The Global Amaranth market is forecast to reach USD 14.56 Billion by 2027, according to a new report by Reports and Data. In recent years there has been increasing demand for nutraceutical products and post-workout health drinks. In this regard, the use of the perennial plant is witnessing growing popularity. It comprises of the high level of proteins that is effective in enhancing body muscle’s post-exercise recuperation procedure, which is also contributing to its increasing popularity. Its anti-inflammatory and anti-oxidant properties have also resulted in its increasing demand from the personal care industry.
The continuous expansion of the pharmaceutical sector and the presence of various unique elements in these perennial plants is one of the mentionable factors supporting the growth of the sector. It comprises of components like oleic acid, stearic acid, tocopherols and squalene that are known for treating inflammation, enhance bone strength, and fix tissues, which has resulted in its elevated demand from the healthcare sector. Thus, its wide arena of applications is supporting the expansion of the industry.
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Further key findings from the report suggest
- In regards to the Extraction Type, Cold Pressed segment held a considerable market share of more than 45.0% in 2019. The market share held by the Cold Press segment is attributed to the fact that it is one of the widely used processes in its products, which finds extensive applications for manufacturing oil for the perennial plant and its seeds, which contributes to the market share held by this segment.
- In context of Product Type, the Seed segment held a considerable market share of more than 45.0% in 2019. The market share held by the Seed segment is attributed to the presence of various minerals in its like phosphorus, calcium, iron, among others, which results in its elevated demand for applying in various products contributing to the market share held by this segment.
- In context to Application, the Personal care segment held a considerable market share of more than 50.0% in 2019. Its anti-oxidant properties and elements to enhance skin health has resulted in its extensive application in personal care products contributing to the market share held by this segment. Its incorporation in the formulation of personal care products is known to be helpful in enhancing the barrier functioning of the skin and help in responding to environmental stress.
- GAIA, a Leading Health Wellness Brand in India, had opted for the same initiative in 2017. In January 2017, the company had launched Muesli: Amaranth. The product claims to be packed with protein, antioxidants, and fiber, along with being minimally fattening. The launch of such innovative products is paving new areas of its application.
- Key participants include Amaranth Bio Company, Flaveko Trade Spol. S.R.O, Nu-World Foods, Proderna Biotech, D.K. Mass S.R.O., General Mills, Inc, AMR Amaranth a.s, Rusoliva Pvt. Ltd, Flavex Naturextracte Gmbh. and Viral International.
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Extraction Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Organic Solvent
- Cold Pressed
- Super Critical CO2 Extraction
- Others
Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Seed
- Leaf
- Flour
- Oil
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Foods and Beverages
- Personal care
- Pharmaceuticals
- Others
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Regional Outlook
For comprehensive understanding of market dynamics, the global Amaranth Market is analysed across key geographies namely: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). Each of these regions is analysed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of the Amaranth Market
– Changes in industry market dynamics
– Detailed market segmentation by type, application, etc.
– Historical, current and projected market size in terms of quantity and value
– Recent industry trends and developments
– Competition situation of Amaranth Market
– Key companies and product strategies
– Potential niche segment/region showing promising growth.
Finally, the Amaranth Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.
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