The Role of Amaranth Industry in the Gluten-Free & Plant-Based
Amaranth Market Overview
The global Amaranth Industry is experiencing significant growth, driven by increasing consumer preference for nutrient-rich and gluten-free grains. In 2023, the market was valued at approximately USD 9.5 billion and is projected to grow at a CAGR of 6.2%, reaching nearly USD 14.5 billion by 2030. Amaranth is widely used in food & beverages, cosmetics, and pharmaceuticals due to its high protein content, antioxidants, and functional properties.
Grab Your Free Sample Copy of This Report Today: https://www.maximizemarketresearch.com/request-sample/81299/
Market Growth Drivers & Opportunities
- Rising Demand for Superfoods: Amaranth is gaining popularity as a high-protein, gluten-free alternative to traditional grains.
- Increased Use in Cosmetics & Pharmaceuticals: The presence of squalene and antioxidants in amaranth oil boosts its applications in skincare and medicinal products.
- Growing Plant-Based and Organic Trends: The shift towards vegan and organic diets is fueling demand for amaranth-based products.
- Expansion in the Functional Food Industry: Amaranth is widely used in protein bars, cereals, and health supplements due to its high nutritional value.
Download PDF Brochure: https://www.maximizemarketresearch.com/market-report/global-amaranth-market/81299/
Regional Analysis
- North America: The largest market, driven by the rising demand for organic and gluten-free foods in the U.S. and Canada.
- Europe: Increasing awareness of plant-based diets and the growing cosmetic industry support market expansion.
- Asia-Pacific: Rapid adoption in India and China, fueled by a strong agricultural base and traditional consumption in local diets.
Key Mergers & Acquisitions
- Kerry Group acquired Biosearch Life, enhancing its portfolio of plant-based and functional food ingredients.
- Ingredion Incorporated partnered with Batory Foods, strengthening its distribution of plant-based ingredients, including amaranth.
- Archer Daniels Midland (ADM) expanded its organic grains division, investing in amaranth production for health-conscious consumers.
Conclusion
The amaranth market is set for steady growth, supported by increasing demand for gluten-free, organic, and functional foods. The expansion of cosmetics and pharmaceutical applications, along with ongoing product innovations, will further drive market development.
About Maximize Market Research
Maximize Market Research is a dynamic and diversified market research and consulting firm, bringing together professionals from various industries. Our expertise spans multiple sectors, including medical devices, pharmaceuticals, science and engineering, electronic components, industrial equipment, technology and communication, automotive, chemicals, general merchandise, beverages, personal care, and automated systems.
Contact Maximize Market Research
📍 MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT Park Phase 2,
Pune-Bangalore Highway, Narhe,
Pune, Maharashtra 411041, India
📞 +91 9607365656
📩 sales@maximizemarketresearch.com
🌐 www.maximizemarketresearch.com
English
Français
Español
Português
Deutsch
Türkçe
Dutch
Italiano
Russian
Romaian