Amaranth Market Size

Amaranth Market Size

Amaranth Market size crossed USD 342.1 million in 2023 and is anticipated to witness over 18.3% CAGR from 2024 to 2032, given the rising consumer inclination toward healthier food alternatives.

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Autoimmune disorders, such as Celiac disease that impacts hereditarily predisposed individuals, have become increasingly prevalent in recent years. According to the National Institute of Diabetes and Digestive and Kidney Diseases, around 2 billion people in the U.S. and around 1% of the global population have Celiac disease. Gluten consumption can harm the small intestine of individuals suffering from this disease. Therefore, the need for gluten-free and nutritious food is critical to ensuring a healthy lifestyle, which, in consequence, will augment the amaranth market share.

Amaranth flour is extensively utilized in a range of bakery and confectionery items and several regional delicacies due to its rich nutritional, healthier, and gluten-free composition. As consumer transition toward more natural and plant-based alternatives, the demand for amaranth and its derivatives is set to grow substantially in the foreseeable future.