The global chia seed market expected to reach USD 1.5 billion by 2021 from USD XX million in 2015, registering a CAGR of 40.62% during the forecasted period from 2016 to 2021. Chia seeds are grain seeds with various nutritional properties like high omega-3content, high fiber content, rich in proteins, good source of minerals and gluten free. Currently due to high demand and relative low supply of chia seeds, value of chia and chia containing products are much higher as compared to canola, soy and flex.
Now a days chia seeds has been utilized by various industries including functional food, animal feed and cosmetics, however food is the most dominating industry by consumption. In food and beverage industry chia seeds are getting promoted as packed superfood and as supplement in bakery, cereals, muesli bars, peanut butter and beverages.
The major factors driving the industry includes growing demand of cereals, snacks and beverages, increasing demand of healthy food ingredients, gluten free nature, easy transportation and long shelf life. Chia seeds have advantages over competitive products like flax seeds, as chia seeds need not to be grounded and there is no issue of rancidity as in case of flax. Chia seeds have nearly same omega-3 content as flax seeds and it is predicated that chia seeds will be going to replace the flax seed market in the coming decade. However, high price fluctuation is the only restraint for the growth of the market. Market’s high demand to the supply ratio is making the market more lucrative for investors and creating opportunities for growth of the market. Looking at the growing popularity of superfoods over the past decade, market seems to hold unlimited potential for growth.
Organic chia seeds segment has been identified as an interesting segment by the importers due to ever emerging demand of organic products in the market. Currently, organic chia seeds occupies the XX% of the market share. The market has been geographically segmented into North America, Europe, Asia-Pacific, South America and Africa. Globally, 80% of chia supply is coming from South America, however, US and Australia are the market leaders and have highest chia seeds demand. Asia Pacific is expected to witness the fastest growth due to large consumer base and consumer inclination towards the superfoods. North America witnessed the largest food and beverage launches with chia ingredients in 2014, followed by Asia Pacific and Europe. In the coming years, demand of chia based products will be going to increase in UK, Brazil, Chile, Spain and India.
The major companies dominating the market includes Chiatrition Chia Seeds (Australia), Glanbia Nutritionals (US), Original Chia (Denmark), Naturkost ?belh?r (Germany/Mexico), Benexia (Chile), Naturya, US Chia.
Key Deliverables in the Study
Market analysis for the global chia seeds market, with region specific assessments and competition analysis.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market.
Extensively researched competitive landscape section with profiles of major companies along with their market shares.
Identification and analysis of the macro and micro factors that affect the global chia seed market.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions in which this industry is blooming and identification of the regions that are still untapped.