Future Market Insights (FMI) has projected the chia seed market size to total US$ 203 million in 2023. Demand for chia seeds is expected to capture a 7% CAGR, boosting the overall consumption to US$ 390.3 million over the assessment period from 2023 to 2033. By following this promising growth, the overall market value is projected to reach US$ 390.3 million by the end of this forecast period.
Sales growth is being driven mostly by rising customer demand for gluten-free goods and growing awareness of the health advantages of chia seeds. Furthermore, it is believed that the expanding use of chia seeds as an omega-3 source in animal feed has increased demand.
Chia seeds, with their mild flavour, can be used to packaged meals and functional foods. Chia seeds’ high fibre content allows them to be used in a variety of products, including bakery goods, energy drinks, dietary supplements, sports drinks, and salted snacks. Furthermore, Chia seeds are frequently included in packaged’superfood’ products due to their high antioxidant and fibre content.
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A certain degree of market development restraint may result from the limited availability of suitable environments for plant growth and higher seed output. Against this backdrop, the sales of chia seeds in the United States are anticipated to remain profitable over the assessment period.
Key Takeaways from the Chia Seed Market Study Report
- The United States held a market share of 27.9% in the year 2022.
- Germany is the leading market for chia seeds in Europe and contributed a 7.3% revenue share in 2022.
- The demand for chia seeds in the United Kingdom registered a CAGR of 7% during the forecast years.
- China and India are poised to witness a growth rate of 6.1% and 8.9% in the production of chia seeds through 2033.
Competitive Landscape for the Chia Seed Market Players
Organic Denmark, Sesajal, Bioglan, Nutiva, Navitas Naturals, Mamma Chia, Genera Nutrients, and Maya Chia are a few of the leading chia seed-supplying industries. Many of the global market players rely on imports because much of the output is located in Central and South American nations.
The chia seed plant thrives in the dry, marine-influenced Mediterranean climates, so its market has remained concentrated in some parts of the world. However, the adoption of modern farming methods has now given rise to the possibility of successful farming of chia seeds in other climatic regions. This is anticipated to support the emergence of new players and diversify the market in the coming days.
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Recent Developments by the Chia Seed Supplying Industries
Mamma Chia declared in April 2022 that its products are keto-friendly. This development included its product line of Chia Energy Beverages and Chia Vitality Beverages, providing only 6 grams of net carbohydrates per serving.
Innovation and the creation of new product supplies are the main techniques used by businesses to maintain their market share. The Chia Co. launched four new types to its Oats+Chia product line last year, including Apple Spice, Blueberry Lemon, Mixed Berry, and Banana Mango. Later, it added three new flavors to its Chia Pods products, such as Strawberry, Dark Cacao, and Coffee Bean.
Segments Covered by the Survey Report
By Origin:
- Organic
- Conventional
By Color:
- Black
- White
- Brown
By Form:
- Whole Chia Seeds
- Grounded Chia Seeds
- Chia Seed Oil
- Other Chia Seed Forms
By End-use Application:
- Food and Beverages Sector
- Packed Chia
- Nutritional Bars
- Bakery and Snacks
- Breakfast Cereals
- Beverages
- Others
- Personal Care Products and Cosmetics Sector
- Animal Feed and Pet Food Sector
- Nutritional and Dietary Supplements Sector
- Other End-use Applications
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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