Amaranth Market Comprehensive Analysis and Forecast, 2023 - 2032

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Amaranth Market Size to Cross USD 1.7 Bn by 2032
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Overview of Amaranth Market

• Amaranth Market is anticipated to garner
  substantial momentum during 2023-2032 owing to
  the rising product demand across the
  pharmaceutical and nutraceutical industries. The
  leaf of amaranth contains a small amount of
  vitamin C and is used for making medicines. It is
  also proven beneficial in treating ulcers,
  diarrhea, a swollen mouth and throat, and high
  cholesterol.
• Amaranth, similar to other pseudocereals, is a
  protein powerhouse with a long list of
  outstanding nutrients. At 14 protein, it has
  almost twice protein as rice and corn and is a
  complete protein, having all nine essential amino
  acids. Along with protein, amaranth also includes
  lunasin, a peptide that holds anti-inflammatory
  and cancer-preventive properties. This would
  imply that rising cancer prevalence worldwide
  would propel the market dynamics through 2032.
• Overall, the amaranth industry is segmented in
  terms of product, nature, application, and region.

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• Based on the product, the amaranth leaves segment
  is slated to be valued at over USD 190 million by
  2032. The segmental growth can be credited to the
  increasing use of amaranth leaves in skincare
  products. The oil from amaranth illuminates,
  hydrates, detoxifies, and soothes the skin, thus
  improving its elasticity and reducing wrinkles.
  Besides, it is also a rich source of omega-6 and
  omega-9 fatty acids.
• By nature, the organic amaranth segment is slated
  to witness high demand during the estimated
  timeframe. Organic amaranth is gaining huge
  traction due to its high nutrient content,
  including protein, iron, and fiber. Besides, it
  is also gluten-free. Organic amaranth is sweet
  and earthy in taste and is used in hot
  breakfasts, cookies, and savory soups, thus
  boosting market demand.
• Considering the application, the bakery and
  confectionery market is estimated to be worth
  over USD 430 million by 2032. Amaranth-based
  bakery products suit vegans, celiac patients, and
  lactose-intolerant people. The amaranth-based
  bakery and confectionary products contain
  proteins, gums, and xanthan. Besides, it is also
  used in the confectionary industry as a natural
  coloring agent, thus influencing industry outlook.

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• Considering the regional perspective, the Europe
  amaranth industry is slated to depict over 18.5
  CAGR through 2032. The growth would be driven by
  an increasing product demand across industries
  such as bakery, confectionery, cosmetics, and
  personal care in the region. Besides, the
  continent is also witnessing strong demand for
  amaranth-based chocolate and puffed rice as
  healthy snack options.
• Notable participants in the Amaranth market
  include Arrowhead Mills, Ardent Mills, Apollo
  Agro Industries Ltd., Pure India Foods, Archer
  Daniels Midland Company, Proderna Biotech Pvt.
  Ltd., Nature Bio-Foods Ltd, A.G.Industries,
  Organic Products India, Kilaru Naturals Private
  Limited, Flavex Naturextracte Gmbh, NOW Foods,
  and Bobs Red Mill Natural Foods.

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