Global Amaranth Oil Market – Industry Trends and Forecast to 2031

Global Amaranth Oil Market, By Extraction Type (Supercritical Fluid Co2 Extraction Process, Cold Pressing Process, Organic Solvent (Hexane) Extraction Process, and Others), Packaging Type (HDPE Carboy, Aluminum Bottles, G.I. Drums, and Others), Category (Conventional and Organic), Application (Cosmetics and Personal Care, Dietary Supplements, Aromatics, Pharmaceuticals, and Others) – Industry Trends and Forecast to 2031.

Amaranth Oil Market Analysis and Size

In the amaranth oil market, products are available in both conventional and organic variants. Conventional amaranth oil, such as the one offered by Nature's Way, caters to mainstream consumers seeking affordability and convenience. Organic options, such as those from Organic India, appeal to health-conscious consumers looking for pesticide-free, sustainably produced oils. Both variants offer nutritional benefits and are utilized in various applications.

Data Bridge Market Research analyses that the global amaranth oil market, which was USD 763.76 million in 2023, is expected to reach 1,837.68 million by 2031, at a CAGR of 11.6% during the forecast period 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Amaranth Oil Market Scope and Segmentation  

Market Definition

Amaranth oil is a natural oil extracted from the seeds of the amaranth plant, known for its high nutritional value and therapeutic properties. Rich in unsaturated fatty acids, vitamins, and antioxidants, it is utilized in food, pharmaceuticals, and cosmetics for its potential health benefits, including anti-inflammatory and cardioprotective effects.

Global Amaranth Oil Market Dynamics

Drivers

• Rising Disposable Incomes Lead to Increased Spending

As disposable incomes rise, consumers have more purchasing power, leading to increased spending on health and wellness products such as amaranth oil. With a growing awareness of its nutritional benefits and therapeutic properties, consumers are willing to invest in premium-quality oils. This trend drives demand within the amaranth oil market, fueling growth and innovation. Consequently, as disposable incomes continue to increase, they serve as a significant driver propelling the expansion of the market.

• Expanding Distribution Channels Improve Market Accessibility

The amaranth oil market benefits significantly from expanding distribution channels, which enhance market accessibility. With the proliferation of online platforms, specialty stores, and supermarkets, consumers have easier access to amaranth oil products. This increased availability broadens the market reach, attracting more consumers who seek natural and nutritious products. As accessibility improves, the demand for amaranth oil rises, stimulating market growth. Therefore, expanding distribution channels serve as a crucial driver propelling the expansion of the amaranth oil market.

Opportunities

• Growing Consumer Awareness about Health Benefits

With a heightened focus on health and wellness, consumers seek natural and nutrient-rich products. Amaranth oil, renowned for its high antioxidant and omega-3 content, aligns perfectly with this trend. As awareness grows, there's an increased demand for such functional foods and supplements, offering ample opportunities for market expansion and product diversification to cater to evolving consumer preferences.

• Collaborations with Food and Cosmetic Manufacturers

Partnering with the food and cosmetic industries allows for the development of innovative products incorporating amaranth oil, such as health-focused foods and natural skincare products. Leveraging the expertise and distribution networks of these manufacturers enhances market visibility and accessibility, tapping into a broader consumer base. By aligning with established brands, amaranth oil suppliers can capitalize on consumer trust and preferences, driving growth and market expansion.

Restraints/Challenges

• Storage and Shelf-Life Challenges for Amaranth Oil

Limited shelf-life may result in product spoilage and decreased product quality over time, leading to consumer dissatisfaction and reduced demand. Additionally, the requirement for specialized storage conditions further complicates distribution logistics and increases operational costs for manufacturers and retailers. Consequently, these challenges may constrain market growth by limiting product availability and impacting consumer trust in the quality and efficacy of amaranth oil.

• Regulatory Hurdles in Some Regions Impede Expansion

The regulatory hurdles impede the expansion of market reach and limit the availability of amaranth oil products to consumers. Such challenges may lead to disparities in product accessibility across different regions, hindering market growth and potential revenue streams. Additionally, inconsistent regulatory frameworks may deter investment and innovation in the industry, impacting product development and overall market competitiveness on a global scale.

This global amaranth oil market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global amaranth oil market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In 2020, Russian Oliva launched a new website to enhance product accessibility for consumers, aiming to expand its digital customer base. This strategic move is expected to drive revenue growth within the amaranth oil market by offering a user-friendly platform for purchasing amaranth oil products

Global Amaranth Oil Market Scope

The global amaranth oil market is segmented on the basis of extraction type, packaging type, category and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Extraction Type

• Supercritical Fluid Co2 Extraction Process
• Cold Pressing Process
• Organic Solvent (Hexane) Extraction Process
• Others

 Packaging Type

• HDPE Carboy
• Aluminum Bottles
• G.I. Drums
• Others

Category

• Conventional
• Organic

Application

• Cosmetics and Personal Care
• Dietary Supplements
• Aromatics
• Pharmaceuticals
• Others
• Fragrance

Global Amaranth Oil Market Regional Analysis/Insights

The global amaranth oil market is analysed and market size insights and trends are provided by extraction type, packaging type, category and application as referenced above.

The countries covered in the global amaranth oil market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

Europe leads the global amaranth oil market due to heightened awareness of its health benefits and rising demand in the region. Germany emerges as the dominant country within this market, reflecting its strong consumer base and robust demand for amaranth oil products.

In Asia-Pacific, the China dominates the global amaranth oil market due to surging demand for essential oils and growing acceptance of natural products.

In North America, the U.S. dominates the market due to its large consumer base, high awareness of health benefits, and extensive adoption of natural and wellness products.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Global Amaranth Oil Market Share Analysis

The global amaranth oil market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global amaranth oil market.

Some of the major players operating in the global amaranth oil market are:

• FLAVEX Naturextrakte GmbH (Germany)
• Ziani Organic Oils (Germany)
• Sunsoil Pvt. Ltd (India)
• Nature Pure Extracts Inc (India)
• O&3 Limited (U.K.)
• Plamil (U.K.)
• Amrtamyawellness (India)
• Aryan Group (India)
• Zhejiang Binmei Biotechnology Co., Ltd. (China)
• BIOMETRIC LIFESCIENCES (India)