Amaranth Oil Market Outlook
According to the report by Expert Market Research (EMR), the global amaranth oil market Size, is projected to grow at a CAGR of 10% between 2023 and 2028. Aided by the rising demand for nutrient-rich food and skincare products and the widening applications of amaranth oil in various industries, the market is expected to grow significantly by 2028.
Amaranth oil is a light-to-medium golden oil derived from the seeds of the amaranth plant. Renowned for its rich nutritional profile, it is packed with proteins, vitamins, minerals, and essential fatty acids. Apart from its nutritional benefits, amaranth oil also exhibits exceptional moisturising, anti-inflammatory, and antioxidant properties, making it a versatile ingredient in various industries, including food and beverages, cosmetics, pharmaceuticals, and nutraceuticals.
The global amaranth oil market growth is being fuelled by consumers’ rising choice for nutrient-rich dietary products. Amaranth oil demand has increased as a result of a significant shift towards using such ingredients in diets due to the growing understanding of the health advantages connected with the consumption of nutrient-dense foods. The popularity of amaranth oil, which is frequently preferred for its natural, non-GMO, and gluten-free features, has also increased as a result of the growing trend of clean and organic eating.
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The market for amaranth oil is also being driven by the rising uses of the oil in various sectors. Amaranth oil is employed in the pharmaceutical industry for its anti-inflammatory and antioxidant qualities, which help in the creation of numerous therapeutic products. Amaranth oil is used in the cosmetics sector because of its excellent moisturising and anti-ageing characteristics, which are crucial in the development of numerous skincare products. Additionally, due to its nutritional advantages, amaranth oil is a widely used component in the production of nutraceuticals and dietary supplements.
The emphasis on amaranth oil as a functional ingredient has also grown as a result of the industry’s expanding need for plant-based substitutes. Amaranth oil has become a vital component in the creation of vegan, gluten-free, and other dietary-specific products due to the rise of veganism and the rising popularity of plant-based diets, which is fuelling the amaranth oil market expansion.
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Amaranth Oil Market Segmentation
The market can be divided based on extraction type, application, and region.
Market Breakup by Extraction Type
- Supercritical CO2 Extraction
- Organic Solvent Extraction
- Cold Pressing
- Others
Market Breakup by Application
- Personal Care and Cosmetics
- Pharmaceuticals
- Aromatics
- Food Supplements
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global amaranth oil companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Amaranth Bio Company
- AMR Amaranth A.S.
- Proderna Biotech Pvt. Ltd.
- Rusoliva Pvt. Ltd.
- Nans Products Pvt. Ltd.
- FLAVEX Naturextrakte GmbH
- Others
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