Brazil Amaranth Market Outlook

the brazil amaranth market is expected to witness a steady growth over the period 2018-2032. the market growth is driven by increasing population, rising demand for biofuel, healthy diets and lucrative export opportunities. brazil is increasingly becoming a destination for amaranth production, owing to the favourable climatic conditions and government subsidies. some of the factors which will drive the demand for amaranth in brazil are the increasing health consciousness in the population, along with rising consumer preference for for natural ingredients in their diets. the brazilian government has introduced incentives that are helping farmers to venture into the production of amaranth and include subsidies for purchasing equipment and electrification of fields. in addition, the government is also encouraging farmers to “pull” money out from their land and not just “push” money into the market, and to focus their production and resources on higher return crops. in terms of imports, brazil imported amaranth from the usa, spain, and mexico in 2018. however, due to the import tariff imposed on amaranth, these imports are often expensive and thereby, have limited market availability. the export market for amaranth present several lucrative opportunities for brazilian farmers. amaranth is a popular export crop, with germany, mexico, uk, and usa as the major export destinations of amaranth from brazil. in terms of production, brazil has been one of the world’s leading producers of amaranth over the last decade. the major producing region is typically the northern part of the country, given its tropical climate and prevalent large-scale farms producing the crop. in conclusion, brazil’s amaranth market outlook is expected to remain positive over the forecast period. increasing population, rising demand for biofuel, healthy diets are some of the major factors that are expected to drive the demand for the crop in brazil over the forecast period. furthermore, the favourable incentives and export opportunities are expected to further fuel the growth of the amaranth market in brazil.