Almond Oil Market

Market Overview:

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: