The global almond oil market is expected to reach a market value of US$ 1,420.0 Million by the end of 2022. During the forecast period 2022-2032, almond oil sales are projected to grow to a staggering 13.4 CAGR, resulting in a closing price of US$4,993.7. Million. Over the years, sweet and bitter almond oils have become increasingly popular as they are good sources of phytosterols and unsaturated fatty acids.
Global Almond Oil Market: Market Segment
The market for almond Extract is segmented by type, application, by end-use, and by distribution channel. On the basis of type segment, almond oil is segmented into sweet almond oil and bitter almond oil. Further, among by application segment, it includes cosmetics and personal care products, food industry, and pharmaceutical industry.
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Primarily raw almond oil has application in the cosmetic industry for products such as skin care, hair care, perfumes, fragrances, lotions, creams and many more. In the food industry, it is used as a vegetable oil to add flavor, and for its health benefits, and in pharmaceutical industry, it is generally used in products for the pain reliever, skin ointments and many others.
Moreover, it also helps in minimizing risk of coronary heart diseases, to regulate cholesterol, and to strengthen the immune system. On the basis of end-use, almond oil is segmented into commercial use and household use, and market segment by distribution channel includes hypermarket/supermarket, wholesaler/distributor, departmental stores, and online retail stores.
Global Almond Oil Market: Market Drivers
Key driver influencing the demand for almond oil globally is from increasing demand among cosmetic manufacturers due to high requirement of natural ingredient used in body lotions, face creams, hair oil and in many other products for cleansing and moisturizing purpose.
Due to extensive health benefits of almond oil, it has varied uses as a facial oil, body oil, baby oil, massage and also in aromatherapy. Increasing urban population, increase in standard of living and changing lifestyle are some other factors driving the demand for almond oil in the global market as these days consumers are more conscious towards products containing natural ingredient and offers varied health benefits.
Almond oil has been used for past many years in cosmetics such as moisturizer, cleanser, face cream, and in many other beauty benefits. For medicinal purpose as it plays a key role in muscle relaxation, immune booster, colon cleanse, and also used as a laxative. In the global almond oil market, primarily its demand is expected to increase among luxury brand manufacturers of cosmetic and personal care manufacturers as currently, their key focus is on the production of organic and natural products containing ingredients which are highly nutritive.
Global Almond Oil Market: Regional Segment
On the basis of the regional segment, the global market for almond oil is segmented in seven different regions including North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan and the Middle East & Africa. In the global almond oil market, North America and Asia Pacific is expected to be prominent markets in terms of market value.
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Global Almond Oil Market: Key Players
Key players operating in the global almond oil market are Jiangxi Baicao Pharmaceutical Co., Ltd., AOS Products Private Limited, NOW Foods, Mountain Ocean, Proteco Oils, Caloy Quality Natural Oils, Jiangxi Xuesong Natural Medicinal Oil Co., Ltd., Liberty Vegetable Oil Company, Twasa Cosmetics, Ashwin Fine Chemicals & Pharmaceuticals.
The report covers exhaustive analysis on
- Almond Oil Market Segments
- Almond Oil Market Dynamics
- Almond Oil Historical Actual Market Size, 2012 – 2016
- Almond Oil Market Size & Forecast 2017 to 2027
- Almond Oil Supply & Demand Value Chain
- Almond Oil Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Almond Oil Technology
- Value Chain
- Almond Oil Market Drivers and Restraints
Regional analysis for Almond Oil Market includes
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Others
- Europe
- France
- Germany
- Poland
- Russia
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of the Asia-Pacific
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- Japan
- Middle-East and Africa
- GCC Countries
- Rest of the Middle-East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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