Global Quinoa Seeds Market Size & Outlook, 2023-2030
Global quinoa seeds market, 2017-2030 (US$M)
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Global quinoa seeds market highlights
- The global quinoa seeds market generated a revenue of USD 381.4 million in 2023 and is expected to reach USD 389.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 0.3% by 2030.
- In terms of segment, direct whole seed consumption accounted for a revenue of USD 263.3 million in 2023.
- Direct Whole Seed Consumption is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 381.4 million |
| Market revenue in 2030 | USD 389.2 million |
| Growth rate | 0.3% (CAGR from 2023 to 2030) |
| Largest segment | Direct whole seed consumption |
| Fastest growing segment | Direct Whole Seed Consumption |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Direct Whole Seed Consumption, Processing |
Other key industry trends
- In terms of revenue, the North America accounted for 28.7% of the global quinoa seeds market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, China is the fastest growing regional market and is projected to reach USD 7.6 million by 2030.
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Quinoa Seeds Market Scope
Quinoa Seeds Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global quinoa seeds market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to quinoa seeds market will help companies and investors design strategic landscapes.
Direct whole seed consumption was the largest segment with a revenue share of 69.04% in 2023. Horizon Databook has segmented the Global quinoa seeds market based on direct whole seed consumption, processing covering the revenue growth of each sub-segment from 2017 to 2030.
The global vegan food market size was valued at USD 16.55 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 10.7% from 2023 to 2030. Increasing awareness about the benefits of following a vegan diet is the key factor driving the growth. Rising concern about animal health and animal cruelty has been encouraging people to shift from animal-based to plant-based meals.
Thus, the shift in preference of consumers is leading to an upsurge in consumption of vegan food. For instance, Grubhub, one of the major online food delivery apps accounted for the upsurge of 17% in overall vegan food deliveries in 2021. The COVID-19 pandemic took a toll on various industries including the food industry.
Numerous significant shifts were experienced by the food industry due to shutdowns across the globe such as disruption of food supply chains, product distribution channels, and others. The production of vegan food is comparatively high in price compared to animal-based food owing to the high cost of plant-based ingredients used for the production. This factor is expected to restrain the adoption of vegan edible products in low and middle-income countries.
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Target buyers of Global quinoa seeds market databook
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Our clientele includes a mix of quinoa seeds market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global quinoa seeds market , including forecasts for subscribers. This global databook contains high-level insights into Global quinoa seeds market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global quinoa seeds market size, by regions, 2017-2030 (US$M)
Top 10 countries: Quinoa seeds market size, 2023 (US$M)
Global quinoa seeds market share, by application, 2023 & 2030 (%, US$M)
Quinoa seeds market: Opportunity assessment by country
Global quinoa seeds market, by region, 2023 (US$M)
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