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Quinoa Flour Market Share

ID: MRFR//5917-HCR | 90 Pages | Author: Snehal Singh| April 2024

The increase in popularity of gluten-free and nutritious alternatives in the food industry has led to notable growth in the Quinoa Flour market over recent years. Different companies operating within this environment have employed different approaches to gaining competitive advantage through various positioning strategies. For instance, Wal-Mart moved into organic foods, thereby taking on Whole Foods Markets by using low prices, thereby increasing their market share among people who prefer healthier diets (Mantilla). Asia-Pacific region will be expected to show the highest CAGR rates amongst all regions on account of its population showing increased inclination towards the introduction of quinoa flour into their daily meals (Kumar et al., p19). Asia-Pacific consumers are driven by the gluten-free nature and superior nutritional value offered by quinoa flour.
The dynamic play of health-wise options and the distinctiveness of Quinoa Flour makes it a versatile and sought-after ingredient. One major strategy in the Quinoa Flour market is positioning by differentiation based on quality and sourcing. Companies emphasize the premium quality of their Quinoa Flour, often highlighting factors such as organic certifications, non-GMO status, and sustainable sourcing practices. In addition to these strategies, the market share positioning features a cost leadership strategy, which has been observed in the Quinoa Flour market. They focus on optimizing production processes, effectively citing quinoa grains at a good price and achieving economies of scale that allow them to offer their product at competitive prices. This approach targets a broader consumer base that is price-sensitive but still seeks the nutritional benefits and gluten-free properties of Quinoa Flour.
A prevalent technique in the market for quinoa flour is health and wellness positioning. The nutrition profile claims made about Quinoa Flour include high protein content, the presence of essential amino acids, and its gluten-free nature, among others. For instance, companies use a nuanced strategy referred to as market segmentation to address needs specific to consumers within the Quinoa Flour sector. This entails geographical expansion into new regions where demand for gluten-free products with high nutritional value is increasing significantly, prompted by companies that aim to become leaders in this industry by promoting gluten-free diets. Expanding distribution networks or entering emerging markets helps companies reach more clients, hence increasing their market shares, among other things mentioned above. Collaboration and partnerships are also getting popular in the field of quinoa flour; therefore, aligning with food bloggers, chefs, or health influencers can enhance your product visibility and credibility within those niches. Sustainability is nevertheless becoming an important tool when it comes to gaining more position in the market for quinoa flour.

Covered Aspects:

Report Attribute/Metric Details

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

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