According to a new market research report, “Amaranth Seed Oil Market by Extraction type (SFE, Cold Pressed, Organic Solvent, & Others), and by Application (cosmetic & personal care, pharmaceutical, food supplements, fragrance, & others) - Global Trends & Forecast to 2019”, defines and segments the amaranth seed oil market with an analysis and forecast of the market size in terms of value. The amaranth seed oil market size in terms of value is expected to grow to $700.6 million by 2019, at a significant CAGR from 2014 to 2019. It also determines the drivers and restraints of the amaranth seed oil market with an analysis of trends, opportunities, burning issues, and winning imperatives.
Amaranth seed oil has been in huge demand for applications in cosmetic and pharmaceutical sectors due to its various beneficial properties such as anti-aging, anti-oxidation, anti-inflammation, strengthened immune system, cell rejuvenation, and many more. Amaranth oil has around 5-9% of squalene. The other constituents have found applications for amaranth oil in food supplements, aromatics (fragrance), and in high grade lubricant additives.
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In terms of region, Europe was the biggest consumer of amaranth oil in 2013 and is expected to continue its growth till 2019 as an effect of the increase in demand for natural cosmetics and personal care products. North America is expected to have the highest growth rate in the market till 2019 due to the demand for amaranth oil applications in dietary supplements
The amaranth seed oil market has very little to nil governmental support which has proved to be the biggest restraining point for this market. Despite the restraint, the market is driven by the beneficial advantages of amaranth oil which are the biggest drivers for this market.
The amaranth seed oil market is largely segregated with very few players in the market. The majority of the companies are very small that supply regionally only. The amaranth seed oil market is expected to see a number of collaboration activities till 2019. Amaranth Bio Company (U.S.), AMR Amaranth a.s (Czech Republic), and RusOliva (Russia.), are the leading companies in the amaranth seed oil market.
The report also covers the amaranth seed oil market and its trends on the basis of applications which are cosmetic & personal care, food supplements, pharmaceutical, aroma, and others like high grade lubricant & rubber chemical additives. Cosmetics and personal care industry is the biggest consumer of the amaranth seed oil market which accounted for a market share of around 40% in 2013. The segment is expected to continue to grow at a good rate due to the increase in demand for cosmetic & personal care products made from natural ingredients. The pharmaceutical segment is expected to have the highest growth rate in the market with an increasing use of natural chemicals in medicinal formulations.
Amaranth seed oil is most commonly extracted using Supercritical CO2 extraction, cold press extraction, organic solvent (hexane) extraction, and others which are under development. Cold press extraction is the most used method for extracting amaranth seed oil due to the low associated technology and production cost as well as the high level of nutrients that are preserved by the process. Supercritical CO2 extraction for amaranth seed oil is expected to have the highest growth rate in the market on account of the high yield and good quality of the oil that is procured through the process.About MarketsandMarkets
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