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Amaranth oil is extracted from the seeds of two species of the genus Amaranthus — A. cruentus and A. hypochondriacus — that are called, collectively, grain amaranth.

The oil extracted from these plants contains mainly non-polar lipid compounds especially triglycerides with a high degree of unsaturation. Amaranth oil is a light to medium colored, clear liquid that is pourable at low temperatures, highly unsaturated with a delicate, agreeable aroma and taste, allowing greater usage versatility.