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Chia Seed Ingredient Market Segmented By Conventional and Organic Nature in Black, White and Brown Color in Business to Business, Business to Consumers Distribution Channel
According to the research done by Persistence Market Research, because of geographical restrain, the chia seed market growth will be limited to some extent in the future and will experience a decent enough CAGR.
Chia seed is an ancient food ingredient that attained popularity as a superfood in the last decade. Chia seed is an edible seed, a nutritional powerhouse enriched with fibers, vitamins, omega-3 fatty acids, and various other minerals.
Due to these various health benefits and increasing popularity, its demand in the food industry has increased significantly. Chia seed is derived from the plant named ‘Salvia Hispanica’ which native to the Mediterranean climate and hence mostly found and grown in countries of Central America
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Chia seed has gained attention as it’s a great source of omega-3 fatty acids and dietary fibers. The presence of various health benefits elements and especially dietary fibers has led to the demand for chia food among the millennials and generation Z health-conscious consumers. Various ongoing research works have also proved the benefits of chia seed on cardiovascular health.
Also, consumption of Chia seed on regular basis helps in weight loss. Thus manufacturers are targeting the health conscious consumers to increase the product sales. Chia seed contains a high amount of protein and these proteins contain weight loss-friendly macronutrients and also reduces appetite and cravings.
Chia seed is beneficial to all age groups and the key players of the market are using chia seed as an ingredient in their various products to increase the sale.
This rising awareness and various health benefits of chia seed have helped in gaining the demand for this food. Many key players of the market are involved in making chia seed ingredient-based products solely because the combination of different superfood ingredient-based product would be in more demand than the only one superfood-based product.
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Get a Customized VersionThe pandemic has disrupted the supply chain of almost most of the market globally. Only the essential food products were in command during the pandemic. The chia seed-based products manufacturing companies had faced a lot of difficulties like limited availability of raw materials, less workforce, and sudden decrease in demand lead them a loss.
A lot of small-scale manufacturers have been shut due to the losses. Since a few manufacturers were able to provide chia seed-based products, the price of all the market cycle increased resulting in an increase in the overall price of the product. The chia seed ingredient-based products market faced a heavy loss overall in the pandemic and is expected to slowly rise back in the market in the coming time.
North America is the one of the biggest market for chia seed ingredients. As major share of chia seed production is done in Latin America, countries like US and Canada have major geographical advantage as a good resource market is readily available. The due presence of key manufacturers and user of this is also present in high numbers.
North America is the epicentre of chia seed ingredient market. Chia seed ingredients comes in organic form, is non-GMO, is gluten-free, and has other benefits, it can attract a lot of health-conscious consumers. Also the consumption and acceptability rate of chia seed based products is also rising quite high.
The key players of this region have been trying to gain control over all the supply chain management as well. As the production of chia seed is limited and demand has been growing, control over the overall supply chain management becomes crucial.
Most of the key players have been trying to gain control over these elements to increase their sales and market share in the chia seed ingredient-based products to market. Keeping account of all these factors lead us to say that US and Canada is expected to record a substantial CAGR.
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Europe has been the biggest consumer and producer of chia seed ingredient-based products globally. Specifically, Germany is the biggest consumer of chia seed based products owing to to the health benefitting properties. The use of chia seed in the food industry favors the German food market.
Chia seed ingredient is in demand in Europe and the need favors the market also but the growth has been stagnant because of the limited use of chia seed. The limited use of chia seed is restricted by the European Union Noble Food Regulation in modern applications.
Some of the key players operating in the chia seed ingredient market are
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
