According to IMARC Group latest report titled “Almond Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on almond oil market report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global almond oil market reached a value of US$ 2.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.3 Billion by 2027, exhibiting at a CAGR of 12.6% during 2022-2027.
Almond oil represents a colorless or pale-yellow oil derived from the seeds of the Prunus dulcis tree. It offers various essential nutrients, such as fats, fiber, phytochemicals, vitamins, minerals, etc. Almond oil assist in enhancing immunity, maintaining healthy cholesterol levels, lowering the risk of diseases, such as cancer and heart ailments, etc. Furthermore, it has antibacterial, antifungal, anti-inflammatory, emollient, and sclerosant properties that help in improving the complexion and nourishing dry skin. Consequently, almond oil is widely utilized to manufacture personal care items across the globe.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Trends:
The increasing product adoption in the pharmaceutical industry for producing numerous drugs to elevate high-density lipoproteins (HDL) levels, minimize irritable bowel syndrome (IBS) symptoms, reduce incidences of colon cancer and low-density lipoproteins (LDP), etc., is among the primary factors driving the almond oil market. Additionally, the growing consumer awareness towards the adverse impact of chemicals, including parabens and phthalates, in personal care items is further catalyzing the market growth. Besides this, the leading manufacturers are introducing advanced and cost-effective product variants and actively engaging in several marketing campaigns, such as celebrity endorsements, which, in turn, is acting as another significant growth-inducing factor. Moreover, the inflating need for natural and organic items with non-genetically modified organisms (non-GMO), clean label, and plant-based ingredients is projected to stimulate the almond oil market in the coming years.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some 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
- 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 (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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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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