Amaranth Seed Oil Market by Extraction Process (Cold Pressing Process, Organic Solvent Extraction Process, Supercritical Fluid CO2 Extraction Process), Distribution Channel (Offline, Online), End-Use - Global Forecast 2024-2030

Amaranth Seed Oil Market by Extraction Process (Cold Pressing Process, Organic Solvent Extraction Process, Supercritical Fluid CO2 Extraction Process), Distribution Channel (Offline, Online), End-Use - Global Forecast 2024-2030

The Amaranth Seed Oil Market size was estimated at USD 1.24 billion in 2023 and expected to reach USD 1.38 billion in 2024, at a CAGR 12.05% to reach USD 2.75 billion by 2030.

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 as a dietary supplement 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.

Regional Insights

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 Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Amaranth Seed Oil Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Increasing awareness of the health benefits of amaranth seed oil
• Rising demand for natural ingredients in cosmetic and skincare applications
• Exponential utilization of amaranth seed oil in functional foods

Market Restraints

• Concerns associated with allergy profile of amaranth seed oil

Market Opportunities

• Advancements in the production and formulation of amaranth seed oil
• Proliferating distribution of amaranth seed oil through online channels

Market Challenges

• Complex production and manuafcturing process to develop quality amaranth seed oil

Market Segmentation Analysis

• Extraction Process: Adoption of the cold pressing process to develop amaranth seed oil with a high level of purity and a robust nutritional profile
• Distribution Channel: Availability of a broader range of amaranth seed oil products and brands through online channels
• End-Use: Increasing use of amaranth seed oil for the production of organic cosmetic line

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Amaranth Seed Oil Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Amaranth Seed Oil Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Evonik Launches GMP-Quality Plant-Based Squalene

Evonik Industries AG has announced the availability of PhytoSquene, a non-animal-derived squalene sourced from amaranth seed oil, now produced in compliance with Good Manufacturing Practices (GMP). Conforming to European Pharmacopoeia standards, PhytoSquene supports the pharmaceutical industry's transition to plant-based ingredients, aligning with Evonik’s mission to significantly increase its portfolio of Next Generation Solutions.

Nutricircle Launches Plant Protein Isolates

Nutricircle, a Hyderabad-based enterprise with a foundation in scientific research and development, launched a novel range of nutrition-infused plant protein isolates. Nutricircle's strategic launch at AAHAR was motivated by the dual goals of promoting protein-rich diet choices and engaging with nutraceutical entities to further the reach of their sustainable and health-oriented products.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Amaranth Seed Oil Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

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.

Market Segmentation & Coverage

This research report categorizes the Amaranth Seed Oil Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Extraction Process
• Cold Pressing Process
• Organic Solvent Extraction Process
• Supercritical Fluid CO2 Extraction Process
• Distribution Channel
• Offline
• Online
• End-Use
• Cosmetics & Personal Care
• Food & Beverage
• Pharmaceuticals & Nutraceuticals
• Region
• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year