Market Research Future (MRFR) has published a cooked research report on the “Global Chia Seeds Market” that contains information from 2018 to 2030. The Chia Seeds market is estimated to register a CAGR of 8.86% during the forecast period of 2023 to 2030.
MRFR recognizes the following companies as the key players in the global Chia Seeds market— Benexia Europa SA (Belgium), The Chia Co. (US), Chia Bia Slovakia s.r.o. (Slovakia), Naturkost Übelhoer GmbH & Co. (Germany), ChiaCorp (US), Bob's Red Mill (US), Glanbia plc (Ireland), Navitas Organics (US), Spectrum Organics Products LLC (US), Garden of Life (US), Mamma Chia LLC (US), Mother India Organics and Naturals Pvt. Ltd. (India), and Organic India (India).
Chia Seeds Market Highlights
The global Chia Seeds market is accounted to register a CAGR of 8.86% during the forecast period and is estimated to reach USD 0.54 billion by 2030.
The chia seeds market involves the trade of nutrient-rich seeds sourced from the chia plant (Salvia hispanica). These seeds are known for their high content of omega-3 fatty acids, fiber, and antioxidants, contributing to their popularity as a health-conscious dietary supplement and ingredient in various foods and beverages. The market offers chia seeds in various forms, catering to diverse consumer preferences and culinary applications.
Segment Analysis
The global Chia Seeds market has been segmented based on Type, Form and Application.
On the basis of Type, the market is segmented into organic and conventional. In terms of market revenue for chia seeds in 2022, the organic category controlled the bulk of the market. This is because they have a higher nutritious value, and producers of dietary supplements and nutritional supplements are demanding more organic chia seeds.
Based on Form, the global Chia Seeds market has been segmented into whole, powdered, and oil. In 2022, the entire segment dominated the market, and it is anticipated that over the forecast period of 2022–2030, it will grow more quickly than any other segment. This is a result of the industry's widespread availability and great demand, and it may be added to a variety of foods and beverages.
Based on Application, the global Chia Seeds market has been segmented into food & beverages, pharmaceuticals & nutraceuticals, personal care & cosmetics, and others. Due to the product's high nutritional value and rising demand in the food and beverage sector, the food and beverage segment dominated the market in 2022 and is anticipated to grow at the fastest rate during the forecast period, 2022–2030.
Regional Analysis
The global Chia Seeds market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Chia Seeds market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Chia Seeds market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Chia Seeds market comprises of Middle East, Africa, and Latin America.
The North America Chia Seeds Market dominated this market in 2022 USD 0.14 billion in 2022 and is anticipated to expand at a notable CAGR throughout the research period. This is due to the region's moving from junk food to nutritious snacks, community lifestyle, growing demand for vegan food, and increased health awareness. To avoid heart disease, the American Heart Association advises incorporating foods and oils high in omega-3 fatty acids in daily diets.
Additionally, due to high product consumption, the European chia seed market has the second-largest market share. To enhance their market shares, chia seed retailers are aggressively developing educational marketing campaigns that include in-store demonstrations across the nation, significant investments in point-of-sale displays, and giving customers certificates of analysis for each batch of chia. Additionally, the UK chia seed market was the one in Europe with the quickest rate of growth, while the Germany chia seed market had the largest market share.
Moreover, from 2022 to 2030, the Asia-Pacific Chia Seeds Market is anticipated to experience the quickest CAGR growth. This is a result of rising product consumption in nations like Japan, China, and India. Rising rates of lifestyle illnesses including diabetes, high blood pressure, and asthma have increased consumer demand for healthy snacks, which will further boost regional market expansion. Additionally, the Asia-Pacific region's fastest-growing market for chia seeds was in India, which also had the greatest market share.
Key Findings of the Study
- The global Chia Seeds market is expected to reach USD 0.54 billion by 2030, at a CAGR of 8.86% during the forecast period.
- The North America Chia Seeds Market dominated this market in 2022 USD 0.14 billion in 2022 and is anticipated to expand at a notable CAGR throughout the research period.
- Based on Form, In 2022, the entire segment dominated the market, and it is anticipated that over the forecast period of 2022–2030.
Benexia Europa SA (Belgium), The Chia Co. (US), Chia Bia Slovakia s.r.o. (Slovakia), Naturkost Übelhoer GmbH & Co. (Germany), ChiaCorp (US), Bob's Red Mill (US), Glanbia plc (Ireland), Navitas Organics (US), Spectrum Organics Products LLC (US), Garden of Life (US), Mamma Chia LLC (US), Mother India Organics and Naturals Pvt. Ltd. (India), and Organic India (India).
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Companies Covered | 15 |
Pages | 110 |
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