Almond oil, extracted from almonds through cold pressing or oil milling, closely tracks almond market fluctuations. In the first half of 2023, prices surged due to unexpected climatic challenges in the U.S., including drought and water shortages, exacerbated by global climate change. While demand remained steady initially, rising prices and inflation impacted sectors such as cooking, healthcare, personal care, and pharmaceuticals. Despite these challenges, almond oil prices largely remained high, reflecting overall positive market sentiments.
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Definition
Almond oil is a natural, edible oil derived from almonds through cold pressing or oil extraction processes. It is known for its mild, nutty flavor and is widely used in culinary applications, personal care products, and as a carrier oil in aromatherapy. Almond oil is valued for its moisturizing and nourishing properties in skincare and haircare products and is considered a versatile, natural ingredient.
Key Details About the Almond Oil Price Trends:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Almond Oil in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Almond Oil Price Trends, including India Almond Oil price, USA Almond Oil price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Almond Oil Price Trends:
Almond oil is utilized across various industries, including cosmetics and personal care, where it serves as a common ingredient in skincare, haircare, and massage products due to its moisturizing and emollient properties. In the food industry, it is employed for culinary purposes, as a cooking oil and flavor enhancer, particularly in baking and confectionery. Additionally, almond oil is used in pharmaceuticals and aromatherapy, acting as a carrier oil for essential oils and as a base for medicinal and therapeutic formulations.
Key Players:
- Liberty Vegetable Oil Company
- AOS Products Private Limited
- Ashwin Fine Chemicals & Pharmaceuticals
- Caloy Quality Natural Oils
- Proteco Oils
- Jiangxi Xuesong Natural Medicinal Oil Co., Ltd.
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