Europe Almond Oil market size is expected to grow from USD 0.6 billion in 2024 to USD 1.1 billion in 2029, with a CAGR of 12.8% between 2024 and 2029.
The market is showcasing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rapid development in the cosmetics industry.
Almond oil is vital to oil obtained from extracting almonds and is used as an ingredient for cosmetic preparations, for adding flavor, and for its medicinal properties. The almond oil can be colorless or pale yellow or yellow and is prepared by using various techniques. The growing demand for aromatherapy is a major driver for market growth. Aromatherapy involves the usage of essential oils for a variety of health conditions and becoming popular among spa customers. Other drivers for the market growth are increasing preference for online shopping leading to higher profit margins, and a rising number of retailing channels. However, lack of awareness and low affordability prove to be a major challenge for the Almond Oil market in some regions.
The Europe Almond Oil Market is the second-largest market on a global level after North America and is predicted to grow substantially during the forecast period.
AAK, Frontier Natural Products, Flora, Oil Seed Extractions, Proteco, Bajaj, Dabur and Caloy are some of the notable companies in the Europe Almond Oil market.
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