As per this study the Global Amaranth Market was valued USD XX MN (by revenue) in 2022 and is anticipated to reach USD XX MN by 2030 with a CAGR of 12.3%. Regarding volume, the market was calculated XX Kilo Tons in 2022 and forecast to touch XX Kilo Tons by 2030 with a CAGR of XX% during 2023-2030.
Amaranth is an ancient crop used as a high protein grain or as a leafy vegetable and as a potential forage crop. It can also be grind into flour for use in bread, noodles, pancakes, cereals, granola, cookies, or other flour-based products. Also, it can be popped like popcorn or flaked like oatmeal. Amaranth has nutritional qualities such as high in fiber and low saturated fat. Amaranth crop also responds well in high sunlight and warm temperature.
Market Dynamics
The growing food processing industry along with increasing applications in the food industry is driving the market growth. Also, the shifting preference of consumers towards healthy and nutritional food is further boosting the market growth. In addition, the growing trend of natural ingredients in personal care and cosmetics is again fuelling the demand of amaranth. Moreover, increasing spiraling cultivation owing to the increasing demand for organic food across the globe is also expected to drive the market growth in upcoming years. On the other hand, high production cost associated with the amaranth may hamper the market growth at a certain level during the forecast period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of amaranth.
Market Segmentation
The broad amaranth market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product
- Amaranth Seed
- Amaranth Oil
- Amaranth Leaf
- Amaranth Flour
By Application
- Food & Beverages
- Personal Care
- Pharmaceuticals
- Others
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for amaranth in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Amaranth Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the Amaranth market include Proderna Biotech Pvt. Ltd., Irel Nans Products Pvt Ltd., AMR Amaranth A.S., Amaranth Nord, Dk Mass S.R.O, Nu-World Foods, RusOliva Pvt. Ltd, Flavex Naturextracte Gmbh, Spol S.R.O, Flaveko Trade Spol. S.R.O, Saar, and Amaranth Bio Company. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.