According to IMARC Group latest report titled “Almond Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on almond oil market growth. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global almond oil market size reached US$ 2.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 6.9 Billion by 2032, exhibiting a growth rate (CAGR) of 10.7% during 2024-2032.
Almond oil, extracted from the kernels of almonds, is a versatile and widely used oil with numerous health, culinary, and cosmetic applications. This oil comes in two main varieties, including sweet almond oil and bitter almond oil. Sweet almond oil, the more commonly used type, is derived from edible almonds and is prized for its nutritional benefits and mild, pleasant flavor. It is rich in vitamin E, monounsaturated fatty acids, potassium, and zinc, making it a popular choice for skin and hair care products due to its moisturizing and softening properties. Bitter almond oil, on the other hand, is extracted from the bitter almond plant and contains amygdalin, which turns into toxic hydrocyanic acid after processing. Due to its toxicity, bitter almond oil is primarily used in aromatherapy and as a flavoring agent in small, regulated amounts. Almond oil’s high smoking point also makes sweet almond oil a favored option for cooking, particularly for sautéing and dressing salads.
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Market Trends:
The rising consumer awareness regarding the health benefits associated with almond oil is driving the global market. Rich in vitamins, minerals, and antioxidants, almond oil is acclaimed for its beneficial impacts on skin and hair health, which makes it a preferred ingredient in the beauty and personal care industry. Moreover, the adoption of almond oil in the culinary sector also propels the market. Due to its favorable nutritional profile, including high levels of omega-9 fatty acids, it is increasingly used as a healthier alternative to conventional cooking oils. This shift is largely influenced by the global rise in health-conscious consumers who prefer natural and minimally processed foods. Furthermore, the expanding applications of almond oil in alternative medicine and aromatherapy further augment its market growth. Additionally, the global wellness trend drives the incorporation of almond oil in various therapeutic products and practices. Furthermore, the market benefits from advancements in extraction technologies and processing methods which improve the yield and purity of almond oil, making it more appealing and accessible to a broader consumer base. These technological enhancements not only help in meeting the growing demand but also in maintaining the oil's nutritional benefits, thus boosting its market appeal.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- 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
- Mountain Ocean Ltd
Almond Oil Market Segmentation:
Our report has categorized the market based on region, 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)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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