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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.
The
COVID-19 Impact: One of the immediate impacts of the COVID-19 pandemic is the increasing
demand for personal care products. The epidemic has resulted in the growing
demand for particularly protective personal care. The industry players
operating in the sector are experiencing a growth in demand for personal care
products along with increasing acceptance and popularity of brands that
represent safety and competence both from environmental and health
perspectives. Essentially as maintaining personal hygiene is an integral aspect
of flattening the curve of transmission of the disease, it is also resulting in
contributing to the growing demand for these products among consumers. Thus,
such growing demand for these products would result in fostering the growth of
the sector. The consumers in the APAC region are observed to be more hygiene-focused
now, and they are emphasizing on minimizing the risks associated with exposure
to health risks amidst the outbreak. It is also worth mentioning that the virus
is seen to particularly impact individuals with hypertension and cardiovascular
diseases. Herein, as amaranth has functional properties needed for maintaining
effective functioning of the health and managing conditions like cardiovascular
diseases, it has also resulted in boosting its demand amidst the outbreak.
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Competitive
Landscape:
The research
report offers details about leading companies in the global Amaranth market
along with global position, financial standing, license agreement, products and
services portfolio and revenue contribution of each market player. Key players
in the market are focusing on adopting various strategies such as mergers and
acquisition, business expansion plans, new product launches, partnerships,
collaborations, joint ventures to enhance their product base and gain robust
footing in the market.
Market
Dynamics:
Increasing consumer
inclination towards functional, organic and probiotic-based food & drinks
is providing impetus to the growth of global food and beverage industry.
Various studies have come with health benefits associated with “ethnic” and
organic food products. These foods improve cardiovascular health, improves
arthritis, digestive issues, and other inflammatory conditions. Consumers are
gradually focusing on mindful eating and consuming food for health and
wellness. Changing eating and dietary patterns of consumers is prompting brand
owners and new entrants to introduce healthy foods options. Several clean-label
products have been introduced in the market and consumer curiosity for new
products is immense
Growing
middle class consumers with rising income in developing countries such as India
and China will boost food & beverage market growth. Moreover, increasing
consumer preference for procuring food and beverage items from online platforms
due to variety, cost and time-saving will foster market size through 2028.
Some of the Leading Market Players Are Listed Below:
· 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.
· Viral
International.
Get more Information about this Report: https://www.reportsanddata.com/report-detail/amaranth-market
Market Segmentation:
Amaranth
Market Segmentation based on Extraction
Type Outlook:
- Organic Solvent
- Cold Pressed
- Super Critical CO2 Extraction
- Others
Amaranth
Market Segmentation based on Product Type
Outlook:
- Seed
- Leaf
- Flour
- Oil
Amaranth
Market Segmentation based on Application Outlook:
- Foods and
Beverages
- Personal care
- Pharmaceuticals
- Others
Amaranth Market Segmentation based on Regions:
·
North
America (U.S., Canada, Mexico)
·
Europe
(Germany, U.K., France, Italy, Spain, Benelux, Rest of Europe)
·
Asia
Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
·
Latin
America (Brazil, Rest of Latin America)
·
Middle
East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East &
Africa)
Key
Features of the global Amaranth Market:
·
The
report offers detailed estimations at the regional level with manufacturers,
consumption, sales and import/export dynamics.
·
The
report provides accurate details related of the manufacturers/vendors in the
market, company overview, pricing analysis, financial standing, product
portfolio, and gross profit of leading companies.
·
Company
profiling with prevalent expansion strategies, revenue generation, and recent
developments.
·
Optimum
strategic initiatives for new players in the market.
·
Manufacturing
processes, suppliers, cost, rates of production and consumption, transport mode
and cost structuring, and value chain analysis.
·
The
study also includes supply chain trends, including elaborate descriptions of
the latest technological development
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