Amaranth Market: Global Industry Analysis and Forecast (2023-2029)

Global Amaranth Market size was valued at US$ 10.12 Bn. in 2022 and the total revenue is expected to grow at 11.51 % through 2023 to 2029, reaching nearly US$ 21.70 Bn.
Global Amaranth Market Overview:
Amaranth is a pseudocereal with traits comparable to those of the Poaceae cereal family, which includes wheat, barley, oats, and others. It is high in vitamins, fibre, minerals, antioxidants, and other nutrients. Amaranth has a long list of health benefits, including improved metabolism, reduced inflammation, lower blood cholesterol levels, and improved digestion. People have been eating cereals and grains for more than 8,000 years to meet their nutritional needs. Amaranth has a wide range of uses in a variety of industries, including food and drinks, personal care, cosmetics, pharmaceuticals, and so on.
Amaranth Market Snapshot
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Global Amaranth Market Dynamics:
The global amaranth market is growing thanks to the rising food & beverage processing industry and the emerging trend of using natural ingredients in cosmetics. Also, the numerous health benefits of amaranth, including antioxidant activities, protein content, digestive health, bone development, vision health, and weight loss, etc. are boosting the acceptance of amaranth in personal care and health products. Moreover, the robust command of supply-chain, which is making the product easily available globally, is also boosting the growth of the global amaranth market.

The growing trend of natural ingredients in personal care and cosmetics is again boosting the demand for amaranth. Also, increasing spiraling cultivation thanks to the increasing demand for organic food across the globe is expected to drive the market growth during the forecast period. On the other hand, high production costs related to the amaranth may hinder the market growth at a certain level during the forecast period.

As per the maximize research, Amaranth grown conventionally brings nearly $0.41 per pound, while organic amaranth may sell for $0.66 per pound or more. Production costs are about the same as sorghum and soybeans and maybe less. The three main buyers of amaranth grain in the U.S. are Arrowhead Mills (Texas), Health Valley (California), and Nu-World Amaranth (Chicago, Illinois). Key companies that use amaranth in their food products, for example, Pepperidge Farm, generally obtain their amaranth from one of the above three companies.

Arrowhead Mills and Health Valley both sell processed foods with amaranth into the retail marketplace, and Arrowhead Mills sells the whole seed and bags of amaranth flour as well.
Global Amaranth Market Segment Analysis:
The global Almond Butter Market is segmented by Product Type and Application.

Based on Product Type, the global Almond Butter market is sub-segmented into Amaranth seed, Amaranth oil, Amaranth leaf and Amaranth flour. The Amaranth seed segment held the largest market share of 52.45% in 2022 and it is expected to grow at a highest CAGR of 11.6% in the global amaranth market during the forecast period. Due to existence of several different minerals in amaranth seed including such as calcium, iron, phosphorus and many others. Such minerals may drive the growth of amaranth segment over the forecast period. Also, due to the demand for an amaranth crop as a weed is expected to experience an upswing.
Amaranth Market, by Product in 2022(%)


Based on Application, the global amaranth market is sub-segmented into the Global Amaranth Market is sub-segmented into Food & Beverages, Personal care, Pharmaceuticals and Others. The Personal care segment held large number of share 62.05% in 2020. Because of increased consumer acceptability, the industry has a higher number of established businesses and is expected to develop significantly, particularly in emerging economies.

However, the food & beverages segment is expected to grow at a highest CAGR of 10.81% in the global amaranth market during the forecast period. The product's growth is expected to be aided by rising demand for the commodity in ground form or as flour in cookies, bread, granola, noodles, cereals, and pancakes. Amaranth, on the other hand, is historically eaten during fasts and widely prescribed recovering from illness. Gluten-free customers will find the product to be an excellent substitute.
Amaranth Market, by Application in 2022(%)

Global Amaranth Market Regional Insights:
North America held the largest market share of 44.47% in 2022. This is mainly because the increasing demand for squalene, which is extracted primarily from amaranth products, is expected to boost the growth of the North American market, mainly because of properties like anti-inflammatory, anti-oxidation, and anti-aging properties. Also, the burgeoning trend in the pharmaceutical industry of emerging novel medicines based on bio-based raw materials.

However, Asia Pacific is expected to grow at a highest CAGR of 12.2% in the global amaranth market during the forecast period. Due to rising disposable incomes and a wide population base, particularly in countries such as India and China. Anti-aging products have developed as the most popular personal care product segment because of increased consumption among adult age groups in China. These factors along with high R&D developments and the introduction of advanced and inventive products are interpreting the APAC market as lucrative for global players.

The objective of the report is to present a comprehensive analysis of the global Amaranth Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also helps in understanding the global Amaranth Market dynamic, structure by analyzing the market segments and project the global Amaranth Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Amaranth Market make the report investor’s guide.
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Global Amaranth Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 10.12  Bn.


Forecast Period 2023 to 2029 CAGR:
11.51%
Market Size in 2029:
US $ 21.70 Bn.


 Segments Covered:
by Product
Amaranth seed
Amaranth oil
Amaranth leaf
Amaranth flour


by Application
Food & Beverages
Personal care
Pharmaceuticals
Others


by Category
Organic
Conventional


by Sales Channel
Hypermarket /Supermarket
Retail Stores
Online Stores
Others



Global Amaranth Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Global Amaranth Market, Key Players are
1.Proderna Biotech Pvt. Ltd.
2. AMR Amaranth A.S.
3. Nans Products Pvt Ltd.
4. Flaveko Trade Spol. S.R.O
5. Nu-World Foods
6. Amaranth Bio Company
7. Amaranth Nord
8. RusOliva Pvt. Ltd.
9. Dk Mass S.R.O
10. Spol S.R.O
11. Health Valley
12. Amaranth Resources
13. Arrowhead Mills
14. Nu-world Amaranth
15. Irel Nans Products Pvt Ltd.
16. FlavexNaturextracteGmbh
17. Saar
18. RICHOIL
19. Nature Supply
Frequently Asked Questions:
1] What segments are covered in Amaranth Market report?
Ans. The segments covered in Almond Butter Market report are based on Product Type and Application.

2] Which region is expected to hold the highest share in the global Amaranth Market?
Ans. North America is expected to hold the highest share in the global Almond Butter Market.

3] What is the market size of global Amaranth Market by 2029?
Ans. The market size of global Almond Butter Market by 2029 is US $ 21.70 Bn.

4] Who are the top key players in the global Amaranth Market?
Ans. Proderna Biotech Pvt. Ltd., AMR Amaranth A.S., Nans Products Pvt Ltd, Flaveko Trade Spol. S.R.O and Nu-World Foods are the top key players in the global Almond Butter Market.

5] What was the market size of global Amaranth Market in 2022?
Ans. The market size of global Almond Butter Market in 2022 was US $ 10.12 Bn.

6] By Application, What segments are covered in global Amaranth Market report?
Ans. The segments covered in global Almond Butter Market report by application are Food & Beverages, Personal care, Pharmaceuticals and Others.