Updated Mar 20, 2023 22:16

Global Quinoa Market

Market Overview
The global quinoa market surged to $ in , jumping by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed resilient growth. As a result, consumption attained the peak level of $. From 2015 to , the growth of the global market failed to regain momentum.

In value terms, quinoa production contracted modestly to $ in estimated in export price. In general, production saw notable growth. The pace of growth was the most pronounced in 2014 with an increase of %. As a result, production attained the peak level of $. From 2015 to , global production growth remained at a lower figure.

The countries with the highest volumes of production in were Peru ( tons), Bolivia ( tons) and Ecuador ( tons), together comprising % of global production.

From 2012 to , the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Peru (with a CAGR of +%), while production for the other global leaders experienced more modest paces of growth.

The global average quinoa yield stood at kg per ha in , increasing by % against the previous year. In general, the yield indicated a pronounced increase from 2012 to : its figure increased at an average annual rate of +% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, quinoa yield decreased by -% against indices. The most prominent rate of growth was recorded in 2014 with an increase of % against the previous year. As a result, the yield reached the peak level of tons per ha. From 2015 to , the growth of the average quinoa yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The global quinoa harvested area declined slightly to ha in , stabilizing at the previous year. Overall, the harvested area, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of % against the previous year. As a result, the harvested area reached the peak level of ha. From 2014 to , the growth of the global quinoa harvested area failed to regain momentum.


Consumption
In , global quinoa consumption skyrocketed to tons, increasing by % against the previous year. Over the period under review, the total consumption indicated a prominent increase from 2012 to : its volume increased at an average annual rate of +% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Over the period under review, global consumption hit record highs at tons in 2015; however, from 2016 to , consumption remained at a lower figure.

The global quinoa market size skyrocketed to $ in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted a strong increase. As a result, consumption attained the peak level of $. From 2015 to , the growth of the global market remained at a lower figure.


Consumption by Country
The countries with the highest volumes of consumption in were Peru ( tons), Bolivia ( tons) and the United States ( tons), with a combined % share of global consumption. These countries were followed by France, Canada, China, Italy, Germany and Australia, which together accounted for a further %.

From 2012 to , the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by China (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest quinoa markets worldwide were Peru ($), Bolivia ($) and the United States ($), with a combined % share of the global market. France, Canada, China, Germany, Italy and Australia lagged somewhat behind, together accounting for a further %.

China, with a CAGR of +%, recorded the highest growth rate of market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In , the highest levels of quinoa per capita consumption was registered in Bolivia ( kg per persons), followed by Peru ( kg per persons), Canada ( kg per persons) and Australia ( kg per persons), while the world average per capita consumption of quinoa was estimated at kg per persons.

From 2012 to , the average annual growth rate of the quinoa per capita consumption in Bolivia amounted to +%. In the other countries, the average annual rates were as follows: Peru (+% per year) and Canada (+% per year).


Market Forecast
Driven by increasing demand for quinoa worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .