Sweet Almond Oil Market Is Booming Worldwide 2026 By Top vendors Now Health Group, Inc., Plimon, S.L., Provital Group, La Tourangelle, Inc., ESI S.p.A., and Blue Diamond Growers, Inc. among others.

A refined oil obtained from the dried kernels of the almond tree is referred as sweet almond oil. It contains vitamin A, B, E, and D and is also rich in glycosides, minerals, mono and poly-unsaturated fatty acids. It is typically used to relieve skin itching caused due to dryness, moisturize dry skin, and soothe chapped lips.

Market Dynamics

Sweet almond oil has wide range of medical applications such as laxative and as a vaccine additives. Furthermore, it is also used in moisturizers, soaps, shampoos, shaving creams, and bath oils, in the cosmetics and personal care industry. According to Cosmetic Europe, cosmetics and personal care industry in Europe was valued at US$ 94.13 billion in 2015 with Germany (US$ 15.89 billion) positioned as the largest market, followed by the U.K. (US$ 14.06 billion), France (US$ 13.94 billion), and Italy (US$ 12.10 billion), respectively. This is expected to be a major factor for growth of the market. However, high cost of sweet almond oil is restraining factor for the growth of market.

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Furthermore, manufacturers are developing new products, with more nutritive benefits, in order to cater to increasing consumer needs. For instance, Aura Cacia launched a unique line of skin care oils, in 2015 as 'Sweet Almond + Fruit Seeds Oil', which combines nutritive benefits of cherry seeds, raspberry, blueberry, and sweet almond oil for skin.

Market Outlook

North America is projected to exhibit a significant growth in global sweet almond oil market in 2017. This is attributed to increasing demand for sweet almond oil, due to its high nutritional value and various health benefits, resulting in increasing demand from pharmaceutical, food and cosmetic industries in this region. According to U.S. International Trade Administration (ITA), the export of personal care and cosmetic industry in the U.S. was valued at US$ 10.4 billion in 2015 and increased at an average rate of 15% over (2012–2015). However, increasing cost of almonds may have a negative impact on the growth of this market. According to Bureau of Labor Statistics (BLS), in the U.S., the price of almond increased from US$ 2.58 per pound to US$ 4.00 per pound from 2012 to 2014 respectively and is significantly increasing.

Asia Pacific is projected to witness significant growth in the global sweet almond oil market over the forecast period, owing to its increasing application such as cooking and frying, results in increasing food processing industry in the region. According to the India Brand Equity Foundation (IBEF), in 2016, the food processing industry in India was ranked fifth in terms of consumption, production, and exports, and increased at a CAGR of 11.74 % during 2011–2016.

Market Taxonomy

On the basis of product type, the sweet almond oil market is segmented into:

Nonpareil Almond Oil
California Almond Oil
Mission Almond Oil
Others

On the basis of end-use industry, the sweet almond oil market is segmented into:

Food
Cosmetics & Personal Care
Others

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Market Players and Business Strategies

Key players are focused on adopting various organic and inorganic growth strategies such as mergers and acquisitions, joint ventures and partnerships, and product or technological innovations to retain position in the sweet almond oil market. For instance, in December 2017, Blue Diamond—almond supplier and processor—launched 100% sweet almond oil for application in massage oil, cosmetics, and personal care products.

Some of the leading players operating in the global sweet almond oil market include Now Health Group, Inc., Plimon, S.L., Provital Group, La Tourangelle, Inc., ESI S.p.A., and Blue Diamond Growers, Inc. among others.

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This release was published on openPR.