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Chia Seeds Market is estimated to grow at a CAGR of 5.8% by Forecast to 2023

Chia Seeds Market is estimated to grow at a CAGR of 5.8% by Forecast to 2023

“Market Research Future published a Half Cooked Research Report on the Global Chia Seeds Market, which is estimated to grow at a CAGR 5.8% during the forecast period 2017-2023”
Global Chia Seeds Market Information: by Product Type (Black Chia Seeds, White Chia Seeds), Form (Whole), Application (Food & Beverages), Distribution Channel and Region – Forecast to 2023

Market Overview:

Chia seeds are obtained from a species of flowering plant called Salvia hispanica which belong to Lamiaceae or mint family. Chia seeds have gained their popularity based on their nutritional value and diverse application across various industries. Chia seeds contain nutritional supplements like Omega3 fatty acids, good quality proteins and fibre. Owing to the benefits obtained from chia seeds, the product have gained popularity on a global level as a superfood. Demand of chia seeds is found to be escalating among health conscious consumers, due to on its cholesterol lowering properties. Chia seeds are now widely used in functional food and beverages to enhance the overall nutritive value of the product. Overall, rising health awareness among the present population is supporting the growth of chia seed in the global market.

Increasing health concerns and high demand of protein and fiber rich food products from consumers’ end have a significant impact on this market. Manufacturer’s highly focus on the product innovations which has resulted in fortification and value added product offerings. Technological strides and a keen focus on R & D has supported in fueling up the market share of chia seeds in the global scenario. Players emphasize on manufacturing natural and organic chia seeds to suffice the growing demand of consumers. This has further led to increased sale of the product. Increasing population of women adopting a healthy lifestyle and traditional food consumption pattern have increased the sale of chia seeds globally.

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Competitive Analysis

The major key players in the Chia Seeds Market are

  • ChiaCorp (U.S.)
  • Bob’s Red Mill (U.S.)
  • Glanbia plc (Ireland)
  • Benexia Europa S.A. (Belgium)
  • Chia Bia Slovakia s.r.o. (Slovakia)
  • Naturkost Übelhör (Germany)
  • The Chia Company (Australia)

Chia seeds manufacturers across various regions are following the strategy of geographical expansion to penetrate the global market and to meet the growing demand for chia seeds. Furthermore, the key players are found to be investing highly in R & D sector to improve their existing products line and to enhance the quality of the product. This is one of the major factors that propel the demand for chia seeds as a potential nutraceutical product. In the North America, the U.S. is amongst the dominating countries holding a major share in chia seeds market and export of the product to various other countries, which include the Canada, the U.K., the Netherlands, Australia, Germany and others.

Regional Analysis

Global Chia Seeds Market is segmented into Europe, North America, Asia Pacific, and rest of the world (RoW). North America holds a major market share followed by Asia Pacific. High demand for chia seeds owing to increasing disposable income from the developed countries of these regions is contributing to the positive growth of the chia seeds market. Germany, the U.S., the Netherlands, the U.K. and China are the major importers of chia seeds. Economic growth and developed trading channels are also driving the growth of chia seeds market in these countries.

Table of Content

1. Executive Summary

2. Market Introduction

3. Research Methodology

4. Market Dynamics

5. Premium Insights

6. Market Trends

Continued….

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List of Tables

Table 1 Pestle Analysis – U.S.

Table 2 Pestle Analysis- GERMANY

Table 3 Pestle Analysis- CHINA

Table 4 Pestle Analysis- U.K.

Table 5 Pestle Analysis- Japan

Table 6 Key Suppliers of Chia Seeds

Continued….

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