Global Sacha Inchi Market Report and Forecast 2024-2032

Global Sacha Inchi Market Outlook

The global sacha inchi market witnessed a healthy growth in the historical period of 2018-2023, driven by the rising demand for superfoods. The market is further expected to grow at a CAGR of 4% in the forecast period of 2024-2032.

Expanding Applications of Different Sacha Inchi Forms Driving the Market Growth

Sacha inchi, being a rich source of omega-3, along with other essential nutrients, offers a variety of benefits and is often marketed as a superfood. It is commonly consumed as a snack or added to a variety of dishes. While the whole seeds are often consumed after being roasted, the ground seeds are used as an ingredient in protein powder and other food products. The pressed oil can also be obtained from the seeds, which is further utilised cooking or in dietary supplements.

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Latin America to Account for a Significant Share in the Global Sacha Inchi Market

Region-wise, Latin America is expected to account for a significant share in the market over the forecast period due to the high cultivation of the plant in the region. The other regions which are expected to contribute to the market growth are Europe and North America. The market is expanding in the developed regions owing to the increased penetration of the key players, while the developing regions are expected to provide enhanced opportunities to the manufacturers to target potential consumers and expand their global reach in the coming years.

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Sacha Inchi: Market Segmentation

Sacha inchi, also called Plukenetia volubilis, is a perennial plant that is native to much of the tropical South America and some of the areas in Windward Islands in the Caribbean. It is commonly known as sacha or mountain peanut, and Inca nut or Inca-peanut, among other names. It produces a star-shaped fruit. It is a rich source of omega-3 and omega-6 fatty acids. It also contains nutrients like protein, vitamin E, and beta-sitosterol, among others.

Based on type, the market is divided into:

• Natural
• Organic

On the basis of form, the industry can be segmented into:

• Powder
• Oil
• Seeds
• Others

Based on application, the industry can be categorised into:

• Pharmaceuticals
• Cosmetics
• Personal Care
• Food and Beverages
• Dietary Supplements
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Rising Health Awareness to Bolster the Growth of the Sacha Inchi Market

The rising health awareness among the consumers is pushing the growth of the sacha inchi industry forward. The growing demand for protein-rich food products and supplements is aiding the industry growth. The several health benefits of sacha inchi are driving its demand in the food and beverages industry, as well as in cosmetics sector to produce face oil, face cream, or hair oil. Moreover, the growing research and development activities regarding the health benefits of the product is resulting in enhanced demand for the product from various end-use industries. The factors like rising disposable incomes and the growing retail sector are also contributing to the industry growth.

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The growing demand for vegan, as well as organic products, is expected to provide a further boost to the industry over the forecast period. This is expected to have a positive effect on the expansion of the global sacha inchi market.

Key Industry Players in the Global Sacha Inchi Market

The report gives a detailed analysis of the following key players in the global sacha inchi market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Imlak' esh Organics Inc. 
• Maï Savanh Lao 
• Herbs America, Inc. 
• NP Nutra 
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report