Almond Oil Market is Booming & Sales Are Projected to Grow to a Staggering 13.4 CAGR, During the forecast period 2022-2032

The global almond oil market is expected to reach a market value of US$1.42 billion by the end of 2022. During the forecast period 2022-2032, almond oil sales are projected to grow to a staggering 13.4 CAGR, resulting in a closing price of US$4,993.7. Million. Over the years, sweet and bitter almond oils have become increasingly popular as they are good sources of phytosterols and unsaturated fatty acids.

Global Almond Oil Market: Market Drivers 

Key driver influencing the demand for almond oil globally is from increasing demand among cosmetic manufacturers due to high requirement of natural ingredient used in body lotions, face creams, hair oil and in many other products for cleansing and moisturizing purpose.

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Due to extensive health benefits of almond oil, it has varied uses as a facial oil, body oil, baby oil, massage and also in aromatherapy. Increasing urban population, increase in standard of living and changing lifestyle are some other factors driving the demand for almond oil in the global market as these days consumers are more conscious towards products containing natural ingredient and offers varied health benefits.

Almond oil has been used for past many years in cosmetics such as moisturizer, cleanser, face cream, and in many other beauty benefits. For medicinal purpose as it plays a key role in muscle relaxation, immune booster, colon cleanse, and also used as a laxative. In the global almond oil market, primarily its demand is expected to increase among luxury brand manufacturers of cosmetic and personal care manufacturers as currently, their key focus is on the production of organic and natural products containing ingredients which are highly nutritive.

Global Almond Oil Market: Market Segment 

The market for almond oil is segmented by type, application, by end-use, and by distribution channel. On the basis of type segment, almond oil is segmented into sweet almond oil and bitter almond oil. Further, among by application segment, it includes cosmetics and personal care products, food industry, and pharmaceutical industry.

Primarily almond oil has application in the cosmetic industry for products such as skin care, hair care, perfumes, fragrances, lotions, creams and many more. In the food industry, it is used as a vegetable oil to add flavor, and for its health benefits, and in pharmaceutical industry, it is generally used in products for the pain reliever, skin ointments and many others.

Moreover, it also helps in minimizing risk of coronary heart diseases, to regulate cholesterol, and to strengthen the immune system. On the basis of end-use, almond oil is segmented into commercial use and household use, and market segment by distribution channel includes hypermarket/supermarket, wholesaler/distributor, departmental stores, and online retail stores.

Global Almond Oil Market: Regional Segment 

On the basis of the regional segment, the global market for almond oil is segmented in seven different regions including North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan and the Middle East & Africa. In the global almond oil market, North America and Asia Pacific is expected to be prominent markets in terms of market value.

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Global Almond Oil Market: Key Players 

Key players operating in the global almond oil market are Jiangxi Baicao Pharmaceutical Co., Ltd., AOS Products Private Limited, NOW Foods, Mountain Ocean, Proteco Oils, Caloy Quality Natural Oils, Jiangxi Xuesong Natural Medicinal Oil Co., Ltd., Liberty Vegetable Oil Company, Twasa Cosmetics, Ashwin Fine Chemicals & Pharmaceuticals.

The report covers exhaustive analysis on 

Almond Oil Market Segments
Almond Oil Market Dynamics
Almond Oil Historical Actual Market Size, 2012 - 2016
Almond Oil Market Size & Forecast 2017 to 2027
Almond Oil Supply & Demand Value Chain
Almond Oil Market Current Trends/Issues/Challenges
Competition & Companies involved
Almond Oil Technology
Value Chain
Almond Oil Market Drivers and Restraints

Regional analysis for Almond Oil Market includes 

North America
US
Canada
Latin America
Brazil
Mexico
Others
Europe
K.
France
Germany
Poland
Russia
Asia Pacific
Australia and New Zealand (ANZ)
Greater China
India
ASEAN
Rest of the Asia-Pacific

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Japan
Middle-East and Africa
GCC Countries
Rest of the Middle-East
North Africa
South Africa
Other Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Explore FMI's Extensive Ongoing Coverage on Food and Beverage Domain:

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Salad Oil Market : https://www.futuremarketinsights.com/reports/salad-oil-market

Cottonseed Oil Market : https://www.futuremarketinsights.com/reports/cottonseed-oil-market

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.