DUBAI, UAE, Dec. 16, 2021 /PRNewswire/ — As per a latest survey by FMI, the international chia seed market is projected to complete US$ 194.1 Mn in 2021. Rising consciousness relating to advantages of chia seeds and rising availability in supermarkets and comfort shops is paving the best way for development out there.
Chia seeds are loaded with omega-3 fatty acids, antioxidants, polyphenols, minerals, and fiber. As consumption of those seeds improves coronary heart well being, manages blood sugar ranges, and helps bone well being, they’re more and more being consumed in fruit bowls, frozen yogurt, salads, and breakfast cereal amongst others as superfoods.
Therefore, rising demand for superfoods to fulfill the dietary necessities of shoppers is estimated to speed up the gross sales within the coming years. In response to this, the chia seeds market is poised to develop at a CAGR of 6.8% in the course of the forecast interval 2021-2031.
With rising pattern of veganism and rising emphasis on well being way of life, people internationally are extensively on the lookout for meals merchandise with pure elements which are loaded with vitamins corresponding to chia seeds, which is in flip, estimated to drive the market.
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As well as, rising purposes of chia seeds as a practical ingredient throughout the non-public care sector, owing to its advantages corresponding to repairing the pores and skin barrier and improved pores and skin texture is predicted to drive the gross sales.
Towards this backdrop, gross sales within the international chia seeds market are anticipated to register development at 5.5% year-over-year development in 2021.
On the premise of purposes, the non-public care & cosmetics business is estimated to account for a big share out there between 2021 and 2031. Rising use of chia seeds within the manufacturing of lotions, serums, and lotions is favoring the expansion within the section.
“Key gamers are emphasizing on launching novel variants of chia seeds corresponding to chia oils, milk, gels to fulfill the surging demand for pure elements throughout dietary & dietary sector. That is anticipated to speed up the expansion out there,” says a FMI analyst.
Key Takeaways from Chia Seed Market Examine
- North America market is forecast to develop at a CAGR of 6.7% via 2031, owing to rising demand for superfoods within the U.S.
- Gross sales of chia seeds in Europe are estimated to rise at 6.10% CAGR pushed by rising software throughout the meals & drinks business in Germany and the U.Ok.
- China is anticipated to account for the biggest share within the East Asia market, pushed by the surging demand for natural and pure elements throughout packaged meals sector.
- India is forecast to emerge as a extremely enticing market in South Asia, owing to the rising consciousness relating to the advantages of chia seeds among the many inhabitants.
- When it comes to coloration, the black chia seeds section is projected to carry the utmost share, on the again of accelerating use in a wide range of dishes starting from desserts to bread.
- Rising use of chia seeds within the manufacturing of vitamin bars, vitality drinks, and different dietary dietary supplements is propelling the demand throughout the dietary and dietary sector.
- Surging purposes of entire chia seeds as a thickening agent in cake batters and smoothies is fueling the gross sales throughout the entire section.
- Excessive value of natural chia seeds in comparison with standard ones is hampering the gross sales throughout the natural section.
- Antagonistic results related to the consumption of chia seeds corresponding to diarrhea, vomiting, hypertension, and hives are hindering the demand out there.
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As per FMI, prime 5 firms within the international chia seed market are anticipated to account for round 40% to 60% of the whole gross sales in 2021.
Main firms are aiming at launching novel merchandise and variants to develop its product portfolio. A number of the gamers are specializing in participating in strategic collaborations, agreements, merger, and acquisition to extend their manufacturing capability. As an illustration,
- In February 2020, Mamma Chia, a number one meals elements provider, introduced increasing its plant-based milk portfolio by launching Mamma Chia Natural Chiamilk. It’s a dairy-free beverage that accommodates omega-3 fatty acids, extra calcium, and nil sugar than a glass of milk. The Chiamilk is obtainable in unsweetened vanilla and authentic variants, containing 60-70 energy per serving.
- In September 2019, Nutiva, a U.S.-based firm, introduced launching a brand new glyphosate residue free product line of Natural Chia Seeds. It’s licensed by The Detox Venture and thought of a possible human carcinogen by the Worldwide Company for Analysis on Most cancers (IARC).
A number of the key gamers working out there profiled by FMI are:
- Sesajal SA De CV
- Bioglan (PHARM-A-CARE Laboratories Pty. Ltd.)
- Nutiva Inc
- Navitas Naturals
- Spectrum Naturals (Hain Celestial Group)
- Benexia (Useful Merchandise Buying and selling S A.)
- Chia Bia Slovakia, s.r.o.
- The Chia Co.
- Vega Produce LLC.
- CHOSEN FOODS INC
- Mamma Chia
- Now Well being Group, Inc.
- Naturkost Übelhör GmbH & Co. KG
- AgroBolivia (Negocios Europa Ltd.)
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Extra Invaluable Insights on Chia Seed Market
The newest report by FMI gives an in depth evaluation of the worldwide chia seed market, offering credible insights into key issue driving the market via 2021 and past. The examine additionally disclosed development projections on in chia seed market with detailed segmentation:
By Finish-Use Software:
- Meals and Drinks
- Packed Chia
- Dietary Bars
- Bakery and Snacks
- Breakfast Cereals
- Private Care Merchandise and Cosmetics
- Animal Feed and Pet Meals
- Dietary and Dietary Dietary supplements
- North America
- Latin America
- East Asia
- South Asia
- Center East & Africa
Key Questions Coated within the Report
- The report affords perception into chia seed market demand outlook for the forecast interval 2021-2031
- The market examine additionally highlights projected gross sales development for chia seed market between 2021 and 2031
- Chia seed market survey identifies key development drivers, restraints, and different forces impacting prevailing tendencies and analysis of present market dimension and forecast and technological developments throughout the business
- Chia seed market share evaluation, protecting key firms throughout the business and protection of methods corresponding to mergers & acquisitions, joint ventures, collaborations or partnerships, and others
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