Sweet Almond Oil market Opportunities, Future Guidelines, Value Chain Study Forecast Upto 2028

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.

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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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

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.

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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.

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