Market Size of South America Quinoa Seeds Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 12.50 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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South America Quinoa Seeds Market Analysis
The value of consumption of quinoa seeds in South America is projected to grow at a CAGR of 12.5% during the forecast period (2020-2025).
- The increase in regional exports of Quinoa due to a change in consumption patterns as consumers are shifting toward healthier and gluten-free diets. However, the downward fall in Quinoa prices globally due to surplus production in the region are some of the factors restraining the market growth for quinoa seeds.
- Peru and Bolivia are expected to dominate the quinoa seed market both in terms of production and export during the forecast period. North America has been the largest importer of Quinoa seeds followed by Europe. France remains to be the leading importer of quinoa seeds in Europe, followed by the Netherlands and Germany.
South America Quinoa Seeds 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 it's color, saponin level, and growth climate are the major properties considered during the trade of quinoa seeds.
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South America Quinoa Seeds Market Size Summary
The South American quinoa seeds industry is experiencing significant growth, driven by a shift in consumer preferences towards healthier and gluten-free diets. This trend has led to an increase in regional exports, with Peru and Bolivia leading the market in both production and export of quinoa seeds. Despite the global surplus production causing a decline in quinoa prices, the demand for quinoa seeds remains robust, particularly in international markets such as North America and Europe. The European Union is a major importer of quinoa, with countries like France, the Netherlands, and Germany being key consumers. The perception of quinoa as a superfood with health benefits has further fueled its popularity, prompting South American countries to enhance their production capabilities using high-quality seeds to meet the growing international demand.
Bolivia plays a crucial role in the South American quinoa industry, with its production distributed across three distinct regions, each serving different market needs. The northern and central Altiplano regions focus on local and domestic consumption, while the southern Altiplano is primarily geared towards exports. The increasing global demand for organic quinoa has also led to a rise in organic production, catering to the preferences of European consumers. As the consumption of quinoa continues to rise worldwide, the demand for quinoa seeds in South America is expected to increase, solidifying the region's position as a leading exporter in the global market.
South America Quinoa Seeds Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain/Supply Chain Analysis
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2. MARKET SEGMENTATION
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2.1 By Country
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2.1.1 Brazil
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2.1.1.1 Production Analysis
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2.1.1.2 Consumption Analysis and Market Value
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2.1.1.3 Import Analysis (Volume and Value)
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2.1.1.4 Export Analysis (Volume and Value)
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2.1.1.5 Price Trend Analysis
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2.1.2 Argentina
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2.1.2.1 Production Analysis
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2.1.2.2 Consumption Analysis and Market Value
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2.1.2.3 Import Analysis (Volume and Value)
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2.1.2.4 Export Analysis (Volume and Value)
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2.1.2.5 Price Trend Analysis
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2.1.3 Peru
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2.1.3.1 Production Analysis
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2.1.3.2 Consumption Analysis and Market Value
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2.1.3.3 Import Analysis (Volume and Value)
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2.1.3.4 Export Analysis (Volume and Value)
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2.1.3.5 Price Trend Analysis
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2.1.4 Bolivia
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2.1.4.1 Production Analysis
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2.1.4.2 Consumption Analysis and Market Value
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2.1.4.3 Import Analysis (Volume and Value)
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2.1.4.4 Export Analysis (Volume and Value)
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2.1.4.5 Price Trend Analysis
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South America Quinoa Seeds Market Size FAQs
What is the current South America Quinoa Seeds Market size?
The South America Quinoa Seeds Market is projected to register a CAGR of 12.5% during the forecast period (2024-2029)
What years does this South America Quinoa Seeds Market cover?
The report covers the South America Quinoa Seeds Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Quinoa Seeds Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.