility soils, and hence, it is also used as a part of crop rotation. It can also be grown in high altitudes and in cold weather as well. Buckwheat flour is widely consumed as noodles and many other food items. Buckwheat production has been reduced in recent years due to the availability of nitrogenous fertilizers to maintain the fertility of the soil.
Increasing demand for healthy and nutritional food products due to increasing health awareness is increasing the demand for buckwheat and its products. Several applications of buckwheat in the beverage and cosmetics industry and growing demand for gluten-free and organic food are expected to drive the buckwheat market. However, the decrease in the production of buckwheat in recent years due to the availability of alternate ways to improve soil fertility and reported issues of allergic reactions to buckwheat products are restraining the market growth.
This Research Report on the Asia Pacific Buckwheat Market is Segmented and sub-segmented into the following categories:
Asia Pacific Buckwheat Market – By Application:
Buckwheat finds its major applications in food industry as it is used in manufacturing variety of food products and also due to the increase in demand for low calorie, gluten free food.
Asia Pacific Buckwheat Market - By Form:
Asia Pacific Buckwheat Market – By Distribution Channel:
Retailers and supermarkets are the major distribution centers for buckwheat flour as well as grains. Online stores with home delivery services are rapidly growing due to the increase in the use of smart phones and internet connectivity.
Asia Pacific Buckwheat Market – By Region:
Asia Pacific is the largest market segment, followed by Europe, as it is the largest producer of buckwheat in the world. China and some Russian states contribute majorly to the world's buckwheat population. Japan and Korea are significant consumers of buckwheat food products.
KEY MARKET PLAYERS:
Key market players of Birkett Mills, Krishna India, Homestead Organics, UA Global Inc, Galinta IR Partneriai, Ningxia Newfield Foods, Sichuan Huantai Industrial, Wels Ltd, Jinan Jinnuoankang Biotech.
Frequently Asked Questions
Buckwheat is commonly used in the Asia Pacific region for making noodles, pancakes, porridge, and baked goods. It is also used as a substitute for rice in some traditional dishes
Yes, buckwheat is naturally gluten-free and can be safely consumed by individuals with gluten intolerance or celiac disease. It is often used as a gluten-free alternative to wheat flour in baking and cooking
Popular buckwheat-based dishes in the Asia Pacific region include soba noodles in Japan, buckwheat pancakes in Korea, and buckwheat porridge in China. These dishes are enjoyed for their unique flavor and nutritional benefits.
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