Amaranth Market Growth Rate, Forecast & Trend Now & Beyond
The amaranth market refers to the global trade and exchange of products related to the amaranth plant, primarily its seeds. Amaranth is a highly nutritious pseudo-cereal that has gained popularity due to its nutritional benefits, including being gluten-free and rich in protein, fiber, and micronutrients like iron and calcium. The market encompasses various products such as amaranth seeds, flour, oil, and snacks, which are sold both as whole grains and processed goods. The market is influenced by factors like consumer demand for healthy and gluten-free foods, dietary trends, agricultural production, and processing technologies.
Some of the key players profiled in the study are Amaranth Bio Company (United Staes), Amaranth Nord, Dk Mass S.R.O (Denmark), Arrowhead Mills (United States), Bob’s Red Mill (United States), den Foods (United States), Flaveko Trade Spol. S.R.O, Saar (Slovakia), Flavex Naturextracte Gmbh, Spol S.R.O (Germany), Irel Nans Products Pvt Ltd. (India), Nu-World Foods, RusOliva Pvt. Ltd (Russia), Proderna Biotech Pvt. Ltd. (India).
According to HTF Market Intelligence, the Global Amaranth market to witness a CAGR of 10.3% during forecast period of 2024-2030. Global Amaranth Market Breakdown by Application (Food and beverage, Pharmaceuticals, Personal Care, Others) by Form (Seed, Oil, Leaves) by Nature (Organic, Conventional) by Sales Channel (Online, Offline) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The report includes historic market data from 2019 to 2023E. Currently, market value is pegged at USD 9.2 Billion.
Market Trends:
- Expansion in product offering Growing demand for gluten-free products:
Market Drivers:
- Health Consciousness Rising Vegan and Vegetarian Population
Market Opportunities:
- Incorporation in Functional Foods
Market Challenges:
- Availability and Accessibility Limited Awareness
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