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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Market
Segmentation: Amaranth Seed Oil
The
amaranth seed oil market is segmented on the basis of its application
in various industries such as food industry, cosmetic industry,
pharmaceutical industry etc. As a rich source of protein, vitamins
amaranth oil it is used in food supplement in foodstuffs. Amaranth
seed oil is also used as animal feed additive and for high nutrition
for farm animals. In cosmetics industry, amaranth seed oil as a
source of antioxidant is used as lotion or topical for its
anti-aging, reducing fine lines and wrinkles etc. properties. In
pharmaceutical industry, amaranth seed oil is use in formulation of
pharmaceutical compositions beneficial for cell rejuvenation, improve
immune system etc. Thus the growth of the application segments and
increasing demand for natural oils is factor driving growth of the
amaranth seed oil market globally.
The
amaranth seed oil market is segmented on the basis of extraction type
as supercritical fluid extraction, cold pressed extraction, organic
solvent extraction etc. In supercritical fluid extraction, amaranth
seed oil is extracted using supercritical carbon dioxide instead of
organic solvent. In cold pressed extraction, amaranth seed oil is
extracted by crushing amaranth seeds and forcing out the oil. In
organic solvent extraction, amaranth seed oil is extracted using
organic solvents such as toluene, benzene, xylene etc. Supercritical
fluid extraction and cold pressed extraction are the majorly used
extraction methods in globally to obtain pure amaranth seed oil which
is demanded in the market.
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Global
Amaranth Seed Oil Market: Regional Outlook
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.
Global
Amaranth Seed Oil Market: Drivers and Trends
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.
Global
Amaranth Seed Oil: Key Players
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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