Quinoa Flour Market Research Report โ€“ Global Forecast till 2030

Quinoa Flour Market Research Report Information by Type (White, Black, and Red), Category (Organic, Conventional), Distribution Channel (Store-Based and Non-Store-Based), Region (North America, Europe, Asia-Pacific and RoW) - Global Forecast till 2030

ID: MRFR/F-B & N/5917-HCR | 90 Pages | Author: Snehal Singh | February 2024         

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Quinoa Flour Market Overview 


Quinoa Flour Market Size is Anticipated to reach USD 321.5 million by 2030, registering a CAGR of 4.85% by 2022-2030


Quinoa flour is witnessing a high demand among consumers due to the health benefits offered by it. Quinoa flour is gluten-free and high in fibre and are used in various food items as substitute to corn or wheat flour.  It is enriched with vitamin B complex, magnesium, calcium, iron, and potassium which are vital for human body.


The market players are focusing on their R&D activities to launch new and innovative products using quinoa flour, as there is an increasing demand for gluten-free and low-calorie food products. In addition, the players are also focusing on making such products accessible and visible to the customers across the globe. This is due to rising awareness about its antioxidant properties and it’s also high in potassium among the consumers. Moreover, quinoa flour is high in calcium and magnesium content, which helps in preventing human body from diseases including osteoporosis and diabetes. Thus, these factors are expected to drive the quinoa flour market during the forecast period.


Key Company News :



  • NorQuin (Canada): Invested in expanding quinoa processing facilities to meet growing demand. Partnered with research institutions to develop new quinoa varieties with improved yields and functionality.



  • Andean Valley Corporation (Bolivia): Launched a new line of organic quinoa flours targeted at the bakery industry. Focused on sustainable farming practices and fair trade certification.



  • King Arthur Flour Company (US): Expanded its online platform for educational resources and recipes using quinoa flour. Introduced new blends incorporating quinoa flour for gluten-free baking.



  • Bob's Red Mill Natural Foods (US): Increased its sourcing of quinoa from South American countries and invested in quality control measures. Partnered with non-profit organizations to support quinoa farmers.


Segmentation


The global quinoa flour market has been segmented based on type, category, distribution channel, and region.


By type, the global quinoa flour industry has been bifurcated as white, black, and red.


Based on category, the global quinoa flour market has been segregated as organic, and conventional.


On the basis of distribution channel, the global quinoa flour industry has been divided into store-based and non-store-based. Store-based is further divided into hypermarket & supermarket, convenience store, and others. Non-store-based is also further segmented into e-commerce.


The global quinoa flour market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.


The North American quinoa flour market has further been segmented into the US, Canada, and Mexico. The European quinoa flour market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The quinoa flour industry in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The quinoa flour market in the rest of the world has been segmented into South America, the Middle East, and Africa.


Regional Market Summary


Global Quinoa Flour Market Share (%), by Region, 2017


Quinoa Flour Market


Type: Secondary Types and MRFR Analysis


North America is expected to dominate the quinoa flour market during the forecast period. The region’s dominance can be attributed to various factors such as the presence of large number quinoa flour producers, increasing awareness regarding health benefits of quinoa flour. Quinoa flour provides several health benefits, which leads to its usage in improving bone health, heart health and maintain blood sugar levels. Increasing usage of quinoa flour as a substitute to the traditional flours by European consumers, due to its low glycaemic index is expected to render a significant share of the market to Europe during the upcoming years. However, Asia-Pacific is anticipated to register the highest CAGR due higher inclination of consumers towards using quinoa flour, as it is gluten-free and as well as highly nutritious.


Recent News:



  • January 2024: A study published in the Journal of Food Science and Technology found that quinoa flour can significantly improve the nutritional profile of bread and pasta products.



  • December 2023: The Food and Agriculture Organization (FAO) launched a new initiative to promote the cultivation and consumption of quinoa as a sustainable and nutritious crop.



  • October 2023: Several leading quinoa flour companies participated in the Gluten-Free Food Expo, showcasing their latest products and innovations.


Global Market, by Type



  • White

  • Black

  • Red


Global Market, by Category



  • Organic

  • Conventional


Global Market, by Distribution Channel



  • Store-Based

    • Supermarkets and Hypermarkets

    • Convenience store

    • Others



  • Non-Store-Based

    • E-Commerce




Global Market, by Region



  • North America

    • US

    • Canada

    • Mexico



  • Europe

    • Germany

    • France

    • Italy

    • Spain

    • UK

    • Rest of Europe



  • Asia-Pacific

    • Japan

    • China

    • India

    • Australia and New Zealand

    • Rest of Asia-Pacific



  • Rest of the World (RoW)

    • South America

    • Middle East

    • Africa




Key Players in the Global Market



  • Quinoa Foods Company (Bolivia)

  • Northern Quinoa Production Corporation (Canada)

  • Andean Valley Corporation (Bolivia)

  • King Arthur Flour Company, Inc. (US)

  • Bob's Red Mill Natural Foods, Inc. (US)

  • The British Quinoa Company (UK)

  • Nutriwish (India)

  • Andean Naturals, Inc. (US)

  • Dutch Quinoa Group BV (Netherland)

  • Organic Farmers Co. (India).


Intended Audience



  • Quinoa flour producers/processors

  • Food & beverage manufacturers

  • Raw material suppliers and distributors

  • Traders, exporters, and importers



Frequently Asked Questions (FAQ) :

Quinoa Flour Market Size is anticipated to reach USD 321.5 million by 2030, registering a CAGR of 4.85% during 2022-2030

Quinoa Foods Company (Bolivia),Northern Quinoa Production Corporation (Canada),Andean Valley Corporation (Bolivia),King Arthur Flour Company, Inc. (US),Bob's Red Mill Natural Foods, Inc. (US),The British Quinoa Company (UK),Nutriwish (India),Andean Naturals, Inc. (US),Dutch Quinoa Group BV (Netherland),Organic Farmers Co. (India).

North America is expected to dominate the quinoa flour market during the forecast period.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major playersโ€™ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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