SUPERGRAINS MARKET OVERVIEW
The Global Supergrains Market size was USD 368.4 million in 2023 and is projected to touch USD 678.66 million by 2032, exhibiting a CAGR of 6.3% during the forecast period.
Supergrains are famous for having outstanding nutritional profiles. They are becoming sought-after ingredients in the food sector and are increasingly incorporated into various food products. These markets explain the dynamic and emergent segment of the foodstuff sector that is focused on the production, marketing, and cultivation of an exclusive class of high-nutrient grains. The product’s growing appeal is aided by the fact that they are frequently linked to advantages including improved energy, heart health, and weight control. These grains frequently outperform traditional staples, promoting general wellbeing and preventing disease when it comes to health advantages.
With a notable expansion in both developed and emerging markets it is projected to continue its growth trajectory. Consumers are becoming more health vigilant and are vigorously seeking out products that bid additional health benefits is boosting demand for the product. The increasing demand for healthy and nutritious food products and utilizing innovation techniques for farming is propelling the market growth.
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GLOBAL CRISES IMPACTING SUPERGRAINS MARKET COVID-19 IMPACT
"Supergrains Industry Had a Negative Effect Due to Supply Chain Disruption during COVID-19 Pandemic"
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
The shutting down of factories led to the turn down in the packaging of the grains in the industries in the pandemic. The disrupted supply chain and reduced consumer spending had affected the market growth in the COVID-19 pandemic. This affected the scale of production and also hampered the growth of these industries. The shops and retail stores were shut due to lockdowns observed worldwide. This also affected the trade of these products which in turn hindered the sales of products in various countries around the world. Conversely, the market quickly rebounded as consumers’ prioritized health and wellness. The pandemic has heightened awareness about the importance of a nutritious diet, leading to an increased demand for super gains and related products. The sale of the food additives has grown after worldwide release of the lockdown situation due to the pandemic.
LATEST TREND
"Creative Supergain-Based Product Development to Drive Market Growth"
As producers create a vast range of goods based on super-gains, the market is seeing a surge of creativity. Snacks enriched with super gains and prepared meals are just a couple of the ways businesses are leveraging consumer desire for quick, healthy solutions, these grains are being used in innovative product formulations owing to their functional advantages, which consist of better satiety, prolonged energy release, and improved digestive health. The industry’s participants are competing to develop enticing, health-conscious products that appeal to consumers’ changing tastes and demand for both taste and wellbeing in their food selections.
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SUPERGRAINS MARKET SEGMENTATION
By Type
Based on Type, the global market can be categorized into white quinoa, black quinoa, red quinoa, and others
- White Quinoa: These seeds are the most common type which is known for its slight flavor and soft fluffy texture. Because they are flexible and quick to cook, they are an ideal ingredient in many dishes and contain high levels of protein and nutrients present in them to lure the health-conscious people.
- Black Quinoa: This seed offers an uncommonly tasted variant in the market, which has an intense flavor, and a crisp texture and is highly rich in antioxidants. Protein, fibers, and other constituents make these seeds used along with their unique appearance and nutritional profile makes them popular among health-conscious buyers.
- Red Quinoa: Due to their vibrant color, nutty flavor, and somewhat hard texture, uncooked these seeds are quite popular in the market and its other varieties because of their high in proteins, fibers, and antioxidants. Their artistic look in healthy food along with the nutritional advantages is the reason why they appeal to health-conscious people.
- Others: There are types of grains in this market which are providing high levels of fibers, antioxidant content, low glycemic index, and high nutritional values, which are such as amaranth, chia seed, buckwheat, and millet.
By Application
Based on application, the global market can be categorized into eat directly and reprocessed products
- Eat Directly: The segment captures the largest share of the market as it is considered more or less a whole grain in many preparations including salads, accompaniments, and breakfast cereals. Its high nutritional value, gluten-free nature and convenience of cooking make it a prevalent food among health-centered individuals looking for diversely healthy options.
- Reprocessed Products: The contents of this segment under this segment include the use of raw quinoa within the preparation of value added products such as flours, snacks, breakfast cereals, pasta, and other similar products. The high expectation of protein and other nutrients makes it an attractive feature in health-oriented products and to address the increasing consumer appetite for healthy-gluten free-plant protein options.
MARKET DYNAMICS
Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.
Driving Factors
"Increasing Health Consciousness among Consumers to Enhance the Market Growth"
The growing attribute for the supergrains market growth is the increasing shift in consumer preferences towards healthier dietary choices. The demand for products made from these grains has increased substantially as people become more aware of the nutritional benefits of incorporation of super-grains into their diets. This growing inclination towards health-oriented food products is motivating manufacturers to innovate and comprise these grains in various food offerings. The industry is reaping benefits from the increasing disorders as consumers are willing to pay a premium for foods marketed as healthy, organic, and nutrient-rich. There is heightened alertness about obesity and diabetes which has led customers to seek substitutes that provide better nutritional value.
"Rise in Demand for Plant-Based Diets to Expand the Market"
The market industry is witnessing a robust increase in demand for plant-based diets. More consumers are choosing vegetarians, vegan and flexitarian lifestyles, leading to greater emphasis on incorporating super gains as a primary protein source. This shift is mainly considerable among millennial and Generation Z, who are even more interested in sustainable and health-focused cooking choices. They serve as a nutrient-dense choice that fulfills protein requirements and contains a variety of health advantages that is making them ideal for vegan foods. In addition, the rising inclination for organic, plant-based, and non-GMO foods are drawing the attention of many people. It has led many producers to implement sustainable farming practices. They are using regenerative agriculture, water conservative techniques, and fair labor practices to cultivate the crops. Traders are progressively more prioritizing transparency and traceability in their import and export system to meet the rising demand for ethically sourced products. These efforts can appeal to environmentally-conscious clients and add to long-term ecological wellbeing and the veracity of the agricultural ecosystem.
Restraining Factor
"Availability of Substitute Products to Potentially Impede Market Growth"
The limiting factor for the market growth is the elevated risk from substitutes affecting the market expansion. The market is facing competition from alternative sources of nutrients, including whole foods and functional food products. Functional foods are food items that offer supplementary health benefits. Whole foods that are unprocessed and unrefined consist of tubers, whole grains, legumes, vegetables, and fruits are attracting many consumers which can reduce demand for super grains. This alternative provides similar health advantages as super grains but often come at a lower price and greater accessibility.
Opportunity
"E-Commerce and Direct-to-Consumer (D2C) Channels to Generate Opportunity for the Market"
The increasing adoption of e-commerce and D2C channels are great avenues for the vendors which is propelling the market growth. Clients prefer online platforms for purchasing nutritious and organic food products, with ease and accessibility. A D2C model allows brands to build direct relationships with consumers and provide custom-made experiences and a broader selection of products. Furthermore, e-commerce platforms are helping to spread knowledge of products through digital marketing and easy online access to specialty products. Furthermore, innovations in food technology are becoming a vital attribute for the market expansion. Progression in processing methods and product formulations have led to the expansion of novel products based on grains that fulfill diverse consumer preferences. Innovations enhance the nutritional profile of super-grains as well as improve their taste and texture that is making them more appealing to a broader audience. This aspect is encouraging manufacturers to invest more in research and development, leading to a wider variety of offerings in the market.
Challenge
" High Cost of Product Could Be a Potential Challenge for Market"
One of the primary restraining factors is the high cost of super grains compared to conventional grains. The premium pricing of super grain can be a barrier to their widespread adoption, especially in price-sensitive markets. The grain cultivation demands specific climatic conditions and fertile soil, which are often more expensive to maintain. The charge of farming is noticeably higher than for other grains. This increased expenditure can affect profitability and restrict market growth. Additionally, the limited awareness and knowledge about the nutritional benefits of lesser-known super grains can restrict market growth. The challenges related to the cultivation and supply chain of products such as climatic dependencies and production scalability, also pose significant threats. Addressing these challenges through strategies, initiatives and consumer education will be crucial for the sustained growth of the market.
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SUPERGRAINS MARKET REGIONAL INSIGHTS
North America
North America is the largest region in terms of the supergrains market share because of high consumer awareness and a strong preference for health and wellness products. The United States supergrains market is the major contributor to the market growth. The existence of well-established companies and the accessibility of a wide range of products in retail outlets further support the region’s market growth. The region has huge food industries, along with the increasing demand for organic and non-GMO foods are attracting many end-users to buy the products and consequently propelling the market growth.
Europe
Europe is another significant region with great market share because of strong demand for organic and sustainable food products. The increasing popularity of health and wellness which incorporates superfoods is propelling market growth. The stringent policies on food safety and quality in this region are forcing producers to follow them and product quality products. Additionally, the growing consumer inclination for organic food is boosting demand for the product. The constant improvement and product development in the food and beverage commerce is enhancing the market enlargement in this region.
Asia
The Asia Pacific region is experiencing the fastest market growth due to the rapid urbanization in many areas in this region. The rising spending earnings of the people and growing consciousness of the health benefits related with grains are increasing demand for the product. The region has rich agricultural heritage and complimentary climatic conditions for the agriculture of crops which is providing a conducive situation for market growth. China, India, and Japan are major countries who are impelling demand for nutritious and organic food products. These aspects are making super grains an increasingly admired choice among customers and bolstering market growth.
KEY INDUSTRY PLAYERS
"Key Industry Players Shaping the Market through Innovative Farming Techniques and Market Strategies"
Key companies operating in the market include both established multinational corporations and emerging players that are utilizing advanced and innovative techniques for cultivations. The market is highly competitive, with numerous players vying for marketplace positions. Growth is mostly motivated by factors for instance product innovation, quality, pricing strategies, distribution networks, and brand reputation. Some corporations are using various business strategies such as collaborations, mergers and acquisitions, and product diversification to augment a competitive edge.
List Of Top Superfrains Companies
- Sociedad Agropecuaria Industrial Y Tecnica Saite (Bolivia)
- ENSE Organics (Bolivia)
- Irupana Andean Organic Food (Bolivia)
- Andean Valley (Bolivia)
- Quinoa Foods Company (Bolivia)
- COMRURAL XXI (Bolivia)
- Quinoabol (Bolivia)
- Naturkost Peru SAC (Peru)
- Colorexa (Peru)
- Interamsa Agroindustrial (Peru)
- Brolem Company (Peru)
- GlobeNatural (Peru)
- Villa Andina (Peru)
- Alisur (Peru)
- Olam Agri (Singapore)
- Northern Quinoa (NorQuin) (Canada)
KEY INDUSTRY DEVELOPMENT
March 2024: Gaia Herbs introduced a new range of metabiotics fermented from conventional superfoods. These products are intended at the gut health market which is offering beneficial bacteria and probiotics to improve digestion and maintain immune system function.
REPORT COVERAGE
The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.
The supergrains market is poised for a continued boom pushed by the increasing shift in consumer preferences towards healthier dietary choices and robust increase in demand for plant-based diets. Despite challenges, which include the higher pricing of super grain can be a barrier to their widespread implementation and the high threat from alternative products affecting the market expansion. Key market players are paying attention on product innovation, quality, pricing tactics, and distribution networks. They are also working on improving brand reputation. The increasing implementation of e-commerce and D2C channels is presenting great chances for the companies to expand their market and increase overall market presence.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 368.4 Million Million in 2023 |
Market Size Value By |
US$ 678.66 Million Million by 2032 |
Growth Rate |
CAGR of 6.3% from 2023 to 2032 |
Forecast Period |
2032 |
Base Year |
2023 |
Historical Data Available |
2019-2022 |
Regional Scope |
Global |
Segments Covered |
Type and Application |
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What value is the Supergrains Market expected to touch by 2032?
The Supergrains Market is expected to reach USD 678.66 million by 2032.
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What CAGR is the supergrains market expected to exhibit by 2032?
The supergrains market is expected to exhibit a CAGR of 6.3% by 2032.
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What are the driving factors of the supergrains market?
Rise in demand for plant-based diets and increasing health consciousness among consumers to expand the market growth
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What are the key supergrains market segments?
The key market segmentation, which includes, based on type, the supergrains market is white quinoa, black quinoa, red quinoa, and others. Based on application, the supergrains market is classified as eat directly and reprocessed products.