Middle East And Africa Amaranth Oil Market, By Extraction Type (Supercritical Fluid Co2 Extraction Process, Cold Pressing Process, Organic Solvent (Hexane) Extraction Process, And Others), Packaging Type (Aluminum Bottles, HDPE Carboy, G.I. Drums, And Others), Category (Conventional And Organic), Application (Cosmetics And Personal Care, Dietary Supplements, Pharmaceuticals, Aromatics, And Others), Country (South Africa, Ghana, Kenya, Ethiopia, Saudi Arabia, UAE Israel And Rest Of Middle East And Africa,) Industry Trends And Forecast To 2028.
Market Analysis and Insights: Middle East and Africa Amaranth Oil Market
Middle East and Africa amaranth oil market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 8.6% in the forecast period of 2021 to 2028 and is expected to reach USD 32.82 million by 2028. An increase in consumer acceptance of natural products for healthy living thus acts as a driver for the amaranth oil market growth.
Amaranth oil is extracted from the seeds of two species of the genus Amaranthus — A. cruentus and A. hypochondriacus —collectively called amaranth grain. It is a light-to-medium-colored, clear liquid that is pourable at low temperatures. Commercial uses of amaranth oil include foods, cosmetics, shampoos, and intermediates to manufacture lubricants, pharmaceuticals, rubber chemicals, aromatics, and surface-active agents. As a food oil, amaranth oil has a delicate taste. The oil content of the actual amaranth grain ranges from 4.8 to 8.1%, which is relatively low compared to other seed oil sources. Thus, due to the health benefits and wide applications of amaranth oil, the Middle East and Africa amaranth oil market is expected to proliferate in the forecast period.
Beneficial properties of amaranth oil, such as high squalene content, acts as the driver for the amaranth oil market. The high cost of production is restraining the amaranth oil market growth. Increasing research organizations for various purposes in the health care sector thus acts as an opportunity for the amaranth oil market. However, low production volumes of amaranth oil hence act as a challenge for the amaranth oil market growth.
The amaranth oil market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the amaranth oil market scenario, contact Data Bridge Market Research for an Analyst Brief. Our team will help you create a revenue impact solution to achieve your desired goal.
Middle East and Africa Amaranth Oil Market Scope And Market Size
The Middle East and Africa amaranth oil market is segmented based on the extraction type, packaging type, category, and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of extraction type, the Middle East and Africa amaranth oil market is segmented into supercritical fluid CO2 extraction process, cold-pressing process, organic solvent (hexane) extraction process, and others. In 2021, the supercritical fluid CO2 extraction process segment is expected to dominate the amaranth oil market due to the demand for obtaining pure amaranth seed oil which is demanded in the market.
- On the basis of packaging type, the Middle East and Africa amaranth oil market is segmented into aluminum bottles, HDPE carboy, and G.I. drums. In 2021, the HDPE carboy segment is expected to dominate the amaranth oil market due to its characteristic of Operating Harsh Temperatures and Non-Leaching.
- On the basis of category, the Middle East and Africa amaranth oil market is segmented into conventional and organic. In 2021, the conventional segment is expected to dominate the amaranth oil market due to the increasing demand for natural and vegan products among consumers to lead a healthy lifestyle.
- On the basis of application, the global amaranth oil market is segmented into cosmetics and personal care, dietary supplements, pharmaceuticals, aromatics, and others. In 2021, the cosmetics and personal care segment is expected to dominate the amaranth oil market due to increased demand for lotion or topical for anti-aging treatment, reducing fine lines and wrinkles.
Middle East And Africa Amaranth Oil Market: Country Level Analysis
Middle East and Africa amaranth oil market is analyzed, and market size information is provided by country, extraction type, packaging type, category, and application.
The countries covered in the Middle East and Africa amaranth oil market report is South Africa, Ghana, Kenya, Ethiopia, Saudi Arabia, U.A.E, Israel, and rest of the Middle East and Africa.
Saudi Arabia is expected to dominate the market due to growing acceptance of amaranth oil in a variety of applications such as cosmetics, dietary supplements, and aromatics, among others. Furthermore, Saudi Arabia is dominating due to the growing market for cosmetics and skincare in the country.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.
Growing Strategic Activities By Major Market Players To Enhance The Awareness For Amaranth Oil Is Boosting The Market Growth Of Amaranth Oil Market.
The Middle East and Africa amaranth oil market also provide you with detailed market analysis for every country's growth in a particular market. Additionally, it provides detailed information regarding the market players' strategy and their geographical presence. The data is available for the historical period 2010 to 2019.
Competitive Landscape And Amaranth Oil Market Share Analysis
Amaranth oil market competitive landscape provides details by a competitor. Details included are company overview, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company's focus related to the amaranth oil market.
The major companies which are dealing in the amaranth oil market are Essential Oils, Probus International LLP, Ekologie Forte Pvt.Ltd, Biocosmethic, Vaibhav Perfumery, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many partnerships are also initiated by companies worldwide, which are also accelerating the amaranth oil market.
For instance,
- In May 2020, Henry Lamotte Oils GmbH made a partnership with Naturland. The partnership was beneficial to the company in terms of the social performance, and environmental protection of partners in the value chain can be made even more credible and visible in the future - also towards end customers.
Collaboration, business expansion, award and recognition, joint ventures, and other strategies by the market player are enhancing the company's footprints in the amaranth oil market which also provides the benefit for the organization's profit growth.
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