Almond Oil Market is one of the richest sources of Vitamin E, magnesium, fiber, vitamins, and minerals. It can be said that they are one of the powerhouses of various nutritional supplements. They have their inception in the Middle East but California is the leading producer of almonds across the globe.
Almond’s dried weight is almond oil. An extremely high level of heat and at times chemicals are used to extract the oil from the almonds. Almond oil is also sometimes called sweet almond oil and it is not as bitter as the normal almond oil.
Almond oil has tremendous health benefits-
- It is the richest source of Vitamin E along with magnesium, phosphorus, and copper. It has anti-inflammatory properties and is also known for its various immunity-boosting properties.
- It also contains omega 3 fatty acids and keeps in check the cholesterol levels in a person’s body.
- It may lower the risk of several heart diseases. It mitigates the risk of cardiovascular disease to some extent.
- Almond oil is also helpful for the skin.
- It helps soothe the dry skin and helps improve the skin tone.
- It also has powerful antifungal properties and can be used as a cleanser for the skin.
- It is also a rich source of unsaturated fatty acids and which have tremendous moisturizing properties and are extremely beneficial for various aromatherapy applications.
The Global Almond Oil market is projected to reach $US 3200 billion by the year 2026. It will eventually continue to gain momentum as there will be increasing demand in the food industry and skin industry. Almond Oil is also useful for several cosmetic preparations and is also known for its medicinal properties.
Over the past few years, the global consumer is becoming more and more aware of the several health benefits of Almond Oil. This is propelling the demand for Almond oil and also it’s various innovative and marketing strategies are being suggested to market the same. Furthermore, changing lifestyles and improving standards are further boosting the production of Almond oil and are one of the biggest reasons for the upswing in the market.
There are typically two types of Almond Oil available in the market-
Sweet Oil and Bitter Almond Oil
Sweet Oil is one of the best lubricants and is used for skin types. Fixed Oil is used as base oil and is extracted from plant materials. They are widely used for scent and aromatherapy.
Bitter Oil also has a prominent share in the market. This variant contains toxic chemicals but it is nevertheless a very useful product as they are refined and there are various benefits also of this product. It is used to treat fungal growth, spasms, worms, and bacteria in the stomach. After removing the toxins, it is also used for the edibles for cooking of various recipes.
The Demand analysis for the Global Almond Oil Market-
The demand for aromatherapy is one of the top driving factors the demand for the Global Almond oil market. Aromatherapy involves the usage of various oils and is also responsible for a variety of health conditions. It is also popular for spa treatments.
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The Geographical segmentation of the Almond oil market globally is-
North America, Asia-Pacific, South America, Middle East, Latin America, Africa, and the rest of the world. The Almond industry is dominated by North America and holds the highest market share globally. It holds up to 32% of the global share volume. Almond is also gaining importance in Europe because of its gluten-free composition and its applications in various products such as bakery, snacks, and breakfast cereals. Food Processing factories in Europe are expected to use this as the main ingredient in various food manufacturing products. The reasons are the crunchiness; its extremely appealing taste, and the surety of its steady supply of the produce. There has also been an increasing awareness of the organic health benefit of almonds and this is likely to also be the driving factor because of these natural ingredients and chemical-free produce.
Factors contributing to the growth of the Almond oil industry are the higher disposable incomes, the differences in the consumption patterns, and the growing demand for Almond oil in developing economies like India. China is also the topmost market contributing globally to the Almond oil market.
It is to be noted that Asia-Pacific is the fastest growing according to the revenue and also the volume of the Global Almond Oil market. Along with aromatherapy, it is going to be the largest market for the pharmaceutical industry.
The personal Care segment shows the largest market share and the fastest-growing market share. It is projected to show a CAGR of 12.3% owing to an increase in the production of applications in the industry. This is because natural ingredients are being preferred worldwide due to increasing awareness of natural products and the preference for banning chemical products. Also, there have been stringent government policies to support the growth and the manufacturing of almond oil in the personal and cosmetic sector domain.
The major product manufacturers in the industry are expanding their geographical and marketing domain and to gain the maximum edge. They are making use of technology and marketing strategies to focus on untapped markets.
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