Sweet Almond Oil Market is potentially boosting up economy in future 2026 with Leading Brands Provital Group, La Tourangelle, Inc., ESI S.p.A., and Blue Diamond Growers, Inc.

Market Introduction
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.

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Market Players and Business Strategies
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.

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.

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.

Market Trends
Nonpareil segment accounted for the largest market share in 2017 followed by California and mission almond oil, as it has thin outer shell and smooth kernel which allows blemish free and easy processing as compared to other types. According to According to California Department of Food and Agriculture (CFDA), in California, nonpareil almond accounted for 39% of the almond produced in 2012 and is expected to exhibit continuous growth. On the basis of end-use industry, the cosmetics segment is expected to exhibit significant growth in the sweet almond oil market over the forecast period. Increasing awareness among consumers regarding the benefits and applications in shower gels, skin moisturizer and others of sweet almond oil and rising popularity of aromatherapy is fueling growth of this segment in global sweet almond oil market.

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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
On the basis of distribution channel, the sweet almond oil market is segmented into:
• Hypermarket
• Supermarket
• Online Channels
• Convenience Stores
• Others

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This release was published on openPR.