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Amaranth Market Insights, Global Strategies & Growth Factors
Amaranth Market was valued at USD 90.98 billion in 2022 and is projected to expand from USD 99.24 billion in 2023 to USD 217.1 billion by 2032. With a compound annual growth rate (CAGR) of approximately 9.08%, the market is expected to experience significant growth throughout the forecast period from 2024 to 2032.
The amaranth market is witnessing significant growth, driven by its nutritional benefits and versatile applications. Amaranth, an ancient grain known for its high protein and micronutrient content, has gained popularity across various industries, including food and beverage, pharmaceuticals, cosmetics, and animal feed. This report delves into the market by product type, application, form, distribution channel, price range, and regional analysis, highlighting key industry developments, market drivers, and challenges.
Market Segmentation by Product Type
The amaranth market can be segmented into whole grain, flour, oil, and starch. Whole grain amaranth is a staple in health-conscious diets, offering high fiber, protein, and essential amino acids. Amaranth flour is a popular gluten-free alternative in baking and cooking, appealing to individuals with gluten sensitivities. Amaranth oil, rich in squalene, has gained traction in the cosmetics and pharmaceutical sectors due to its anti-aging and moisturizing properties. Starch derived from amaranth is increasingly utilized in industrial applications, including biodegradable packaging and as a thickening agent in food products. The growing preference for plant-based and natural ingredients has significantly boosted the demand across these categories.
Key Players are:
Bluegrass Commodities, Continental Grain Company, Kellogg Company, Tyson Foods, Inc., Cherkizovo Group, J.P. Morgan Agribusiness, ConAgra Brands, Louis Dreyfus Company, Cereal Partners Worldwide, American International Trading Company, All India Food Corporation, General Mills, Inc., AGT Commodities, B Commodities
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