Almond Oil Market Size | Top Manufacturers Analysis, Emerging Trend and Growth Forecast to 2031

 The global almond oil market size was valued at $1,456.3 million in 2020, and is projected to reach $5,584.4 million by 2031, growing at a CAGR of 13.0% from 2022 to 2031.

Get Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/3087

 Leading Market Players

  • AOS Products Private Limited
  • Ashwin Fine Chemicals & Pharmaceuticals
  • Blue Diamond Growers, Inc.
  • Caloy Quality Natural Oils
  • Eden Botanicals
  • Jiangxi Baicao Pharmaceutical Co., Ltd.
  • Jiangxi Xuesong Natural Medicinal Oil Co., Ltd.
  • Liberty Vegetable Oil Company
  • Mountain Ocean
  • NOW Foods
  • Proteco Oils

Almond oil is extracted from kernels of Prunus Dulcis tree using cold-pressed method. Presence of various vitamins such as Vitamin E, B, and A; minerals; proteins; and omega fatty acids make this oil an all-purpose essential and carrier oil, which is utilized in food preparation, pharmaceutical and cosmetic industries. The demand for almond oil is increasing across the globe due to its health advantages and high nutritional value.   

Buy This Report (263 Pages PDF with Insights, Charts, Tables, and Figures): https://www.alliedmarketresearch.com/purchase-enquiry/3087

 

Drivers, Restraints, and Opportunities

Increase in production of aromatherapy products, surge in preference toward cosmetic products containing natural ingredients, and rise of applications in the pharmaceutical industry drive the growth of the global almond oil market. However, high prices of different types of almond oils restrain the market growth. On the other hand, changes in lifestyle and supportive government regulations present new opportunities in the coming years.

Covid-19 Scenario

  • Manufacturing activities of almond oil stopped partially or completely due to lockdown implemented across many countries. Moreover, disruptions in the supply chain and shortage of raw materials presented challenges in carrying out manufacturing with full capacity.
  • The demand from application industries such as pharmaceutical, cosmetic, and others rolled down significantly due to halt in day-to-day operations during the lockdown. However, the demand is estimated to grow steadily post-lockdown as daily operations begin.

The sweet almond oil segment to continue its leadership status during the forecast period

Based on type, the sweet almond oil segment contributed to the largest share in 2020, accounting for more than two-thirds of the global almond oil market, and is projected to continue its leadership status during the forecast period. This is due to treatment for skin disorders such as psoriasis and eczema and wide utilization in skincare, pharmaceutical, and color-cosmetic industries due to its unique combination of healthy moisturization and natural stability. However, the bitter almond oil segment is projected to manifest the highest CAGR of 13.7% from 2022 to 2031, owing to wide usage in aromatherapy products and its capability in cleaning bacterial growth that may potentially cause infections or diseases.

Request For Customization: https://www.alliedmarketresearch.com/request-for-customization/3087

The cosmetic discounters segment to continue its lead position during the forecast period

Based on distribution channel, the cosmetic discounters segment accounted for the highest share in 2020, contributing to more than one-third of the global almond oil market, and is expected to continue its lead position during the forecast period. This is attributed to availability of private label products at budgeted prices and better deals than other stores such as hypermarkets & supermarkets. However, the pharmacy segment is estimated to portray the largest CAGR of 13.9% from 2022 to 2031, owing to its usage in treatment for skin diseases such as psoriasis, more reliability than other channels, and utilization in manufacturing facial oil, body oil, massage oil, baby oil, and aromatherapy products.

Comments

Post a Comment

Popular posts from this blog

Olive Oil Market Growth, Share, Size, Trends Analysis Report, Region, and Segment Forecasts By 2032

 The Olive Oil Industry is driven by a rise in the number of cooking shows and food blogging. Celebrity chefs and influencers often showcase olive oil as a star ingredient in various culinary creations, emphasizing its versatility and health benefits. As audiences around the world are exposed to these engaging presentations, there is a growing awareness and appreciation for olive oil's unique flavors and its role in enhancing dishes. The popularity of olive oil in cooking shows not only boosts its demand but also inspires viewers to incorporate it into their culinary endeavors, contributing to a sustained increase in market consumption. Food blogging, with its visually appealing content and culinary expertise, further amplifies the demand for olive oil. Bloggers often feature recipes, cooking tips, and the benefits of using olive oil, influencing their followers to embrace this ingredient in their home kitchens. The interactive nature of these platforms allows for direct engagement...
Read more

Stevia Market Growth 2024

Stevia is a natural sweetener derived from the leaves of the Stevia rebaudiana plant and is a popular alternative to sugar due to its intensely sweet taste with minimal caloric impact. The two main types of stevia compounds responsible for its sweetness are stevioside and rebaudioside. It has widespread application across various industries, including food & beverage, pharmaceuticals, and personal care products. Its uses range from sweetening beverages, desserts, and snacks to serving as a sugar substitute in dietary supplements and oral care products. With its natural origin and low-calorie profile, stevia continues to gain popularity as consumers seek healthier alternatives to sugar without compromising on taste. Rise in prevalence of diabetes and obesity has a direct and significant impact on the stevia market due to rise in demand for natural, low-calorie sweeteners as alternatives to sugar. Stevia is derived from the leaves of the Stevia rebaudiana plant. It is known for its s...
Read more

Vegan Chocolate Market Size to Witness Robust Expansion: $2 Billion by 2032

 Vegan chocolate refers to a kind of chocolate that is completely free from any animal-derived ingredients. Traditional chocolate normally contains ingredients like milk or milk solids, butterfat, and sometimes even other additives that may also come from animals. In contrast vegan chocolate is made with choice ingredients that do not contain animal exploitation or animal by-products. Common substitutes for dairy milk in vegan chocolate include plant-based milks such as almond milk, soy milk, coconut milk, oat milk, or rice milk. Instead of normal butterfat, vegan chocolate might also use plant-based fat like cocoa butter or coconut oil.  Get a Sample PDF Report to understand our report before you purchase: https://www.alliedmarketresearch.com/request-sample/A135431  Vegan chocolate production generally requires fewer assets and has a decrease environmental influence in contrast to common chocolate made with animal-derived ingredients. The use of plant-based ingredients s...
Read more