The global almond oil market size is expected to reach USD
1.6 billion by 2025, according to a new report by Grand View Research, Inc.,
registering a 12.2% CAGR over the forecast period. Increasing consumer
awareness regarding harmful chemicals used in cosmetics and personal care
products has propelled 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 in order to
cater to the increasing demand from customers. For instance, in November 2018,
The Orange Square Company Limited, formally known as Olverum, launched two new
products, ‘The Body Oil’ and ‘The Dry Body Oil’, as a part of its essential oil
product portfolio.
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.
For full research report on Almond Oil Market
visit here:
https://www.grandviewresearch.com/industry-analysis/almond-oil-market
Further key
findings from the report suggest:
- In terms of revenue,thesweet oil product
segment is projected to register a CAGR of 12.3% from 2019 to 2025owing to
its increasing application in cosmetics and personal care products
- On the basis of application, the personal care
and cosmetics segment is expected to generate a revenue of more than USD
950.0 million by the end of 2025. Growing focus on natural and
chemical-free ingredients in these product categories will drive segment
growth
- Asia Pacific is estimated to emerge as the
fastest growing regional market over the forecast period, fueled by
ongoing marketing and promotional strategies by key
manufacturers
- Key players include 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; and Indian Natural Oils.
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/almond-oil-market/request/rs1
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
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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