The global Amaranth Oil market is expanding rapidly due to increasing demand for functional foods, dietary supplements, and skincare products. Valued at USD 520 million in 2024, the market grew from USD 478 million in 2023, reflecting an 8.8% year-over-year increase. Rising awareness of amaranth oil’s high squalene content, which accounts for 5–8% of its composition, is driving adoption. By 2032, the market is projected to reach USD 1.12 billion, growing at a CAGR of 9.2% between 2025 and 2032.

Historical Market Growth (2015–2024)

The Amaranth Oil market has shown consistent growth over the past decade. In 2015, global market value stood at approximately USD 230 million. By 2017, it increased to USD 275 million, representing a 19.6% growth in two years.

In 2019, the market rose to USD 342 million, driven by expanding nutraceutical applications. The market slightly slowed to USD 328 million in 2020 due to supply chain disruptions, but rebounded to USD 368 million in 2021, USD 412 million in 2022, and USD 478 million in 2023, demonstrating resilient growth above 8% annually.

Nutraceutical and Functional Food Demand

Amaranth oil is increasingly incorporated into nutraceuticals and functional foods. Its squalene content and high levels of unsaturated fatty acids enhance cardiovascular health and skin protection.

Global nutraceutical market size reached USD 210 billion in 2024, with plant-based oils accounting for 18%. Survey data indicates 61% of consumers prefer oils with antioxidant properties, fueling amaranth oil adoption.

Annual consumption of amaranth oil in functional foods increased from 4,200 tons in 2018 to 7,800 tons in 2024, reflecting a 10.3% CAGR in usage volume.

Cosmetic and Personal Care Applications

The cosmetic industry represents a key revenue stream for the Amaranth Oil market. Approximately 38% of total market revenue in 2024 comes from skincare and anti-aging products.

Global cosmetic ingredient spending on plant-based oils reached USD 14.8 billion in 2024, with amaranth oil capturing USD 198 million, up from USD 162 million in 2021, reflecting a 7.5% annual growth rate.

Amaranth oil’s squalene-rich profile enhances moisturizing and anti-wrinkle formulations, increasing demand in premium skincare lines.

Production Volumes and Global Supply

Global amaranth oil production has expanded alongside cultivation of amaranth crops. In 2016, production volume was approximately 9,800 tons. By 2018, it increased to 12,600 tons, a 28.5% growth in two years.

In 2021, production reached 16,200 tons, followed by 18,400 tons in 2022 and 21,100 tons in 2024, supporting rising nutraceutical and cosmetic demand.

Major producers include India, China, and South America, collectively accounting for 72% of global output, with India alone contributing over 8,100 tons in 2024.

Regional Market Analysis

North America dominates the Amaranth Oil market, representing 31% of global revenue in 2024, equivalent to USD 161 million. High health awareness and dietary supplement consumption are key drivers.

Europe holds 28% market share, valued at USD 146 million in 2024, driven by organic and functional food trends in Germany, France, and the UK.

Asia-Pacific accounts for 27% of revenue, with USD 140 million in 2024, and is projected to grow at a CAGR of 10.1% through 2032 due to increasing cosmetic applications and urban health awareness.

Latin America and the Middle East & Africa together represent 14% of market revenue, with Brazil, Argentina, and South Africa as key contributors.

Industry-Level Insights and Key Players

The Amaranth Oil market is moderately consolidated, with the top 10 manufacturers controlling approximately 58% of revenue. Major companies include KMF Extractions, Biogreen Naturals, and Spectrum Organic Products.

In 2024, the leading companies collectively produced over 9,500 tons, generating USD 312 million in revenue. Contract farming models and local extraction units are expanding, increasing global supply and reducing import dependency.

Market pricing ranges from USD 20 to USD 45 per liter, depending on purity and extraction method. Cold-pressed oils dominate sales, accounting for 67% of revenue.

Investment Trends and Market Expansion

Global investments in functional food and cosmetic oils reached USD 4.8 billion in 2024, a 9% increase from 2023, with amaranth oil capturing USD 210 million in new investments for research and sustainable production.

Government subsidies for organic crop cultivation in India and China have increased supply security. Between 2020 and 2024, over USD 35 million in grants were allocated for amaranth crop development programs.

Future Outlook Through 2032

The Amaranth Oil market is expected to expand significantly due to increasing functional food and cosmetic applications. By 2027, the market is projected to reach USD 780 million, representing a 50% increase compared to 2024.

By 2030, global consumption volumes are expected to exceed 34,000 tons annually, supporting market value surpassing USD 1 billion. Innovations in extraction efficiency, cold-press techniques, and product diversification are anticipated to accelerate adoption.

Data-Driven Conclusion

The Amaranth Oil market has evolved into a key segment of plant-based nutraceuticals and cosmetics. Over the past decade, market value increased from USD 230 million in 2015 to USD 520 million in 2024, reflecting a 126% growth.

Rising consumer awareness, expanding cosmetic applications, and increasing functional food demand are expected to sustain robust growth. With a projected CAGR of 9.2% through 2032, the Amaranth Oil market is forecast to exceed USD 1.12 billion, driven by global health trends, sustainable production, and technological innovations in extraction.

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