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Various strategic approaches are incorporated by the Almond Oil Market in an effort to maintain market share and meet the multiple needs of the growing number of shoppers who understand that almond oil bestows numerous advantages. An crucial tactic within this market is product quality and sourcing, the key to this being the top factor. Companies that are involved in processing almond oil only from whole almonds which ensures that they maintain the quality and natural properties associated with this refreshing oil.
Europe generates the second largest market share for its Almond Oil because of its gluten-free property. As a result of almonds usage in bakery products, breakfast cereals, snacks, and many others, the consumption of almonds is increasing. In addition to that, the German Almond Oil market has the biggest share, whereas the British Almond Oil market has the highest rate of growth among other area markets.
Brand image and trust are primary success factors for Almond Oil Market. Customers tend to look for almond oil from established and responsible brands for some of the applications such as personal care especially skincare and haircare, and culinary uses. Companies use marketing strategies which are directed towards the building and running of a positive brand image. The other aspect of this process is the disclosure of the downstream sourcing and production pipeline which in turn is followed by a commitment to ensure that the almonds used are of high quality.
As a key factor, the growth of natural and organic products influence the consumer choices in these days in the Almond Oil Market. Such brands that supply organic, cold pressed, and sustainably-sourced almond oil meet the customers who are only interested in clean and ethical raw materials. A vertical integration with trends concerning natural beauty and sound health presents an excellent point for companies to stand firm and capture the attention of consumers interested in almond oil benefits and corporate social responsibility.
E-commerce as well as digital marketing have become crucial for the market share positioning of the Almond Oil Market. Companies utilize online platforms to exhibit their almond oil products and also disseminate the benefits of almond oil, while at the same time they are able to sell to people who could be in completely opposite part of the globe (countries). All the digital marketing efforts such as social media campaigns, influencer cooperations, and interactive article with the propers of almond oil result in creating the brand awareness and involving the consumer directly.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | · increasing use of organic products · growing health consciousness |
| Market Dynamics | · Increase in health benefits |
Almond Oil Market Highlights:
Global Almond Oil Market Overview
Almond Oil Market Size was recorded at USD 2.3 billion in 2023. The Almond oil market industry is projected to grow from USD 2.59 Billion in 2024 to USD 6.2 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 11.51% during the forecast period (2024 - 2032). Rise in disposable incomes and changes in lifestyles are other factors that promote the almond oil market growth and become the key market drivers boosting the market growth.
Source: MRFR Database, Secondary Research, Primary Research, and Analyst Review
Almond Oil Market Trends
- Growing demand for natural substances is driving the market growth
Market CAGR for the almond oil market was expected to experience growth due to increasing consumer demand for natural and organic products, as well as raising awareness of the health benefits associated with almond oil consumption. Additionally, the growth of the cosmetics and personal care industry, where almond oil is used in various products such as lotions and shampoos, was also expected to contribute to market growth.
The COVID-19 pandemic may have also impacted the almond oil market, with some reports indicating an increase in demand for natural and plant-based products, including almond oil, as consumers prioritize health and wellness. However, market trends can shift over time, and it's important to consult with current sources to get the most up-to-date information on the almond oil market.
Additionally, almond oil is widely used by pregnant women to help avoid stretch marks that are happening during pregnancy. Also, it is one of the best massage oils on the market, which doesn’t leave anything nasty on your skin and isn't greasy, which is very rare in massage oil. The increasing growth of the utilization of almond oil in the cosmetic industry acts as a booming factor for the growth of the market. As it has the ability to reduce scar presence, improve skin tone and complexion, under-eye circles, and lessen puffiness which is acting as a boosting factor for the growth of the cosmetic industry.
Furthermore, especially for vegetarians, almond oil is highly beneficial as it gives a substantial amount of protein and iron, which are mostly lacking by vegetarians, and also acts as a supporting factor for the growth of the market. Moreover, the innovative use of almond oil in hair treatments for dandruff and hair damage also acts as an immense opportunity for the growth of the market. This is owing to more demand for almond oil by people who have hair issues. The higher cost of almond oil, as compared to other types of oil, acts as a restraining factor that hampers the growth of Almond Oil market revenue.
Almond Oil Market Segment Insights
Almond Oil Process Insights
The almond oil market segmentation, based on process, includes hot press and cold press. The cold press segment dominated the market, accounting for the largest market revenues. In developing economies, category growth is driven by an expanding overweight population and increased health concerns. On the other hand, the hot press is estimated to record a higher CAGR during the forecast period.
Almond Oil Type Insights
The almond oil market segmentation, based on Type, includes sweet almond oil and bitter almond oil. The sweet almond oil category generated higher income figures. This sweet Almond oil is used for multiple purposes in the cosmetic industry as reepithelization agents, subem-restoring agents, and lubricants which aim at hygiene and treating children or sensitive skin. This further helps in providing solutions to those who cannot take alcoholic solutions as essential oils to children and the elderly. Furthermore, this oil is rich in antioxidants, which boost immunity as well as act as an anti-inflammatory.
On the other hand, bitter Almond oil contains some toxic variants which are refined before use. Bitter almonds also have some significant benefits that help to treat the intestine, kill' bacteria, and reduce pain and spasms.
Figure 1: Almond Oil Market, by Type, 2022 & 2032 (USD billion)
Source: MRFR Database, Secondary Research, Primary Research, and Analyst Review
Almond Oil Application Insights
The Almond Oil market segmentation, based on application, includes cosmetics and personal care, food & beverages, and others. The cosmetics and personal care segment dominated the market and is expected to show a significant rise in the CAGR during the forecast period. Almond oil conditions the skin and enhances the texture and absorption of body lotions, fragrance ingredients, face creams, cleaning products, bath oils, soaps, hair care products, sun tanning products, and makeup. This continuous development of skin care products is expected to provide great possibilities for Almond oil to grow in the forecast period.
Furthermore, the rising adoption of a healthy lifestyle amongst people, with increasing demand for nutritious and healthy food ingredients, is captivating key manufacturers to adapt to the market strategies such as product innovations and bringing variations in an already existing product.
Almond Oil Regional Insights
By Region, the study states market insights into North America, Asia-Pacific, Europe, and the Rest of the World. The North American Almond oil market will dominate this market, owing to the increasing demand for highly nutritious and natural ingredients among consumers. Moreover, the rising awareness regarding the properties of almond oil among consumers is also fueling the regional growth of the Almond Oil Market.
Further, the main countries studied in the market report are The Asia-Pacific, U.S., German, the UK, France, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: ALMOND OIL MARKET SHARE BY REGION 2022 (%)
Source: MRFR Database, Secondary Research, Primary Research, and Analyst Review
Europe's Almond Oil market accounts for the second-largest market share due to its gluten-free quality. There is an increasing popularity in the usage of almonds for the production of food products such as bakery, breakfast cereals, snacks, and others. Further, the German Almond Oil market held the largest market share, and the UK Almond Oil market was the fastest-growing market in this Region.
The Asia-Pacific Almond Oil Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to expanding awareness of a healthy lifestyle and nutrition and increasing usage of almond oil in innovative food & beverage products, personal care, and cosmetic products. Moreover, China’s Almond Oil market held the largest market share, and the Indian Almond Oil market was the fastest-growing market in the Asia-Pacific region.
Almond Oil Key Market Players & Competitive Insights
Leading market players are spending heavily on R&D in order to expand their product lines, which will help the Almond Oil market grow even more. Market participants are also undertaking a variety of strategic measures to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market, Almond Oil companies must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Almond Oil industry to benefit clients and increase the market sector. In recent years, the Almond Oil industry has offered some of the most significant advantages to medicine. Major players in the Almond Oil market, including Proteco Oils (Australia), Henry Lamotte Oils GmbH (Germany), Jiangxi Baicao Pharmaceutical Co. Ltd (China), Aos Product Pvt. Ltd. (India), and others, are attempting to increase market demand by investing in research and development operations.
Proteco Oils is an Australian company based in Kingaroy, Queensland, that is the leading specialist manufacturer of high-quality cold-pressed oils using fresh Australian-grown produce, which have been established for over 25 years. With their state-of-the-art press and filtration and refinery technology, they use traditional and cold-pressed extraction methods and do not employ chemical or solvent extraction processes, ensuring the aroma, flavor, and nutritional characteristics of their quality raw materials are preserved.
Established in 2008, Jiangxi Baicao Pharmaceutical Company has made a name for itself as the top supplier of oil can in China. The supplier company is located in Jian, Jiangxi, and is one of the best leading sellers of listed products. Jiangxi Baicao Pharmaceutical Company is listed in Trade India's list of authentic sellers offering supreme quality Cedrus Oil etc. Buy oil can in bulk from us for the best quality products and service. In accordance with the requirements of GMP, they have modern production art, with perfect quality, earned a good reputation, our product sold all over the world, not domestically but overseas. The company has developed with technology, won with creditability, and would like to supply its best service to the pharmaceutical, food, Cosmetic, and chemical industries, etc.
Key Companies in the Almond Oil market include
- Florapower GmbH & Co. KG (Germany)
- Proteco Oils (Australia)
- Henry Lamotte Oils GmbH (Germany)
- Eden Botanicals (US)
- Caloy Inc. (US)
- Liberty Vegetable Oil Company (US)
- Jiangxi Baicao Pharmaceutical Co. Ltd (China)
- Aos Product Pvt. Ltd. (India)
Almond Oil Industry Developments
April 2019: Bajaj Consumer Care Ltd announced the launch of the new Bajaj Cool Almond Drops Hair Oil. This oil will provide the advantage of cooling oil with the absence of hassles and issues of stickiness.
February 2019: Blue Diamond Growers declared its partnership with Grupo Lala Sign. This partnership will result in the distribution and sales of Almond Breeze.
June 2022: Bajaj Consumer Care Ltd. announced its plans to launch new products in different categories under its flagship Bajaj Almond Drops brand as it seeks to tap into the equity of the popular hair oil label, according to a top company official.
Almond Oil Market Segmentation
Almond Oil Process Outlook
- Hot press
- Cold press
Almond Oil Type Outlook
- Sweet Almond Oil
- Bitter Almond Oil
Almond Oil Application Outlook
- Cosmetics and Personal Care
- Food & Beverages
- Others
Almond Oil Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
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