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Almond Oil Market Size 2023
The Global Almond Oil Market value was USD 1,456 Mn in 2023. By 2033, it is expected to reach USD 4,942 Mn. The market will grow at a CAGR of 13%
NEW YORK CITY, NEW YORK, UNITED STATES, March 16, 2023 /einpresswire.com / -- The Global almond oil market value was USD 1,456 Mn in 2023. By 2033, it is expected to reach USD 4,942 Mn. The market will grow at a CAGR of 13% between 2023-2033. Almonds have healthy fats, as well as protein. Almonds also contain Vitamin E and manganese. There are many ways to use almond oil. It can also be used to replace oil or other cooking oils. It has a high smoke point, which means that it can withstand higher temperatures without becoming toxic. It is ideal for baking due to its rich and complex flavor.
Almond Oil Market Scope
Segmentation by Type includes Sweet Almond Oil, Bitter Almond Oil, and Soy Almond Oil. The market is segmented by application into Food, Cosmetic, and Carrier oils.
Markets are analyzed based on geography across North America. Europe, Asia-Pacific, and Latin America. Flora, AAK Natural Oils and OSE, Caloy and ESI, Huiles Bertin, (FR), A.N.V Foods Pvt Ltd. (IN), K. K. Enterprise and NowFoods, Proteco Oils OLIOFORA.
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The growth of the market is due to increased production of cosmetic and aromatherapy products, customer preference towards natural ingredients, urbanization, along with an increase in applications of almonds in the pharmaceutical industry.
Changes in lifestyles and an increase in disposable income support the growth in almond oil Market Share. The high price may hinder the market growth. The high cost of cosmetic ingredients and government regulations that support natural and organic ingredients in cosmetic formulations offer huge potential for market expansion.
This ingredient has gained significant popularity due to its numerous applications in the cosmetics and personal care industries. Over the last decade, there has been a rise in organic and natural ingredient formulas.
Market Size for Almond oil can cause excessive consumption, weight gain, high cholesterol, or allergic reactions. This will likely slow down the Market's expansion.
Key Market Segments
Sweet Almond Oil
Bitter Almond Oil
Key Market Players included in the report:
AAK Natural Oils
Huiles Bertin (FR)
A.N.V Foods Pvt Ltd (IN)
K. K. Enterprise
Complete the Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share:
Almond oil will grow in the forecast period due to a decrease in beverages that are not consumed at home and disruptions to supply chains.
As an excipient of cosmetics, its consumption is likely to increase.
Almond oil does not cause side effects as it comes from nature. Natural oils don't have the same side effects as synthetic oil. It does not leave toxic residues. This should increase almond oil's usage in cosmetic formulations worldwide.
FDA and other government agencies have taken initiatives to improve natural ingredients in food products and pharmaceuticals. The government's favorable regulations have made it possible for new players to enter this market and allowed existing players to penetrate the market more effectively.
The government's initiatives and regulations will bring lucrative growth opportunities to market players in this sector. All these factors are expected to drive growth in the Almond Oil Market during the forecast period.
The almond oil Market can be used in many different industries. The almond oil market has its own challenges. Market growth will be limited by high almond prices during the forecast period.
Spain is the largest almond-producing country in Europe. California, the United States is the other. It is very expensive to source it in North America or Europe. This is because of the inhospitable conditions on most continents.
It is best to grow almonds at a temperature between 30-35o C. Cold winters are great for both plant growth and kernel-filling. Almond flowers can tolerate low temperatures up to 22.2 C. However the blossoms during their petal fall stage may be damaged at 0.5oC-11.1 C. Therefore, almond oil imports will be necessary.
In addition, excessive consumption can lead to weight gain, cholesterol increases, and allergic reactions. Some allergic reactions to almonds include nausea, vomiting, difficulty swallowing, and difficulty breathing. This is yet another reason why the market is expected to slow down.
Bajaj Consumer Care Ltd. declared in June 2022 it would launch new products under the Bajaj almond drops brand. According to a top company official, this is to increase the company's equity as a leading hair oil manufacturer.
Bajaj almond Drops launched the moisturizing soap. The firm now plans to add haircare products to its range. Bajaj Almond Drops has launched new products. It is part of a three-pronged strategy for growing the business.
Blue Diamond Growers and Grupo Lala signed a partnership on February 19, 2019. As a result, Almond Breeze will be distributed and sold.
Blue Diamond, the #1 almond butter brand, will be able to expand Mexican demand for Almond Breeze Almond Milk (r), thanks to LALA's strength and leadership in Mexico. Blue Diamond Growers made significant investments in its international business development, and Blue Diamond Almond Breeze r (r) brand.
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