The global almond oil market size reached US$ 2.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.8 Billion by 2028, exhibiting a growth rate (CAGR) of 12.2% during 2023-2028.
Almond oil is a colorless or pale-yellow oil derived from the seeds of the Prunus dulcis tree, which is also known as the almond tree. It provides essential nutrients, such as fats, fiber, phytochemicals, vitamins, and minerals. It assists in boosting immunity, maintaining healthy cholesterol levels, and lowering the risks of diseases like cancer and heart problems. It has antibacterial, antifungal, anti-inflammatory, emollient and sclerosant properties that aids in improving the complexion and nourishing dry skin. Consequently, it is utilized in the manufacturing of personal care products across the globe.
Almond Oil Market Trends:
There is currently a considerable rise in the application of almond oil in the pharmaceutical industry worldwide to produce various drugs. This can be accredited to their benefits, which include reducing irritable bowel syndrome (IBS) symptoms, elevating high-density lipoproteins (HDL) levels, and reducing incidences of colon cancer and low-density lipoproteins (LDP). Besides this, the rising awareness among individuals about the adverse impact of chemicals, such as parabens and phthalates, utilized in cosmetics represents another key factor strengthening the growth of the market. In addition to this, there is a significant rise in the need for natural and organic products with non-genetically modified organisms (GMO), plant-based ingredients, and clean labels, which, in turn, is contributing to market growth. Furthermore, leading market players are introducing new products and engaging in marketing campaigns, such as celebrity endorsements, to expand their overall sales, which is creating a favorable market outlook. Apart from this, the significant utilization of almond oil in the food and beverage (F&B) industry as a functional ingredient to manufacture various food products is driving the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global almond oil market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, application and distribution channel.
Breakup by Type:
Sweet Almond Oil
Bitter Almond Oil
Breakup by Application:
Food Preparation
Cosmetics
Pharmaceutical
Others
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Food Specialty Stores
Pharmacy
Cosmetic Discounters
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AOS Products Private Limited, Ashwin Fine Chemicals and Pharmaceuticals, Bajaj Consumer Care Ltd., Blue Diamond Growers Inc., Caloy Company LP, Dabur India Ltd, Eden Botanicals, ESI srl, Flora Manufacturing & Distributing Ltd., Liberty Vegetable Oil Company and Mountain Ocean Ltd.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2022
Historical Period
2017-2022
Forecast Period
2023-2028
Units
US$ Billion
Segment Coverage
Type, Application, Distribution Channel, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
AOS Products Private Limited, Ashwin Fine Chemicals and Pharmaceuticals, Bajaj Consumer Care Ltd., Blue Diamond Growers Inc., Caloy Company LP, Dabur India Ltd, Eden Botanicals, ESI srl, Flora Manufacturing & Distributing Ltd., Liberty Vegetable Oil Company and Mountain Ocean Ltd
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global almond oil market was valued at US$ 2.4 Billion in 2022.
We expect the global almond oil market to exhibit a CAGR of 12.2% during 2023-2028.
The expanding utilization of almond oil in personal care products, owing to its antibacterial, antifungal, anti-inflammatory, emollient, and sclerosant properties, is primarily driving the global almond oil market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of almond oil.
Based on the type, the global almond oil market can be segmented into sweet almond oil and bitter almond oil. Currently, sweet almond oil holds the majority of the total market share.
Based on the application, the global almond oil market has been divided into food preparation, cosmetics, pharmaceutical, and others. Among these, cosmetics currently exhibit a clear dominance in the market.
Based on the distribution channel, the global almond oil market can be categorized into supermarkets and hypermarkets, food specialty stores, pharmacy, cosmetic discounters, and others. Currently, cosmetic discounters account for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global almond oil market include AOS Products Private Limited, Ashwin Fine Chemicals and Pharmaceuticals, Bajaj Consumer Care Ltd., Blue Diamond Growers Inc., Caloy Company LP, Dabur India Ltd, Eden Botanicals, ESI srl, Flora Manufacturing & Distributing Ltd., Liberty Vegetable Oil Company, and Mountain Ocean Ltd.
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