The new report by Expert Market Research titled, ‘Global Sacha Inchi Market Price, Share, Size, Growth, Trends, Report and Forecast 2023-2028’, gives an in-depth analysis of the global sacha inchi market, assessing the market based on its segments like types, forms, applications, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Sacha Inchi Market Size, Share, Trends, Industry, Key Player, Report and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 4%
The increasing application of sacha inchi oil in various industries is driving the market growth. Downstream products of sacha inchi oil are used in the cosmetics industry for nourishment of skin and to support the integrity of cell membrane. In this regard, the increasing sales of skin-care products is boosting the demand for sacha inchi.
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Moreover, the oil form of sacha inchi is used as an alternative source of natural antioxidant in the pharmaceutical industry. This factor, in the forecast period, is anticipated to support the growth of sacha inchi market. Geographically, the Asia Pacific region accounts for a significant share in the market owing to the heightened demand for beauty and skin-care products.
Sacha Inchi Industry Definition and Major Segments
Sacha Inchi, commonly known as mountain peanut, is defined as perennial plant which produces large edible seeds. The nutritional profile of the seed includes omega-3 and omega-6 fatty acids, protein, and antioxidants. The seeds of the plant are roasted or powdered and are used in various food products. Moreover, these seeds come with significant health benefits.
On the basis of type, the market can be bifurcated into:
The market can be broadly categorised on the basis of form into:
The significant applications of the product include:
• Personal Care
• Food and Beverages
• Dietary Supplements
The regional markets for sacha inchi include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Sacha Inchi Market Trends
The powder or roasted seeds of sacha inchi is witnessing a heightened demand in the food industry owing to the various health benefits including improved cholesterol levels, enhanced health of gut, and promotion of weight loss, among others. In this regard, the increasing sales of sacha inchi-based food products through the online sales channels is likely to be a key trend in the market.
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Moreover, the increasing awareness about the healthy sacha inchi recipes such as flaxseed crackers, and flaxseed brownies, among others is likely to be another crucial trend in the market. Furthermore, the growing R&D activities in the pharmaceutical industry are anticipated to offer lucrative opportunities to the market in the coming years.
Key Market Players
The major players in the Sacha Inchi Market report are :
• Imlak’ esh Organics Inc.
• Maï Savanh Lao
• Herbs America, Inc.
• NP Nutra
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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