Chia Market Overview
The popularity of plant-based diets has created huge demand for the oil-rich seeds. It is well known that their nutritional profile and versatility has led to them being dubbed a superfood. Between 50,000 and 60,000 tons are consumed globally, of which 20,000 comes from Paraguay.
Paraguay is the worlds leading producer and exporter of chia worldwide, surpassing Mexico, Argentina and Bolivia. Last year over 48 million dollars came into this country, with over 21,000 tons being exported to over 50 countries.
This season farmers have had a super harvest and production, and can envision a steady growth in surface area, quality and market.
Argentina seeks to grow globally with its organic products as there is a growing demand for healthy food during and post coronavirus. Organic production in this region is increasingly important in the international markets and companies are now targeting Chinese consumers.
Argentine organic production has the highest quality levels, equivalent to those of the European Union, Japan and Switzerland, and with 3.2 million certified hectares, it ranks second in the world ranking.
Bolivia’s winter chia harvest is complete, however the area sowed decreased by 19,000 hectares, 24% less than last winter cycle. This is due to the paralysis of economic activities which impacted due to Covid-19. The restriction of the movement of people and the operation of businesses have generated a drastic decrease in demand.
The Bolivian Government guaranteed the agri-food chain through the decrees issued so that the sector continues to work and there is no shortage of food. However, he warned that a drop of between 12 and 15% is expected in the production of the winter harvest and the summer harvest of 2021.
Global Market Forecast
The Global Chia Seed Market is expected to grow at a CAGR of 6.7 % during the forecast period (2020-2027). Europe is one of the major importers of chia seeds, with Paraguay, Bolivia, Peru, Argentina, and Mexico are some of the major suppliers.
Opportunities that drive the growth of the Chia Seeds market
- Growing demand for vegan foods,
- Changing lifestyles of people
- Increasing health consciousness
- Shift from junk food to healthy snacks
- Wider use in multiple industries like cosmetic and pharmaceuticals
Tradelinks Sustainable Supply
You can see some photos of our chia fields back in May this year here! We are fully aware that our customers need to have full assurance that their suppliers will supply the products as specified, and meet the quality standards required worldwide. TradeLink International guarantees full traceability of its products entirely complying with the customers’ demands. Depending on the product and the region, most of the products are covered by BRC certification, ISO certification, HACCP principles, USDA, CERES and SGS.
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