Almond Oil Market

Global Almond Oil Market Size (2024 to 2032)

The Global Almond Oil Market will estimate to grow USD 2.3 billion in 2024 and is estimated to be growing at a CAGR of 13.1%, to reach USD 6.16 billion by 2032.

MARKET OVERVIEW

Almond Oil Market is showcasing evident potential in the mentioned forecasting period. The Almond Oil Market continues to gain momentum with the rapid development in the food industry. Almond oil is vital to oil obtained from extracting almonds and is used as an ingredient for cosmetic preparations, for adding flavour, and for its medicinal properties. The almond oil can be colourless or pale yellow or yellow and is prepared by using various techniques. The growing demand for aromatherapy is a major driver for Almond Oil Market growth. Aromatherapy involves the usage of essential oils for a variety of health conditions and becoming popular among spa customers. The other drivers for the market growth are increasing preference for online shopping, leading to higher profit margins, an increasing number of retailing channels. However, lack of awareness and low affordability proves to be a major challenge for the Almond Oil market in some regions.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Almond Oil Market Analysis By Product

Based on product, Sweet Almond Oil is expected to major sub-segment of the Almond oil market, owing to the fact that this kind of almond oil can be used in cosmetic products, due to its moisturizing properties, this product is gentle on delicate skin.  Whereas Bitter Almond Oil is toxic, and its applications are limited to the medical field to treat bacterial and fungal infections.

Global Almond Oil Market Analysis By Application

Based on the Application, Cosmetics led the market because of the increased demand among cosmetics producers for natural ingredients. These ingredients are used in body lotions, face creams, hair oil, and many other products for cleaning and moisturizing purposes. It has diverse uses as a facial oil, body oil, baby oil, massage, and also in aromatherapy due to the comprehensive health advantages of almond oil.

Global Almond Oil Market Analysis – By Distribution Channel

The Almond oil industry was led by Pharmacy based on the Distribution Channel. Since pharmacy products are expected to be more reliable, the almond oil available in the Pharmacy has been dermatologically evaluated and is suitable for use on sensitive/delicate skin. The most commonly used pharmacy brand almond oil is facial oil, body oil, massage oil, baby oil, and aromatherapy product.

REGIONAL ANALYSIS

Almond Oil Industry was dominated by North America, with the largest market share globally and followed by Europe. Europe was the leading market in 2018 in terms of demand analysis, accounting for 32% of the global volume in 2018. Almonds have been gaining demand in Europe countries such as France, Germany, and the U.K. on account of their gluten-free characteristics and this is predictable to expand product usage in various applications like bakery, snacks, and breakfast cereals.

KEY PLAYERS IN ALMOND OIL MARKET 

Key Players in Almond Oil Market are AAK (Aarhus Karlshamn), Frontier Natural Products, Flora, Oil Seed Extractions, Proteco, Bajaj, Dabur, Caloy, Jiangxi Baicao Pharmaceutical Co., Ltd, AOS Products Private Limited, Mountain Ocean.

RECENT HAPPENINGS IN THE MARKET

• This is one of the ongoing projects based on almond oil’s UV ray protection capability, and the researchers have even seen some success. The project has the potential to open up a new segment under the Almond oil market, which produces advanced sunscreens.
• It’s an initiative by Frontier, a major contributor to the Almond oil market, based in India, it supports and develops the small-scale farmers in India to cultivate organic products with extra care, which includes almonds. It's a three-year project to bring over 100 farmers into organic cultivation of varieties products by providing stock, soil analysis, and training. Frontier Co-op will purchase all of the products that the project produces, guaranteeing the farmers a profitable market for the product they grow. It’s an important strategy adopted by Frontier to produce their own products with advanced handpicked care.

DETAILED SEGMENTATION OF GLOBAL ALMOND OIL MARKET INCLUDED IN THIS REPORT    

This research report on the global Almond Oil Market has been segmented and sub-segmented based on Product, Application, Distribution Channel & region.        

By Product:

• Sweet Almond Oil
• Bitter Almond Oil

By Application

• Cosmetics
• Food

By Distribution Channel

• Hypermarkets & Supermarkets
• Food Specialty Stores
• Pharmacy
• Cosmetic Discounters

 By Region:

• North America Europe
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa