Almond Oil Market
Market
Analysis:
The global almond oil
market forecast will be $3100 billion by 2026, increasing from $729.2 million
in 2018 at a healthy CAGR of 14.6%. North America market share is growing at a
CAGR of 8.5% by generating revenue of $1900 billion by 2026. Asia-Pacific
regional growth is expecting $1100 billion by 2026.
Almond oil is obtainedby
the cold pressure method also they are excellent source of oil which is taken
out from the almond kernels of tree prunus dulcis. Almond oil is very
beneficial for the treatment of skin diseases such as pimples, eczema also for
the treatment of diabetes, kidney problems, gastro enteritis and others.
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Market
Drivers:
Surging demand for almond oil among
cosmetic manufacturers
Significantpropeller
influencing the increased demand for almond oil worldwide is its vast usage in
cosmetic products owing to the huge requirement of natural ingredients used in body
lotions, face creams, hair oil and in various other products for the purpose of
cleansing as well as moisturizing. Ascribed to the enormous health benefits of
almond oil, it has number of uses as a body oil, facial oil, baby oil and
aromatherapy. Moreover, the rising urban population along with theincrease in
standard of living isfew other factors propelling the demand for almond oil as
nowadays consumer are more conscious about natural ingredients.
Market
Restraints:
Thefactors
such as dearth of awareness about the useful benefits of almond oil among few
consumers along with the fluctuating prices of the almond oil islimiting the
global almond oil market in recent years.
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The Global Almond OilMarket has been segmented as below:
By Type
·
Sweet Almond Oil
·
Bitter Almond Oil
By
Application
·
Food Preparation
o
Cooking Oil
o
Confectionery
o
Others
·
Cosmetic
o
Skin Care
o
Hair Care
·
Pharmaceutical
·
Others
By
Distribution Channel
·
Hypermarkets & Supermarkets
·
Food Specialty Stores
·
Pharmacy
·
Cosmetic Discounters
·
Others
By
Region
·
Europe
·
North America
·
Asia Pacific
·
Rest of The World
By Company
·
Proteco Oils
·
Florapower GmbH & Co. KG
·
Eden Botanicals (US), Caloy, Inc.
·
Henry Lamotte Oils GmbH
·
Jiangxi Baicao Pharmaceutical Co., Ltd
·
Liberty Vegetable Oil Company
·
Aos Product Pvt. Ltd.
·
Ashwin fine Chemicals & Pharmaceuticals
·
California Nut Oil Milling Company
·
Gustav HeessOleochemischeErzeugnisse GmbH
·
Parchem Fine and Specialty Chemicals, Inc.
·
Sydney Essential Oil Co.
·
ConnOils LLC
· Bo International