What is Amaranth Oil Market?
Europe rules the market because of the popularity of amaranth seed oil in its different end-use ventures. Amaranth is the oil extricated from a blend of two seed species amaranthus cruentus and amaranthus hypochondriacus. Oil extricated from these plants basically contains non-polar lipid, particularly fatty substances. Amaranth oil is a light-hued clear fluid which is pourable at low temperature. These oils are exceptionally unsaturated with a fragile smell and taste. Amaranth oil's fixings, for example, squalene has against maturing, mitigating and hostile to oxidation properties. Additionally, it contains omega 3, omega 6, and omega 9 unsaturated fat which is a rich wellspring of protein and nutrients. It is additionally alluded to as a characteristic skin-indistinguishable compound that is effectively consumed by the body's skin. Relating to these properties, amaranth oil has acquired significance in the field of the individual consideration industry. Amaranth oil is utilized by different enterprises, for example, food, individual consideration, and the drug business. The food and individual consideration industry has the biggest piece of the pie as far as the use of amaranth oil. Amaranth oil can likewise be utilized as intermediates for the production of oils, elastic synthetics, aromatics, and surface-dynamic specialists. Amaranth oil is likewise utilized as food oil having a fragile and pleasant taste.
The market study is being classified by Type (Pharmaceutical Grade, Food Grade and Others), by Application (Cosmetics, Food Supplements, Pharmaceutical and Others) and major geographies with country level break-up.
Bio Company (U.S.), AMR Amaranth a.s (Czech Republic), RusOliva (Russia), Flavex naturextracte GmbH (Germany), Proderna Biotech Pvt. Ltd. (India), Allin Exporter (India), Crysalis (India), Surajbala Exports Pvt. Ltd. (India) and DevinezIndia (India) are some of the key players profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that India Vendors will contribute to the maximum growth of Global Amaranth Oil market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Amaranth Oil market by Type, Application and Region.
On the basis of geography, the market of Amaranth Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing demand from applications in food supplementary
- The increase in demand for cosmetic and personal care products made from natural ingredients
Market Trend
- Increasing online shopping
Restraints
- The high costs associated with infrastructure & production
Opportunities
- Emerging demand from the developing countries owing to increasing demand from the personal care and pharmaceutical industry
Challenges
- less developed markets lead to low production
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Amaranth Oil Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry