Quinoa Flour Market Size, Share, Growth, And Industry Analysis By Type (White, Black, And Red) By Application (Supermarkets and Hypermarkets, Convenience Store, E-Commerce, And Others) Regional Forecast To 2031

Updated On: 08 April 2024

QUINOA FLOUR MARKET REPORT OVERVIEW 

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global quinoa flour market size was USD 258.14 million in 2021 and market is projected to touch USD 550 Million By 2031, exhibiting a CAGR of 7.87% during the forecast period.

Quinoa flour is a gluten-free flour that offers several health advantages for people. It is created from quinoa flakes or quinoa seeds that have been dried. One of the ancient grains consumed by Native Americans, quinoa is a native of the South American continent. The globe praises quinoa flour as a superfood and occasionally refers to it as a mother grain due to its nutrient-dense. Quinoa has a lot of protein, contributing to its high protein content and myriad health advantages. Since quinoa is an antioxidant to shield your immune system from being attacked by free radicals, it is frequently included in dishes to make them healthier. The B complex vitamins, iron, magnesium, calcium, and potassium found in quinoa flour are vital for human health. Quinoa flour is also a good source of these nutrients.

Due in large part to the fact that quinoa is a superfood with numerous health advantages, including lowering the risk of developing chronic diseases, balancing blood sugar levels, assisting with weight loss, and enhancing intestinal health, the market for quinoa flour is expanding rapidly. It is frequently used as a substitute for other known flour such as wheat flour, rice flour, and corn flour since it is gluten-free. Globalization and the rise in popularity of quinoa flour it brought about are other elements contributing to the consistent growth of the quinoa-flour market. The market is rising since crops are yielding enormous amounts as well.

COVID-19 Impact: Halt In Production Causes Market Slump

Due to the worldwide supply chain interruption caused by the pandemic's negative consequences, numerous markets suffered losses. As countries all over the world forced a shutdown of their overseas operations, the market suffered a massive decline in profits. Since there were not enough raw materials or workers ready to work in close quarters with other workers, the industries were forced to stop or reduce their production as a direct result. Similar to the market for quinoa flour, which experienced a decline in revenue despite high product demand, the pandemic had a negative impact on the market's ability to thrive. There weren't enough resources available to allow for large-scale production of the flour. Due to quinoa's health advantages, the quinoa flour market growth is expected to develop quickly in the years following the pandemic.

Latest Trends

"A large Population Of Vegan Consumers Could Augment Market Advancement "

The rise of the market for quinoa-flour is mostly due to the increasing number of vegan consumers. Quinoa is being used in place of meat by vegan consumers due to its high protein and nutritional content. Since veganism is centered on eating a plant-based diet, and quinoa is essentially derived from a plant, consumers who practice veganism are consuming the product at a high rate, significantly boosting the quinoa flour market growth.

QUINOA FLOUR MARKET SEGMENTATION 

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• By Type Analysis

According to type, the market can be segmented into white, black and red. White quinoa flour segment is anticipated to lead the market by type during forecasted market years of 2023-2031.

• By Application Analysis

Based on application, the market can be divided into supermarkets and hypermarkets, convenience store, e-commerce, and others. Among these supermarkets and hypermarkets segment is predicted to pioneer the market by application during the forecast years.

Driving Factors

"Increasing Inclination Towards Healthy Eating Drives Market Growth"

The market is expanding in the direction of success since a sizable portion of the customer population prioritizes the value of a balanced diet. The quinoa-flour market is expanding quickly, particularly among consumers who are health concerned, such as those who are working out to increase muscle and those who are attempting to lose weight. Although quinoa is technically a pseudocereal rather than a grain, it still counts in diets as a complete protein due to its high protein content. It is also high in fiber, which is beneficial for gut health, and it is gluten-free, which worries many people.

"Increasing Crop Yields Proliferates Market Expansion"

Many nations have started growing quinoa in the last few years to meet the demands of vegans and those who are very health concerned. Now that the market for quinoa flour has gained enormous popularity, it is being grown in several nations for commercial use as well since quinoa is recognized to be adaptable in practically every environment. Quinoa research and development projects undertaken by the government also assist in the market's growth.

Restraining Factors

"Inflated Cost Of Product Reduce Market Value "

The market for quinoa flour is being hampered by the high population's inability to afford it. Since quinoa flour is more widely used and is farmed with extreme care and attention, the price increases, making it less affordable for many people. Due to the cost of the quinoa seeds relative to other flour grains, the market price for quinoa flour is likewise high. In the projection years for the quinoa-flour market, it is anticipated that this issue will still operate as a market limitation.

QUINOA FLOUR MARKET REGIONAL INSIGHTS 

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"North America Leads Market Due To Consumer Awareness "

The North American region holds the most quinoa flour market share. Customers in this region have become aware of the health advantages offered by quinoa and quinoa flour, which is why the region has had success in the quinoa-flour market. The market is expanding quickly due to the large percentage of obese and unhealthy people in the area.

The majority of market shares for quinoa flour are held by Europe, which is only distantly behind the North American region. For comparable reasons to North America, European quinoa flour sales are surging. The health advantages of foods free of gluten, such as quinoa, are quickly becoming known throughout Europe. The production of quinoa seeds in Europe, which has been pushing the market in the region due to lower prices, is another factor contributing to the region's growth.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• NorQuin (Canada)
• King Arthur Flour Company (U.S.)
• Andean Valley Corporation (Bolivia)
• Quinoa Foods Company (Bolivia)
• Nutriwish (India)
• Bob's Red Mill Natural Foods (U.S.)
• Dutch Quinoa Group (Netherland)
• The British Quinoa Company (United Kingdom)
• Andean Naturals (U.S.)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors such as segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.