Quinoa Prices

Quinoa Prices September 2023

In the third quarter of 2023, the price of quinoa in USA reached 2663 USD/MT by September. Similarly, in China, the quinoa prices hit 2250 USD/MT in the same month.

Quinoa Price Trend, Market Analysis, and News

IMARC's latest publication, “Quinoa Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the quinoa market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of quinoa at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed quinoa price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting quinoa pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Quinoa Market Analysis

The global quinoa market size reached US$ 1.3 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 2.3 Billion, at a projected CAGR of 7.10% during 2023-2032.

• Quinoa is considered a superfood because it contains a large amount of protein, essential amino acids, and a wide variety of vitamins and minerals. It is especially favored by individuals who are health-conscious, vegans, and vegetarians as a top-notch plant-based protein option. In May 2023, Shake Shack introduced the Veggie Shack burger, which marks a shift back to classic plant-based patties utilizing ingredients, such as mushrooms and quinoa. This change represented a departure from the current pattern of technology-driven meat substitutes. The grain is a great option for people with dietary restrictions like gluten intolerance or celiac disease due to its low glycemic index and gluten-free properties. Furthermore, the wide range of ways quinoa can be used in cooking, such as in salads, soups, desserts, and breakfast cereals, makes it popular in different types of cuisine. Consumers are placing more importance on healthy and nutritious foods, which is leading to the increasing consumption of quinoa. In February 2023, Chipotle introduced Farmesa, a new branch that focuses on California-inspired bowls with options like salmon and tri-tip, as well as sides including whipped potatoes and quinoa.
• Consumers are becoming more aware about the environmental and social effects of their food decisions, leading to a greater need for quinoa that is sourced sustainably and produced ethically. This crop is frequently grown using conventional farming methods that adhere to principles of organic and regenerative agriculture, attracting environmentally conscious consumers. Companies are reacting by guaranteeing clear supply chains and dedicating resources to community development initiatives in order to assist these farmers. In February 2023, Kori Jallpa started an Indiegogo fundraiser to transform the organic Royal Quinoa supply chain, with the goal of supporting Aymara and Quechua farming communities by offering fair prices and direct entry to retail markets via e-commerce.
• Food producers and business owners are always looking for new ways to use quinoa in various consumer goods, promoting product creativity and diversity. The endless possibilities in product development are showcased through quinoa-based snacks, breakfast cereals, beverages, and confectionery items. For example, in September 2023, Lindt released the Excellence Dark Mixed Seeds chocolate bar, which includes a special combination of dark chocolate with caramelized pumpkin, quinoa, and flax seeds created by their skilled Master Chocolatiers. This recent product showcase demonstrates Lindt's dedication to combining top-notch ingredients to create an outstanding chocolate indulgence. In addition, in August 2023, A Gift From Nature introduced Delta 9 Superfood Quinoa Bites enhanced with Sativa terpenes, offered in Vanilla Yeti and Chocolate Stardawg varieties. These snacks made with quinoa contain 4 mg of Delta 9 THC and 25 mg of CBD, along with other cannabinoids, creating a healthy snack for daytime consumption. Furthermore, advances in food processing methods and formulation technologies are allowing for the creation of quinoa-based products with better flavor, consistency, and shelf life, making them more attractive to a wider range of consumers.

Quinoa News

The report covers the latest developments, updates, and trends impacting the price of quinoa, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the quinoa price trend.

Latest developments in the quinoa industry:

• August 2023: Merchant Gourmet launched a new line of frozen Veg & Grains pouches, such as Mexican-Style Vegetables & Quinoa, created for convenient, healthy meals that can be prepared in four minutes. The goal of the pouches is to make it easier to eat healthily by providing tasty, plant-based choices that can be effortlessly combined with proteins.
• March 2024: NIÚKE Foods introduced its latest plant-based items, such as the groundbreaking Quinoa Milk, to provide creative, eco-friendly vegan choices for customers. Customers can purchase this product from May 1, 2024.
• June 2023: Washington State University and Brigham Young University introduced three fresh quinoa types, including Cougar, Shisha, and Gikungu, crafted to improve nutrition and food stability in Rwanda and other African nations. These types, created for their ability to produce large amounts and adjust to different conditions, were designed to flourish in a range of settings.

Product Description

Quinoa originates from the Andean region of South America and is praised for its outstanding nutritional content and adaptability in cooking. It is available in different varieties, including white, red, and black quinoa, each with distinct flavors and textures. It is produced by gathering the ripe seeds from the quinoa plant, which are then cleaned, dried, and de-saponifying to eliminate the saponin coating and prepare the seeds for eating or turning them into different products like flakes, flour, or puffed quinoa.

It is called a superfood, valued for its abundant protein levels, containing all nine required amino acids, and serving as a full protein source similar to animal proteins. It also contains abundant dietary fiber, vitamins (especially B vitamins and vitamin E), and key minerals like magnesium, iron, and zinc. It plays an important role in sustainable farming because it can thrive in various climates and unfertile soil with little water.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the quinoa price trend. 

Global Quinoa Price

The report offers a holistic view of the global quinoa pricing trends in the form of quinoa price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of quinoa, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed quinoa demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Quinoa Price

European quinoa prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

Detailed price information for quinoa can also be provided for an extensive list of European countries.

North America Quinoa Price

The analysis of quinoa prices in North America delves into the regional industry dynamics, encompassing the impact of local production and the trade flows between North America and other significant global markets.

Specific quinoa historical data within the United States and Canada can also be provided.

Middle East and Africa Quinoa Price

The report explores the quinoa pricing trends in the Middle East and Africa, considering factors like the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Quinoa Price

The quinoa pricing trends in the Asia Pacific are examined, reflecting the role of the region as a major global producer and consumer of agricultural products, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This quinoa price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Quinoa Price

The analysis of quinoa prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, agricultural output, and trade frameworks.

This comprehensive review can be extended to include specific countries within Latin America.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of quinoa pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting quinoa price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The quinoa price charts ensure our clients remain at the forefront of the industry.