According to a new market report by Lucintel, the future of the amaranth oil market looks promising with opportunities in the cosmetics and personal care, food supplements, pharmaceuticals, and aroma industries. The amaranth oil market is expected to grow with a CAGR of 12% from 2019 to 2024. The major drivers for this market are decreasing dependence on petrochemical based products and increasing demand for bio-based products.
To download report brochure, please go to https://www.lucintel.com/amaranth-oil-market.aspx and click "report brochure" tab from the menu.
In this market, supercritical fluid CO2 extraction process, cold pressing process, and organic solvent extraction process are used for the extraction of amaranth oil.
Within the amaranth oil market, cosmetics and personal care, food supplements, pharmaceuticals, and aroma are the major end use industries. Cosmetics and personal care is the largest end use segment for amaranth oil.
Europe will remain the largest market over the forecast period due to an increasing demand from food supplementary applications.
Amr Amaranth, Amaranth Bio Company, Proderna Biotech, Flavex Naturextracte Gmbh, Nu-World Foods, Flaveko Trade Spol. S.R.O, Dk Mass S.R.O, and Rusoliva PVT. LTD. are among the major manufacturers of amaranth oil.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the amaranth oil market by extraction process, application, and region. Lucintel has prepared a comprehensive research report titled "Amaranth Oil Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the amaranth oil market by extraction process, end use industry, and region as follows:
By Extraction Process [$M shipment analysis for 2013 – 2024]:
Supercritical fluid CO2 extraction process
Cold pressing process
Organic solvent (hexane) extraction process
Other extraction process
By End Use Industry [$M shipment analysis for 2013 – 2024]:
Cosmetics & personal care
Food supplements
Pharmaceuticals
Aroma (fragrance)
Others
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/amaranth-oil-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.