Reports
Global Amaranth Market Size, Share, Trends, Forecast: By Product: Amaranth Seeds, Amaranth Oil, Amaranth Leaves, Amaranth Flour; By Application: Food and Beverage, Pharmaceutical, Personal Care, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Amaranth Market Outlook
The global amaranth market size is assessed to grow in the forecast period of 2024-2032 at a CAGR of 11.10%. The market growth is being driven by the thriving food and beverage industry and increasing use of natural ingredients in personal care products.
Amaranth products have a number of health advantages that are beneficial to ageing people. As a result, the amaranth market demand is anticipated to grow over the projected period due to the increasing elderly population as well as the rising popularity of vegan food. In the coming years, the market for amaranth is expected to expand due to rising consumer interest in leading a healthy lifestyle and increasing use of essential oils in the beauty industry.
Organic products are becoming more popular as a result of changing consumer preferences, growing environmental awareness, and increasing knowledge of harmful effects of chemicals. The rising popularity of organic products is anticipated to surge the demand for organic amaranth in the forecast period.
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Health Benefits of Amaranth and Applications in Personal Care to Drive the Amaranth Market Growth
Amaranth grain is a pseudocereal, essentially a seed, rich in protein containing all nine essential amino acids, manganese, magnesium, phosphorus, vitamins A and C, iron, fibre and antioxidants. While amaranth is native to Mesoamerica, it is also cultivated in India, China, and in countries in Southeast Asia, West Africa and the Caribbean. Amaranth has been associated with several health benefits, such as decreased inflammation, lower cholesterol levels, improved weight loss, and enhanced brain function.
Celiac disease, a widely known, serious autoimmune illness, affects genetically predisposed individuals. In people suffering from this ailment, gluten ingestion causes damage to the small intestine. Nearly 1% of all 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. North America, Europe and the Asia Pacific are expected to be key markets for amaranth.
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 personal care sector, for the production of natural ingredient based cosmetic products.
The versatility of amaranth, which can be used as a grain as well as vegetable, is augmenting the growth of the amaranth market. 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 amaranth 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, is 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, which is further bolstering the amaranth market.
In southern parts of India, such as Kerala and regions of Tamil Nadu, Andhra Pradesh and Karnataka, amaranth is well-consumed, and people appreciate its 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.
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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 and the Caribbean as well as in 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 categorised into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key 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
- Hometown Food Company
- Rusoliva
- DK MASS sro
- FLAVEX Naturextrakte GmbH
- Proderna Biotech Pvt Ltd
- Kilaru Naturals Private Limited
- Organic Products India
- Others
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*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 (2018-2023)
8.3 Global Amaranth Market Forecast (2024-2032)
8.4 Global Amaranth Market by Product
8.4.1 Amaranth Seeds
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Amaranth Oil
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Amaranth Leaves
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Amaranth Flour
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.5 Global Amaranth Market by Application
8.5.1 Food and Beverage
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Pharmaceutical
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Personal Care
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Amaranth Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Amaranth Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Amaranth Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Amaranth Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Amaranth Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Amaranth Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
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 Hometown Food Company
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Rusoliva
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 DK MASS sro
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 FLAVEX Naturextrakte GmbH
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Proderna Biotech Pvt Ltd
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Kilaru Naturals Private Limited
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Organic Products India
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Amaranth Market: Key Industry Highlights, 2018 and 2032
2. Global Amaranth Historical Market: Breakup by Product (USD Million), 2018-2023
3. Global Amaranth Market Forecast: Breakup by Product (USD Million), 2024-2032
4. Global Amaranth Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Amaranth Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Amaranth Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Amaranth Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Amaranth Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Amaranth Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Amaranth Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Amaranth Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Amaranth Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Amaranth Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Amaranth Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Amaranth Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Amaranth Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Amaranth Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Amaranth Market Structure
Key Questions Answered in the Report
The global amaranth market forecast indicates a promising growth rate at a CAGR of 11.10% between 2024 and 2032.
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 in personal care products, and increasing population.
The key global amaranth market trends include increasing shift of small farmers towards amaranth cultivation, improvements in supply chain, and rising demand for organic products.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various products of amaranth in the market are amaranth seeds, amaranth oil, amaranth leaves, and amaranth flour.
the different applications of amaranth are food and beverage, pharmaceutical, and personal care, among others.
Associated health benefits of consuming amaranth include lower cholesterol, reduced inflammation, and aid in weight loss.
The major players in the market, according to the report, are Flaveko Trade spol. s.r.o., Nature Bio-Foods Ltd, A.G.Industries, Hometown Food Company, Rusoliva, DK MASS sro, FLAVEX Naturextrakte GmbH, Proderna Biotech Pvt Ltd, Kilaru Naturals Private Limited, and Organic Products India, among others.
Analyst Review
The global amaranth market is driven by the thriving personal care market owing to increasing 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 2024-2032, growing at a CAGR of 11.10%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. 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 segmented 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, A.G.Industries, Hometown Food Company, Rusoliva, DK MASS sro, FLAVEX Naturextrakte GmbH, Proderna Biotech Pvt Ltd, Kilaru Naturals Private Limited, and Organic Products India, 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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