Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 6,500 million | USD 11,200 million | 7.2% | 2022 |
The global chia seed market size was evaluated at $6,500 million in 2022 and is slated to hit $11,200 million by the end of 2030 with a CAGR of nearly 7.2% between 2023 and 2030.
Chia seed is an edible seed of Salvia hispanica, a flowering herb of the mint family which is native to South and Central Mexico. Reportedly, chia seed is gray and oval having white and black spots with a diameter of about 2 millimeters. Moreover, the product is hygroscopic and absorbs nearly twelve times its weight in liquid when soaked. Furthermore, it develops a mucilaginous coating that offers chia-based foods & beverages a unique gel texture.
Health benefits provided chia seeds to spur the global market expansion by 2030
The growth of the chia seed market can be attributed to its rich omega-3 fatty acids, antioxidants, iron, and calcium ingredients. Owing to the health benefits offered by chia seeds, the demand for chia seeds is expected to increase considerably over the forecast timespan. As chia seeds contain various minerals and possess excellent nutritional value, their application in the food and beverage sector is likely to increase by leaps & bounds in the coming years. Escalating the intake of chia seeds in food supplements and their use in protein bars as well as the massive utilization of the product as a natural food constituent in the food & beverages sector will boost the global market trends. Large-scale preference towards gluten & organic-free vegan food along with escalating awareness about chia seeds among professional athletes to prop up the growth of the global market.
New product launches will contribute majorly towards the global market revenue in the coming years. For instance, in June 2020, Benexia, a key producer of chia ingredients, expanded its chia-based food & beverages portfolio. In February 2022, Dabur, a natural healthcare firm, launched an expansion of its Real product line by launching a range of healthy diets under the superfoods seeds segment. The range includes Real Health Pumpkin Seeds and Real Health Chia Seeds.
Strict laws pertaining to product utilization in food ingredients to impede the global industry surge by 2030
Stringent laws imposed on the use of food & personal care ingredients by authorities such as the USFDA and EFSA along with low awareness about chia seeds' significance in the emerging economies can hinder the growth of the global chia seed industry.
Surging demand for chia seeds in personal care products to craft new avenues of growth for the global market
The rising use of the product in the personal care & cosmetics sector is projected to open new growth avenues for the global chia seed market. The chia seeds are exported for the food sector and this can open new growth avenues for the global market.
Less manufacture of products can prove to be a huge challenge for the global industry
Limited production of chia seeds along with its production in fewer countries can pose a huge challenge for the global chia seed industry growth in the coming years.
The global chia seed market is sectored into origin, color, form, end-use, and region.
In terms of origin, the chia seed market across the globe is segregated into organic and conventional segments. Furthermore, the organic type segment, which acquired about 58% of the global market profits in 2022, is expected to register the fastest CAGR during the period from 2023 to 2030. Moreover, the segmental expansion in the coming eight years can be due to increasing awareness about organic foods as a result of high nutritional benefits. Apart from this, escalating demand for food products produced without the use of synthetic and chemical fertilizers is primarily expected to fuel the growth of the segment over the upcoming years.
Based on the color, the global chia seed industry is divided into black, white, and brown segments. Moreover, the black segment, which led the application segment in 2022, is set to dominate the segmental expansion over the forecast timeline. The growth of the segment in the ensuing years can be owing to the high protein contents found in black-colored seeds.
Based on the form, the global chia seed market is divided into whole, grounded, and oil segments. Moreover, the whole segment, which dominated the form segment in 2022, is set to contribute lucratively towards the segmental progression over the forecast timeframe. The expansion of the segment in the upcoming years can be subject to easy access to whole chia seeds along with their massive use in animal feed due to huge omega-3 fatty acids constituents.
Based on the end-use, the global chia seed industry is divided into food and beverages, personal care products and cosmetics, animal feed and pet food, and nutritional and dietary supplements segments. Moreover, the food and beverages segment, which led the end-use segment in 2022, is projected to dominate the segmental growth in the coming eight years. The growth of the segment in the upcoming years can be owing to a rise in the use of chia seeds in baked products, seed mixes, and breakfast cereals. An increase in the use of the product in food & beverages can be attributed to its ability to maintain the proportion of glucose in the blood, minimizing heart disorders, and metabolic activities of the human body.
Report Attributes | Report Details |
---|---|
Report Name | Chia Seed Market |
Market Size in 2022 | USD 6,500 Million |
Market Forecast in 2030 | USD 11,200 Million |
Growth Rate | CAGR of 7.20% |
Number of Pages | 209 |
Key Companies Covered | Spectrum Naturals, Sesajal SA De CV, Bioglan, The Chia Co., Navitas Naturals, Benexia, Chia BIA Slovakia, S.R.O, Vega Produce LLC, Chosen Foods Inc., Nutiva Inc., and others. |
Segments Covered | By Origin, By Color, By Form, By End-Use, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia-Pacific is expected to dominate the global market growth over the period from 2023 to 2030
Asia-Pacific, which accounted for nearly 55% of the global Chia Seed market share in 2022, will be the leading region in the coming seven years. Moreover, the regional market expansion over the forecast timespan can be credited to a massive increment in chia seed consumption in countries, including China, India, and Japan. In addition to this, rising consumer preference for vegan food along with an increasing shift towards consuming healthy snacks will propel the growth of the regional market.
The North American Chia Seed industry is expected to record the fastest cumulative annual growth rate in the forecasting years. The growth of the industry in the sub-continent in the next few years can be due to the rising use of the product in the various kinds of sports nutrition for the sports persons participating in the events in countries such as Canada and the U.S. Moreover, a rise in the number of firms manufacturing the product will drive the industry growth in the region.
The global chia seed market profiles key players such as}
By Origin
By Color
By Form
By End-Use
FrequentlyAsked Questions
Chia seed is an edible seed of salvia hispanica, a flowering herb of the mint family which is native of South and Central Mexico. Reportedly, chia seed is gray and oval having white and black spots with a diameter of about 2 millimetres.
The global chia seed market growth over forecast period can be owing to their rich omega-3 fatty acids, antioxidants, iron, and calcium ingredients.
According to a study, the global chia seed industry size was $6,500 million in 2022 and is projected to reach $11,200 million by the end of 2030.
The global chia seed market is anticipated to record a CAGR of nearly 7.2% from 2023 to 2030.
North America is set to dominate the global chia seed industry over the forecasting timeline owing to rising use of the product in the various kinds of sports nutrition for the sports persons participating in the events in the countries such as Canada and the U.S. Moreover, rise in the number of firms manufacturing the product will drive the industry growth in the region.
The global chia seed market is led by players such as Spectrum Naturals, Sesajal SA De CV, Bioglan, The Chia Co., Navitas Naturals, Benexia, Chia BIA Slovakia, S.R.O, Vega Produce LLC, Chosen Foods, Inc., and Nutiva, Inc.
The global chia seed market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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