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An exhaustive analysis on chia seed market by Future Market Insight (FMI) provides compelling insights into critical trends and opportunities that will create growth prospects for the market in coming years. The report also reveals key factors propelling the demand across various market segments in terms of origin, color, form, and end use application for the assessment period.
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Dec 16, 2021, 07:30 ET
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DUBAI, UAE, Dec. 16, 2021 /PRNewswire/ — As per a recent survey by FMI, the global chia seed market is projected to total US$ 194.1 Mn in 2021. Growing awareness regarding benefits of chia seeds and increasing availability in supermarkets and convenience stores is paving the way for growth in the market.
Chia seeds are loaded with omega-3 fatty acids, antioxidants, polyphenols, minerals, and fiber. As consumption of these seeds improves heart health, manages blood sugar levels, and supports bone health, they are increasingly being consumed in fruit bowls, frozen yogurt, salads, and breakfast cereal among others as superfoods.
Hence, increasing demand for superfoods to meet the nutritional requirements of consumers is estimated to accelerate the sales in the coming years. In response to this, the chia seeds market is poised to grow at a CAGR of 6.8% during the forecast period 2021-2031.
With rising trend of veganism and growing emphasis on health lifestyle, individuals across the world are extensively looking for food products with natural ingredients that are loaded with nutrients such as chia seeds, which is in turn, estimated to drive the market.
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In addition, increasing applications of chia seeds as a functional ingredient across the personal care sector, owing to its benefits such as repairing the skin barrier and improved skin texture is expected to drive the sales.
Against this backdrop, sales in the global chia seeds market are expected to register growth at 5.5% year-over-year growth in 2021.
On the basis of applications, the personal care & cosmetics industry is estimated to account for a significant share in the market between 2021 and 2031. Increasing use of chia seeds in the production of lotions, serums, and creams is favoring the growth in the segment.
"Key players are emphasizing on launching novel variants of chia seeds such as chia oils, milk, gels to meet the surging demand for natural ingredients across nutritional & dietary sector. This is expected to accelerate the growth in the market," says a FMI analyst.
Key Takeaways from Chia Seed Market Study
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As per FMI, top five companies in the global chia seed market are expected to account for around 40% to 60% of the total sales in 2021.
Leading companies are aiming at launching novel products and variants to expand its product portfolio. Some of the players are focusing on engaging in strategic collaborations, agreements, merger, and acquisition to increase their production capacity. For instance,
Some of the key players operating in the market profiled by FMI are:
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More Valuable Insights on Chia Seed Market
The latest report by FMI provides a detailed analysis of the global chia seed market, providing credible insights into key factor driving the market through 2021 and beyond. The study also disclosed growth projections on in chia seed market with detailed segmentation:
By End-Use Application:
Key Questions Covered in the Report
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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