Chia seeds are widely used in the food sector. The oil obtained from these seeds is used in salad dressings, as an egg substitute for baking cakes and several other dishes to make them healthier. The growth of the global chia seed market is driven by increase in health issues, such as cardiovascular diseases and joint pains, which boosts the demand for chia seeds. In addition, the use of these seeds has gained extensive importance in therapeutic and dietary products, owing to their nutritional significance. However, availability of cheaper alternatives such as sesame seeds and rapid price fluctuations hamper the growth of the market.
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The chia seed market is segmented based on type, color, form, application, and region. Depending on type, the market is classified into organic and conventional. By color, it is bifurcated into brown, black, and white. On the basis of form, it is segregated into whole, grounded, and oil. The applications covered in the study include food processing industry, baking industry, personal care, cosmetics industry, and others. Region wise, the market is studied across North America, Asia-Pacific, Europe, and LAMEA.
The key players in the market include The Chia Co., Navitas Organics, Hain Celestial, Mamma Chia, Chia Bia, Naturkost Übelhör GmbH & Co., ChiaCorp, Bob’s Red Mill Natural Foods, Mother India Farms, and Kilaru Naturals Private Limited.
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Conversely, the nutritional supplements industry is increasing by 7% every year. Chia seeds are rich in omega-3, proteins, and soluble & insoluble fibers, which make it an ideal ingredient for nutraceuticals. This can be viewed as an opportunity by the manufacturers to expand the market base.
Key Benefits of the Report:
- The report provides an in-depth analysis of the current trends, drivers, and dynamics of the chia seed Ingredient market to elucidate the prevailing opportunities and tap the investment pockets.
- It offers qualitative trends as well as quantitative analysis of the global market to assist stakeholders to understand the market scenario.
- In-depth analysis of the key segments demonstrates the type of chia seed Ingredient and its applications.
- Competitive intelligence of the industry highlights the business practices followed by key players across geographies as well as the prevailing market opportunities.
- Key market players are profiled to understand the competitive outlook of the market.
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