The market for buckwheat seeds is predicted to reach US$ 38.42 million in 2032 and grow at a robust 4.0 percent CAGR from 2022 to 2032.
For its grain-like seed and as a cover crop, buckwheat is grown (planted to manage soil erosion and soil fertility). Pseudo-cereals like buckwheat seeds are rich in complex carbohydrates. Buckwheat seeds are widely employed in the food sector to produce goods for consumers who are allergic to gluten due to their high complex carbohydrate content and gluten-free nature.
Lysine and arginine, two important amino acids that are lacking in most cereal crops, are abundant in buckwheat seeds. By reducing hunger, buckwheat seed aids in managing weight loss. Magnesium, which helps control blood pressure, is abundant in buckwheat seeds.
Due to its varied uses, the market for buckwheat seeds is growing.
The food and beverage business, the feed sector, the cosmetics, and personal care industry, and others all employ buckwheat seed as a vital component. Because consumers are experiencing skin issues and hair loss due to a variety of factors, including aging, poor diet, and environmental factors like pollution and rising temperatures, buckwheat seed is in higher demand in the cosmetic and personal care industries. This increased consumer interest in buckwheat seed is helping manufacturers operating in the buckwheat seed market to make more money.
According to the WHO (World Health Organization), cardiovascular disease accounts for 31% of deaths worldwide. According to this, customers have a greater chance of developing cardiovascular disease, which is why they are gravitating toward low-fat foods and other healthy sources of food like buckwheat seed, which is low in fat and high in fiber and complex carbs. Due to consumer awareness of healthy foods and concern about protein, carbohydrate, and fat consumption, buckwheat seed is now also utilized in the management of weight reduction. This increases buckwheat seed consumption and boosts manufacturers’ profits.
Opportunities for Buckwheat Seed Market Participants
Manufacturers should attempt to offer buckwheat seed at a competitive price as there is growing rivalry among them.
To appeal to health-conscious customers, producers should offer unpolished and organic buckwheat seeds. Additionally, they may offer polished buckwheat seeds to draw in a select group of new buyers who value product appearance.
In addition to price, the makers might provide the goods both unpackaged and loose. Consumers could be bought off by manufacturers working in this industry by giving them gifts together with the product.