Amaranth
seed oil extracted from seeds of two species known as A. cruentus and
A. hypochondriacus. Amaranth seed oil is light colored, clear liquid
with agreeable aroma and taste and an excellent source of fatty
acids. Amaranth seed oil is a rich source of squalene which helps in
improving biological functions of a body such as storing energy,
signaling, and acting as structural components of cell membranes.
Amaranth seed oil have application in food industry, cosmetic
industry, and pharmaceutical industry etc, thus increasing market
demand from various industrial applications. Central America is
considered to be birthplace of the amaranth. Amaranth seed oil is
used as an antidepressant, anti-inflammatory, anti-fungal, analgesic
and anti-bacterial in cosmetics as well as in medical industry.
Amaranth seed oil has multiple health benefits such as it helps in
bone development, improve digestive health, improves vision, helps in
hair health etc.
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Depending
on geographic regions global amaranth seed oil market is segmented
into five key regions: North America, Latin America, Europe, Middle
East and Africa and Asia Pacific. Central America is the birthplace
of amaranth seed. Amaranth seed is traced in countries such as
Mexico, Africa, India, Russia, South America, China, North America
etc. As a result of increasing demand for amaranth seed oil in
cosmetic and pharmaceutical markets, Europe is the considered as a
major consumer market for amaranth seed oil in near future. North
America market is expected to grow with highest CAGR over the
forecast period in global amaranth seed oil market due to its
application in dietary supplements.
Application
of amaranth seed oil in industries such as food industry, cosmetic
industry, pharmaceutical industry etc. is driving the growth of
amaranth seed oil market globally. Use of organic products in
cosmetic industry is increasing its demand, in turn growing demand
for organic amaranth seed oil- based products in global market.
Increasing demand for natural cosmetics as well as natural
pharmaceutical products is a major factor expected to drive market
growth over the forecast period. Amaranth seed oil has multiple
health benefits such as it helps in bone development, improves
digestive health, improves cardiovascular health, improves vision
etc. which is driving market demand. Amaranth seed oil also helps in
weight loss when used in diet which makes it popular in health
conscious consumers’ in turn fueling market demand. Antidepressant,
anti-inflammatory, anti-fungal, analgesic and anti-bacterial
properties of amaranth seed oil in cosmetics and pharmaceuticals are
the major factors drivers for growing demand of amaranth seed oil in
global market.
The
global amaranth
seed oil market is fragmented with various key players. Some
of the key players identified across the value chain of the global
amaranth seed oil market include AMR Amaranth a.s., Erbology,
Proderna Biotech Pvt. Ltd., FLAVEX Naturextrakte GmbH, BCG
Baden-Baden Cosmetics Group GmbH etc. Considering at the increasing
demand from global markets various new entries are expected in the
amaranth seed oil market at regional as well as global level.
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