The report “Amaranth Oil Market by Extraction Type (Cold Pressed, SFE, Organic Solvent), and Application (Cosmetic & Personal Care, Pharmaceutical, Food Supplements, Fragrance) - Global Trends & Forecast to 2019” defines and segments the amaranth seed oil market with an analysis and forecast of the market size in terms of value. The amaranth seed oil market size in terms of value is expected to grow to $700.6 million by 2019, at a CAGR of 11.9% from 2014 to 2019. It also determines the drivers and restraints of the amaranth seed oil market with an analysis of trends, opportunities, burning issues, and winning imperatives.
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Key content of this market:
The amaranth seed oil market is expected to grow at a good CAGR of 11.9% over the next five years to be worth $700.6 million by 2019.Europe dominates the market due to the high demand for amaranth seed oil in its various end use industries. Although the European economy has still not recovered from the Euro crisis, it is expected to continue to lead this market, followed by North America and Asia-Pacific.
The factors that drive the growth in amaranth seed oil market include the beneficial properties of amaranth oil such as high squalene content, high nutrition value, its skin identical nature, and temperature versatility. The factors that prove to be a hindrance in the growth of the market are high cost of production, minimal to nil governmental support, and lack of raw material availability.
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The amaranth seed oil market has very little to nil governmental support which has proved to be the biggest restraining point for this market. Despite the restraint, the market is driven by the beneficial advantages of amaranth oil which are the biggest drivers for this market.
The amaranth seed oil market is largely segregated with very few players in the market. The majority of the companies are very small that supply regionally only. The amaranth seed oil market is expected to see a number of collaboration activities till 2019. Amaranth Bio Company (U.S.), AMR Amaranth a.s (Czech Republic), and RusOliva (Russia.), are the leading companies in the amaranth seed oil market.
The report also covers the amaranth seed oil market and its trends on the basis of applications which are cosmetic & personal care, food supplements, pharmaceutical, aroma, and others like high grade lubricant & rubber chemical additives. Cosmetics and personal care industry is the biggest consumer of the amaranth seed oil market which accounted for a market share of around 40% in 2013. The segment is expected to continue to grow at a good rate due to the increase in demand for cosmetic & personal care products made from natural ingredients. The pharmaceutical segment is expected to have the highest growth rate in the market with an increasing use of natural chemicals in medicinal formulations.
The amaranth seed oil market is analyzed in terms of volume (tons) and value ($million) for all regions, and its respective major countries. The revenues from each region have been broken down by the major end-user industries, namely, cosmetic & personal care, food supplements, pharmaceuticals, and aroma (fragrance).
For this report, various secondary sources such as encyclopedia, directories, technical handbooks, company annual reports, industry association publications, world economic outlook, trade websites, and databases have been referred to identify and collect information useful for this extensive commercial study of the amaranth seed oil market. The primary sources experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects and market estimations.