Market Trends of South America Quinoa Seeds Industry
This section covers the major market trends shaping the South America Quinoa Seeds Market according to our research experts:
High Regional Exports to European Countries
South America is one of the largest exporters of Quinoa in the world. About 80-90% of Quinoa imported into the European Union comes from Peru and Bolivia. The main consuming markets for South American Quinoa include Italy, France, Germany, and the Netherlands with each consuming on an average between 2000-6000 tons of quinoa per year. Quinoa has received attention as a healthy Superfood over the last few years. The rise in imports from the region is primarily attributed to consumer perception of its health, nutritious properties. In order to meet this demand from international markets, countries such as Peru and Bolivia has ramped up its production by using high-quality seeds. With the rise in consumption for quinoa across the world, the demand for quinoa seeds is expected to increase over the next few years.
Bolivia is Dominating the Market
Bolivia is one of the major producers of quinoa in South America. In 2018, the total production of quinoa in the country is reported to be 65.5 thousand tons as compared to its production of 70.7 thousand tons in 2017. Bolivia has three distinct regions where quinoa is produced with different motives, in Northern Altiplano, quinoa is produced for local consumption and for ensuring domestic food security and the production is intended for the market in Desaguadero; in central Altiplano, quinoa production is higher than in the northern region and it is also intended for domestic consumption; in southern Altiplano, most of the production is intended for exports. In recent years, there is an increase in the production of organic quinoa, as the demand for organic produce is high in the European countries.
