Sarasota, FL, Oct. 06, 2016 (GLOBE NEWSWIRE) — Zion Research has published a new report titled “Amaranth Oil Market (Cold Pressed, Supercritical Fluid Extraction (SFE), Organic Solvent) For Applications Cosmetic & Personal Care, Pharmaceutical, Food Supplements, and Fragrance: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021”. According to the report, the global amaranth oil market accounted for USD 461.5 Million in 2015 and is expected to reach USD 813.1 Million by 2021, growing at a CAGR of around 9.9 % between 2016 and 2021.
Amaranth oil is a slightly light to medium in color and clear liquid is extracted from the seeds of two species of the genus amaranthus — A. cruentus and A. hypochondriacus that are called, collectively, grain amaranth. It is highly unsaturated and pourable at low temperatures. Amaranth oil is a delicate, agreeable taste and aroma that has greater usage. It is also one of the best resources for omega series fatty acids. Amaranth seed oil has around 5-9% squalene in it which is well known for its several medicinal benefits like immune system strengthening, cell rejuvenation, and anti-oxidation properties. It also provides anti-aging and anti-inflammatory properties apart from being a natural skin identical chemical which is readily absorbed by the skin.
Browse through 32 Market Tables and 23 Figures spread over 110 Pages and in-depth TOC on “Global Amaranth Oil Market: By Type, Application, Benefits, Company Profile, Major Regions and Forecast 2015-2021”.
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The global amaranth oil market is primarily driven by its health benefits such as high nutrition value, temperature versatility, skin identical nature and high squalene content. Secondly, the rapid growth of pharmaceuticals and cosmetic & personal care segment is expected to drive the amaranth oil market. However, minimal to nil governmental support, the high cost of production and lack of raw material availability is expected to hinder the growth of amaranth oil market. Nonetheless, increased demand for dietary supplements and healthcare products in emerging countries is likely to open new avenues for amaranth oil market in near future.
On the basis of the type of extraction methods, there are three commonly known types of amaranth oil. such as organic solvent (hexane) extraction, supercritical fluid extraction, cold press extraction and others which are under development. Among all the cold press extraction method is most common due to the low production cost and low associated technology for extracting amaranth seed oil. However, due to the good quality and high yield of the oil which is procured during the process, supercritical CO2 extraction method is predictable to have the maximum growth rate.
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Globally, the demand for dietary supplements and cosmetic & personal care products is rapidly increasing across the globe. Amaranth oil is extensively used in the both the cosmetic & personal care and dietary supplements products Hence, the growing cosmetic & personal care and dietary supplements industry is in turn projected to augment the demand for amaranth oil within the forecast period. Pharmaceutical and fragrances applications are also anticipated to witness substantial growth within the forecast period.
Most of the companies in the amaranth oil market have small production capacities hence are restricted to supplying to a small region only. The high costs of production, high technology cost, and infrastructure costs, minimal governmental support, low acceptance of amaranth oil and low volumes of production are some of the factors which are restraining the companies from entering the market.
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North America was a supreme market for amaranth oil in 2015, due to the high demand for amaranth oil applications in dietary supplements. Owing to the several factors, the amaranth oil market had a strong demand from this region in previous years. One of the major factors for the strong demand is huge number of health conscious consumers in the region who play an important role in demand generation. Secondly, cosmetic players such as Amaranth Bio Company offer comprehensive amaranth oil products across North America. In Addition to that North America is the one of the leading manufacturer of cosmetic & personal care industry, this attributes are expected to exhibit the significant growth in near future.
Europe is one of the largest hubs in terms of manufacturing for cosmetics and personal care products. Across all regions, Europe has also been the biggest consumer of amaranth oil in the past few years. It is expected to continue its growth as there has been increase in demand for natural cosmetics and personal care products. The luxurious life style due to the increase in per capita income coupled health consciousness of the customers is a driving factor of the amaranth oil market.
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Furthermore, Asia Pacific is expected to be the fastest growing amaranth oil segment within the forecast period. Increasing in disposable income in emerging economies is expected to trigger the amaranth oil industry in the near future. Since the availability of raw material is high in Asia, the production of amaranth oil containing products expected to increase in the future. Hence, Asia-Pacific region is expected to witness better growth opportunity in time ahead.
Latin America is expected to have moderate growth during the years to come due to emerging technologies and increasing demand for cosmetics and personal care products. In Middle East and Africa, amaranth oil market is growing leisurely due to limited raw material supply in this region. However, increasing demand for natural ingredient-based cosmetics and a pharmaceutical product is likely to open new growth opportunities for the market in the near future.
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The amaranth seed oil market is mainly segregated with very few manufacturers in the market.
There are very few companies in amaranth seed oil market. Many of them are very small companies that supply regionally only. The companies such as Amaranth Bio Company, AMR Amaranth a.s, Proderna Biotech Pvt. Ltd., RusOliva, Flavex naturextracte GmbH are leading the market.
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This report segments the global amaranth seed oil market as follows:
Global Amaranth Oil Market: Type Segment Analysis
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