Almond Oil Market
Almond Oil Market Size, Share & Trends Analysis Report, By Type (Sweet and Bitter), By Distribution Channel (Online and Offline), By Application (Pharmaceutical, Personal care & Cosmetic, Food industry, and Others) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
Almond oil market is anticipated to grow at a CAGR of 12.5% during the forecast period. Almond oil is comprised of around 78% oleic acid, up to 17% linoleic acid, and up to 5% palmitic acid. Almond oil is full of vitamin E, and it’s a great source of magnesium, phosphorus, and copper. Antioxidant-rich oil is known for its free-radical fighting abilities. It’s also anti-inflammatory and boosts immunity. Containing omega-3 fatty acids, almond oil might support maintaining healthy cholesterol levels and improve memory. It may support the lower risk of diseases, such as cancer and heart disease. Almond oil is significantly used for skin and hair health owing to its antioxidant properties. The two kinds of almond oil, sweet almond, and bitter almond, have different properties and are used for different purposes. Sweet almond oil can support skin to appear radiant and healthy and may soothe irritated skin. Bitter almond is used in soap, massage oils, and other products. Therefore, the rising personal care and cosmetic industry are driving the growth of the market.
Segmental Outlook
The global almond oil market is segmented based on type, distribution channel, and application. On the basis of type, the market is segmented into sweet and bitter. By distribution channel, the market is segmented into online and offline. Based on application, the market is segmented into pharmaceutical, cosmetics and personal care, food industry, and others. The pharmaceutical sector is anticipated to witness significant growth in the global almond oil market. Almond oil can serve as a solvent and dispersing agent for oleaginous injections. It supports the administration of lipophilic medications that cannot be taken orally. Owing to its ability to alleviate irritation, the oil can also be used in oleaginous eye drops. Almond oil has a variety of applications in this arena. For instance, it supports bronchial congestion, lung inflammations, lack of appetite, upset stomach, boils, skin irritation, and also with diaper dermatitis and bedsores. Additionally, it is also supposed to support stomach aches and colic in children, as well as to fight against hair loss and dandruff. It can further be used topically to support bladder or kidney ailments.
Sweet Almond Oil Segment to Witness Prominent Share in the Global Almond Oil Market
The sweet almond oil segment is estimated to dominate the market with a prominent share during the forecast period. The increasing preference from consumers concerned with health and wellness awareness across the globe is driving the demand for sweet almond oil. Sweet almond oil is beneficial for regenerating damaged skin cells by penetrating the skin with its emollient properties. Sweet almond oil is rich in vitamin E, monounsaturated fatty acids, proteins, potassium and zinc, as well as several other vitamins and minerals. Launches of sweet almond oil are further driving the market growth. For instance, in September 2020, Harris Woolf almonds launched a single source of sweet almond oil for the cosmetics and personal care ingredient.
Regional Outlook
The global almond oil market is further segmented based on geography including North America (the US and Canada), Europe (UK, Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa and Latin America). The market can be analyzed for a particular region or country level as per the requirement. North America is estimated to grow significantly in the market. According to the Food and Agriculture Organization (FAO), the US is the major producer of almonds, followed by Spain, Iran, and Australia.
Global Almond Oil Market Growth, by Region 2022-2028
Asia-Pacific Region to Witness Fastest Growth in the Global Almond Oil Market
Asia-Pacific region is projected to grow with the fastest CAGR in the market during the forecast period. The growing food processing industry in the region is supporting the production of items using almond oil. According to the International Trade Centre, India, China, Turkey, and the United Arab Emirates are the major importers of almonds from the US, with India and China holding a significant share of 72.6% in 2019. In 2020 the top importers of Almonds in shell fresh or dried were India with $874 million, China with $182 million, Hong Kong with $39.4 million, Spain with $34.1 million, and Turkey with $32.3 million.
Market Players Outlook
The major companies serving the global almond oil market include Blue Diamond Growers, Inc., Eden Botanicals, and Bajaj Consumer Care Ltd., among others. The market players are contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, and new product launches, to stay competitive in the market. For instance, in April 2019, Pip and Nuts debuted their vegan almond butter in the UK under the moniker "Cherry Bakewell." The product does not include palm oil and instead contains almond oil. It also includes Californian Almonds (which account for 59 % content value), coconut, agave syrup, dried cherries, Natural Almond Extract or Oil, and Sea Salt. The aforementioned item is strong in fibre, monounsaturated fats, vegan-friendly, and gluten-free.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global almond oil market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Recovery Scenario of Global Almond Oil Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Company
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Almond Oil Market by Type
4.1.1. Sweet
4.1.2. Bitter
4.2. Global Almond Oil Market by Distribution Channel
4.2.1. Online
4.2.2. Offline
4.3. Global Almond Oil Market by Application
4.3.1. Pharmaceutical
4.3.2. Personal care & Cosmetics
4.3.3. Food
4.3.4. Others
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. AOS Products Pvt Ltd.
6.2. Ashwin Fine Chemicals & Pharmaceuticals
6.3. Bajaj Consumer Care Ltd.
6.4. Blue Diamond Growers, Inc.
6.5. Caloy Quality Natural Oils
6.6. Dabur India Ltd.
6.7. Eden Botanicals
6.8. ESI srl
6.9. Jiangxi Baicao Pharmaceutical Co., Ltd.
6.10. Jiangxi Xuesong Natural Medicinal Oil Co., Ltd.
6.11. Liberty Vegetable Oil Co.
6.12. Mountain Ocean
6.13. NOW Foods
6.14. Proteco Oil
1. GLOBAL ALMOND OIL MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL SWEET ALMOND OIL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL BITTER ALMOND OIL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL ALMOND OIL MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
5. GLOBAL ALMOND OIL FROM ONLINE DISTRIBUTION CHANNELS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL ALMOND OIL FROM OFFLINE DISTRIBUTION CHANNELS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL ALMOND OIL MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
8. GLOBAL ALMOND OIL IN PHARMACEUTICAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL ALMOND OIL IN PERSONAL CARE AND COSMETICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL ALMOND OIL IN FOOD MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL ALMOND OIL IN OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL ALMOND OIL MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
13. NORTH AMERICAN ALMOND OIL MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
14. NORTH AMERICAN ALMOND OIL MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
15. NORTH AMERICAN ALMOND OIL MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
16. NORTH AMERICAN ALMOND OIL MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
17. EUROPEAN ALMOND OIL MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. EUROPEAN ALMOND OIL MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
19. EUROPEAN ALMOND OIL MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
20. EUROPEAN ALMOND OIL MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC ALMOND OIL MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC ALMOND OIL MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC ALMOND OIL MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC ALMOND OIL MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
25. REST OF THE WORLD ALMOND OIL MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
26. REST OF THE WORLD ALMOND OIL MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
27. REST OF THE WORLD ALMOND OIL MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
28. REST OF THE WORLD ALMOND OIL MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. GLOBAL ALMOND OIL MARKET SHARE BY TYPE, 2021 VS 2028 (%)
2. GLOBAL SWEET ALMOND OIL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
3. GLOBAL BITTER OIL ALMOND OIL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
4. GLOBAL ALMOND OIL MARKET SHARE BY DISTRIBUTION CHANNEL, 2021 VS 2028 (%)
5. GLOBAL ALMOND OIL FROM ONLINE DISTRIBUTION CHANNELS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL ALMOND OIL FROM OFFLINE DISTRIBUTION CHANNELS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL ALMOND OIL MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
8. GLOBAL ALMOND OIL IN PHARMACEUTICAL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL ALMOND OIL IN PERSONAL CARE AND COSMETICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL ALMOND OIL IN FOOD MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL ALMOND OIL IN OTHER APPLICATIONS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL ALMOND OIL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. US ALMOND OIL MARKET SIZE, 2021-2028 ($ MILLION)
14. CANADA ALMOND OIL MARKET SIZE, 2021-2028 ($ MILLION)
15. UK ALMOND OIL MARKET SIZE, 2021-2028 ($ MILLION)
16. FRANCE ALMOND OIL MARKET SIZE, 2021-2028 ($ MILLION)
17. GERMANY ALMOND OIL MARKET SIZE, 2021-2028 ($ MILLION)
18. ITALY ALMOND OIL MARKET SIZE, 2021-2028 ($ MILLION)
19. SPAIN ALMOND OIL MARKET SIZE, 2021-2028 ($ MILLION)
20. REST OF EUROPE ALMOND OIL MARKET SIZE, 2021-2028 ($ MILLION)
21. INDIA ALMOND OIL MARKET SIZE, 2021-2028 ($ MILLION)
22. CHINA ALMOND OIL MARKET SIZE, 2021-2028 ($ MILLION)
23. JAPAN ALMOND OIL MARKET SIZE, 2021-2028 ($ MILLION)
24. SOUTH KOREA ALMOND OIL MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF ASIA-PACIFIC ALMOND OIL MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF THE WORLD ALMOND OIL MARKET SIZE, 2021-2028 ($ MILLION)
