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Amaranth Seed Oil Market worth $2.75 billion by 2030, growing at a CAGR of 12.05% - Exclusive Report by 360iResearch
Amaranth Seed Oil Market | 360iResearch
The Global Amaranth Seed Oil Market to grow from USD 1.24 billion in 2023 to USD 2.75 billion by 2030, at a CAGR of 12.05%.
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Amaranth seed oil is a plant-based oil derived from the seeds of the amaranth plant, a species known for its high nutritional value and resilience. The importance of amaranth seed oil is attributed to its rich composition of unsaturated fatty acids, primarily linoleic acid (omega-6) and oleic acid (omega-9), as well as squalene, tocopherols, and phytosterols. Amaranth seed oil finds applications in numerous sectors, significantly in skincare and beauty products, due to its emollient and antioxidant properties. Furthermore, amaranth oil is used in the food and beverage industry and in aromatherapy and massage oils, capitalizing on its therapeutic benefits. The amaranth plant is relatively easy to cultivate and is resistant to drought and pests, making it a sustainable crop for many regions that may have otherwise unusable land. However, the production complexity of amaranth seed oil and the allergic reactions associated with it impact the product adoption. As the demand for amaranth seed oil grows, innovation and research are crucial to sustaining market growth. Market players are developing cost-effective extraction methods to lower production costs, breeding high-yield amaranth varieties resilient to climate change, and creating scientifically validated health claims to support marketing.
In the Americas, particularly in North America, amaranth seed oil is predominantly used as a nutritional supplement and in high-end cosmetic products due to its hydrating and anti-aging properties. The clean-label movement and the demand for natural ingredients in the United States and Canada have propelled its use in the food and beverage industry as a functional ingredient. Key players in the Americas operate on a smaller scale compared to global giants, focusing on producing high-quality, organic amaranth seed oil catering to health-conscious consumer bases. The APAC region sees a larger application of amaranth seed oil in traditional medicines and dietary practices. Countries such as China and India, with a long history of herbal medicine, incorporate amaranth seed oil as part of holistic remedies. The APAC region, especially India, is one of the leading producers of amaranth seed and its derivative products, including oil. The traditional significance and the integration of amaranth in regular agricultural practices support the large-scale production in this area. In the EMEA region, there is a growing trend for incorporating amaranth seed oil in the development of health supplements, particularly for heart health and cholesterol management. The European market demonstrates a substantial demand for organic and natural cosmetics, which includes products made with amaranth seed oil. Several Eastern European countries have increased their focus on amaranth production due to the crop's adaptability to different soils and climates.
Market Segmentation & Coverage:
This research report categorizes the Amaranth Seed Oil Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Extraction Process, market is studied across Cold Pressing Process, Organic Solvent Extraction Process, and Supercritical Fluid CO2 Extraction Process. The Cold Pressing Process is projected to witness significant market share during forecast period.
Based on Distribution Channel, market is studied across Offline and Online. The Offline is projected to witness significant market share during forecast period.
Based on End-Use, market is studied across Cosmetics & Personal Care, Food & Beverage, and Pharmaceuticals & Nutraceuticals. The Food & Beverage is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 39.28% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Amaranth Seed Oil Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Amaranth Seed Oil Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Amaranth Seed Oil Market, highlighting leading vendors and their innovative profiles. These include A.G. Organica, Aliapure, Amaranth Beteiligungs GmbH, Aromantic Ltd., Biopurus, Blue Labelle Skincare, Ekologie Forte Pvt. Ltd., Erbology, FLAVEX Naturextrakte GmbH, Garden of Wisdom, Kanha Nature oils, Keynote International, Lotus Garden Botanicals, M Plus Group Ltd., NHR Organic Oils, Organiczing, Praan Naturals by Natural Sourcing, LLC, Proderna Biotech Pvt. Ltd., Rising Sun Botanicals, SanaBio GmbH, Siberian Green Australia by Persimmon LLC, The Sun LLC, and W. ULRICH GmbH.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Amaranth Seed Oil Market, by Extraction Process
7. Amaranth Seed Oil Market, by Distribution Channel
8. Amaranth Seed Oil Market, by End-Use
9. Americas Amaranth Seed Oil Market
10. Asia-Pacific Amaranth Seed Oil Market
11. Europe, Middle East & Africa Amaranth Seed Oil Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Amaranth Seed Oil Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Amaranth Seed Oil Market?
3. What is the competitive strategic window for opportunities in the Amaranth Seed Oil Market?
4. What are the technology trends and regulatory frameworks in the Amaranth Seed Oil Market?
5. What is the market share of the leading vendors in the Amaranth Seed Oil Market?
6. What modes and strategic moves are considered suitable for entering the Amaranth Seed Oil Market?
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Description
Amaranth oil is extracted from the seeds of two species of the genus Amaranthus, A. cruentus and A. hypochondriacus, that are called, collectively, amaranth grain. Amaranth oil is a light to medium colored, clear liquid that is pourable at low temperatures.
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