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Global Amaranth Market: By Product: Amaranth Seeds, Amaranth Oil, Amaranth Leaves, Amaranth Flour; By Application: Food and Beverage, Pharmaceutical, Personal Care, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Amaranth Market Outlook

The global amaranth market is expected to grow at a CAGR of 10.4% during the period 2023-2028.

 

Increasing Demand for Healthier Food Alternatives, Applications in the Cosmetic Sector and Health Benefits of Amaranth Expected to Drive the Market

Amaranth grain is a pseudocereal, essentially a seed, rich in protein (all nine essential amino acids), manganese, magnesium, phosphorus, vitamins A and C, iron, fiber and antioxidants. While amaranth is native to Mesoamerica, it is also cultivated in India, China, South East Asia, West Africa and the Caribbean. Amaranth has been associated with several health benefits, such as decreased inflammation, lower cholesterol levels, weight loss and better brain function.

 

Global Amaranth Market

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Celiac disease, a widely known, serious autoimmune illness, affects genetically predisposed individuals. In people suffering from this ailment, the gluten ingestion causes damage to the small intestine. It is projected that nearly 1% people are affected by Celiac disease across the globe. Amaranth seed, being gluten-free, may be a nutritious alternative for individuals suffering from this kind of food allergy. Amaranth flour is used to make bread, cakes, muffins, pancakes, cookies, dumplings, crepes, noodles, pastas, and crackers. The amaranth market is expected to be driven by health-conscious consumers looking for healthier, nutritious and gluten-free food alternatives. USA, Mexico, Europe and the Asia Pacific are expected to be key markets.

With squalene and omega-3, -6 and -9 fatty acids, amaranth oil is believed to give antioxidant, anti-inflammatory and anti-ageing benefits. Its application to the skin is considered beneficial. Greater demand for amaranth oil is likely to arise from the cosmetic sector, for the production of natural ingredient based cosmetic products.

Amaranth is used as grain as well as vegetable. Amaranth leaves, freshly picked, are generally consumed in salads or blanched, steamed, boiled, fried, and mixed with meat, fish, cucurbit seeds, groundnut or palm oil. Cooked green leaves may be consumed as a side dish or added to soups. Both amaranth seeds and leaves are also used to prepare recipes for babies and toddlers. As a snack, amaranth seed is popular in Mexico; it is at times mixed with puffed rice or chocolate. Such snacks are gaining popularity in regions of North America and Europe.

 

Small Farmers Could Benefit Economically from Amaranth Cultivation

Amaranth is very adaptable to hostile growing conditions, drought and heat resistant, not normally infested by disease, and one of the easiest crops to grow in limited areas. It holds substantial potential as a cash crop, and can be exported or sold in domestic markets.

In southern parts of India, such as Kerala and regions of Tamil Nadu, Andhra Pradesh and Karnataka, amaranth is well-consumed and people appreciate the nutritional value of the vegetable. In such regions, it may be easier to sell the produce. If sale of produce is locally assured, amaranth farming could offer farmers a decent income.

 

Amaranth Definition and Global Amaranth Market Segmentation

Amaranth refers to a variety of short-lived species of plants cultivated chiefly as pseudocereals and leafy vegetables. It is a native species of South America's Andean region, which includes Argentina, Peru, and Bolivia. The plant's leaves are widely utilised in countries all over 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.

By product, the market is segmented into:

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

By application, the market is classified into:

  • Food and Beverage 
  • Pharmaceutical
  • Personal Care
  • Others

By region, the market is segmented into:

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

 

Key Industry Players in the Global Amaranth Market

The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Flaveko Trade spol. s.r.o.
  • Nature Bio-Foods Ltd
  • A.G.Industries
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Application, Region
Breakup by Product Amaranth Seeds, Amaranth Oil, Amaranth Leaves, Amaranth Flour
Breakup by Application Food and Beverage, Pharmaceutical, Personal Care, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Flaveko Trade spol. s.r.o., Nature Bio-Foods Ltd, A.G.Industries, Others 
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Amaranth Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Amaranth Historical Market (2018-2022) 
    8.3    Global Amaranth Market Forecast (2023-2028)
    8.4    Global Amaranth Market by Product
        8.4.1    Amaranth Seeds
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Amaranth Oil
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Amaranth Leaves
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Amaranth Flour
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
    8.5    Global Amaranth Market by Application
        8.5.1    Food and Beverage 
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Pharmaceutical
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Personal Care
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Others
    8.6    Global Amaranth Market by Region
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022) 
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022) 
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022) 
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022) 
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022) 
            8.6.5.3    Forecast Trend (2023-2028) 
9    North America Amaranth Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Amaranth Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Amaranth Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Amaranth Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Amaranth Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
         16.2.1    Flaveko Trade spol. s.r.o. 
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Nature Bio-Foods Ltd
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3     A.G.Industries
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Others 
17    Key Trends and Developments in the Market
 

List of Key Figures and Tables

1.    Global Amaranth Market: Key Industry Highlights, 2018 and 2028
2.    Global Amaranth Historical Market: Breakup by Product (USD Million), 2018-2022
3.    Global Amaranth Market Forecast: Breakup by Product (USD Million), 2023-2028
4.    Global Amaranth Historical Market: Breakup by Application (USD Million), 2018-2022
5.    Global Amaranth Market Forecast: Breakup by Application (USD Million), 2023-2028
6.    Global Amaranth Historical Market: Breakup by Region (USD Million), 2018-2022
7.    Global Amaranth Market Forecast: Breakup by Region (USD Million), 2023-2028
8.    North America Amaranth Historical Market: Breakup by Country (USD Million), 2018-2022
9.    North America Amaranth Market Forecast: Breakup by Country (USD Million), 2023-2028
10.    Europe Amaranth Historical Market: Breakup by Country (USD Million), 2018-2022
11.    Europe Amaranth Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Asia Pacific Amaranth Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Asia Pacific Amaranth Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Latin America Amaranth Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Latin America Amaranth Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Middle East and Africa Amaranth Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Middle East and Africa Amaranth Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Global Amaranth Market Structure

Key Questions Answered in the Report

The market is estimated to grow at a CAGR of 10.4% between 2023 and 2028.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major drivers of the market include the growing expansion of the food and beverage industry, increasing demand for healthy food alternatives, rising demand for amaranth from the cosmetics sector, and rising population.

The increasing shift of small farmers towards amaranth cultivation is expected to be a key trend guiding the growth of the industry.

Amaranth seeds, amaranth oil, amaranth leaves, and amaranth flour are the major products included in the market report.

Food and beverage, pharmaceutical, and personal care, among others are the different applications of the product.

The major players in the industry are Flaveko Trade spol. s.r.o., Nature Bio-Foods Ltd, and A.G.Industries, among others.

Analyst Review

The global amaranth market is driven by the thriving cosmetics industry owing to the rising disposable incomes, rising population, and increasing inclination towards personal care. Aided by the growing preference towards healthy food alternatives, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 10.4%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product, the market is divided into amaranth seeds, amaranth oil, amaranth leaves, and amaranth flour. On the basis of application, the market is divided into food and beverage, pharmaceutical, and personal care, among others. The major regional markets for amaranth are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Flaveko Trade spol. s.r.o., Nature Bio-Foods Ltd, and A.G.Industries, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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