Asia Pacific Quinoa Market

Asia Pacific Quinoa Market Size (2024 to 2029)

Asia Pacific Quinoa Market is expected to be valued at USD 18.16 billion in 2024, with a CAGR of 15.33 %, and it is expected to reach USD 37.05 billion by 2029.

Quinoa seeds are unquestionably important in the market. The health benefits of quinoa eating are responsible for the market's growth and stability. Quinoa has several health benefits, including a reduction in the risk of cardiovascular disease, type 2 diabetes, blood sugar regulation, cholesterol regulation, and the prevention of allergies. The medical community's efforts to decode the benefits of quinoa eating will usher in a new period of progress for the vendors. Quinoa is high in phosphorus, manganese, copper, magnesium, folate, fibre, zinc, and other nutrients, making it one of the healthiest foods available. Quinoa may be farmed both conventionally and organically. Quinoa is gluten-free, which makes it popular among health-conscious customers, driving up demand in the global market. Quinoa has a variety of uses in the food, pharmaceutical, cosmetics, and medical industries, which is driving up demand.

For quinoa seeds, Asia-Pacific is an import-dependent area, with Japan being the major quinoa seed importer. Quinoa is gluten-free and suitable for those who suffer from digestive problems. As a result, people in developing countries in the region are increasingly adopting it. There are about 3,000 kinds of the item, but only a few have been exploited thus far. The colour, saponin content, and growing climate of quinoa seeds are the most important attributes examined throughout the trading of quinoa seeds.

Quinoa offers several health benefits, including lowering the risk of type 2 diabetes, lowering the risk of cardiovascular disease, lowering cholesterol, regulating blood sugar, lowering the risk of allergies, and so on. Quinoa's popularity is owing to its health benefits, which explains the rapid growth rate.

The changing patterns of food consumption and rising health consciousness in the population are the main drivers of the quinoa market.

The crop has a great nutritional value and various health benefits, making it a necessary crop. Quinoa crop application in the food, cosmetics, and pharmaceutical industries has been innovative. The demand for quinoa seeds has increased on a global scale, owing to technological improvements. Increased research and development spending. Several quinoa seed meals have been perfected by chefs all over the world. Over the projected period, it is expected that overall revenue in the global quinoa market would expand. Quinoa grows best in cooler climates because of the crop's climatic requirements. Vendors in colder regions have an advantage over others, opening a slew of possibilities. As a result, prominent market players are purchasing new areas to expand the global quinoa market. In the coming years, this trend is likely to widen profit margins in the Asia Pacific market.

The APAC quinoa market is constrained by a scarcity of supplies. Because the crop requires specific cultivation conditions for growth, only a few places throughout the world can meet the demand for quinoa. As a result, there was a lot of competition among the major players. Another constraint is the product's price, which rises on a regular basis. Because most of the crop is imported and availability is limited due to high demand, seeds are expensive for poorer countries. As a result, the potential for expansion in these countries is limited.

This Research Report on Asia Pacific Quinoa Market is segmented and sub segmented into following categories

Asia Pacific Quinoa Market By Applications

• Food Industry
• Cosmetic Industry
• Pharmaceutical Industry 

The Asia Pacific quinoa market is bifurcated into three categories based on application: Food Industry, Cosmetic Industry and Pharmaceutical Industry. The food industry is the leading segment. Quinoa is utilised in a wide range of products in the culinary sector. The crop's versatility, as well as the numerous health benefits it provides, make it perfect for a variety of cuisines, including noodles, vegetable soups, and spaghetti. Quinoa has also become popular as a component of breakfast dishes.

Quinoa is used in the beauty industry for skin renewal, black spot reduction, pigmentation reduction, anti-ageing, and dandruff therapy, among other things. Saponins obtained from quinoa, on the other hand, are exploited by pharmaceutical companies because saponins alter the permeability of the intestine, which is necessary for the absorption of certain drugs. It also serves as a fungus-controlling antibiotic.

Asia Pacific Quinoa Market By Source

• Organic
• Inorganic

According to Source, the organic category dominates the market in the Asia Pacific region. The rising demand for organic products is due to growing health concerns among the growing population. The demand for organic products has raised the global quinoa market demand. Techniques to replace inorganic goods with organic ingredients have also been used by the cosmetics industry. As a result, the cosmetic quinoa market is seeing increased demand as well.

Asia Pacific Quinoa Market By End-User

• Ingredient
• Packaged

Based on the end-user category, the quinoa crop has a wide range of end-use uses in the business. Quinoa is mostly utilised as an ingredient to contribute to the health advantages of other foods. Quinoa is utilised in the creation of a variety of products, including ready-to-use soup powders, because of its nutritional content. Quinoa goods that have been packed are likewise available on a variety of platforms.

Asia Pacific Quinoa Market By Region

• India
• Japan
• China
• Australia
• Singapore
• Malaysia
• South Korea
• New Zealand

India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia all make up the quinoa market in the Asia Pacific region. By market share, the Asia Pacific area has the world's second-largest quinoa market. During the forecast period, it is also expected to increase at the fastest rate. The market in this region is projected to be driven by factors such as the health advantages of quinoa and rising consumption.

Over 55,000 farmers in India were encouraged to start growing quinoa in 2018. Rajasthan State Seeds Corporation managed to raise over 20,000 quintals of seed for 2018 after enlisting the help of some farmers to grow quinoa seeds on an experimental basis. The Corporation also intends to deliver the seeds to at least 55,000 farmers for cultivation. Quinoa exports in India have increased dramatically, and they are expected to develop at a CAGR of 7.2 per cent over the forecast period.

In the Asia-Pacific area, Japan is the leading importer of quinoa seeds. Because domestic production is minimal, the country relies heavily on imports to meet the demand for quinoa seeds. Even though imports decreased in 2017, they are progressively increasing. In 2018, the country imported 601 tons of quinoa seeds. For the forecast period of 2022-2027, imports are expected to expand at a CAGR of more than 7%. Peru, Bolivia, and Columbia are the top exporters of quinoa seeds to Japan.

KEY PLAYERS IN ASIA PACIFIC QUINOA MARKET

Key Players In Asia Pacific Quinoa Market are Quinoa Foods Company, Northern Quinoa Production Corporation, Quinoa Corporation, Andean Valley S.A, Keen One Quinoa, The British Quinoa Company, Hain Celestial Group, Andean Naturals Inc.

RECENT HAPPENINGS IN THE MARKET

• With the purchase of Andean Naturals' quinoa company in Yuba City, California, Ardent Mills is growing its speciality grain capacity. Ardent Mills' first gluten-free cleaning and sourcing plant will be in Yuba City, and it will let the company expand into additional grains.
• The King Abdullah University of Science and Technology (KAUST) in Saudi Arabia has conducted technological research that resulted in the development of quinoa seeds that can thrive in temperate climates.