Asia Pacific to record the fastest growth in the Global Almond Oil Market

1. Increasing demand from aromatherapy drives demand in the Almond Oil Market Global Almond Oil Market estimated to grow with a CAGR of about 13% by 2024 Asia Pacific to record the fastest growth in the Global Almond Oil Market Market overview: The Global Almond Oil Market was valued at USD 1.76 billion in 2019 and is projected to reach USD 3.19 billion by 2024, at a CAGR of 12.7% from 2019 to 2024. The oil extracted from almonds is rich in vitamins A, B, E and is a good source of phosphorus, copper and magnesium. Also, almond oil is used as an antioxidant and anti-inflammatory that helps boost immunity. Almond oil is helpful in reducing the risk of cardiovascular disease because it reduces bad cholesterol levels and increases good cholesterol levels. Recent developments: In April 2019, Pip & Nut Ltd launched a vegan almond butter under its Cherry Bakewell brand in the UK. This product does not contain palm oil and only contains almond oil. Market Drivers and Restrains: The increasing demand for almond oil in aromatherapy due to its antifungal and antibacterial properties is driving market demand. The use of almond oil in aromatherapy offers several health benefits, such as anxiety reduction, depression relief, improved cognitive performance, and induces sleep. In addition to this, the increasing use of almond oil in cosmetics and personal care products such as cleansers, moisturizers, and various other beauty products is driving demand in the global Almond Oil Market. In addition, the increasing demand for natural and organic ingredients in cosmetics by manufacturers, increasing consumer awareness of the health benefits that almond oil offers, and lifestyle change are some of the factors that are driving the growth of the global almond oil market. On the contrary, low awareness of its benefits in developing regions is hampering market boom.

2. However, with increasing demand and competition, manufacturers will start to create innovative products that will be the main trend in the almond oil market for years to come. To know more read: https://www.marketdataforecast.com/market-reports/almond-oil-market Market Segmentation: The almond oil market is segmented according to type, application, distribution channel and region. Depending on the type, the market forks into sweet almond oil and bitter almond oil. Depending on the application, the market is classified into food preparation, cosmetic, pharmaceutical and others. Others include biofuels and lubricants. Food preparation is then segmented into cooking oil, confectionery, and others. The cosmetics segment is further classified into skin care and hair care. According to the distribution channel, the market is divided into hypermarkets and supermarkets, specialized food stores, drug stores, cosmetic discount stores and others. Others include convenience stores and online stores. Impact of covid-19 on Almond Oil Market The sales in the almond oil market has been declined during the lockdown period that was implemented to curb the spread of coronavirus. However, the market is likely to resume within short timeframe as there is an increasing need from consumers to fight against hair fall. Geographical Segmentation: Asia-Pacific is expected to become the fastest growing regional market with a CAGR of 12.8% between 20wo and 2025. Europe was the main market in 2018 in terms of demand, representing 33.9% of the global volume. Almonds are gaining popularity in European countries such as Germany, France and the United Kingdom due to their gluten-free characteristics, and it is expected expand the use of the products in various applications such as bakery, snacks and breakfast cereals. Food processing units in Europe are expected to

3. include this functional ingredient in the manufacture of various food products due to its crispiness, attractive taste and regular supply. Key market players: Major players operating in this market include AOS Products Private Limited, Ashwin Fine Chemicals & Pharmaceuticals, Jiangxi Baicao Pharmaceutical Co., Ltd., Jiangxi Xuesong Natural Medicinal Oil Co., Ltd., Liberty Vegetable Oil Company, Mountain Ocean, NOW Foods, and Proteco Oils. View sample and decide: https://www.marketdataforecast.com/market-reports/almond-oil-market/request-sample Scope of the report: The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated. The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity. What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and research, business intelligence and consulting. We have rich experience in research and

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