Global Almond Oil Market By Product (Sweet and Bitter), By Application (Personal Care & Cosmetics, Pharmaceuticals, Food and Other Applications), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Almond Oil Market Overview:

The global almond oil market is estimated to be worth USD 1,647 million in 2021. It will reach USD 6,317.7 million by 2032. There will be a 13.0% (CAGR) between 2022 and 2032.

Almond oil from sweet almonds or bitter almonds is a great source of unsaturated oils and phytosterols. Almond oil is rich in vitamin E and has excellent moisturizing qualities. Market growth can be attributed to the increase in production and preference for natural ingredients in cosmetic products, urbanization, as well as increased use of almond oil in pharmaceutical industries.

Global Almond Oil Market Scope:

Product Analysis

Sweet oil is both the fastest-growing and largest product segment. This is due to its increasing use in the cosmetics, personal and pharmaceutical sectors. The oil extracted from almonds is rich in copper, magnesium, vitamin E, and phosphorus. It can be used as an effective laxative, as well as treatment for breast, bladder, uterus, and spleen cancers. It is widely used in cosmetics, particularly to treat dry, chapped, or irritated skin.

A 32.8% share of the global almond oils market was held by bitter almond oil in 2021. This oil is toxic and has to be refined before it can be used. This type of almond oil is good for your health. It can inhibit fungal growth, treat pain and spasms as well as kill intestinal worms and bacteria. Once the toxins have been removed, the oil can be used for flavoring edibles.

Application Analysis

The fastest-growing segment in personal care and cosmetics will be the one with the highest CAGR. This is due to the significant rise in product application. Cosmetics are becoming more popular with natural ingredients being preferred. Many countries around the world have banned the use of toxic chemicals.
Consumers are increasingly adopting a healthier lifestyle and there is a growing demand for healthy and nutritious food ingredients. This has prompted key manufacturers to embrace market strategies like new product launches and product innovation.

Key Маrkеt Ѕеgmеntѕ:

By Product

• Sweet Almond Oil
• Bitter Almond Oil

Application

• Personal Care and Cosmetics
• Pharmaceuticals
• Food Industry
• Other Applications

Market Dynamics:

In the last few years, customers have become much more aware of their health and nutrition. This has fueled the demand for organic products like non-GMO, plant-based ingredients as well as clean labels. The product market has opened up in emerging countries such as India, China, and China due to changing lifestyles and higher living standards. Market players will have new opportunities if strict regulations are implemented, such as the ban on harmful chemicals being used in cosmetics.

The oil extracted from almonds contains high levels of vitamin E, Omega fatty acids, and minerals. It is also rich in phytosterols as well as unsaturated and saturated fatty acids. This oil has exceptional moisturizing qualities that can be used for aromatherapy. In order to meet customer demand, major manufacturers are creating new products.

Regional Analysis:

The Asia Pacific accounted for the fastest-growing regional market with a 35% share, growing at 12.8% annually between 2023-2032. In order to increase customer visibility, manufacturers are using various marketing strategies including product innovation, new product launches, and celebrity endorsements. This product is much lighter than its predecessor and has no stickiness. The combination of camphor and mint keeps the hair cool and moisturizes. This product launch will allow the company to expand its presence in India’s emerging market.

Almonds have enjoyed a rise in popularity in European countries like Germany, France, and the U.K. due to their gluten-free properties. This is expected to increase product usage in various areas such as bakery, snack, and breakfast cereals.

Because of its crunchy texture, attractive taste, and consistent supply, food processing units across Europe will likely include this functional ingredient when making various food products. A positive outlook in the region’s organic personal care market, which is driven by growing awareness of the benefits and safety of natural and chemical-free products, will lead to new opportunities.

Кеу Regions and Countries covered in the rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Key Companies & Market share:

• AOS Products Private Limited,
• Ashwin Fine Chemicals & Pharmaceuticals,
• Blue Diamond Growers, Inc.,
• Caloy Quality Natural Oils,
• Eden Botanicals,
• Jiangxi Baicao Pharmaceutical Co., Ltd.,
• Jiangxi Xuesong Natural Medicinal Oil Co., Ltd.,
• Liberty Vegetable Oil Company,
• Mountain Ocean,
• NOW Foods,
• Proteco Oils.

Маrkеt Рlауеrѕ іnсludеd in the rероrt:

• AOS Products Private Limited
• Caloy Quality Natural Oils
• Eden Botanicals
• Jiangxi Xuesong Natural Medicinal Oil Co.
• Ashwin Fine Chemicals & Pharmaceuticals
• Blue Diamond Growers
• Proteco Oils
• NOW Foods
• Other Key Players

For the Almond Oil Market research study, the following years have been considered to estimate the market size: