Global Amaranth Seed Oil Market Overview
The Amaranth Seed Oil Market Size was estimated at 2.04 (USD Billion) in 2022.The Amaranth Seed Oil Industry is expected to grow from 2.25(USD Billion) in 2023 to 5.34 (USD Billion) by 2032. The Amaranth Seed Oil Market CAGR (growth rate) is expected to be around 10.09% during the forecast period (2024 - 2032).
Key Amaranth Seed Oil Market Trends Highlighted
Key market drivers for amaranth seed oil include rising consumer awareness of its health benefits, increasing demand for high-oleic oils, and growth in the functional food and beverage industry. The oil is rich in antioxidants and essential fatty acids, which are linked to improved cardiovascular health, reduced inflammation, and cognitive function.Opportunities for growth in the amaranth seed oil market lie in the expansion of the vegan and vegetarian population, the growing popularity of ,clean-label products, and the proliferation of online retail platforms. Consumers are increasingly seeking plant-based alternatives to traditional cooking oils, and amaranth seed oil offers a unique combination of health benefits and culinary versatility.Recent trends in the amaranth seed oil market include the development of organic and cold-pressed varieties, the incorporation of the oil into skincare and cosmetic products, and the emergence of amaranth seed oil-based mayonnaise and dressings. These innovations cater to the growing demand for sustainable, minimally processed, and functional food products.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Amaranth Seed Oil Market Drivers
Growing Health Consciousness and Demand for Plant-Based Oils
Consumers are becoming increasingly health-conscious and seeking natural and plant-based alternatives to traditional oils. Amaranth seed oil is gaining popularity due to its high nutritional value, rich in essential fatty acids, antioxidants and vitamins. Its anti-inflammatory and cholesterol-lowering properties further contribute to its appeal among health-savvy consumers. The rising demand for plant-based oils in various applications, including cooking, salad dressings, and dietary supplements, is driving the growth of the Amaranth Seed Oil Market Industry.
Expansion of the Food and Beverage Industry
Amid the expansion of the food and beverage industry, the Amaranth seed oil is witnessing huge demand. Besides, its explosion applies to its great taste and nutritional value. By application, it is extensively used across the food product ranges such as processed food, snacks, baked foods, and many other types of food. Moreover, it is expanding rapidly as people are extremely more oriented toward gluten-free food and vegan food, and they recognize it as a component due to the increased awareness of ethnic food.
Technological Advancements and Increased Production
Over the last decade, the Amaranth Seed Oil Market Industry has been steadily developing. Both quality and extraction and processing methods have improved, producing a higher overall yield. Moreover, as the use of this oil expands across other industries, the oil is now more available than ever before. At the same time, the expansion of amaranth cultivation in some regions has assured the stable supply of raw materials as well. This means amaranth oil is easier to come by and less expensive; hence, its market availability increases.
Amaranth Seed Oil Market Segment Insights
Amaranth Seed Oil Market End Use Industry Insights
The Amaranth Seed Oil Market is segmented by End Use Industry into Food and Beverage, Cosmetics and Personal Care, Nutraceuticals, and Industrial applications. The Food and beverage segment should hold the highest share of the Amaranth Seed Oil Market in 2023. Since food and drinks produced from amaranth seed oil are healthy and nutritious, it has an increasing demand. Amaranth seed oil is a rich source of essential fatty acids, vitamins, and minerals, which makes it an ideal ingredient for a variety of food and beverage products such as salad dressings, cooking oils, and baked goods.The growing awareness of the health benefits of amaranth seed oil is driving demand for this segment. The cosmetics and personal care segment should experience the highest growth in the following years. For this reason, there is an increasing demand for natural and organic personal care products, and amaranth seed oil is a natural moisturizer and antioxidant. The nutraceuticals segment should also be one of the high-interest segments of the Amaranth Seed Oil Market. There is an increasing demand for effective nutraceuticals, and amaranth seed oil is a rich source of essential fatty acids, vitamins, and minerals.Therefore, it is used in dietary supplements, sports nutrition products, and functional foods. The industrial applications segment should hold a low share of the market since it is also expected to grow in the following years. Amaranth seed oil is used in lubricants, paints, and coatings. Most of the customers of these products demand sustainable and environmentally friendly products. Consequently, the market is expected to experience growth throughout the forecast period driven by the demand for healthy and nutritious food, natural and organic personal care and effective nutraceutical products. 
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Amaranth Seed Oil Market Sales Channel Insights
In terms of sales channels, the Amaranth Seed Oil Market is segmented into online and offline (retail stores, supermarkets, hypermarkets). The offline channel currently dominates the market, accounting for a larger share of the Amaranth Seed Oil Market revenue. This is primarily due to the widespread availability of amaranth seed oil in physical stores, as well as the preference of consumers to purchase food and beverage products from brick-and-mortar stores. However, the online channel is expected to grow at a faster pace in the coming years, driven by the increasing popularity of e-commerce and the convenience of home delivery.
Amaranth Seed Oil Market Application Insights
The application segment of the Amaranth Seed Oil Market plays a crucial role in defining the market's growth trajectory. Dietary supplements, edible oils, skin care products, hair care products, and industrial lubricants are the key application areas that contribute significantly to the market revenue. Dietary supplements, particularly those focused on promoting heart health and reducing inflammation, are expected to witness a surge in demand, driving the growth of the Amaranth Seed Oil Market. Edible oils, owing to their rich nutrient content and culinary versatility, are projected to maintain a steady market share.Skin care products, leveraging the antioxidant and anti-aging properties of Amaranth Seed Oil, are anticipated to experience significant growth, catering to the rising demand for natural and effective skincare solutions. Hair care products utilizing Amaranth Seed Oil's nourishing and strengthening attributes are also poised for growth, driven by increasing consumer awareness of hair health. Industrial lubricants, benefiting from Amaranth Seed Oil's high viscosity and thermal stability, are expected to gain traction in various industrial applications, further propelling the market growth.These diverse applications, coupled with the growing adoption of Amaranth Seed Oil across industries, are expected to positively impact the Amaranth Seed Oil Market's revenue in the years to come.
Amaranth Seed Oil Market Extraction Method Insights
The Amaranth Seed Oil Market segmentation by extraction method highlights Cold Pressing, Hot Pressing, and Solvent Extraction as the primary techniques used to extract oil from amaranth seeds. Cold pressing, a mechanical method, preserves the oil's nutrients and flavor, making it a preferred choice for premium products. This segment held a significant market share of 42% in 2023 and is projected to grow at a CAGR of 10.5% over 2024-2032. Hot pressing, another mechanical method, involves heat to increase oil yield, but it may compromise some nutrients.Solvent extraction, using chemicals like hexane, offers high oil yield but requires additional processing to remove residual solvents. As a result, its market share is expected to remain modest in the coming years.
Amaranth Seed Oil Market Regional Insights
The regional segmentation of the Amaranth Seed Oil Market offers valuable insights into the market's geographic distribution and growth potential. North America holds a significant market share due to the growing demand for amaranth seed oil in the food and beverage industry, with projected values of 0.696 billion USD in 2023 and 1.482 billion USD by 2032. Europe follows closely, driven by increasing health consciousness and the adoption of plant-based diets, with values of 0.559 billion USD in 2023 and 1.188 billion USD by 2032. The APAC region is projected to witness substantial growth in the coming years, attributed to rising disposable incomes and changing dietary preferences, with values of 0.435 billion USD in 2023 and 1.459 billion USD by 2032. South America is expected to contribute moderately to the overall market growth, with projected values of 0.249 billion USD in 2023 and 0.520 billion USD by 2032, along with MEA, which is expected to see values of 0.311 billion USD in 2023 and 0.690 billion USD by 2032, driven by increasing awareness about the health benefits of amaranth seed oil.These regional insights provide crucial data for businesses operating in the Amaranth Seed Oil Market, enabling them to tailor their strategies and capitalize on emerging opportunities in specific regions. 
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Amaranth Seed Oil Market Key Players And Competitive Insights
Major players in Amaranth Seed Oil Market industry are constantly striving to gain a competitive edge by investing in research and development, expanding their product portfolios, and strengthening their distribution networks. Leading Amaranth Seed Oil Market players are focusing on developing innovative products that cater to the evolving needs of consumers. They are also exploring new markets and expanding their geographic reach to drive growth. The Amaranth Seed Oil Market landscape is characterized by intense competition, with key players vying for market share through strategic initiatives. Companies are adopting various strategies, such as mergers and acquisitions, partnerships, and collaborations, to enhance their market position. The competitive dynamics of the Amaranth Seed Oil Market are expected to remain dynamic in the coming years, with ongoing technological advancements and changing consumer preferences shaping the industry landscape.A leading company in the Amaranth Seed Oil Market, XYZ Corporation, has established a strong brand reputation and a loyal customer base. The company offers a comprehensive range of Amaranth Seed Oil products, including organic, cold-pressed, and refined oils. XYZ Corporation is known for its commitment to quality and sustainability, and it adheres to strict production standards. The company has a distribution network and caters to a diverse range of customers, including food manufacturers, cosmetic companies, and health food stores. XYZ Corporation is continuously expanding its product line and exploring new markets to maintain its leadership position in the Amaranth Seed Oil industry.Another key player in the Amaranth Seed Oil Market, ABC Company, has gained significant market share through its innovative product offerings and strategic partnerships. The company specializes in producing high-quality, organic Amaranth Seed Oil that meets the growing demand for natural and healthy ingredients. ABC Company has invested heavily in research and development to develop new products and applications for Amaranth Seed Oil. The company has also established partnerships with leading food and beverage companies to expand its distribution channels and reach a wider customer base. ABC Company is committed to sustainable practices and is actively involved in promoting the benefits of Amaranth Seed Oil to consumers worldwide.
Key Companies in the Amaranth Seed Oil Market Include
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Natural Vitamin Health LLC
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Olivado Ltd
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The Functional Food Co.
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Livwell Inc.
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Australian Superfoods
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Corvus Blue Llc
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Bioway (Shanghai) Health Industry Co., Ltd.
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Stellar Biotechnologies Pvt. Ltd
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Hain Celestial
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OSI Europe B.V.
Amaranth Seed Oil Market Industry Developments
The amaranth seed oil market is projected to be valued at USD 2.25 billion in 2023, witnessing a CAGR of 10.09% between 2024 and 2032. Rising consumer awareness about the nutritional benefits of amaranth seed oil, coupled with its increasing use in food and beverage, personal care, and pharmaceutical applications, is driving market growth. The growing demand for natural and organic products, particularly in developed regions, is further propelling the market forward. In line with this trend, several key players are investing in research and development to enhance the quality and functionality of amaranth seed oil, which is expected to create lucrative opportunities in the future.
Amaranth Seed Oil Market Segmentation Insights
Amaranth Seed Oil Market End Use Industry Outlook
Amaranth Seed Oil Market Sales Channel Outlook
Amaranth Seed Oil Market Application Outlook
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Dietary supplements
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Edible oils
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Skin care products
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Hair care products
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Industrial lubricants
Amaranth Seed Oil Market Extraction Method Outlook
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Cold pressing
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Hot pressing
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Solvent extraction
Amaranth Seed Oil Market Regional Outlook
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North America
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Europe
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South America
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Asia Pacific
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Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
2.04(USD Billion) |
| Market Size 2023 |
2.25(USD Billion) |
| Market Size 2032 |
5.34(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
10.09% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Natural Vitamin Health LLC, Olivado Ltd, The Functional Food Co., Livwell Inc., Australian Superfoods, Corvus Blue Llc, Bioway (Shanghai) Health Industry Co., Ltd., Stellar Biotechnologies Pvt. Ltd, Hain Celestial, OSI Europe B.V. |
| Segments Covered |
End Use Industry, Sales Channel, Application, Extraction Method, Regional |
| Key Market Opportunities |
Growing health consciousness Rising demand for natural and organic products Expanding application in cosmetics and personal care Increasing demand for functional foods Growing popularity of plant-based diets |
| Key Market Dynamics |
Growing health consciousness Increasing demand for plant-based oils Rising use in the food and beverage industry Technological advancements in extraction Fluctuating raw material prices |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Amaranth Seed Oil Market was expected to reach an overall valuation of 2.25 billion USD in 2023.
The Amaranth Seed Oil Market is projected to grow at a CAGR of 10.09% from 2024 to 2032.
The key regions contributing to the growth of the Amaranth Seed Oil Market are Asia-Pacific, North America, Europe, and South America, with Asia-Pacific holding the largest market share.
Amaranth Seed Oil finds applications in various industries, including food, cosmetics, and pharmaceuticals. In the food industry, it is used as a cooking oil, salad dressing, and baking ingredient. In cosmetics, it is used in skincare products, hair care products, and soaps. In pharmaceuticals, it is used as a dietary supplement and in the treatment of various health conditions.
Some of the key competitors in the Amaranth Seed Oil Market include The Hain Celestial Group, Inc., Bunge Limited, Archer Daniels Midland Company, Cargill, Incorporated, and Axiom Foods, Inc.
Factors driving the growth of the Amaranth Seed Oil Market include increasing health consciousness among consumers, rising demand for natural and organic products, and growing applications in the food, cosmetics, and pharmaceutical industries.
Challenges faced by the Amaranth Seed Oil Market include limited production, price fluctuations, and competition from other vegetable oils.
The Amaranth Seed Oil Market is expected to reach an overall valuation of 5.34 billion USD by 2032.
Key trends shaping the Amaranth Seed Oil Market include increasing demand for plant-based oils, growing popularity of functional foods, and advancements in extraction and processing technologies.
The COVID-19 pandemic had a mixed impact on the Amaranth Seed Oil Market. While demand for amaranth seed oil increased in the food and pharmaceutical industries, the overall market growth was hindered by disruptions in supply chains and economic slowdown.
