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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Amaranth Oil Market Outlook
The global amaranth oil industry is expected to grow at a CAGR of nearly 10% in the forecast period of 2024-2032.
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United States Significantly Dominates the Market
In the United States, the amaranth crop is extensively used for seed production and oil extraction. The numerous benefit of amaranth oil makes it useful in range of industries like personal care and cosmetics, pharmaceuticals, and aromatics, among others. It is a common health food item in grocery stores there due to its nutritional properties. In other countries like India, Nepal, China, among others amaranth oil is gaining traction. Though, the price of the oil is relatively high, the valuable characteristics of the amaranth oil, like anti-inflammation, anti-aging, moisturizing etc., combined with its adoption to a variety of areas, make it a very promising crop for the future.
Amaranth Oil: Market Segmentation
Amaranth oil is extracted from the seeds of amaranth (Amaranthus caudatus L.), a plant in the amaranthaceae family. The caudatus species are used for the purpose of the oil. Many parts of the plant are edible, like the seeds and leaves. Its tiny seeds contain five to six percent of high-quality oil.
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The market, based on extraction type, comprises of:
- Supercritical CO2 Extraction
- Organic Solvent Extraction
- Cold Pressing
- Others
Based on applications, the market is segmented into:
- Personal Care and Cosmetics
- Pharmaceuticals
- Aromatics
- Food Supplements
- Others
The regional markets can be classified into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
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Skin Benefits of Amaranth Oil to Boost its Demand in the Market
The amaranth oil is rich in natural tocopherols (Vitamin E complex) and has abundant unsaturated fatty acids like linoleic acid and oleic acid, and omega 6 and 9 fatty acid and thus is extremely beneficial for skin. It is therefore used as a base oil for nourishing dry, damaged, or aging skin. It has high quantity of antioxidant squalene which ensures great shape, smoothness, and moisture retention for skin. It is ideal for use in sunscreen products given its natural ability to absorb UV radiation. With so many benefits for the skin, amaranth oil finds extensive utilisation in personal care and cosmetics industry. In recent times, personal care and beauty products have seen a boom due rising likeliness of consumers with change in preferences. People today invest more time and money in skin protecting and maintaining products. This will act as a key driver in the rising growth of amaranth oil in coming years. It is also a fragrant substance which is used for aromatic and therapeutic uses.
Key Industry Players in the Global Amaranth Oil Market
The report presents a detailed analysis of the following key players in the global amaranth oil market looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Amaranth Bio Company
- AMR Amaranth A.S.
- Proderna Biotech Pvt. Ltd.
- Rusoliva Pvt. Ltd.
- Nans Products Pvt. Ltd.
- FLAVEX Naturextrakte GmbH
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Extraction Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of nearly 10% in the forecast period of 2024-2032.
The major drivers of the industry include the rising population, rising disposable income, and skin benefits offered by amaranth oil due to presence of abundant unsaturated fatty acids.
The rising preference to personal care among the consumers will act as an important trend.
The major markets involve North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
Supercritical CO2 extraction, organic solvent extraction, cold pressing, among others are the extraction types of amaranth oil.
The application is involved in personal care and cosmetics, pharmaceuticals, aromatics, food supplements, among others.
The leading players in the market are Amaranth Bio Company, AMR Amaranth A.S., Proderna Biotech Pvt. Ltd., Rusoliva Pvt. Ltd., Nans Products Pvt. Ltd., and FLAVEX Naturextrakte GmbH, among others.
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