Almond Oil Market Share along Trends with Key player and Regional Consumption Ratio| Forecast
Research Reports
Mar 22, 2022
Market Overview
Market Research Future (MRFR) studied the global almond oil market 2021 for the assessment period till 2024. As per MRFR study, the global almond oil market is expected to register 6.0?GR over the forecast tenure. By 2024, the global almond oil market can value at USD 1.2 Bn.
Kernels of Prunus Dulcis tree are sources of almond oil. The extraction can be done by both cold and hot press processes. Almond oil contains vitamins, such as; vitamin E, vitamin B, vitamin A, minerals, omega fatty acids, and proteins that make this oil an essential oil. The high demand of pure almond oil across the world due to high nutritional value and several health benefits offered by it can boost the growth of almond oil market in review period.
The almond oil market is expected to experiencing decent growth due to increasing demand for almond oil owing to the high nutritional values, health benefits, and taste offered by it. Almond oil is super rich in monounsaturated fats and antioxidants that makes it highly applicable in cooking, cosmetics, and medicines, due to benefits, such as; an reduction in moisturization of skin, inflammation, and regulation of cholesterol.
Key Players
Eden Botanicals (US), Jiangxi Baicao Pharmaceutical Co., Ltd (China), Henry Lamotte Oils GmbH (Germany), Caloy, Inc. (US), Florapower GmbH & Co. KG (Germany), Proteco Oils (Australia), Liberty Vegetable Oil Company (US), Ashwin Fine Chemicals & Pharmaceuticals (India), Aos Product Pvt. Ltd. (India), California Nut Oil Milling Company (US), Sydney Essential Oil Co. (Australia), Parchem Fine and Specialty Chemicals, Inc. (US), ConnOils LLC (US), Gustav Heess Oleochemische Erzeugnisse GmbH (Germany), and Bo International (India).
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Segment Study
The segment analysis of the global almond oil market is based on type, application, and process.
The product type-based segments of the global almond oil market are sweet and bitter. The segment of sweet is expected to secure the largest share and register a decent growth pace in the projected year. The bitter segment can expand at considerable pace over the review tenure. Sweet almond oil is edible and nutritious as compared to bitter almond oil and the surge in demand for the same can prompt the market upsurge.
The process-based segments of the global almond oil market are cold press and hot press. The segment of cold press segment is likely to acquire a decent market share of the market. The cost of cold compress is low and as it requires no pre-conditioning of the almonds and almonds can be pressed directly at room temperature. The low oil temperature and low acid value of cold pressed almond oil do not have any adverse effect on body unlike, traditional high-temperature oil. As cold oil maintains all nutritional content of the oil allowing the retention of physiologically active substance, and the original flavor and taste. Thus, the cold press segment can thrive in the forecast period owing to the growing inclination of consumers for cold pressed almond oil.
The application-based segments of the almond oil market are food & beverages, and personal care and cosmetics among others. The cosmetics and personal care segment is likely to gain the largest share in the worldwide almond oil market due to the several applications of almond oil in skincare, personal care, and makeup products. Increasing applications of almond oil due to properties, such as; moisturizing, antibacterial, antioxidant, antidepressant, astringent, and anti-inflammatory properties can contribute to the growth of the market. The surge in food & beverage application of almond oil can due to inclination towards natural or plant-based ingredients can support the market growth.
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Regional Analysis
The regional study of the global almond oil market is done for North America, Asia Pacific, and Europe, as well as the rest of the world. The almond oil market in North America is likely to hold the largest share of the worldwide almond oil industry due to the surge in usage of almond oil in different skincare products. The almond oil market in Asia Pacific is expected to register the fastest growth pace during the forecast term due to the spreading awareness about nutritional benefits of almond oil. Moreover, consumers are becoming aware about soothing and moisturizing effects of almond oil, which, in turn, can increase the market growth. The adoption of some growth strategies by key regional players, such as; innovations, expansions, product launches, and mergers can add to APAC market rise.
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