Published : 13 July, 2018
Almonds are the rich source of oil, and it is extracted from almond kernels of tree Prunus Dulcis. It is extracted using cold-pressed method and is available in two different forms i.e. sweet almond oil and bitter almond oil. It is a rich source of vitamin E, vitamin B, vitamin A, minerals, omega fatty acids and proteins which makes almond oil an all-purpose carrier and essential oil used in cosmetics, food, and pharmaceutical industry. North Africa, Middle East, and South Asia are the major producers of almonds in the global market. Currently, its demand is increasing as a natural ingredient in skin care, hair care, and other cosmetics products due to its high nutritional value and varied health benefits. The Global Almond Oil Market is expected to reach USD XX Billion by 2023 from USD XX Billion in 2017, at a CAGR of XX% from 2018 to 2023. The factors majorly driving the Almond Oil Market are worldwide population growth, increasing demand among cosmetic manufacturers due to high requirement of natural ingredient used in body lotions, face creams, hair oil and in many other products for cleansing and moisturizing purpose
The market is analyzed across four geographical regions, namely, North America (U.S., Canada and Mexico), Europe (UK, Germany, France and rest of Europe), Asia-Pacific (China, Japan, India and rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa). Asia Pacific holds the highest market about XX% of total market share. As the demand for food is rising considering the high population base in the region Increase in health concerns of consumers in the developing countries, such as India and China, is expected to fuel the growth of the Asia-Pacific almond oil market. Wider scope of almond oil as an essential oil in various applications such as pharmaceutical and aromatherapy have further supplemented the market growth in the region.
The Almond Oil Market is segmented on the basis of Types, Applications, and Distribution channels and by region. There are two types of almond oil that we considered on the basis of Sweet Almond Oil and Bitter Almond Oil out of which sweet type holds the largest market share.
Almond Oil Industry by Application covered in this report include Food Preparation, Cosmetics, and Pharmaceutical. Cosmetics segment holds the largest share of about XX% of market and it is also the fastest growing with the CAGR of XX% in the forecasted period.
There are various regulatory bodies actively looking after company rules & regulations for addressing Almond oil usage policies. Products from pharmacy are supposed to be more reliable and thus almond oil available in pharmacy has been dermatologically tested and is appropriate for use on sensitive/delicate skin. Pharmacy brand almond oil is mostly utilized in the production of facial oil, body oil, massage oil, baby oil, and aromatherapy products.
For More Details:- https://genesismarketinsights.com/viewreport/73/27/Almond-Oil-Market
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