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The global amaranth market grew at a CAGR of around 11% during 2015-2020. Looking forward, IMARC Group expects the market to continue its strong growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Amaranth belongs to the class of pseudocereals that exhibit similar properties as that of the Poaceae cereal family, including wheat, barley, oats, etc. It contains a rich amount of vitamins, fibers, minerals, antioxidants, etc. Amaranth offers numerous health benefits in enhancing metabolism, reducing inflammation, lowering blood cholesterol levels, improving digestion, etc. It is widely consumed by individuals suffering fromcoeliac coeliacdisease or gluten intolerance. Amaranth finds extensive applications across diverse industries, including food and beverages, personal care, cosmetics, pharmaceuticals, etc.
The rising consumer concerns towards the high-prevalence of gluten-intolerant disorders are primarily driving the demand for amaranth. Furthermore, the growing incidences of numerous lifestyle diseases, such as obesity, diabetes, gastrointestinal ailments, etc., due to the consumption of high-calorie food products are also propelling the market for healthier and gluten-free alternatives, including amaranth. Additionally, the hectic consumer work schedules and sedentary lifestyles are bolstering the demand for convenient and ready-to-eat food options, such as amaranth-based porridge, breakfast cereals, pancake mix, etc. In line with this, the increasing popularity of packaged and processed product variants infused with several innovative flavors, such as walnut, honey, cinnamon, maple, etc., is also catalyzing the global market for amaranth. Moreover, the growing adoption of amaranth in numerous cosmetics and personal grooming items based on its numerous benefits in skin nourishment, anti-aging, dark spot reduction, anti-inflammation, etc., is further propelling the product demand. In the coming years, the rising demand for organic and vegan product variants that are free from allergens, chemicals, synthetic preservatives, etc., will continue to drive the global market for amaranth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global amaranth market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on source, product type, application and distribution channel.
Breakup by Source:
Breakup by Product Type:
Breakup by Application:
Breakup by Distribution Channel:
Breakup by Region:
The competitive landscape of the industry has also been examined with some of the key players being Arrowhead Mills Inc. (Hometown Food Company), DK MASS sro, Flaveko Trade spol. s r.o., Flavex Naturextrakte Gmbh, Health Valley Foods Inc. (The Hain Celestial Group Inc.), Nans Products, The Andersons Inc., Proderna Biotech Pvt Ltd and SAAR.
|Base Year of the Analysis||2020|
|Units||US$ Billion, 000’ Tons|
|Segment Coverage||Source, Product Type, Application, Distribution Channel, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico, Turkey, Saudi Arabia|
|Companies Covered||Arrowhead Mills Inc. (Hometown Food Company), DK MASS sro, Flaveko Trade spol. s r.o., Flavex Naturextrakte Gmbh, Health Valley Foods Inc. (The Hain Celestial Group Inc.), Nans Products, The Andersons Inc., Proderna Biotech Pvt Ltd and SAAR|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
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Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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