Market Overview
South America Chia Seeds Market is projected to grow at a CAGR of 12.3% during the forecast period (2019-2024). The increasing popularity of vegan protein-based food, the increasing use of chia seeds in the food industry and the increased use of chia seeds as animal feed are the three important factors driving the market. Paraguay, Bolivia, Peru, and Argentina are the major suppliers of chia seeds in the region.
Scope of the Report
Chia seeds are derived from the desert plant “Salvia Hispanica”, which is a member of the mint family. Salvia Hispanica seed is often sold under its common name “chia”. The report defines chia seed as a commodity in terms of the end-users. The end-users include bulk traders of chia seeds.
Key Market Trends
The increasing use of chia seeds in the food industry is driving the market
As an ingredient, chia seed can be used in different snacks, cookies, candy, baking industry, and in cereal and breakfast options. They act as popular alternatives in the food industry, due to their smaller size and lower weight. They are an easy option as snacks and can be kept for a long time, as it is always easy to sprinkle some seeds onto food. The neutral taste of chia seeds goes well with a variety of dishes. They have the unique ability to “gel” when added to wet ingredients and work particularly well as vegan-friendly replacements for eggs or gelatin, in certain recipes.
Bolivia dominates the market
Bolivia has become one of the largest producers of chia, with around 3,000 to 4,000 cultivars in the country. According to ANAPO, the Association of Oilseed and Grain Producers, in Bolivia, a trend of a substantial rise in production was observed, mainly due to increasing demand from foreign buyers, which has placed Bolivian quality chia at a high rank. A rapid growth rate in the production quantity was observed during 2014-2015, and it was the speculation of price increase that triggered this production trend of chia during the period. The rising price for chia seeds in the commodity markets is attracting more and more farmers toward taking up chia seed cultivation, which is likely to further increase the competitiveness of the Bolivian chia seeds market.
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This product will be delivered within 2 business days.
South America Chia Seeds Market is projected to grow at a CAGR of 12.3% during the forecast period (2019-2024). The increasing popularity of vegan protein-based food, the increasing use of chia seeds in the food industry and the increased use of chia seeds as animal feed are the three important factors driving the market. Paraguay, Bolivia, Peru, and Argentina are the major suppliers of chia seeds in the region.
Scope of the Report
Chia seeds are derived from the desert plant “Salvia Hispanica”, which is a member of the mint family. Salvia Hispanica seed is often sold under its common name “chia”. The report defines chia seed as a commodity in terms of the end-users. The end-users include bulk traders of chia seeds.
Key Market Trends
The increasing use of chia seeds in the food industry is driving the market
As an ingredient, chia seed can be used in different snacks, cookies, candy, baking industry, and in cereal and breakfast options. They act as popular alternatives in the food industry, due to their smaller size and lower weight. They are an easy option as snacks and can be kept for a long time, as it is always easy to sprinkle some seeds onto food. The neutral taste of chia seeds goes well with a variety of dishes. They have the unique ability to “gel” when added to wet ingredients and work particularly well as vegan-friendly replacements for eggs or gelatin, in certain recipes.
Bolivia dominates the market
Bolivia has become one of the largest producers of chia, with around 3,000 to 4,000 cultivars in the country. According to ANAPO, the Association of Oilseed and Grain Producers, in Bolivia, a trend of a substantial rise in production was observed, mainly due to increasing demand from foreign buyers, which has placed Bolivian quality chia at a high rank. A rapid growth rate in the production quantity was observed during 2014-2015, and it was the speculation of price increase that triggered this production trend of chia during the period. The rising price for chia seeds in the commodity markets is attracting more and more farmers toward taking up chia seed cultivation, which is likely to further increase the competitiveness of the Bolivian chia seeds market.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format.
- Report customization as per the client's requirements.
- 3 months of analyst support.
This product will be delivered within 2 business days.
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
Methodology
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