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Almond Oil Market

Market Analysis:

The global almond oil market forecast will be $3100 billion by 2026, increasing from $729.2 million in 2018 at a healthy CAGR of 14.6%. North America market share is growing at a CAGR of 8.5% by generating revenue of $1900 billion by 2026. Asia-Pacific regional growth is expecting $1100 billion by 2026.

Almond oil is obtainedby the cold pressure method also they are excellent source of oil which is taken out from the almond kernels of tree prunus dulcis. Almond oil is very beneficial for the treatment of skin diseases such as pimples, eczema also for the treatment of diabetes, kidney problems, gastro enteritis and others.

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Market Drivers:

Surging demand for almond oil among cosmetic manufacturers

Significantpropeller influencing the increased demand for almond oil worldwide is its vast usage in cosmetic products owing to the huge requirement of natural ingredients used in body lotions, face creams, hair oil and in various other products for the purpose of cleansing as well as moisturizing. Ascribed to the enormous health benefits of almond oil, it has number of uses as a body oil, facial oil, baby oil and aromatherapy. Moreover, the rising urban population along with theincrease in standard of living isfew other factors propelling the demand for almond oil as nowadays consumer are more conscious about natural ingredients.

Market Restraints:

Thefactors such as dearth of awareness about the useful benefits of almond oil among few consumers along with the fluctuating prices of the almond oil islimiting the global almond oil market in recent years.

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The Global Almond OilMarket has been segmented as below:

By Type

·         Sweet Almond Oil

·         Bitter Almond Oil

By Application

·         Food Preparation

o   Cooking Oil

o   Confectionery

o   Others

·         Cosmetic

o   Skin Care

o   Hair Care

·         Pharmaceutical

·         Others

By Distribution Channel

·         Hypermarkets & Supermarkets

·         Food Specialty Stores

·         Pharmacy

·         Cosmetic Discounters

·         Others

By Region

·         Europe

·         North America

·         Asia Pacific

·         Rest of The World

By Company

·         Proteco Oils

·         Florapower GmbH & Co. KG

·         Eden Botanicals (US), Caloy, Inc.

·         Henry Lamotte Oils GmbH

·         Jiangxi Baicao Pharmaceutical Co., Ltd

·         Liberty Vegetable Oil Company

·         Aos Product Pvt. Ltd.

·         Ashwin fine Chemicals & Pharmaceuticals

·         California Nut Oil Milling Company

·         Gustav HeessOleochemischeErzeugnisse GmbH

·         Parchem Fine and Specialty Chemicals, Inc.

·         Sydney Essential Oil Co.

·         ConnOils LLC

·         Bo International