Amaranth Prices

Amaranth Prices December 2023

The price of amaranth in India during Q4 2023 reached 359 USD/MT.

Amaranth Price Trend, Market Analysis, and News

IMARC's latest publication, “Amaranth Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the amaranth market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of amaranth at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed amaranth price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting amaranth pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Amaranth Market Analysis

The global amaranth market size reached US$ 9.5 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 23.33 Billion, at a projected CAGR of 10.50% during 2023-2032.

• The growing inclination for amaranth among health-conscious consumers due to its nutritional benefits, such as high protein, fiber, vitamins, and mineral content, is supporting the adoption of the product in various health food products. This is creating a positive outlook for the market.
• The rising awareness and diagnosis rates of celiac disease and gluten intolerance among the masses are raising the demand for gluten-free grains as an alternative to wheat-based products, such as amaranth.
• The growing number of market players incorporating amaranth in functional foods and beverages is favoring the market demand. Along with this, they are also supporting the development of a wide range of amaranth-based products, such as crackers, tortillas, breakfast cereals, and protein bars, which is further providing an impetus to the market.
• Considerable rise in the number of consumers leaning toward organic and non-GMO food is significantly supporting the market growth. Additionally, the growing popularity of amaranth in organic farming as it is an inherently pest-resistant crop is creating lucrative opportunities in the market.
• The increasing incorporation of amaranth into various cuisines across the globe is positively influencing the market. Its utilization in a variety of dishes, including porridges, and baked goods, is driving the demand among food enthusiasts across the globe.
• The escalating shift towards plant-based diets among consumers is favoring the demand for amaranth as a plant-based protein source. This aligns with the broader trend of reducing meat consumption for health and environment-related concerns which is fueling the market growth.
• The advent of new technologies for processing foods facilitates the easier adoption of amaranth in a wide range of products. Enhanced processing methods improve its texture and taste, further increasing its consumer acceptability.
• As disposable income levels are rising across the globe, particularly in emerging markets, consumers are increasingly willing to spend on premium and health-oriented foods. This higher purchasing power is enabling consumers to explore and invest in nutritious food options, which is propelling the amaranth market.

Amaranth News

The report covers the latest developments, updates, and trends impacting the price of amaranth, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the amaranth price trend.

Latest developments in the amaranth industry:

• June 2, 2023: Vertical Future announced the VIP Leaf project, which aims to grow amaranth in vertical farming facilities to provide a new source of plant protein for the UK and reduce dependence on imports. This collaboration with the University of York, CHAP, Syan Farms, and Eat Curiously seeks to leverage vertical farming technology to create high-yielding, high-protein crops for market-ready meat alternatives, aiding the UK in achieving Net Zero Carbon by 2050.
• April 2024: Ripple Effect Organisation, a local NGO in Kenya, plans to partner with the Kenya Agricultural and Livestock Research Organization (KARLO) to produce amaranth seeds. Amaranth is a highly nutritious grain crop that is gaining popularity in Kenya. This partnership aims to increase the availability and accessibility of amaranth seeds for local farmers, supporting sustainable agriculture and improved food security in the region.

Product Description

Amaranth refers to a versatile and ancient grain belonging to the Amaranthaceae family, known for its rich nutritional profile and adaptability. The grain's seeds, typically less than a millimeter in diameter, are exceptionally dense in nutrients, making amaranth a significant and reliable source of essential nutrients. Rich in protein, particularly the amino acid lysine which is typically deficient in most cereal grains, amaranth provides complete protein for vegetarian and vegan diets, and, being high in dietary fiber, vitamins, and minerals such as calcium, magnesium, and iron, it offers a multitude of health benefits including improved digestion and bone health.

Amaranth seeds feature a nutty flavor and can be consumed whole, ground into flour, or popped like popcorn. They are used in a variety of culinary applications, from porridges and soups to breads and cereals. Apart from its nutritional value, the leaves of amaranth are edible. Coupled with this, they have high contents of vitamins A and C, which contribute to the plant's versatility.

Amaranth is notable for its fast-growing nature, often maturing within a few months, which allows for multiple harvests in a single growing season. This rapid growth cycle makes it an efficient crop for farmers. The plant also exhibits allelopathic properties and is also highly adaptable to various altitudes, from sea level to mountainous regions, making it a versatile crop globally. Amaranth's seeds are highly resilient to pests and diseases, which further contributes to its appeal in sustainable agriculture.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the amaranth price trend. 

Global Amaranth Price

The report offers a holistic view of the global amaranth pricing trends in the form of amaranth price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of amaranth, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed amaranth demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Amaranth Price

European amaranth prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

Detailed price information for amaranth can also be provided for an extensive list of European countries.

North America Amaranth Price

The analysis of amaranth prices in North America delves into the regional industry dynamics, encompassing the impact of local production and the trade flows between North America and other significant global markets.

Specific amaranth historical data within the United States and Canada can also be provided.

Middle East and Africa Amaranth Price

The report explores the amaranth pricing trends in the Middle East and Africa, considering factors like the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Amaranth Price

The amaranth pricing trends in the Asia Pacific are examined, reflecting the role of the region as a major global producer and consumer of agricultural products, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This amaranth price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Amaranth Price

The analysis of amaranth prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, agricultural output, and trade frameworks.

This comprehensive review can be extended to include specific countries within Latin America.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of amaranth pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting amaranth price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The amaranth price charts ensure our clients remain at the forefront of the industry.