What is Chia Seed Ingredient Market?
Chia seeds ingredients are a good source of omega-3 fatty acids, fiber, antioxidants, and several macronutrients. Its beneficial antioxidant content reduces the risk of developing heart disease. Further, higher fiber lowers high blood pressure which eventually reduced the risk of cardiovascular diseases. Hence the demand for chai oil in wellness products has increased. Its additives properties are essential for using it in bakery products. Hence, rising demand from the end-use industry has created growth opportunities for the Chia Seed Ingredients market. South America is known as a production hub for chia seeds ingredients. Geographically, the South American region is expected to grow in a profitable manner followed by Europe and North America.
Highlights from Chia Seed Ingredient Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Glanbia plc (Ireland), Mdeca Group SRL (Argentina), Bioriginal Food & Science Corp (Canada), Namaskar Sac (Peru), Naturkost Übelhör GmbH & Co.( Germany), Chiatrition Chia seed (Australia), Nectar Fresh (India), Agropecuaria Chia Corp Bolivia SA. (Bolivia), World of Chia (United States), Hain Celestial (United States), Grain Millers, Inc. (United States), Navitas Organics (United States), Benexia (United States), Chia Bia (Ireland), Bob’s Red Mill Natural Foods (United States) and Taiyo GmbH (Germany) |
The market of Chia Seed Ingredients is expected to grow with rising demand from end-use industries. Several companies are operating in the market to provide Chia Seed Ingredients with a number of health benefits. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio.
Glanbia plc (Ireland), Mdeca Group SRL (Argentina), Bioriginal Food & Science Corp (Canada), Namaskar Sac (Peru), Naturkost Übelhör GmbH & Co.( Germany), Chiatrition Chia seed (Australia), Nectar Fresh (India), Agropecuaria Chia Corp Bolivia SA. (Bolivia), World of Chia (United States), Hain Celestial (United States), Grain Millers, Inc. (United States), Navitas Organics (United States), Benexia (United States), Chia Bia (Ireland), Bob’s Red Mill Natural Foods (United States) and Taiyo GmbH (Germany) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Mamma Chia (United States), The Chia Co (Australia) and Garden of life organic Chia Seed (United States). Chia Seed Ingredient Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Food and Beverages {Bakery & Confectionery, Snacks, Others}, Personal Care Products, Nutritional Supplements, Animal Feed and Pet Food and Others |
Type | Whole and Ground |
Nature | Organic,Conventional |
Sales Channel | Online {E-commerce Platform, Company Website},Offline {Supermarket/Hypermarket, Convenience Stores, Specialty Stores} |
Colour | White,Black,Brown |
On the basis of geography, the market of Chia Seed Ingredient has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Preference for Seeds as RTE Snacks
Market Growth Drivers:
Rising Expenditure Food & Beverage Industrial Expenditure and Growing demand for Chia Seeds Ingredients for Medicinal Purposes
Challenges:
Fluctuation in Pricing & Availability of Raw Material
Restraints:
Adverse Effects on Health like Skin Allergy owing to Overconsumption
Opportunities:
Growing Preference for Chia Seeds Ingredients as Superfoods and Increasing Consumption of Natural Ingredients based Wellness Products & Nutraceuticals
Key Target Audience
Chia Seed Ingredients Manufacturers, Chia Seed Ingredients Suppliers/Distributors, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
Market Leaders & Development Strategies
In 2017, Glanbia acquired Amazing Grass, a brand specializing in organic greens and plant-based nutritional products. This acquisition aligned with Glanbia's focus on providing natural and sustainable nutritional solutions.
In 2020, Barentz International expanded in North America by acquiring Maroon Group. Maroon Group is a specialty chemicals supplier for the food and beverage, personal care, cosmetic, pharmaceutical, and household/industrial industries. The company has acquired a portfolio of chia seeds, palm oil, sea salt, plant proteins, quinoa, soybean oil, and tapioca syrup. With this acquisition, the company has expanded its existing portfolio.