According to IMARC Group latest report titled “Almond Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on almond oil market share. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global almond oil market reached a value of US$ 2.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.3 Billion by 2027, exhibiting at a CAGR of 12.6% during 2022-2027.
Almond oil refers to a colorless or pale-yellow oil derived from the seeds of the Prunus dulcis tree. It acts as a source of numerous essential nutrients, including fats, fiber, phytochemicals, vitamins, minerals, etc. Almond oil aids in enhancing immunity, maintaining healthy cholesterol levels, reducing the risks of cardiovascular diseases, etc. It also displays several properties, such as antibacterial, antifungal, anti-inflammatory, emollient, sclerosant, etc., that help in improving the complexion and nourishing dry skin. As a result, it is used in the manufacturing of personal care products worldwide.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The expanding application of almond oil in the pharmaceutical industry on account of its various benefits, such as reducing irritable bowel syndrome and elevating high-density lipoprotein levels, is primarily driving the almond oil market. Moreover, the increasing awareness among individuals towards the adverse impact of chemicals, including parabens and phthalates, utilized in cosmetics represents another growth-inducing factor. Besides this, the escalating need for natural and organic products with non-genetically modified organisms (GMO), plant-based ingredients, and clean labels is further propelling the market growth. Additionally, the rising utilization of almond oil in the food and beverage (F&B) industry as a functional ingredient to manufacture several food products is expected to fuel the market over the forecasted period.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- AOS Products Private Limited
- Ashwin Fine Chemicals and Pharmaceuticals
- Bajaj Consumer Care Ltd.
- Blue Diamond Growers Inc.
- Caloy Company LP
- Dabur India Ltd
- Eden Botanicals
- ESI srl
- Flora Manufacturing & Distributing Ltd.
- Liberty Vegetable Oil Company
- Mountain Ocean Ltd
Almond Oil Market Segmentation:
Our report has categorized the market based on region, type, application and distribution channel.
Breakup by Type:
- Sweet Almond Oil
- Bitter Almond Oil
Breakup by Application:
- Food Preparation
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Food Specialty Stores
- Cosmetic Discounters
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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