Global Almond Oil Market Research 2030: By Target Audience, By Product Type, By Packaging, By Application, By End-User, By Distribution Channel With COVID-19 impact | Forecast Period 2017-2030

Global Almond Oil Market Outlook

Almond oil is all-purpose carrier oil majorly used in cosmetics industry and food processing industry. The almond tree is native to the Middle East and South Asia but the major producers are U.S., European Union, Australia and Middle East countries. It has high vitamins content, such as Vitamin E, protein, minerals and Essential Fatty Acids (EFA’s). It is predominantly high in the monounsaturated fatty acid called Oleic Acid. Non-edible almond oil has potential to be used in biofuel with 10%, 20% or 50% blend in the fuel. Bitter almond oil is essential oil, that gets evaporated when exposed to light and gets degrade when stored in plastic bottles. And sweet almond oil is edible and can be used and stored conveniently unlike the bitter almond oil. Almond oil is excellent source of vitamin E, thus it is largely used in pharmaceutical and cosmetic industry, for hair and skin care. California is the major producer of almonds, with 2.2 billion pounds in 2017, with a growth rate of 2.8% over 2016 production. Australia has spent USD 2.37 million in 2016 for controlling pests and diseases, production efficiencies and growing systems in order to have high nutritional solution.

Goldstein Market Intelligence analyst forecast that the global almond oil market size is set to grow at a CAGR of 13.2% over the forecast period of 2017-2030. Manufacturing and supply of almonds, innovation in almond oil processing and its applications, export development activities are the major factors impacting the growth of global almond oil market.

Global Almond Oil Market Segmentation

By Target Audience

• Almond oil companies
• Raw Material Suppliers
• Suppliers and distributors
• Biofuel Manufacturers

By Product Type

• Sweet Almond Oil
• Bitter Almond Oil

By Packaging

• PET Bottles
• HDPE Cans
• Tin-Plate Containers
• Tetra packs
• Flexible Plastic Pouches
• Glass Bottles

By Application

• Food
• Industrial
• Feed

By End-User

• Food Processing Industry
• Food Services Industry
• Pharmaceutical Industry
• Cosmetic Industry
• Others (Fuels, etc.)

By Distribution Channel

• Online
• Offline

Based on Geography

• North America (U.S. & Canada)  Almond Oil Market {Market Share (%), Market Size (USD Billion)}
• Latin America (Brazil, Mexico, Argentina & Rest of Latin America)  Almond Oil Market {Market Share (%), Market Size (USD Billion)}
• Europe (The U.K., Germany, France, Italy, Hungary, Spain, Poland, Sweden & RoE)  Almond Oil Market {Market Share (%), Market Size (USD Billion)}
• Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia)  Almond Oil Market {Market Share (%), Market Size (USD Billion)}
• Middle East & Africa (GCC, South Africa, North Africa, RoMEA)  Almond Oil Market {Market Share (%), Market Size (USD Billion)}

On the basis of product type, sweet almond accounted for largest market share of 68.1% in 2017 f the global almond oil market. Sweet almond oil has high demand for its vast applications such as skin care, hair care, and aromatherapy. Sweet almond oil is expected to continue its dominance over bitter almond oil type. Cosmetic industry has highest contribution in the growth of global almond oil, contributing by 10.6% growth rate.

Market Trends, Drivers and Challenges

With the advent of sustainability in fuel market, the trend of using almond oil in making biofuels is growing. Almond oil fuel can be used as a vegetable oil fuel. Researchers used 42.0 wt. % as substantial feedstock for biodiesel production, the outcome of experiment accepted bitter almond oil as non-edible feedstock in production of biodiesel. Such trends are pushing the demand for bitter almond oil.

The rising concerns over health and beauty and development in processes to use almond oil in variety of products are driving the growth of global almond oil market. Almond oil used in hair care products, skin care products, and for aromatherapy has largely benefitted the consumers, thus influencing the demand.

The government regulation poses the challenge for almond oil manufacturers. Basic regulation that impact the almond oil processing are commercial registration, taxation, labor standards and social security contributions, health and safety requirements, and specific operational permits and licenses.

Global Almond Oil Market Analysis

Based on geography, North America accounted for largest market share of 76.3% in 2017 of global almond oil market. North America region is the largest producer of almond, and majority of the produced almonds are exported to various parts of the world. Asia-Pacific almond oil market is expected to grow at a CAGR of 9.73% over the forecast period. Asia-Pacific is the major consumer of almond oils, with India and China being the major importers.

Covered in This Global Almond Oil Industry Report

The report covers the present ground scenario and the future growth prospects of the almond oil market for 2017-2030 along with the global sales and global revenue of almond oil. We calculated the market size and revenue share on the basis of revenue generated from major players across the globe. We have forecast the market on the basis of production of almonds, almond oil manufacturers, suppliers and distributors, raw material suppliers, export and import data.

Almond oil market outlook 2017-2030, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the almond oil industry. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global almond oil market report also recognizes value chain analysis to understand the cost differentiation to provide a competitive advantage to the existing and new entry players.

COVID-19 impact on "Global Almond Oil Industry"

The report analyzes and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Global Almond Oil Industry" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.

Top Companies in Competition & The Rising Stars

Global Almond oil market report comprises of the following companies as the key players in the Almond oil market:

• AAK
• Frontier Natural Products (Aura Cacia)
• Proteco
• Flora Oil Seed Extractions (OSE)
• Dabur
• Bajaj
• Caloy
• ESI
• Huiles Bertin
• Grupo Plimon
• Humco Compounding
• Mountain Ocean
• K. K. Enterprise
• NOW Foods OLIOFORA
• Provital Group.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Global Almond Oil Market Report

• What is the total market size by 2030 and what would be the expected growth rate?
• What is the revenue of Almond oil market in 2017-18 and what would be the expected demand over the forecasted period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who all are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

We can provide two hour complimentary interaction with our analyst after the purchase of this market report. Details are imparted within the report.