DUBLIN, Sept. 26, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Amaranth Oil Market by Extraction Type, and Application - Global Trends & Forecast to 2019" report to their offering.
The amaranth seed oil market is expected to grow at a good CAGR of 11.9% over the next five years to be worth $700.6 million by 2019. Europe dominates the market due to the high demand for amaranth seed oil in its various end use industries. Although the European economy has still not recovered from the Euro crisis, it is expected to continue to lead this market, followed by North America and Asia-Pacific.
The factors that drive the growth in amaranth seed oil market include the beneficial properties of amaranth oil such as high squalene content, high nutrition value, its skin identical nature, and temperature versatility. The factors that prove to be a hindrance in the growth of the market are high cost of production, minimal to nil governmental support, and lack of raw material availability.
Amaranth seed oil has squalene that imparts anti-aging, anti-inflammatory, and anti-oxidation properties apart from being a natural skin identical chemical that is readily absorbed by the skin. These properties have found many applications for amaranth seed oil in cosmetics and personal care industry. The increase in demand for cosmetic and personal care products made from natural ingredients has further increased the demand for amaranth oil from this industry.
Squalene also proves beneficial for medicinal purposes with its cell rejuvenation, anti-oxidation, and immune system strengthening properties. Amaranth seed oil is increasingly being incorporated in pharmaceutical formulations to reduce the drug dosage and the related side effects. Amaranth oil, as a rich source of squalene, has also found application in cancer therapies.
Amaranth seed oil has omega-3, 6, 9 containing fatty acids that prove to be rich source of protein and vitamins. Their presence in the oil have found applications in the food supplement industry as dietary supplement capsules and dietary corrective supplements foodstuff. Amaranth oil is also used in the feed additive industry for high grade nutrition for farm animals.
The amaranth seed oil market is analyzed in terms of volume (tons) and value ($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).
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Market Analysis, By Extraction Type
6 Amaranth Seed Oil Market Analysis, By Application
7 Market Analysis, By Region
8 Competetive Landscape
9 Company Profiles
- Amaranth Bio Company
- Amaranth Nord
- Amaranth Seed Oil Market: Company Profile List
- Amr Amaranth A.S
- Dk Mass S.R.O
- Flaveko Trade Spol. S.R.O
- Flavex Naturextracte Gmbh
- Irel, Spol. S.R.O
- Nans Products PVT. LTD.
- Nu-World Foods
- Proderna Biotech PVT. LTD.
- Rusoliva PVT. LTD. *Details Might Not Be Captured In Case Of Unlisted Companies.
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SOURCE Research and Markets