What is Global Sacha Inchi Market?
The Global Sacha Inchi Market is a fascinating and rapidly growing sector that has caught the attention of many. Sacha Inchi, also known as the Inca peanut, is a plant native to the Amazon Rainforest and the high Andes Mountains of Peru. The seeds of this plant are rich in protein, omega-3, -6, and -9, alpha-tocopherol vitamin E, carotenoids (vitamin A), and fiber, making it a highly sought-after superfood. The global market for Sacha Inchi was valued at a substantial US$ 95 million in 2022. This value is expected to increase significantly, reaching an estimated US$ 131.5 million by 2029. This growth trajectory, which represents a Compound Annual Growth Rate (CAGR) of 4.7% from 2023 to 2029, is a testament to the increasing popularity and demand for this superfood. It's worth noting that the top five manufacturers in this market hold a share of about 30%, indicating a relatively concentrated market.
Powder, Oil, Other in the Global Sacha Inchi Market:
The Global Sacha Inchi Market is segmented into various product types, including powder, oil, and others. Among these, the powder form of Sacha Inchi holds the largest market share, accounting for over 45%. This dominance can be attributed to the versatility and convenience of the powder form. It can be easily incorporated into a variety of food products, dietary supplements, and even cosmetics, making it a preferred choice for many consumers and manufacturers. The oil form of Sacha Inchi, on the other hand, is also gaining traction due to its high omega-3 content and potential health benefits. However, data for the 'other' segment of the market is currently unavailable.
Food and Beverages, Pharmaceuticals, Cosmetics, Others in the Global Sacha Inchi Market:
The usage of Sacha Inchi is widespread and spans across various sectors including food and beverages, pharmaceuticals, cosmetics, and others. In the food and beverage industry, Sacha Inchi is used in a variety of products such as snacks, protein bars, and health drinks due to its high nutritional value. In the pharmaceutical sector, it is used in the production of dietary supplements for its potential health benefits such as improving heart health, reducing inflammation, and supporting weight loss. The cosmetics industry also utilizes Sacha Inchi oil in various products for its skin and hair benefits. The oil is rich in omega-3 fatty acids, which are known to nourish and moisturize the skin, making it a popular ingredient in skincare products. As for the 'others' sector, Sacha Inchi is used in various other applications, but specific data is currently unavailable.
Global Sacha Inchi Market Outlook:
To rephrase the market outlook for the Global Sacha Inchi Market, it can be said that the market is on a positive growth trajectory. As of 2022, the market was valued at US$ 95 million and is projected to grow at a CAGR of 4.7% from 2023 to 2029, reaching an estimated value of US$ 131.5 million. This growth is driven by the increasing demand for superfoods and the versatile applications of Sacha Inchi in various sectors. The market is somewhat concentrated, with the top five manufacturers holding a 30% market share. In terms of product segmentation, Sacha Inchi powder holds the lion's share, accounting for over 45% of the market.
| Report Metric | Details |
| Report Name | Sacha Inchi Market |
| Accounted market size in 2022 | US$ 95 in million |
| Forecasted market size in 2029 | US$ 131.5 million |
| CAGR | 4.7% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Roda Selva, Amazon Health Products, Agroindustrias Amazonicas, Agroindustrias Osho, Imlak’Esh Organics, NP Nutra, Ecommodities, Ikeda Bartlett, Oriental Inchaway, MaïSavanhLao, Nathan, Yinqi Biological Resources Development |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
