Global Almond Oil Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global almond oil market in its upcoming report titled, “Global Almond Oil Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global almond oil market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global almond oil market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global almond oil market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global almond oil market report has been segmented on the basis of type, application, end-use, distribution channel, and region.
Almonds are considered as a rich source of oil, and almond oil is extracted from the almond kernels of Prunus Dulcis tree. Extraction of almond oil is primarily done using the cold-pressed method, and is available mostly in two different varieties i.e. sweet almond oil and bitter almond oil. Almond oils are rich in vitamins, minerals, proteins, and omega fatty acids, because of which they are widely used in pharmaceutical industries, food industries, and cosmetic industries. South Asia, North Africa, and the Middle Eastern countries are major producers and exporters of almonds across the globe.
High demand for almond oil from the cosmetic industry, and increasing end use applications of almond oil are key factors driving growth of the global almond oil market. Also, various health benefits of almond oil, coupled with increasing preference by individuals for natural ingredients in cosmetics and ready-to-eat foods are major factors expected to fuel growth of the global almond oil market over the forecast period. In addition, rapid urbanization, changing lifestyle, and increasing disposable income in emerging economies are other factors anticipated to aid in growth of the global almond oil market to a moderate extent.
However, high cost of almond oil is a major factor restraining growth of the global almond oil market. Additionally, fluctuations in almond prices, and over consumption of almond oil can lead to various health problems such as weight gain, blurred vision, headaches, and diarrhea. These are an important factors anticipated to hamper growth of the global almond oil market over the forecast period.
Currently, the market in North America dominates the global almond oil market in revenue terms owing to growing awareness about almond oils and related products, coupled with rising demand for aromatherapy products in the region. The market in Asia Pacific accounted for second-highest revenue share in the global almond oil market, due to rapid urbanization, and rising demand for almond oil from emerging economies such as China and India, followed by markets in Latin America, Asia Pacific and Middle East & Africa respectively. The markets in Europe, Latin America are also expected to witness moderate growth over the forecast period.
Global almond oil market segmentation by type:
- Sweet almond oil
- Bitter almond oil
Global almond oil market segmentation by application:
- Food Industry
- Pharmaceutical Industry
- Cosmetics & Personal care products
Global almond oil market segmentation by end-use:
- Household Use
- Commercial Use
Global almond oil market segmentation by distribution channel:
- Departmental stores
- Pharmaceutical stores
- Online stores
Global almond oil market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- 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
- Blue Diamond Global Ingredients
- Ashwin Fine Chemicals & Pharmaceuticals
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