The quinoa milk market was valued at USD 133.26 million in 2022 and is expected to reach the value of USD 212.40 million by 2029, at a CAGR of 6.00% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Quinoa milk is in high demand among consumers due to the health benefits it provides. Quinoa milk is gluten-free and high in fibre, and it is used as a substitute for corn or wheat milk in a variety of foods. It is high in vitamin B complex, magnesium, calcium, iron, and potassium, all of which are essential for the human body.
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Drivers
- Growing demand for organic food products in the global markets
One of the key drivers influencing demand for quinoa milk in the global market is the growth of the organic food and beverage industry, as consumer awareness about the benefits of eating food products with low additives, non-GMO, natural, and other ingredients is expected to drive consumers to choose healthy foods. On the other hand, sales of organic food and beverages in the global food market are increasing due to increased supply of organic products by modern retail formats and an increase in the number of small organic food manufacturers due to high demand.
Opportunities
- Product Innovations
Food and beverage manufacturers are considering the health benefits of quinoa and adding significant constituents to make products more delectable and nutritious. Aside from that, the use of quinoa for disease prevention and health maintenance is expected to fuel a positive growth in terms of value during the forecast period.
COVID-19 Impact on Quinoa Milk Market
COVID-19 the term pandemic refers to a worldwide pandemic that has affected many countries. It has caused havoc in the fields of business and marketing. Demand for quinoa milk increased during the pandemic as consumers sought food staples with a longer shelf life that were also healthy to consume. Manufacturers are experiencing production difficulties due to raw materials and labour scarcity. Following the pandemic, there will be an increase in market demand for quinoa as consumers seek healthy food products that boost anti-oxidants in the body.
Global Quinoa Milk Market Scope
Product Type
- Sweetened
- Un-sweetened
Type
- Blended
- Un-blended
Form
- Ready-to-Drink
- Instant Powder
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Flavors
- Original
- Chocolate
- Others
Distribution channel
- Store based Retailers
- Online Retailers
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