The global chia seed market expected to reach USD 1.5 billion by 2021, registering a CAGR of 40.62% during the forecast period from 2016 to 2021. Chia seeds are grain seeds with various nutritional properties like high omega-3 and fiber content. Chia seeds are rich in proteins, are a good source of minerals and are gluten-free. Currently, due to the high demand and relatively low supply of chia seeds, the value of chia and chia-containing products is much higher as compared to canola, soy, and flax.
Nowadays, chia seeds have been utilized by various industries including functional food, animal feed, and cosmetics; however, food is the most dominating industry by consumption. In the food and beverage industry, chia seeds are promoted as a packed superfood and as a supplement in bakery products, cereals, muesli bars, peanut butter and beverages.
The market has been geographically segmented into North America, Europe, Asia-Pacific, South America and Africa. Globally, 80% of chia supply is from South America, however, the US and Australia are the market leaders and have the highest chia seed demand. Asia-Pacific is expected to witness the fastest growth due to its large consumer base and consumer inclination towards superfoods. North America witnessed the largest food and beverage launches with chia ingredients in 2014, followed by Asia-Pacific and Europe. In the coming years, the demand for chia-based products is expected to increase in the UK, Brazil, Chile, Spain, and India.
2. Market Overview & Dynamics
3. Competitive Environment
4. Market Segmentation by Region
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