Almond Oil Market Size, Share & Industry Analysis, By Type (Sweet, Bitter), By Distribution Channel (Online, Offline), By Application (Pharmaceutical, Personal care & Cosmetic, Food industry, Others) And Regional Forecast, 2024-2032

Almond oil is basically oil obtained from sweet and bitter almonds which are used for flavoring of food, medicinal purposes, and cosmetic preparations. Some of the factors which contribute to the growth of almond oil in the market include it is a perfect oil to be used for people having diabetes as it helps to stabilize the blood sugar, the consumption of almond oil is now increasing in people who wants to reduce their weight as is helps in the reduction of weight loss, the utilization of almond oil in the flavoring food products also plays a huge role for the growth of the market. According to the International Diabetes Federation, the global diabetes expenditure is about USD 760 billion dollars which is 10% of the adult population.

Additionally, almond oil is largely used by pregnant women to help avoid stretch marks that are happening during pregnancy. Also, it is one of the best massage oil in the market which isn’t greasy and doesn’t leave anything nasty on your skin which is very rare in massage oil. 

The rising growth of the utilization of almond oil in the beauty and cosmetic industries acts as a fostering factor for the growth of the market. As almond oil has the ability to decrease scar presence, enhance skin tone and complexion, lessen puffiness and under-eye circles which is acting as a nurturing factor for the growth of the cosmetic industry. Furthermore, especially for vegetarians, almond oil is highly essential as it provides a substantial amount of protein and iron which are mostly lacking by vegetarians also acts as a supporting factor for the growth of the market. According to Loud Cloud Health, the worldwide beauty industry is valued at about $532 billion.

Additionally, the innovative use of almond oil in the treatment of dandruff and hair damage also acts as an immense opportunity for the growth of the market. This is owing to more demand for almond oil by people who are having hair issues.

The higher cost of almond oil as compared to other types of oil acts as a restraining factor that hampers the growth of the market.

Key Players Covered:

Some of the major key players which are operating in the Almond Oil market include:

Liberty Vegetable Oil Company, AOS Products Private Limited, Mountain Ocean, Ashwin Fine Chemicals & Pharmaceuticals, Caloy Quality Natural Oils, Proteco Oils, Jiangxi Xuesong Natural Medicinal Oil Co., Ltd., and others.

These key players are working hard to come up with innovative use of almond oil by investing more in their research and development so as to utilize it in more areas.

The global perfume market is segmented by type, by distribution channel, by application, and by geography.

Based on type, the market is segmented into sweet and bitter almonds. Sweet almond is considered to obtain a higher share as compared to bitter almond this is due to the rising growth of the utilization of sweet almonds in personal care, cosmetics, and pharmaceutical industries.

On the basis of the distribution channel, the market is divided into online and offline. An offline distribution channel is considered to have a larger market share this is owing to the large presence of hypermarket, supermarkets, specialty stores, and others. who are displaying their wide varieties of product contributors which most consumers are not even aware of its existence.

Depending on the application the market is grouped into personal care and cosmetic, pharmaceutical, food industry, and others. Personal care and & cosmetics are anticipated to be the largest share this is owing to an increase in health concerns in the global population and also cosmetics industries focusing on promotional activities in television, social and print media, and others.

Regional Analysis:

Geographically, the global almond market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

The Asia Pacific is projected to be the fastest-growing and is anticipated to continue during the forecast period of 2019-2026. Some of the factors which contribute to the growth of the market include due to its great nutritional content more people in this region tend to increase their consumption,growing used of almond as a substitute of peanut butter, also due to its ability to combine with natural oil more oil manufacturers in this region added almond in their consumption oil and others. According to BW Business World, almond production in India during the period of 2017-18 is estimated at 1,000 Metric Tonne which act as one of the major contributor for the growth of the market.

North America and Europe are projected to show significant growth in the market. The contributing factors for the growth of the market in these regions are due to its gluten-free quality there is an increasing popularity in the usage of almond for the production of food products such as bakery, breakfast cereals, snacks, and others. Furthermore, investing more in research and development for the utilization of almond in this region also contribute to its growth. According to the Los Angeles Times, California  USA is considered to be the contributor of 82% of the global almond production.

Segmentation

Key Industry Developments

• In April 2019, Bajaj Consumer Care Ltd announced the launched of new Bajaj Cool Almond Drops Hair Oil. This oil will provide the advantage of a cooling oil with the absence of hassles and issues of stickiness.


• In February 2019, Blue Diamond Growers declared its partnership with  Grupo Lala Sign. This partnership will result in the distribution and sales of Almond Breeze.