As per this study the Global Amaranth Market was valued USD XX MN (by revenue) in 2019 and is anticipated to reach USD XX MN by 2026 with a CAGR of XX%. By volume, the market was estimated XX KT in 2019 and is expected to reach XX KT by 2026 with a CAGR of XX%.
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.
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.
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.
- Amaranth Seed
- Amaranth Oil
- Amaranth Leaf
- Amaranth Flour
- Food & Beverages
- Personal care
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 Amaranth Bio Company, AMR Amaranth a.s, D.K. Mass S.R.O, Flaveko Trade Spol. S.R.O, Flavex Naturextracte Gmbh, General Mills, Inc, Nu-World Foods, Proderna Biotech, Rusoliva Pvt. Ltd, Saar and Viral International. 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.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.