Bio Vanillin Market Opportunity Assessment; 2023 – 2032

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Amaranth Market Size to Cross USD 49 Mn by 2032
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Overview of Amaranth Market

• The fragrances segment would unleash enhanced
  potential in the global market. As per report,
  the segment is likely to depict approximately 8
  growth rate between 2023 to 2032. This can be
  credited to the rising demand for natural
  fragrances, increasing acceptance of personalized
  fragrances, and surging spending on personal
  grooming across different nations. According to a
  consumer survey, it was reported that nearly 31
  of the Indian consumers preferred herbal scent in
  haircare products.
• The demand for bio vanillin is likely to be felt
  across the confectionary and baked goods sector
  owing to the changing consumer food preferences
  toward the intake of natural ingredients. Not to
  mention, burgeoning sales of baked goods and
  confectionary products globally would add impetus
  to the market expansion.

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• 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.
• 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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• The North America bio vanillin market was valued
  at USD 5.5 million in 2022 and is projected to
  witness similar trends by 2032 end. The market
  growth in the region would come from the
  product's ability to be showcased as a component
  of the premium product fragment in the food,
  drinks, and fragrances enterprises across
  countries such as the United States and Canada.
• Notable participants in the Amaranth market
  include Evolva, De Monchy Aromatics, Omega
  Ingredients Ltd., Advanced Biotech,
  Solvay,Ennolys, Comax Flavors, Alfrebro, LLC,
  Beijing LYS Chemicals Co., Ltd., and Aurochemicals

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