Global Almond Oil Market size is anticipated to touch USD 1.2 billion at a 6.0% CAGR between 2019-2024, states the new Market Research Future (MRFR) report. Almond oil, simply put, is the oil that is extracted from almonds. It can be yellow, pale yellow, or colorless and prepared through different techniques. Almond oil has an extensive range of applications- for adding flavor, in cosmetic preparations, and its medicinal properties.
Numerous factors are impacting the growth of the global almond oil market. Such factors, as per the latest Market Research Future report, include the increasing awareness about the harmful impact of chemicals that are used in cosmetics, especially phthalates and parabens, increase in disposable income, changes in lifestyles, and growth in applications in the pharmaceutical sector. Additional factors adding to the almond oil market share include rapid urbanization, an increase in customers’ preference for cosmetics containing natural ingredients, an increase in the production of aromatherapy products, high nutritional value, and multiple health benefits.
On the contrary, the high cost of almond oil is likely to restrict the global almond oil market growth during the forecast period.
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Notable players profiled in the Global Almond Oil Market report include Bo International (India), ConnOils LLC (US), Gustav Heess Oleochemische Erzeugnisse GmbH (Germany), Sydney Essential Oil Co. (Australia), Parchem Fine and Specialty Chemicals, Inc. (US), Aos Product Pvt. Ltd. (India), California Nut Oil Milling Company (US), Liberty Vegetable Oil Company (US), Ashwin Fine Chemicals & Pharmaceuticals (India), Florapower GmbH & Co. KG (Germany), Proteco Oils (Australia), Henry Lamotte Oils GmbH (Germany), Eden Botanicals (US), Caloy, Inc. (US), and Jiangxi Baicao Pharmaceutical Co., Ltd (China). Leading almond oil manufacturers have incorporated several strategies to create a niche in the market, such as partnerships, mergers and acquisitions, collaborations, and others.
December 2019: Margy’s Monte Carli has launched a lavish pampering session at the Morpheus Spa. The Stem Cells Illuminating facial is a two-hour sumptuous affair including three masks and massages for regenerating the tired skin cells, unclogging and refreshing pores, boosting lymphatic drainage and lifting the complexion. The cleansing step is done with Azulene Cleansing milk that contains almond oil, milk, and flower extracts, followed by a massage, toning, and application of masks & serums. This treatment is an ideal choice for sun damage, dehydration, or bad skin habits.
The Market Research Future report provides a complete segmental analysis of the Global Almond Oil Market based on application, process, and type.
By type, the global almond oil market is segmented into sweet and bitter. Of these, the sweet segment will dominate the market during the forecast period for its increasing use in different products coupled with its direct application.
By process, the global almond oil market is segmented into hot press and cold press. Of these, the cold press segment will lead the market during the forecast period.
By application, the global almond oil market is segmented into cosmetics & personal care, food and beverage, and others. Of these, the cosmetics & personal care segment will have the maximum share in the market during the forecast period.
By region, the global almond oil market report covers the latest trends and growth opportunities across North America, Europe, the Asia Pacific, and the Rest of the World. Of these, North America will dominate the market during the forecast period for the increasing use of almond oil in different skincare products.
The global almond oil market in the APAC region will grow at the fastest pace during the forecast period for the growing awareness regarding the benefits of almond oil coupled with the awareness among consumers of the soothing and moisturizing effects of the oil.
The global almond oil market in Europe will have favorable growth during the forecast period for its increasing use in breakfast cereals, snacks, and bakery products as it is gluten-free. The UK, France, and Germany are the leading contributors in this region.
The global almond oil market in the RoW will have steady growth during the forecast period.
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