Kenneth Research, in its repository of market research reports, has recently added a report on Amaranth Oil Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Amaranth Oil Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
The U.S. Market recovers fast; In a release on May 4th, 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Amaranth Oil Market products.
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The global Amaranth Oilmarket was valued at USD 502.7million in 2016 and is projected to reach USD 1360.7millionby 2025, growing at a CAGR of 11.7% from 2017 to 2025.
Amaranth oil is a medium colored liquid composed of a large number of fatty acids. Its application in personal care and pharmaceutical products is expected to drive market demand. The presence of squalene is a major factor boosting market consumption.
1. Market Drivers
1.1 Growing demand for premium leather
1.2 Abundance of raw materials
2. Market Restraints
2.1 Increase in operational costs
2.2 Stringent regulatory policies
The global Amaranth Oilmarket is segmented on the extraction type, application, and region.
1. By Extraction Type:
1.1 Supercritical CO2 extraction
1.2 Organic Solvent Extraction
1.3 Cold Pressing
2. By Application:
2.1 Personal Care and Cosmetics
2.4 Food Supplements
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
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The major players in the market are as follows:
1. Amr Amaranth AS
2. Rusoliva Pvt. Ltd.
3. Amaranth Bio Company
4. Dk Mass S.R.O
5. Amaranth Nord
6. Flaveko Trade Spol S.R.O
7. Proderna Biotech Pvt. Ltd.
8. IrelSpol S.R.O
9. FlavexNaturextracte GmbH
10. Nans Products Pvt. Ltd.
12. Nu-World Foods
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Amaranth Oil Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team.
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