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Global Amaranth Market to Grow at a CAGR of 10.4% in the Forecast Period 2022-2027, Aided by the Rising Demand for Healthier Food Alternatives

According to a new report by EMR titled, ‘Global Amaranth Market Report and Forecast 2022-2027’, the global amaranth market is expected to grow at a CAGR of 10.4% during the period 2022-2027, driven by increasing demand for healthier food alternatives, applications in the cosmetic sector and health benefits of amaranth.

Amaranth refers to a variety of short-lived species of plants cultivated chiefly as pseudocereals and leafy vegetables. The plant's leaves are widely consumed in countries across Africa, the Caribbean, India, and China. In India, amaranth grains are commonly called Rajgira, Rajagra or Ramdana. In the southern parts of India, amaranth leaves are commonly consumed as leafy green vegetables. These leaves are high in iron and calcium, and contain trace minerals.

Amaranth oil, which contains squalene and omega-3, -6, and -9 fatty acids, is thought to have antioxidant, anti-inflammatory, and anti-aging properties. When applied topically, it is thought to have therapeutic effects. An increase in demand from the cosmetics industry for natural ingredient-based beauty products is expected.

With the development of sustainable value chains for grain amaranth (from field cultivation to the production of various value-added products), as well as an understanding of its numerous health benefits, it may be possible to make an impact on millions of rural and poor urban households in developing countries where malnutrition is prevalent and has serious consequences for health. This indicates that amaranth may be an economically viable but underutilized crop with significant potential for development.

As with any other cereal, the amaranth grain requires post-harvest management methods to ensure its viability, nutritional content, and market value. Post-harvest grain management often entails harvesting, field drying, threshing and cleaning, as well as extra drying, storage, and processing. These few processes must be carried out meticulously if grain losses are to be minimized.

Crop harvesting is primarily done manually in developing countries using sickles, knives, and cutters. However, in developed countries, combined harvesters are more commonly used. Harvest timing and method are critical factors in determining harvesting losses. Early harvesting with a high moisture content increases the expense of drying the crop and makes it susceptible to mould growth if not dried properly. This may result in a high percentage of broken grains and low milling yields.

Amaranth is consumed both as grain as well as vegetable. Freshly selected amaranth leaves can be eaten raw in salads or cooked with a variety of other ingredients, including meat, fish, cucurbit seeds, groundnut oil, or palm oil. It is possible to eat cooked green leaves as a side dish or as an ingredient in soups. The seeds and leaves of amaranth can also be used to make baby and toddler food. Amaranth seed is a common Mexican snack, often combined with puffed rice or chocolate.

Protein (including all nine essential amino acids), iron, manganese, magnesium, phosphorus, vitamins A and C, fibre and antioxidants are found in rich quantities in amaranth. While amaranth is native to Mesoamerica, it is grown in India, China, Southeast Asia, West Africa and the Caribbean. A variety of health advantages have been linked to amaranth, including reduced inflammation, lower cholesterol, weight loss, and improved cognitive function.

Celiac disease is a widely known ailment affecting genetically predisposed individuals. People suffering from Celiac disease experience small intestinal damage due to gluten ingestion. Nearly 1% people are estimated to be affected by Celiac disease globally. Amaranth seed, being gluten-free, may be a nutritious alternative for individuals suffering from this kind of food allergy. Thus, health-conscious consumers seeking healthier, nutritious and gluten-free food alternatives are likely to drive the amaranth market. Amaranth flour is used to make bread, cakes, muffins, pancakes, cookies, dumplings, crepes, noodles, pastas, and crackers.

Key Findings of the Report

  • Increasing demand for healthier food alternatives and applications in the cosmetic sector are likely to drive the global amaranth market.
  • USA, Mexico, Europe and the Asia Pacific are expected to be key markets.
  • Small farmers could benefit economically from amaranth cultivation, provided assured local sale of the produce.

 

Global Amaranth Market Segmentation

By product, the global amaranth market is segmented into:

  • Amaranth Seeds
  • Amaranth Oil
  • Amaranth Leaves
  • Amaranth Flour

By application, the global amaranth market is classified into:

  • Food and Beverage 
  • Pharmaceutical
  • Personal Care
  • Others

By region, the global amaranth market is segmented into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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