According to Renub Research report titled “Chia seed Market Size Global Forecast 2021-2027, Industry Trends, Impact of COVID-19, Opportunity Company Analysis” the Global Chia Seed Market Size will reach to US$ 5.5 Billion by 2027. Salvia hispanica, also called Chia is a plant in the mint family which is grown commercially for its seeds and is rich in omega-3 fatty acids. Apart from that, Chia seeds provide a magnificent source of antioxidants as well as soluble fiber. Furthermore, chia seed production was only feasible in tropical and subtropical regions because the prolonged growing season required to complete seed development. At the same time, chia plants grow well in temperate climates; they need short days to flower and are typically killed by frost before seeds mature.
Worldwide Chia Seeds Market Size was valued at US$ 1.1 Billion in 2021
Globally, Chia is known for one of the highest sources of omega-3 fatty acids. Worldwide, surging demand of Chia seed and seed products say oil has a substantial value than soy, canola and flax. Omega-3 has a great source for many health benefits, say for instance it improves brain function, and the risk of heart diseases lowers, cancer and many more. Around the globe, the health foods and nutraceutical industries are currently marketing raw chia seeds as a dietary supplement.
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In recent years, nutraceutical companies is growing exponentially due to an aging population surging worldwide, apart from that, consumers are demanding functional foods which has ingredients such as omega-3 fatty acids, and increasing interest and its use in preventative medicine. Due to the above reasons it gives traction to this market and is expected to grow on current nutritional trends. Surging awareness regarding many health benefits of omega-3 fatty acid foods has propelled growth. Also, Chia is used in pet and livestock feeds. More on this, Chia is a low-maintenance crop that prefers moderately fertile, well-drained soils due to its small seed size, precision planting is important to ensure good seed-to-soil contact.
Driving Factors & Challenges of Chia Seed Industry
The factors that drive the market for Chia seeds globally are growing demand for chia seeds in products like protein bars & natural food ingredients and dietary supplements in the food & beverage industry, vegan diet, organic & gluten-free. Furthermore, worldwide surging awareness about chia seeds products for healthy diet preferences for instance most importantly by the young athletes and professional sportspersons.
Regional Insights: United States Chia Seeds Demand is met from China, Mexico, and Latin American Countries
By Region, the report covers North America, Europe, Asia-Pacific, Latin America, Middle East and America, and Top Importing Countries like United States, Germany, Netherland, and Top Exporting Countries such as China, Canada, and the Netherlands. In the United States, consumption of chia seeds in numerous industries is expected to rise over the forecast period.
Besides, the surging incidence of heart diseases in the United States asserts the importance of omega-3 inclusion in daily diets. Centres for Disease Control and Prevention stated that, every year, around 659,000 adults die from heart diseases. America Heart Association (AHA) has recommended the omega-3 rich foods and oils in daily diets to keep cardiovascular diseases away. Chia seeds are an important source of omega-3 and omega-6 fatty acids, which is driving their consumption in the United States.
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Impact of COVID- 19 on Global Chia Seeds Industry
The global COVID-19 pandemic has impacted the industries worldwide, which has certainly impacted the Chia seeds industry. Most importantly, the production, export and import of chia seeds products were hampered during the period among most countries. During the initial phase of Covid-19 in 2020, lockdown, transport restrictions caused disruptions in the logistics system. This has hit the commodity's supply across the globe that led to a decline in the chia seeds market in that year. Our analysts expect that the market will recover post-pandemic and will grow during the forecast period.
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