Sweet Almond Oil Market

Sweet Almond Oil Market - Global Industry Insights,
Trends, Outlook, and Opportunity Analysis,
2018-2026
A refined oil obtained from the dried kernels of the almond tree is referred as sweet
almond oil. It contains vitamin A, B, E, and D and is also rich in glycosides, minerals,
mono and poly-unsaturated fatty acids. It is typically used to relieve skin itching
caused due to dryness, moisturize dry skin, and soothe chapped lips.
Market Dynamics
Sweet almond oil has wide range of medical applications such as laxative and as a
vaccine additives. Furthermore, it is also used in moisturizers, soaps, shampoos,
shaving creams, and bath oils, in the cosmetics and personal care industry.
According to Cosmetic Europe, cosmetics and personal care industry in Europe was
valued at US$ 94.13 billion in 2015 with Germany (US$ 15.89 billion) positioned as
the largest market, followed by the U.K. (US$ 14.06 billion), France (US$ 13.94
billion), and Italy (US$ 12.10 billion), respectively. This is expected to be a major
factor for growth of the market. However, high cost of sweet almond oil is restraining
factor for the growth of market.
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Nonpareil segment accounted for the largest market share in 2017 followed by
California and mission almond oil, as it has thin outer shell and smooth kernel which
allows blemish free and easy processing as compared to other types. According to
According to California Department of Food and Agriculture (CFDA), in California,
nonpareil almond accounted for 39% of the almond produced in 2012 and is
expected to exhibit continuous growth. On the basis of end-use industry, the
cosmetics segment is expected to exhibit significant growth in the sweet almond oil
market over the forecast period. Increasing awareness among consumers regarding
the benefits and applications in shower gels, skin moisturizer and others of sweet
almond oil and rising popularity of aromatherapy is fueling growth of this segment in
global sweet almond oil market.
Online channels segment is significantly gaining traction, as it offers a wide range of
products through a single website and other offers such as free delivery. According
to the India Brand Equity Foundation (IBEF), in India, revenue generated from online
retail was US$ 6 billion in 2015 and is expected to reach up to US$ 70 billion by
2020.
Market Outlook
North America is projected to exhibit a significant growth in global sweet almond oil
market in 2017. This is attributed to increasing demand for sweet almond oil, due to
its high nutritional value and various health benefits, resulting in increasing demand
from pharmaceutical, food and cosmetic industries in this region. According to U.S.
International Trade Administration (ITA), the export of personal care and cosmetic
industry in the U.S. was valued at US$ 10.4 billion in 2015 and increased at an
average rate of 15% over (2012–2015). However, increasing cost of almonds may
have a negative impact on the growth of this market. According to Bureau of Labor
Statistics (BLS), in the U.S., the price of almond increased from US$ 2.58 per pound
to US$ 4.00 per pound from 2012 to 2014 respectively and is significantly increasing.
Asia Pacific is projected to witness significant growth in the global sweet almond oil
market over the forecast period, owing to its increasing application such as cooking
and frying, results in increasing food processing industry in the region. According to
the India Brand Equity Foundation (IBEF), in 2016, the food processing industry in
India was ranked fifth in terms of consumption, production, and exports, and
increased at a CAGR of 11.74 % during 2011–2016.
Market Players and Business Strategies
Key players are focused on adopting various organic and inorganic growth strategies
such as mergers and acquisitions, joint ventures and partnerships, and product or
technological innovations to retain position in the sweet almond oil market. For
instance, in December 2017, Blue Diamond—almond supplier and
processor—launched 100% sweet almond oil for application in massage oil,
cosmetics, and personal care products.
Some of the leading players operating in the global sweet almond oil market include
Now Health Group, Inc., Plimon, S.L., Provital Group, La Tourangelle, Inc., ESI
S.p.A., and Blue Diamond Growers, Inc. among others.
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The research report on sweet almond oil market categorizes the global market by product type , by end-use industry and by distribution channel

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