Europe Amaranth Market

Europe Amaranth Market Size, Share, Growth Analysis, By Category(Conventional and Organic), By Product(Seed, Oil, Leaf and Flour), By Application(Food & Beverages, Pharmaceutical, Personal Care, Others), By Region - Industry Forecast 2024-2031

Report ID: SQMIR30H2160 | Region: Regional | Published Date: February, 2024
Pages: 157 | Tables: 89 | Figures: 76

Europe Amaranth Market Regional Insights

Germany held a 17.6% share of the global market in 2021 as a result of its big consumer base and high consumer awareness of the harmful effects of artificial flavors and chemicals used in food, beverages, and cosmetic products. Thus, it is projected that application industries will focus more on offering plant-based goods to meet the changing customer demands.

The U.K. is expected to have the fastest CAGR of nearly 11.4% due to an increasing vegan population. The nation's numerous food and beverage companies and growing consumer understanding of the importance of a balanced diet are projected to be the primary market drivers.

The factors driving the product demand in the region are higher per capita income levels and the rising acceptance of vegan diets. Amaranth is a great alternative to dairy products because of its increased protein level. Hence, more people developing lactose intolerance is projected to increase demand during the forecast period.

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Europe Amaranth Market size was valued at USD 2197.4 million in 2021 and is poised to grow from USD 2434.72 million in 2022 to USD 5530.53 million by 2030, growing at a CAGR of 10.8% in the forecast period (2023-2030).

The market is very fragmented due to the lack of huge companies operating there. Farmers in the area are heavily reliant on imports from Asian and American countries including India, China, Brazil, and Mexico because amaranth is not a crop that is frequently grown here. Moreover, acquisition has long been a popular strategy used by businesses to enter the market, expand their clientele, and expand their market share. ' Amaranth Bio Company   ', ' RusOliva Ltd.   ', ' Organic Products Sp. z o.o.   ', ' Asklepios Seeds GmbH & Co. KG   ', ' Flora Export S.G.L.   ', ' Natura Viva - Agricola Salute e Benessere   ', ' Rizos Oliva, S.L.   ', ' Malti Proteini d.o.o.   ', ' Agroindustrias Aibar, S.A.   ', ' Nature Bio Foods BV   ', ' Green Agro Invest LLC   ', ' Verival Bio GmbH   ', ' Donskoy Tabak LLC   ', ' American Natural & Organic Spices   ', ' Naturalsi S.A.S.   ', ' Silesian Protein Sp. z o.o.   ', ' BioHellas S.A.   ', ' BioParma LLC   ', ' Eden Research plc   ', ' Red River Foods '

Amaranth is a grain that is very nutrient-dense and high in protein, fiber, and important micronutrients. The demand for breakfast cereals, snacks, and baked goods made from amaranth has been driven by Europe's growing need for nutritious food.

European consumers are growing more health conscious and seeking out food items that are natural, lightly processed, and beneficial to their health. Amaranth has become more well-known as a nutritious grain because it is free of gluten and packed with nutrients.

Germany held a 17.6% share of the market in 2021 as a result of its big consumer base and high consumer awareness of the harmful effects of artificial flavors and chemicals used in food, beverages, and cosmetic products. Thus, it is projected that application industries will focus more on offering plant-based goods to meet the changing customer demands.

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Europe Amaranth Market

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