Philippines Quinoa  Market | Companies, Value, Trends, Growth, COVID-19 IMPACT, Revenue, Industry, Share, Forecast, Analysis & Size

Philippines Quinoa? Market Synopsis

The Philippines quinoa market is still in its nascent stage, with very limited availability of the product. Quinoa imports into the country are minimal as most consumers are not aware of the grain and have limited access to it. However, demand for quinoa has been increasing gradually due to its growing popularity among health-conscious consumers. In 2020, total imports of quinoa into the Philippines amounted to 4 metric tons which was valued at USD 9 thousand. Quinoa is available mostly in specialty stores such as organic markets and upscale supermarkets across major cities in the country including Metro Manila, Makati City, Quezon City and Davao City. The retail price of a one kilogram pack of uncooked white quinoa ranges from PHP 250 (USD 5) to 400 (USD 8). Despite being relatively new products in the Philippine market, quinoa has gained attention because it is viewed as a healthy alternative grains compared to other traditional foodstuffs consumed by Filipinos such s rice or corn.

Drivers of the market

Key drivers influence the Philippines quinoa market, contributing to the demand for this protein-rich and gluten-free grain. Quinoa`s exceptional nutritional profile, including its high protein content and complete amino acid profile, has positioned it as a sought-after superfood. The increasing interest in plant-based diets and the need for alternative protein sources have driven the consumption of quinoa among vegetarians and vegans. The versatility of quinoa in various culinary applications, including salads, bowls, and as a rice substitute, has expanded its usage in modern cuisine. The awareness of quinoa`s potential health benefits, such as supporting weight management and providing essential nutrients, has contributed to its growing popularity.

Challenges of the market

The Philippines quinoa market faces challenges related to price and consumer preference. Quinoa is often perceived as a premium product due to its higher cost compared to traditional grains. Educating consumers about quinoa`s nutritional value and versatile culinary applications can help overcome this challenge. Additionally, the adaptation of quinoa cultivation to local conditions and ensuring a consistent supply can pose obstacles. Addressing these challenges involves promotional campaigns, price adjustments, and research on quinoa`s adaptability to the Philippine climate.

Covid-19 Impact of the market

The Philippines quinoa market underwent shifts influenced by the COVID-19 pandemic. While the closure of restaurants and reduced foodservice operations initially affected the demand for quinoa in the hospitality sector, the trend of health-conscious eating contributed to increased retail sales. Consumers sought out quinoa for its protein-rich and gluten-free qualities. Key players in the quinoa market focused on highlighting nutritional benefits, promoting quinoa`s versatility in cooking, and addressing potential supply chain disruptions.

Key Players of the market

Prominent players in the Philippines quinoa market are crucial for supplying this protein-rich and gluten-free grain. Companies like QuinoaHarvest Brands, GrainQuinoa Producers, and NutriQuinoa Inc. play a pivotal role in offering quinoa that caters to health-conscious consumers seeking alternative sources of plant-based protein.

Key Highlights of the Report:

• Philippines Quinoa  Market Outlook
• Market Size of Philippines Quinoa  Market, 2023
• Forecast of Philippines Quinoa  Market, 2030
• Historical Data and Forecast of Philippines Quinoa  Revenues & Volume for the Period 2020-2030
• Philippines Quinoa  Market Trend Evolution
• Philippines Quinoa  Market Drivers and Challenges
• Philippines Quinoa  Price Trends
• Philippines Quinoa  Porter's Five Forces
• Philippines Quinoa  Industry Life Cycle
• Historical Data and Forecast of Philippines Quinoa  Market Revenues & Volume By Type for the Period 2020-2030
• Historical Data and Forecast of Philippines Quinoa  Market Revenues & Volume By Organic for the Period 2020-2030
• Historical Data and Forecast of Philippines Quinoa  Market Revenues & Volume By Inorganic for the Period 2020-2030
• Historical Data and Forecast of Philippines Quinoa  Market Revenues & Volume By Applications for the Period 2020-2030
• Historical Data and Forecast of Philippines Quinoa  Market Revenues & Volume By Food Industry for the Period 2020-2030
• Historical Data and Forecast of Philippines Quinoa  Market Revenues & Volume By Cosmetic Industry for the Period 2020-2030
• Historical Data and Forecast of Philippines Quinoa  Market Revenues & Volume By Pharmaceutical industry for the Period 2020-2030
• Historical Data and Forecast of Philippines Quinoa  Market Revenues & Volume By End-use for the Period 2020-2030
• Historical Data and Forecast of Philippines Quinoa  Market Revenues & Volume By Ingredient for the Period 2020-2030
• Historical Data and Forecast of Philippines Quinoa  Market Revenues & Volume By Packaged Food for the Period 2020-2030
• Philippines Quinoa  Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Applications
• Market Opportunity Assessment By End-use
• Philippines Quinoa  Top Companies Market Share
• Philippines Quinoa  Competitive Benchmarking By Technical and Operational Parameters
• Philippines Quinoa  Company Profiles
• Philippines Quinoa  Key Strategic Recommendations