Packaged Chia Seed Market - By Product Type (White Chia Seed, Black Chia Seed, & Brown Chia Seed), By Application (Food & Beverages, Pharmaceuticals, Personal Care & Cosmetics, & Others), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retailer, & Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2021-2026
Packaged Chia Seed Market Overview
Packaged Chia Seed Market size is estimated to reach $3,700 million by 2026, growing at a CAGR of 6.1% over 2021-2026. Chia seeds packaging is protected with multiple layers that help to provide energy and nutritional value. Chia seed contains antioxidants, omega-3 fatty acids, iron, calcium and many more. Chia seeds are used in variety of food products such as seed mixes, breakfast cereals, baking products. Chia seeds are very helpful to maintain blood sugar, improve metabolism and reduce heart diseases. Chia seeds are naturally a gluten free diet and are very helpful to gluten intolerant people. Chia seed provides several nutrients with high potential as nutraceuticals compounds which are very beneficial for human health. Chia seed is also known as functional foods as it contains omega3 fatty acids that are helpful for cardiovascular disease. Growing awareness about the health among people and rising demand for ancient grains is the major factor driving the growth of packaged chia seed market. Furthermore, growing demand for natural food ingredients in food and beverage industry and rising preference towards organic and gluten-free products is set to further enhance the overall market demand for Global Packaged Chia Seed Market for the period 2021-2026.
Report Coverage
The report: “Packaged Chia Seed Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Global Packaged Chia Seed Market.
By Product Type: White Chia Seed, Black Chia Seed, and Brown Chia Seed.
By Application: Food and Beverages, Pharmaceuticals, Personal Care & Cosmetics, and Others.
By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Online Retailer, and Others.
By Geography: North America (U.S., Canada, Mexico), Europe (U.K, Germany, Italy, France, Spain, Russia, Rest of Europe), Asia Pacific (China, Australia, Japan, South Korea, India, Rest of Asia Pacific), South America (Brazil, Argentina, Others) and Rest of the World (Middle East, Africa).
Key Takeaways
- In 2020, North America dominated the Global Packaged Chia Seed Market owing to changing lifestyle among consumers that increases the demand of chia seed as it is gluten considered as gluten-free diet. Moreover, rising prevalence of heart diseases increases the consumption of chia seeds which in turn driving the market growth.
- Growing awareness about the health among people and rising demand for ancient grains are enhancing the growth of the Global Packaged Chia Seed Market.
- Detailed analysis of the Strength, Weakness, and Opportunities of the prominent manufacturers operating in the market will be provided in the Global Packaged Chia Seed Market report.
- High cost associated with chia seeds is set to create hurdles for the Global Packaged Chia Seed Market.
Packaged Chia Seed Market Size, By Application 2020-2026 (USD Million)
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Packaged Chia Seed Segment Analysis – By Product Type
The Global Packaged Chia Seed Market based on Product Type can be further segmented into White Chia Seed, Black Chia Seed, and Brown Chia Seed. The Black Chia Seed segment is the major segment generating revenue in 2020. Black chia seed is small in size and contains more protein that rises the preference of black chia seed among health conscious people. Moreover, black chia seed are mostly used in food and beverage industry owing to its benefits about health that rising the adoption of chia seeds among consumers. The White Chia Seed segment is estimated to register the fastest CAGR of 7.5% for the period 2021-2026. This is mainly owing to its mild flavor and unique texture that attract consumers for consuming white chia seeds. Moreover, white chia seeds are rich in fiber and helps to improve metabolism that rising the demand of white chia seeds among consumers which in turn boosting the growth of Global Packaged Chia Seed market.
Packaged Chia Seed Segment Analysis – By Application
The Global Packaged Chia Seed Market based on Application can be further segmented into Food and Beverages, Pharmaceuticals, Personal Care & Cosmetics, and Others. The Food and Beverages segment registers for the highest Global Packaged Chia Seed market share in 2020. This is mainly owing to the rising consumption of chia seeds in bakery products, peanut butter, breakfast cereals and many more. Moreover, growing trends of consuming gluten free products in food and beverage industry rising the preference of chia seeds. The Pharmaceuticals segment is forecasted to register the fastest CAGR of 8.1% over 2021-2026. This is mainly owing to the fact that chia seeds are used various health benefits such as cardiovascular diseases that increases the production of chia seeds in the form of capsules in pharmaceutical industry and are thus propelling the growth of Global Packaged Chia Seed Market.
Packaged Chia Seed Segment Analysis – By Geography
North America dominated the Global Packaged Chia Seed Market with major share of 45% in 2020. This is owing to changing lifestyle among consumers that increases the demand of chia seed as it is gluten considered as gluten-free diet. Moreover, rising prevalence of heart diseases increases the consumption of chia seeds which in turn driving the market growth. The American Heart Association recommends to add omega-3 foods in diets as it helps to reduce heart related diseases that increases the consumption of chia seeds among population and are boosting the growth of Global Packaged Chia Seed Market.
However, Asia Pacific is estimated to outpace all the regions by clocking the highest CAGR of 3.05% during the forecast period 2021-2026 owing to rising health consciousness among population and changing lifestyle. In India, lifestyle changes increase the prevalence of various diseases such as diabetes, blood pressure, obesity, and cardiovascular problems. So, people are adopting gluten free products such as chia seeds that are further enhancing the market growth.
Packaged Chia Seed Market Drivers
Growing Awareness about the Health
Growing health consciousness among people increases the consumption of chia seeds as it is rich in antioxidants and excellent source of omega-3 fatty acids. Moreover, trends of organic consuming organic products among consumers as they are free from pesticides and toxic fertilizers that are beneficial for health and growing trends of consuming vegan products also increasing the preference of chia seeds and therefore rising the growth of the Global Packaged Chia Seed Market over the period 2021-2026.
Rising Demand of Ancient Grains
The ancient grains and multi cereal based products are rising popularity among population is a major factor driving the market growth. Moreover, ancient grains are low processed that are very beneficial for health which increases the demand of ancient grains among people which further boosting the growth of Global Packaged Chia Seed Market over the period 2021-2026.
Covid-19 Impact:
COVID-19 pandemic had greatly impacted the growth of Global Packaged Chia Seed Market. During pandemic, there is a lockdown that created a disruption in supply chain and the manufacturing industries owing to less availability of human resources. Moreover, production capacity also decreases among manufacturers and are negatively impacted the growth of Global Packaged Chia Seed Market.
Packaged Chia Seed Market Challenges
High Cost Associated with Chia Seeds
The factors that are set to impede the growth of the Global Packaged Chia Seed Market are the high cost of chia seeds owing to rising price fluctuation that is set to create hurdles for the Global Packaged Chia Seed Market.
Packaged Chia Seed Landscape
Product launches, acquisitions, collaboration, joint ventures, and geographical expansions are key strategies adopted by players in the Global Packaged Chia Seed Market. Global Packaged Chia Seed top 10 companies are utiva Inc., The Hain Celestial Group Inc., Vega Produce LLC, Nutriwish, Newtree, Glanbia plc, Navitas Organics, Mamma Chia LLC, Mother India Organics and Naturals Pvt. Ltd.
Developments
- In February 2020, Mamma Chia launched Organic Chia milk, a dairy-free, plant-based milk alternative made from nutrient-rich chia seeds.
- In 2019, Glanbia Plc. has partnership with food, beverage and supplement companies to deliver protein, plant-based nutrition, bioactive, premix, flavour, bakery.
Relevant Reports:
Report Code: FBR 0047
Report Code: FBR 61765
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1. Packaged Chia Seed Market Overview
1.1 Definitions and Scope
2. Packaged Chia Seed Market Executive Summary
2.1 Market Size and Key Trends
2.2 Key trends by Type
2.3 Key trends by Application
2.4 Key trends by Distribution Channel
2.5 Key trends by Geography
3. Packaged Chia Seed Market Landscape
3.1 Market Share Analysis- Key Companies
3.2 Product Benchmarking- Key Companies
3.3 Financial Analysis - Key Companies
3.4 Patent Analysis
3.5 Pricing Analysis
4. Packaged Chia Seed Market - Startup companies Scenario Premium Premium
4.1 Key startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Application Analysis
4.1.4 Venture Capital and Funding Scenario
5. Packaged Chia Seed Market - Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case Studies of successful ventures
6. Packaged Chia Seed Market Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Customers
6.3.3 Threat of New Entrants
6.3.4 Rivalry Among Existing Players
6.3.5 Threat of Substitutes
7. Packaged Chia Seed Market Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Packaged Chia Seed Market – By Type (Market Size -$Million/$Billion)
8.1 White Chia Seed
8.2 Black Chia Seed
8.3 Brown Chia Seed
9. Packaged Chia Seed Market– By Application (Market Size -$Million/$Billion)
9.1 Food and Beverages
9.2 Pharmaceuticals
9.3 Personal Care & Cosmetics
9.4 Others
10. Packaged Chia Seed Market– By Distribution Channel (Market Size -$Million/$Billion)
10.1 Supermarkets/Hypermarkets
10.2 Convenience Stores
10.3 Online Retailer
10.4 Others
11. Packaged Chia Seed Market- By Geography (Market Size -$Million/$Billion)
11.1 North America
11.1.1 U.S.
11.1.2 Canada
11.1.3 Mexico
11.2 Europe
11.2.1 U.K.
11.2.2 Germany
11.2.3 Italy
11.2.4 France
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Asia-Pacific
11.3.1 China
11.3.2 Australia
11.3.3 Japan
11.3.4 South Korea
11.3.5 India
11.3.6 Rest of Asia-Pacific
11.4 South America
11.4.1 Brazil
11.4.2 Argentina
11.4.3 Others
11.5 Rest of the World
11.5.1 Middle East
11.5.2 Africa
12. Packaged Chia Seed Market Entropy
13. Packaged Chia Seed Market- Industry / Segment Competition landscape Premium Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Key companies
13.1.2 Market Share by Region- Key companies
13.1.3 Market Share at Global Level- Key companies
13.1.4 Competition Matrix
13.1.5 Best Practices for Companies
14. Packaged Chia Seed Market- Key Company List by Country Premium Premium
15. Packaged Chia Seed Market Company Analysis
15.1 Company Revenue, Products, M&A, Developments
15.2 Company 1
15.3 Company 2
15.4 Company 3
15.5 Company 4
15.6 Company 5
15.7 Company 6
15.8 Company 7
15.9 Company 8
15.10 Company 9
15.11 Company 10
"*Financials for private companies would be provided on a best efforts basis”.
LIST OF TABLES
1.Global MARKET SEGMENTATION Market 2019-2024 ($M)1.1 BY PRODUCT TYPE Market 2019-2024 ($M) - Global Industry Research
1.1.1 WHITE Market 2019-2024 ($M)
1.1.2 BLACK Market 2019-2024 ($M)
1.1.3 BROWN Market 2019-2024 ($M)
1.2 BY DISTRIBUTION CHANNEL Market 2019-2024 ($M) - Global Industry Research
1.2.1 SUPERMARKET Market 2019-2024 ($M)
1.2.2 HYPERMARKET Market 2019-2024 ($M)
1.2.3 CONVENIENCE STORES Market 2019-2024 ($M)
1.2.4 ONLINE Market 2019-2024 ($M)
1.3 BY GEOGRAPHY Market 2019-2024 ($M) - Global Industry Research
1.3.1 NORTH AMERICA Market 2019-2024 ($M)
1.3.2 EUROPE Market 2019-2024 ($M)
1.3.3 ASIA-PACIFIC Market 2019-2024 ($M)
1.3.4 SOUTH AMERICA Market 2019-2024 ($M)
1.3.5 AFRICA Market 2019-2024 ($M)
2.Global COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
2.1 MOST ACTIVE COMPANIES IN THE PAST FIVE YEARS Market 2019-2024 ($M) - Global Industry Research
2.2 MARKET SHARE ANALYSIS Market 2019-2024 ($M) - Global Industry Research
3.Global MARKET SEGMENTATION Market 2019-2024 (Volume/Units)
3.1 BY PRODUCT TYPE Market 2019-2024 (Volume/Units) - Global Industry Research
3.1.1 WHITE Market 2019-2024 (Volume/Units)
3.1.2 BLACK Market 2019-2024 (Volume/Units)
3.1.3 BROWN Market 2019-2024 (Volume/Units)
3.2 BY DISTRIBUTION CHANNEL Market 2019-2024 (Volume/Units) - Global Industry Research
3.2.1 SUPERMARKET Market 2019-2024 (Volume/Units)
3.2.2 HYPERMARKET Market 2019-2024 (Volume/Units)
3.2.3 CONVENIENCE STORES Market 2019-2024 (Volume/Units)
3.2.4 ONLINE Market 2019-2024 (Volume/Units)
3.3 BY GEOGRAPHY Market 2019-2024 (Volume/Units) - Global Industry Research
3.3.1 NORTH AMERICA Market 2019-2024 (Volume/Units)
3.3.2 EUROPE Market 2019-2024 (Volume/Units)
3.3.3 ASIA-PACIFIC Market 2019-2024 (Volume/Units)
3.3.4 SOUTH AMERICA Market 2019-2024 (Volume/Units)
3.3.5 AFRICA Market 2019-2024 (Volume/Units)
4.Global COMPETITIVE LANDSCAPE Market 2019-2024 (Volume/Units)
4.1 MOST ACTIVE COMPANIES IN THE PAST FIVE YEARS Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 MARKET SHARE ANALYSIS Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America MARKET SEGMENTATION Market 2019-2024 ($M)
5.1 BY PRODUCT TYPE Market 2019-2024 ($M) - Regional Industry Research
5.1.1 WHITE Market 2019-2024 ($M)
5.1.2 BLACK Market 2019-2024 ($M)
5.1.3 BROWN Market 2019-2024 ($M)
5.2 BY DISTRIBUTION CHANNEL Market 2019-2024 ($M) - Regional Industry Research
5.2.1 SUPERMARKET Market 2019-2024 ($M)
5.2.2 HYPERMARKET Market 2019-2024 ($M)
5.2.3 CONVENIENCE STORES Market 2019-2024 ($M)
5.2.4 ONLINE Market 2019-2024 ($M)
5.3 BY GEOGRAPHY Market 2019-2024 ($M) - Regional Industry Research
5.3.1 NORTH AMERICA Market 2019-2024 ($M)
5.3.2 EUROPE Market 2019-2024 ($M)
5.3.3 ASIA-PACIFIC Market 2019-2024 ($M)
5.3.4 SOUTH AMERICA Market 2019-2024 ($M)
5.3.5 AFRICA Market 2019-2024 ($M)
6.North America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
6.1 MOST ACTIVE COMPANIES IN THE PAST FIVE YEARS Market 2019-2024 ($M) - Regional Industry Research
6.2 MARKET SHARE ANALYSIS Market 2019-2024 ($M) - Regional Industry Research
7.South America MARKET SEGMENTATION Market 2019-2024 ($M)
7.1 BY PRODUCT TYPE Market 2019-2024 ($M) - Regional Industry Research
7.1.1 WHITE Market 2019-2024 ($M)
7.1.2 BLACK Market 2019-2024 ($M)
7.1.3 BROWN Market 2019-2024 ($M)
7.2 BY DISTRIBUTION CHANNEL Market 2019-2024 ($M) - Regional Industry Research
7.2.1 SUPERMARKET Market 2019-2024 ($M)
7.2.2 HYPERMARKET Market 2019-2024 ($M)
7.2.3 CONVENIENCE STORES Market 2019-2024 ($M)
7.2.4 ONLINE Market 2019-2024 ($M)
7.3 BY GEOGRAPHY Market 2019-2024 ($M) - Regional Industry Research
7.3.1 NORTH AMERICA Market 2019-2024 ($M)
7.3.2 EUROPE Market 2019-2024 ($M)
7.3.3 ASIA-PACIFIC Market 2019-2024 ($M)
7.3.4 SOUTH AMERICA Market 2019-2024 ($M)
7.3.5 AFRICA Market 2019-2024 ($M)
8.South America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
8.1 MOST ACTIVE COMPANIES IN THE PAST FIVE YEARS Market 2019-2024 ($M) - Regional Industry Research
8.2 MARKET SHARE ANALYSIS Market 2019-2024 ($M) - Regional Industry Research
9.Europe MARKET SEGMENTATION Market 2019-2024 ($M)
9.1 BY PRODUCT TYPE Market 2019-2024 ($M) - Regional Industry Research
9.1.1 WHITE Market 2019-2024 ($M)
9.1.2 BLACK Market 2019-2024 ($M)
9.1.3 BROWN Market 2019-2024 ($M)
9.2 BY DISTRIBUTION CHANNEL Market 2019-2024 ($M) - Regional Industry Research
9.2.1 SUPERMARKET Market 2019-2024 ($M)
9.2.2 HYPERMARKET Market 2019-2024 ($M)
9.2.3 CONVENIENCE STORES Market 2019-2024 ($M)
9.2.4 ONLINE Market 2019-2024 ($M)
9.3 BY GEOGRAPHY Market 2019-2024 ($M) - Regional Industry Research
9.3.1 NORTH AMERICA Market 2019-2024 ($M)
9.3.2 EUROPE Market 2019-2024 ($M)
9.3.3 ASIA-PACIFIC Market 2019-2024 ($M)
9.3.4 SOUTH AMERICA Market 2019-2024 ($M)
9.3.5 AFRICA Market 2019-2024 ($M)
10.Europe COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
10.1 MOST ACTIVE COMPANIES IN THE PAST FIVE YEARS Market 2019-2024 ($M) - Regional Industry Research
10.2 MARKET SHARE ANALYSIS Market 2019-2024 ($M) - Regional Industry Research
11.APAC MARKET SEGMENTATION Market 2019-2024 ($M)
11.1 BY PRODUCT TYPE Market 2019-2024 ($M) - Regional Industry Research
11.1.1 WHITE Market 2019-2024 ($M)
11.1.2 BLACK Market 2019-2024 ($M)
11.1.3 BROWN Market 2019-2024 ($M)
11.2 BY DISTRIBUTION CHANNEL Market 2019-2024 ($M) - Regional Industry Research
11.2.1 SUPERMARKET Market 2019-2024 ($M)
11.2.2 HYPERMARKET Market 2019-2024 ($M)
11.2.3 CONVENIENCE STORES Market 2019-2024 ($M)
11.2.4 ONLINE Market 2019-2024 ($M)
11.3 BY GEOGRAPHY Market 2019-2024 ($M) - Regional Industry Research
11.3.1 NORTH AMERICA Market 2019-2024 ($M)
11.3.2 EUROPE Market 2019-2024 ($M)
11.3.3 ASIA-PACIFIC Market 2019-2024 ($M)
11.3.4 SOUTH AMERICA Market 2019-2024 ($M)
11.3.5 AFRICA Market 2019-2024 ($M)
12.APAC COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
12.1 MOST ACTIVE COMPANIES IN THE PAST FIVE YEARS Market 2019-2024 ($M) - Regional Industry Research
12.2 MARKET SHARE ANALYSIS Market 2019-2024 ($M) - Regional Industry Research
13.MENA MARKET SEGMENTATION Market 2019-2024 ($M)
13.1 BY PRODUCT TYPE Market 2019-2024 ($M) - Regional Industry Research
13.1.1 WHITE Market 2019-2024 ($M)
13.1.2 BLACK Market 2019-2024 ($M)
13.1.3 BROWN Market 2019-2024 ($M)
13.2 BY DISTRIBUTION CHANNEL Market 2019-2024 ($M) - Regional Industry Research
13.2.1 SUPERMARKET Market 2019-2024 ($M)
13.2.2 HYPERMARKET Market 2019-2024 ($M)
13.2.3 CONVENIENCE STORES Market 2019-2024 ($M)
13.2.4 ONLINE Market 2019-2024 ($M)
13.3 BY GEOGRAPHY Market 2019-2024 ($M) - Regional Industry Research
13.3.1 NORTH AMERICA Market 2019-2024 ($M)
13.3.2 EUROPE Market 2019-2024 ($M)
13.3.3 ASIA-PACIFIC Market 2019-2024 ($M)
13.3.4 SOUTH AMERICA Market 2019-2024 ($M)
13.3.5 AFRICA Market 2019-2024 ($M)
14.MENA COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
14.1 MOST ACTIVE COMPANIES IN THE PAST FIVE YEARS Market 2019-2024 ($M) - Regional Industry Research
14.2 MARKET SHARE ANALYSIS Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Global Packaged Chia Seed Market Revenue, 2019-2024 ($M)2.Canada Global Packaged Chia Seed Market Revenue, 2019-2024 ($M)
3.Mexico Global Packaged Chia Seed Market Revenue, 2019-2024 ($M)
4.Brazil Global Packaged Chia Seed Market Revenue, 2019-2024 ($M)
5.Argentina Global Packaged Chia Seed Market Revenue, 2019-2024 ($M)
6.Peru Global Packaged Chia Seed Market Revenue, 2019-2024 ($M)
7.Colombia Global Packaged Chia Seed Market Revenue, 2019-2024 ($M)
8.Chile Global Packaged Chia Seed Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Packaged Chia Seed Market Revenue, 2019-2024 ($M)
10.UK Global Packaged Chia Seed Market Revenue, 2019-2024 ($M)
11.Germany Global Packaged Chia Seed Market Revenue, 2019-2024 ($M)
12.France Global Packaged Chia Seed Market Revenue, 2019-2024 ($M)
13.Italy Global Packaged Chia Seed Market Revenue, 2019-2024 ($M)
14.Spain Global Packaged Chia Seed Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Packaged Chia Seed Market Revenue, 2019-2024 ($M)
16.China Global Packaged Chia Seed Market Revenue, 2019-2024 ($M)
17.India Global Packaged Chia Seed Market Revenue, 2019-2024 ($M)
18.Japan Global Packaged Chia Seed Market Revenue, 2019-2024 ($M)
19.South Korea Global Packaged Chia Seed Market Revenue, 2019-2024 ($M)
20.South Africa Global Packaged Chia Seed Market Revenue, 2019-2024 ($M)
21.North America Global Packaged Chia Seed By Application
22.South America Global Packaged Chia Seed By Application
23.Europe Global Packaged Chia Seed By Application
24.APAC Global Packaged Chia Seed By Application
25.MENA Global Packaged Chia Seed By Application
26.NUTIVA INC., Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.SESAJAL SA DE CV, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.SPECTRUM NATURALS, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.BENEXIA, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.CHIA BIA, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.VEGA PRODUCE LLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.MAMMA CHIA, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.NOW HEALTH GROUP INC., Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.AGROBOLIVIA, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.NATURKOST BELHR GMBH, Sales /Revenue, 2015-2018 ($Mn/$Bn)