Almond Oil Market To Rise At 12.2% CAGR By 2025, Spurred By Growing Demand For Organic, Herbal And Personal Care Goods By Customers | Grand View Research Inc.

Almond Oil Market To Rise At 12.2% CAGR By 2025, Spurred By Growing Demand For Organic, Herbal And Personal Care Goods By Customers | Grand View Research Inc.

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According to a report published by Grand View Research, growing demand for organic, herbal, and natural beauty and personal care goods by customers is a key factor propelling the market growth.

The global almond oil market size is expected to reach USD 1.6 billion by 2025, registering a 12.2% CAGR over the forecast period. Increasing consumer awareness regarding harmful chemicals used in cosmetics and personal care products has propelled the demand for organic and natural ingredients in these product categories. Furthermore, almond oil possesses excellent nutritional properties, including being a rich source of vitamin E, unsaturated fatty acids, and phytosterols and as a result, its application in aromatherapy, food and beverages, cosmetics, and personal care segments has increased.

Sweet oil is the fastest-growing product segment owing to its increasing application in cosmetics and personal care products. The segment is expected to register a revenue-based CAGR of 12.3% from 2019 to 2025. Key manufacturers are launching new products to cater to the increasing demand from customers. For instance, in September 2020, Harris Woolf Almonds launched single-source sweet almond oil for cosmetics and personal care made from 100% food-grade almonds.

Asia Pacific is the fastest growing almond oil market and is projected to register a CAGR of 12.8% in terms of revenue from 2019 to 2025. Over the past few years, the region has been witnessing increased investments in marketing campaigns and new product launches in developing countries such as India. For instance, in April 2019, Bajaj Corp Ltd launched a new cooling hair oil in India. This product launch is supported by an integrated marketing campaign by the company, which is focusing on celebrity endorsements to increase product visibility as well as penetration in the country. These initiatives are expected to remain key trends over the coming years.

U.S. almond oil market size, by product, 2015 - 2025 (USD Million)

Almond Oil Market Report Highlights

  1. On the basis of product, the Sweet oil product segment dominated the market and is expected to exhibit a CAGR of 12.3% during the forecast period. The segment is driven by increasing applications in cosmetics, personal care, and pharmaceutical sectors.

  1. Bitter almond oil accounted for 32.8% of the global almond oil market in 2018. The bitter almond oil serves several health benefits such as hindering fungal growth, pain treatment and spasms, killing intestinal worms and bacteria.

  1. On the basis of application, the personal care and cosmetics segment is the largest and fastest-growing segment and is likely to exhibit a CAGR of 12.3% from 2019 to 2025, owing to a significant increase in product application in the industry.

  1. The Asia Pacific region is projected to expand at a rapid pace with a CAGR of 12.8% during the forecast period.

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Almond Oil Market Segmentation

Grand View Research has segmented the global almond oil market on the basis of product, application, and region:

Almond Oil Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 – 2025)

  • Sweet

  • Bitter

Almond Oil Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 – 2025)

  • Personal Care and Cosmetics

  • Pharmaceuticals

  • Food Industry

Almond Oil Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 – 2025)

  • North America

    •  U.S.

  • Europe

    • U.K.

    • Germany

    •  France

  • Asia Pacific

    • China

    • Japan

    •  India

  • Central & South America

    •  Brazil

  • Middle East & Africa

List of Key Players of Almond Oil Market
• Caloy, Inc.
• Blue Diamond Growers
• Jiangxi Baicao Pharmaceutical Co., Ltd
• Bajaj Corp Ltd
• Dabur India Ltd
• Frontier Natural Products Co-op
• Eden Botanicals
• Ashwin Fine Chemicals & Pharmaceuticals
• Proteco Oils
• Indian Natural Oils.

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Grand View Research is a market research and consulting company that offers market research reports, syndicated and customized reports. The company is headquartered in San Francisco, California. It offers client engagement for business consulting and market intelligence from various domains. The clientele is based across various countries with queries coming from more than 50 industries worldwide.
Grand View Research helps its clients to make informed decisions by helping them understand current trends and scenarios. Every year Grand View Research accomplishes more than 300 multi-country market studies to optimize consulting for clients.

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