Demand for Chia Seed Market is Projected to Accrue worth almost US$ 390 Million at CAGR of 7% by the end of the forecast period 2033 | Future Market Insights, Inc.
Future Market Insights Global and Consulting Pvt. Ltd.
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Future Market Insights Global and Consulting Pvt. Ltd.
The United States is expected to experience a steady increase in the consumption of chia seeds across various industries during the forecast period. According to FMI, the total sales of chia seeds in North America are projected to grow at a compound annual growth rate (CAGR) of 6.70% until 2033. In the United Kingdom, the rising popularity of plant-based, vegan, and keto diets is driving the demand for chia seeds.
NEWARK, Del, June 19, 2023 (GLOBE NEWSWIRE) -- By the end of 2022, the net worth of total chia seeds sold globally was estimated to be US$ 195.3 million. In the current year, 2023, the sales of chia seeds, in terms of value, are expected to be worth around US$ 203 million. FMI further projects the overall chia seed market to record a CAGR of 7% from 2023 to 2033. By experiencing this promising growth, the global chia seed market size is projected to reach a valuation of US$ 390.3 million by 2033.
Growing consumer demand for gluten-free food items and improving recognition of chia seeds for their health advantages are the key reasons propelling sales. Moreover, the increased use of chia seeds as a source of omega-3 in animal feed is also regarded to have boosted the market.
Under their bland flavor, chia seeds may be added to packaged meals and functional foods. Chia seeds' high fiber content makes it possible to use them in bakery goods, energy drinks, dietary supplements, sports drinks, and salty snacks. Furthermore, Chia seeds are often used in packaged ‘superfood’ items because of their high antioxidant and fiber content.
A certain degree of market development restraint may result from the limited availability of suitable environments for plant growth and higher seed output. Against this backdrop, the sales of chia seeds in the United States are anticipated to remain profitable over the assessment period.
Key Takeaways from this Market Report:
The United States held a market share of 27.9% in the year 2022.
Germany is the leading market for chia seeds in Europe and contributed a 7.3% revenue share in 2022.
The demand for chia seeds in the United Kingdom registered a CAGR of 7% during the forecast years.
China and India are poised to witness a growth rate of 6.1% and 8.9% in the production of chia seeds through 2033.
The chia seed plant thrives in the dry, marine-influenced Mediterranean climates, so its market has remained concentrated in some parts of the world. However, the adoption of modern farming methods has now given rise to the possibility of successful farming of chia seeds in other climatic regions. This is anticipated to support the emergence of new players and diversify the market in the coming days.
Recent Developments by a few Chia Seed Supplying Industries:
Mamma Chia declared in April 2022 that its products are keto-friendly. This development included its product line of Chia Energy Beverages and Chia Vitality Beverages, providing only 6 grams of net carbohydrates per serving.
Innovation and the creation of new product supplies are the main techniques used by businesses to maintain their market share. The Chia Co. launched four new types to its Oats+Chia product line last year, including Apple Spice, Blueberry Lemon, Mixed Berry, and Banana Mango. Later, it added three new flavors to its Chia Pods products, such as Strawberry, Dark Cacao, and Coffee Bean.
Key Segmentation:
By Origin:
Organic
Conventional
By Color:
Black
White
Brown
By Form:
Whole Chia Seeds
Grounded Chia Seeds
Chia Seed Oil
Other Chia Seed Forms
By End-use Application:
Food and Beverages Sector
Packed Chia
Nutritional Bars
Bakery and Snacks
Breakfast Cereals
Beverages
Others
Personal Care Products and Cosmetics Sector
Animal Feed and Pet Food Sector
Nutritional and Dietary Supplements Sector
Other End-use Applications
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
The Middle East & Africa (ME&A)
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. Buy Now to gain access to detailed information about each segment @ https://www.futuremarketinsights.com/checkout/4439
Table of Content (ToC):
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
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