Report Ocean has released a market research report on the Almond Oil industry, covering 150+ countries and analyzing over 1,00000 published and forthcoming reports per year. The report, prepared by subject matter experts, researchers, and market research professionals, utilizes various methodologies and analytical approaches, including S.W.O.T. and P.E.S.T.E.L. analysis and regression analysis, to forecast market growth. It also examines the industry’s regulations and policies and potential future advancements.
The global almond oil market size was US$ 1645.2 million in 2021. The global almond oil market size is forecast to reach US$ 5,544.4 million by 2030, growing at a compound annual growth rate (CAGR) of 13% during the forecast period from 2022 to 2030.
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The almond oil extracted from sweet and bitter almonds is rich in unsaturated fatty acids and phytosterols. Comparatively to other nut oils, it has more vitamin E and offers excellent moisturizing properties. The oil contains vitamins E, B, and A, minerals, proteins, and omega fatty acids, making it an all-purpose essential and carrier oil used in food preparation, pharmaceutical, and cosmetic industries.
Factors Influencing Market Growth
- Factors driving the global almond oil market growth are increasing production of aromatherapy products, rising consumer preference towards cosmetics with natural ingredients, urbanization, and the rise in pharmaceutical applications of almond oil.
- Changing lifestyles and rising disposable incomes are factors contributing to the global almond oil market growth.
- High almond oil prices may slow down the overall market’s growth.
- The growth in demand for natural and organic ingredients in cosmetic formulations from emerging economies such as China and India, combined with government regulations, provides lucrative opportunities for global market growth.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the growth of the global almond oil market. Several countries imposed a lockdown in order to control the spread of COVID-19. As a result, several manufacturers suffered a lack of workforce and shortage of raw materials. The shortage also hindered the transportation and supply of the product in the market. It directly impacted the demand and supply of almond oil.
Despite the COVD-19 pandemic and other challenges, the global almond oil market has engaged new key players. As a result, the current market is forecast to generate a higher share of the market in the future.
Regional Insights
The Asia Pacific region is the fastest-growing region in revenue and volume in the almond oil market. Growing health concerns among consumers in developing countries, such as India and China, are expected to fuel the growth of the almond oil market in the Asia Pacific. An increase in the use of almond oil as an essential oil in a variety of applications, including pharmaceuticals and aromatherapy, has helped the region’s market growth.
The North America region is forecast to have the largest market share over the forecast period. Due to the growing demand for highly nutritious and natural ingredients in the region, Canada and the US greatly contribute to the market growth. Growing awareness about the properties of almond oil among consumers is also fueling regional growth of the almond oil market.
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Leading Competitors
The leading prominent companies profiled in the global almond oil market are:
- AOS Products Private Limited
- Ashwin Fine Chemicals & Pharmaceuticals
- Blue Diamond Growers, Incorporated
- Caloy Quality Natural Oils
- Eden Botanicals
- Jiangxi Baicao Pharmaceutical Co., Limited
- Jiangxi Xuesong Natural Medicinal Oil Co., Limited
- Liberty Vegetable Oil Company
- Mountain Ocean
- NOW Foods
- Proteco Oils
- Other Prominent Players
Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Scope of the Report
The global almond oil market segmentation focuses on Type, Application, Distribution Channel, and Region.
Segmentation based on Type
- Sweet Almond Oil
- Bitter Almond Oil
Segmentation based on Application
- Food Preparation
- Cosmetics
- Pharmaceutical
- Others
Segmentation based on Distribution Channel
- Hypermarkets & Supermarkets
- Food Specialty Stores
- Pharmacy
- Cosmetic Discounters
- Others
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Segmentation based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
What our reviews offer:
- Market share assessments for the regional and country-level segments
- Strategic hints for the new entrants
- Covers market facts for 2023, until 2031
- Market tendencies (drivers, opportunities, threats, challenges, funding opportunities, and recommendations)
- Strategic pointers in key enterprise segments based totally on the market estimations
- Competitive landscaping mapping the key frequent trends
- Company profiling with specified strategies, financials, and current developments
- Supply chain tendencies mapping the modern day technological advancements
Almond Oil Market Research Report Scenario includes:
>The report provides qualitative and quantitative trends of global Almond Oil Market across type, type of products, service, and geography.
>The report starts with the key takeaways, highlighting the key trends and outlook of the global Almond Oil Market.
>Provides the research methodology of the study.
>Further provides PEST analysis for each region.
>Highlights the key industry dynamics in the Almond Oil Market, including factors that are driving the market, prevailing deterrent, potential opportunities as well as future trends. Impact analysis of these drivers and restraints is also covered in this section.
>Discusses the global Almond Oil Market scenario, in terms of historical market revenues, and forecast till the year 2031.
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