Chia seeds belong to the mint family known as Salvia hispanica native to southern and Central Mexico and Guatemala. They are available naturally in black and white color. Chia seeds are often referred to super food which means they contains relatively greater nutrients content when compared to other foods. Chia seeds have around 140 calories per two tablespoons. They also contains healthy dose of omega-3 fatty acids, protein and fiber. Chia seeds also posses all nine essential amino acids. Chia seeds don’t need to be ground before eating to get the nutritional benefits - consuming them whole will have the same effect.
Chia seeds are gaining popularity owing to its gluten free nature and nutritional and health related properties. It is used as a food supplement. However, fluctuation in the prices is the major factor inhibiting the market growth. Furthermore, increasing application scope of chia seeds and rising awareness about the health benefits associated with chia seeds in Asia Pacific and European regions offers huge untapped market potential.
Due to health benefits associated with chia seeds they are widely used in food and beverages industries and their demand from these industries is projected to remain strong over the next six years. In 2020, both these industries together accounted for more than half of the market pie. In these industries chia seeds are getting promoted as supplement in bakery, cereals, beverages, and peanut butter and as packed superfood. Nowadays, chia seeds have been also utilized by various other industries such as animal feed, cosmetics and pet food.
South America supplies more than 75% of chia seeds globally. North America is the largest market followed by Asia Pacific. However, Asia Pacific is projected to witness the fastest growth due to consumer inclination towards the super foods. By country, the demand for chia seeds is highest from U.S. and Australia. Chia seeds are becoming increasingly popular in Europe and Middle East regions owing to their health related properties.
The report titled “Global Chia Seeds Market - Growth, Future Prospects, Competitive Analysis and Forecast, 2021 – 2029” offers strategic insights into the global chia seeds market along with the market size and estimates for the duration 2018 to 2029. The said research study covers in-depth analysis of multiple market segments based on, application type and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2020 & 2029. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.
In order to help the strategic decision makers, the report also includes profiles of the leading chia seeds manufacturers, along with their, product portfolio and key developments. The major players profiled in the report are Benexia, Glanbia Nutritionals, Naturya, Naturkost Übelhör and Spectrum Essentials Chia Seeds among others. Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the global chia seeds market, offering market size and estimates for the period from 2021 to 2029, keeping in mind the above mentioned factors.
Chia seeds can be consumed in various ways. It can be consumed directly as ground seed, whole seeds, bran and oil or used in commercial food applications. At present, demand for chia seeds is highest from food application. This segment accounted for 39.1% share of the market in terms of demand in 2020 and projected to maintain its supremacy during the forecast period of 2021 to 2029. It is also projected to be the fastest growing segment. Increasing awareness regarding health benefits of chia seeds is the major factor driving the market growth.
Chia seeds are very rich in omega-3 fatty acids, protein, anti-oxidants, minerals and fiber therefore; it also finds its application in cosmetics and skin care products. When applied on the skin, it posses the power to diminish redness, restore the normal moisture and inhibit wrinkle formation. It also helps to stimulate healthy hair growth.
Chia seeds are also used in animal feed industry to enrich poultry, milk, eggs and pork with omega – 3s. To enhance the nutritional content it is also use in pet food industry.
In 2020, North America was the leading market followed by Asia Pacific. Both these regions together accounted for more than 50% share of the market in terms of value and volume. However, growth is projected to be fastest from the Asia Pacific regions during the forecast period 2021 to 2029. The high growth in these regions is attributed to a large consumer base and increasing consumer awareness about the health benefits associated with chia seeds. Moreover, launches of new products in food and beverages segment using chia seeds are stimulating the market growth.
The market for chia seeds in Europe and Middle East is gaining momentum owing to its health related and nutritional properties. They are widely used as food supplements and as bakery ingredients. The market for chia seeds in Europe is projected to grow at a moderate rate during the forecast period. Chia seeds are the traditional food of Latin America and accounts for more than 75% share of the global supply. Argentina, Peru, Ecuador and Bolivia are the major chia seeds producing countries.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Chia Seeds market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
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Application
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
