USD 5.89 billion
Report ID: SQMIG30H2080 | Region: Global | Published Date: July, 2023 | Pages: 157 | Tables: 65 | Figures: 75
Global Amaranth Market size was valued at USD 5.89 billion in 2021 and is poised to grow from USD 6.58 billion in 2022 to USD 15.94 billion by 2030, growing at a CAGR of 11.7% in the forecast period (2023-2030).
The global amaranth market is a rapidly growing market, driven by a combination of factors such as increasing awareness of the health benefits of amaranth, the rise of plant-based diets, and the growing demand for gluten-free and organic products. Amaranth is a highly nutritious pseudo-grain that is rich in protein, fibre, vitamins, and minerals, making it a popular ingredient in health foods and dietary supplements. One of the major drivers of the global amaranth market is the increasing awareness of the health benefits of amaranth. It is rich in protein, which is essential for building and repairing tissues in the body, and it also contains all nine essential amino acids. Additionally, amaranth is a good source of fibre, which promotes digestive health, and it is rich in vitamins and minerals, such as iron, calcium, and magnesium, making it a valuable ingredient in the production of healthy foods and supplements.
The rise of plant-based diets is another major driver of the global amaranth market. As consumers become more health-conscious and environmentally aware, they are increasingly turning to plant-based diets as a way to improve their health and reduce their carbon footprint. Amaranth is a popular ingredient in plant-based diets as it is a good source of protein, and it can be used in a variety of dishes, including breakfast cereals, baked goods, and snack bars. The growing demand for gluten-free and organic products is also driving the growth of the global amaranth market. Amaranth is a naturally gluten-free grain, making it a popular alternative to wheat and other grains for people with celiac disease or gluten intolerance. Additionally, amaranth is often grown using organic farming methods, making it a preferred choice for consumers who are looking for organic and sustainable food products.
Global Market Size
USD 5.89 billion
To get more reports on the above market click here to Buy The Report
Global Amaranth Market is segmented on the basis of product, application and region. By product, the market is segmented into amaranth grains, amaranth flour, amaranth leaves, and others. By application, market is segmented into food and beverage, cosmetics and personal care, pharmaceuticals, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Product
The largest segment of the global amaranth market is likely amaranth grains, as they are the most commonly consumed form of amaranth and are used in a variety of food products such as breakfast cereals, snacks, and baked goods. Amaranth grains are the most popular product type in the global amaranth market. These are small, gluten-free grains that are used in a variety of food products such as breakfast cereals, energy bars, and snacks. They are also used as a substitute for rice, quinoa, and other grains in various recipes. Amaranth grains are rich in protein, fiber, and minerals, making them a popular choice among health-conscious consumers.
The fastest-growing segment of the global amaranth market is amaranth flour. Amaranth flour is made by grinding amaranth grains into a fine powder. It is used in various baked goods such as bread, cakes, and cookies. Amaranth flour is gluten-free and has a nutty flavor, making it a popular choice among people with celiac disease or gluten intolerance.
Analysis by Application
The largest segment of the global amaranth market based on application is likely food and beverage. Amaranth grains and flour are widely used in various food products such as breakfast cereals, baked goods, snacks, and other processed foods. The increasing demand for plant-based and gluten-free food products is expected to drive the growth of the amaranth market in the food and beverage segment.
The fastest-growing segment of the global amaranth market is the cosmetics and personal care segment could be experiencing significant growth due to the increasing use of amaranth oil and extract in skincare and hair care products. Amaranth oil is rich in squalene, a natural moisturizing agent that helps improve skin hydration, while amaranth extract is known to have anti-inflammatory and antioxidant properties that may help protect the skin from environmental stressors.
To get detailed analysis on other segments, Request For Sample Report
North America is one of the largest markets for amaranth globally, with the United States being the largest contributor to the market's growth in the region. The increasing demand for healthy and plant-based food products is one of the major drivers of the market in North America. Amaranth is widely used in the United States as an ingredient in various food products, such as breakfast cereals, snack bars, and baked goods. The growing popularity of vegan and vegetarian diets in the region is also contributing to the demand for amaranth products as it is a plant-based protein source. In addition, the increasing prevalence of chronic diseases such as diabetes, obesity, and heart disease has led consumers to focus more on healthy eating habits, which has resulted in an increased demand for superfoods such as amaranth. North America is also home to some of the leading manufacturers and suppliers of amaranth, which further contributes to the growth of the market. The availability of amaranth-based products through various distribution channels, including supermarkets, health food stores, and e-commerce platforms, also makes it easily accessible to consumers in the region.
The fastest-growing region for the global amaranth market is likely to be Asia-Pacific. The Asia-Pacific region has a large population of health-conscious consumers who are increasingly adopting plant-based diets and looking for healthy and nutritious food products. This has led to an increase in demand for amaranth in the region. Amaranth has been used in traditional dishes in countries such as India, China, and Japan for many years. The increasing popularity of traditional cuisine in the region has further boosted the demand for amaranth. The Asia-Pacific region has seen a growing trend of gluten-free products due to the increasing awareness of gluten intolerance and celiac disease. As amaranth is gluten-free, it has become a popular ingredient in gluten-free products in the region. The availability of amaranth products has increased in the Asia-Pacific region with the growth of the health food industry. This has led to greater awareness and demand for amaranth in the region.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Increasing Demand for Plant-based Protein
Limited Availability and High Cost
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
The global amaranth market is highly fragmented and competitive, with many small and medium-sized players operating in the industry. The key players are focusing on product innovation, expanding their distribution networks, and entering into strategic partnerships to gain a competitive advantage in the market. For instance, Ardent Mills recently launched a new amaranth flour as part of their product portfolio, while Inca Worldwide announced a partnership with Colombian farmers to increase the production of amaranth in the country. The market is also characterized by a large number of regional and local players, particularly in developing countries where amaranth is traditionally consumed. These players offer a range of amaranth-based products, including snacks, cereals, and bakery products, catering to local tastes and preferences.
Top Player’s Company Profiles
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global amaranth market analysis, the global market has witnessed significant growth in recent years, owing to the increasing demand for healthy and natural food products. Amaranth is a gluten-free, high-protein grain that is rich in minerals and antioxidants, making it a popular choice among health-conscious consumers. Geographically, the Asia Pacific region is the fastest growing region of the global amaranth market, owing to the increasing demand for healthy and natural food products in countries such as India and China.
|Market size value in 2021||USD 5.89 billion|
|Market size value in 2030||USD 6.58 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Amaranth Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Amaranth Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Amaranth Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Amaranth Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.