Europe Quinoa Seed Market Size (2024 - 2029)

Europe Quinoa Seed Market Analysis

The Europe Quinoa Seed Market size is estimated at USD 566.08 billion in 2024, and is expected to reach USD 729.38 billion by 2029, growing at a CAGR of 5.20% during the forecast period (2024-2029).

COVID-19 has affected the Europe quinoa seeds market in three main ways (i.e) by directly affecting production and demand in the domestic as well as international market, by creating supply chain and market disruption, and by its financial impact on firms and financial markets operating in the segment. Changing consumption patterns and increasing health awareness are resulting in higher demand for quinoa seeds. Due to its nutritional value, gluten-free nature, and its potential of being a functional food ingredient, quinoa has captured the attention of consumers around the world. It is predicted that the fall in quinoa prices in the near future may drive market growth by making seeds more affordable to the customers and the processing industry. The popularity of the quinoa crop as an alternative to cereals is increasing in the European region due to its high nutritional value. Quinoa also contains most of the essential amino acids and is free of gluten. Spain and the United Kingdom are two of the largest quinoa-consuming regions in Europe occupying around 22.0% of the European market share, the United Kingdom is one of the major countries in the European market. The substantial increase in production of quinoa, especially in Peru, and the in-house production in Europe have decreased the price of the seeds in the region; however, the lower prices have not benefitted the consumers. The pesticide residues beyond the FDA limit in quinoa seeds are raising concerns in both importing and exporting nations and are negatively affecting the growth of the market studied.

Europe Quinoa Seed Industry Segmentation

Quinoa is a type of cereal crop and is most widely used for its edible seed, which is gluten-free, high in protein, and is a good source of fiber. The commodity has more than 3,000 varieties, but only a few have been commercialized as of now. All the seeds have diverse characteristics, but its color, saponin level, and growth climate are the major properties considered during the trade of quinoa seeds. The Europe Quinoa Seeds Market report offers Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis The market is segmented by Geography into Germany, United Kingdom, France, Spain, and Russia.