Global Almond Oil Market By Type ( Sweet Almond Oil, Bitter Almond Oil ), By Application ( Cosmetic, Food, Carrier oils ), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2033

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 contain healthy fats as well as protein. Almonds also contain vitamin E, manganese, and magnesium. You can use almond oil in many different recipes. It can be used as a substitute for oil and other cooking oils. It has a high smoke level, which means it can withstand higher heat without becoming toxic or burnt. It has a rich and nuanced flavor that is perfect for baking.

Almond Oil Market Scope:

By Type, the market is segmented into Sweet Almond, and Bitter Almond Oil. By Application, the market is divided into Cosmetic, Food, and Carrier oils.

Based on geography market is analyzed across North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. Major players profiled in the report include Flora, AAK Natural Oils, OSE, Caloy, ESI, Huiles Bertin (FR), A.N.V Foods Pvt Ltd (IN), and K. K. Enterprise, NowFoods, Proteco Oils, OLIOFORA, Plimon, Aura Cacia, and Humco.

Increased Demand:

The market’s growth is due to a rise in the production of aromatherapy and cosmetic products, customer preference towards products with natural ingredients, urbanization, as well as an increase in applications of almonds within the pharmaceutical industry.

The growth of the almond oil Market Share is also supported by changes in lifestyles and an increase in disposable income. The market growth may be impeded by the high cost. However, there are huge opportunities for market expansion due to the rising demand from emerging economies like China and India as well as government regulations supporting natural and organic ingredients used in cosmetic formulations.

Because of its many applications in the personal care and cosmetics industries, gained significant traction. The trend toward organic and natural ingredient formulations has increased over the past decade.

Almond oil Market Size overuse or excessive consumption may cause weight gain, high cholesterol, or allergic reactions. This major factor is expected to slow the Market’s growth.

Key Market Segments

Type

Sweet Almond Oil

Bitter Almond Oil

Application

Cosmetic

Food

Carrier oils

Key Market Players included in the report:

Flora

AAK Natural Oils

OSE

Caloy

ESI

Huiles Bertin (FR)

A.N.V Foods Pvt Ltd (IN)

K. K. Enterprise

NowFoods

Proteco Oils

OLIOFORA

Plimon

Aura Cacia

Humco

Driving Factors:

The forecast period will see the Almond oil market growth due to the reduction in beverages consumed outside of the home and disruptions to the supply chain.

Additionally, consumption is expected to rise in the coming years as more people use it in cosmetics industries as an excipient.

Almond oil has no side effects because it is from nature. Natural does not cause side effects like synthetic oil. It also doesn’t leave any toxic residues. This is expected to increase the use of almond oil in cosmetic formulations around the world.

Government agencies, like FDA, have also initiated initiatives to increase natural ingredients in food and pharmaceuticals. Favorable regulations by the government have allowed new entrants to enter the market and increased the market penetration of the existing players.

Market players in this industry can expect to benefit from government initiatives and regulations that will provide lucrative growth opportunities. The Almond Oil Market is expected to grow during the forecast period due to all these factors.

Restraining Factors:

Almond oil Market has many applications in various industries. But the market for almonds is not without its challenges. market growth is likely to be impeded by the high cost of almonds during the forecast period.

Spain is a major almond-producing country in Europe. California in the U.S. is the other. It is expensive to source in North America and Europe. This is due to the inhospitable climate on most of the continents.

The ideal temperature to grow almonds is usually between 30-35o C. Cool winters are good for both plant growth and kernel-filling. Almond flowers can withstand low temperatures of up to -22.2 C. However, the blossoms in their petal fall stage will be damaged at 0.5oC to -11.1 C. Thus, almond oil imports are necessary.

Additionally, excessive usage or consumption may cause weight gain, cholesterol increase, or allergic reactions. Almonds may cause allergic reactions such as diarrhea, nausea, difficulty swallowing, and difficulty breathing. This is another reason that the market is likely to slow down in the future.

Recent Development:

Bajaj Consumer Care Ltd. announced in June 2022 that it would launch new products under its Bajaj Almond Drops brand. This is to increase its equity as a popular hair oil manufacturer, according to a senior company official.

Bajaj almond Drops was the umbrella that launched the moisturizing soap, and now the firm is looking to add products in haircare as well as skincare to the range. Bajaj Almond Drops is launching new products. It’s part of a three-pronged strategy to grow the business.

Blue Diamond Growers established a partnership with Grupo Lala Sign on February 19, 2019. Almond Breeze will now be distributed and sold as a result of this partnership.

Blue Diamond, the #1 almond milk brand in the world, will be able, thanks to the strength and leadership LALA has in Mexico, to grow Mexican demand for Almond Breeze (r) Almond milk. Blue Diamond Growers made a substantial investment in its international business development and Blue Diamond Almond Breeze (r) brand.