The quinoa milk market was worth USD 133.26 million in 2022 and is projected to grow at a CAGR of 6.00% from 2022 to 2029, reaching USD 212.40 million. The market reports created by Data Bridge Market Research 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 in addition to insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players.
Due to its health advantages, quinoa milk is much sought after by customers. Quinoa milk is a high-fiber, gluten-free alternative to maize or wheat milk that is used in a number of dishes. It contains significant amounts of magnesium, calcium, iron, potassium, and vitamin B complex, all of which are crucial for human health.
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Drivers
Growing demand for organic food products in the global markets
The development of the organic food and beverage industry is one of the main factors influencing demand for quinoa milk on the global market, as consumer awareness of the advantages of consuming food products with few additives, non-GMO, natural, and other ingredients is anticipated to encourage consumers to select healthy foods.
On the other side, the global food market is seeing a surge in sales of organic food and drinks as a result of modern retail formats’ greater availability of organic items and the rise of small organic food producers as a result of the high demand.
Recent developments and changes in global consumption patterns
In recent years, the number of countries producing quinoa has increased, which will increase commercial production. The government has aided the quinoa industry through the National Institute of Agricultural Research by encouraging research and development. During the forecast period, the market is expected to be driven by recent developments and changes in global consumption patterns. Due to its adaptability to different environments and perceived dietary benefits, quinoa has the potential to introduce a new crop into the cropping system.
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.
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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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