This news update regarding Amaranth Seed Oil Market is brought to you by Special Chem.
MarketsandMarkets’ new 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.
Amaranth seed oil has been in huge demand for applications in cosmetic and pharmaceutical sectors due to its various beneficial properties such as anti-aging, anti-oxidation, anti-inflammation, strengthened immune system, cell rejuvenation, and many more. Amaranth oil has around 5-9% of squalene. The other constituents have found applications for amaranth oil in food supplements, aromatics (fragrance), and in high grade lubricant additives.
In terms of region, Europe was the biggest consumer of amaranth oil in 2013 and is expected to continue its growth till 2019 as an effect of the increase in demand for natural cosmetics and personal care products. North America is expected to have the highest growth rate in the market till 2019 due to the demand for amaranth oil applications in dietary supplements.
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