Global Organic Almond Oil Market, By Type (Bitter Almond Oil, Sweet Almond Oil), Distribution Channel (Online Store, Departmental Stores, Hypermarket/Supermarket, Wholesaler/Distributor), Application (Food Industry, Cosmetics and Personal Care Industry, Pharmaceutical Industry), End Use (Household Use, Commercial Use) – Industry Trends and Forecast to 2029.
Organic Almond Oil Market Analysis and Size
The almond oil market has expanded significantly as a result of the oil's widespread use in a variety of end-use industries ranging from food to pharmaceutical. As the 'organic' trend spreads, demand for organic variants of almond oil has increased significantly, implying a positive outlook for the organic almond oil market during the forecast period.
Data Bridge Market Research analyses that the organic almond oil market was valued at USD 225.32 million in 2021 and is expected to reach the value of USD 764.55 million by 2029, at a CAGR of 16.50% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Organic Almond Oil Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Bitter Almond Oil, Sweet Almond Oil), Distribution Channel (Online Store, Departmental Stores, Hypermarket/Supermarket, Wholesaler/Distributor), Application (Food Industry, Cosmetics and Personal Care Industry, Pharmaceutical Industry), End Use (Household Use, Commercial Use)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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AOS Products Pvt. Ltd (India), Ashwin fine Chemicals & Pharmaceuticals (India), BLUE DIAMOND GLOBAL INGREDIENTS DIVISION (U.S.), Caloy Company, LP (U.S.), NOW Foods (U.S.), Frontier Co-op (U.S.), Bajaj (India), Dabur Ltd (India),
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Opportunities
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Market Definition
Almond oil is a colourless yellowish oil extracted from the seeds of the Prunus dulcis tree, also known as the almond tree. It contains important nutrients such as fats, fibre, phytochemicals, vitamins, and minerals. It helps to boost immunity, maintain healthy cholesterol levels, and lower the risk of diseases such as cancer and heart disease. It has antibacterial, antifungal, anti-inflammatory, emollient, and sclerosant properties that aid in complexion improvement and nourishing dry skin.
Organic Almond Oil Market Dynamics
Drivers
- Consumers are shifting to healthy alternatives to lead a healthy lifestyle
The almond oil help to reduce the risk of abnormal heartbeats or arrhythmias, which can result in the patient's sudden death. It also aids in the reduction of triglyceride levels, the slowing of the growth rate of atherosclerotic plaque, and the reduction of blood pressure. Consumers are increasingly shifting to healthier alternatives while viewing preventive care as a necessary tool to assist them in leading a healthier lifestyle. As a result, almond oils are becoming more popular because they are a good source of vitamins, proteins, and minerals and can help with diseases like cancer, asthma, and depression.
- Marketing strategies and endorsements to influence consumers purchasing behaviour
Some of the factors that influence consumers' purchasing decisions are brand name, nutritional value, and product safety. Awareness of the benefits of almond oil through various forms of media, including electronic and print, is also likely to influence purchasing behaviour. Various mergers and acquisitions, partnerships, and collaborations in the organic almond oil market, as well as relatively high investment in the food industry, have been propelling the organic almond oil market at a steady rate.
Opportunities
The increasing application of almond oil in pharmaceuticals is boosting the market, as are increasing public initiatives associated with health and fitness, which further aid the market. The growing consumer awareness of the health benefits of almond oil is driving the demand for market players to innovate in order to remain competitive. The growing demand for almond oil in the cosmetics and personal care sectors is being fuelled by increased consumer awareness of its numerous benefits. The ease with which information for home-made remedies for skin conditions and personal care is available has improved as a result of the rise in Internet culture. As a result, consumers are turning to medicinally beneficial oils such as almond oil for homemade personal care products. The rise in demand for the native form of almond oil is primarily due to this factor.
Restraints
One of the restraining actors in the organic almond oil market has been the processing cost of almond oil. As a result, the price of almond oil rises in general, and consumers become more hesitant to purchase it when compared to other edible oils. This is more visible in regions with low disposable income than in developed regions.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
This almond oil market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Almond Oil market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Organic Almond Oil Market
The COVID19 pandemic has had a significant impact on the global organic almond oil market. Due to laws and regulations imposed by various governments of different countries, several manufacturing units of almond oil were closed, which has had a negative impact on the product's production volume. This has also had a negative impact on the trading chambers of almond oil around the world. With most countries in the world on partial or full lockdown, demand for cooking almond oil was drastically reduced in the early stages of the pandemic.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent developments
- Shree Ram Proteins Ltd announced plans to build a new oil refinery in 2022, diversifying its business. For the new business segment, the company has ordered a cutting-edge refining plant. By the end of January 2023, the company plans to launch Rape Seed Oil, Groundnut Oil, and Cottonseed Oil. It is classified as edible refined oil and will serve the company's domestic market. As a result of diversification, the company is expanding its business and expanding its product offerings to customers
- Cargill purchased an edible oil refinery in Nellore, Andhra Pradesh, in 2021 to expand its footprint in Southern India and strengthen its existing supply chain in the country.
Global Organic Almond Oil Market Scope
The organic almond oil market is segmented on the basis of type, distribution channel, application and end use. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Bitter Almond Oil
- Sweet Almond Oil
Application
- Cosmetics
- Food industry
- Food preparation
- Pharmaceutical
- Others
Distribution channel
- Online Store
- Departmental Stores
- Hypermarket/Supermarket
- Wholesaler/Distributor
End use
- Household
- Commercial
Organic Almond Oil Market Regional Analysis/Insights
The organic almond oil market is analysed and market size insights and trends are provided by country, type, distribution channel, application and end use as referenced above.
The countries covered in the organic almond oil market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America market is expected to account for the largest revenue share in the global market over the forecast period due to the increasing adoption of almond oil in the cosmetic industry and the presence of major operating players in the US and Canada. In the coming years, the Asia Pacific market is expected to grow at a faster rate. Growing population, rising disposable income, increased presence of manufacturers, and increased awareness among individuals about the health benefits of almond oil usage are the factors driving the growth of the organic5 almond oil market in the region. Furthermore, rising use of almond oil in the cosmetic sector is a factor driving growth in the Asia Pacific market.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Organic Almond Oil Market Share Analysis
The organic almond oil market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Almond Oil market.
Some of the major players operating in the organic almond oil market are:
- AOS Products Pvt. Ltd (India)
- Ashwin fine Chemicals & Pharmaceuticals (India)
- BLUE DIAMOND GLOBAL INGREDIENTS DIVISION (U.S.)
- Caloy Company, LP (U.S.)
- NOW Foods (U.S.)
- Frontier Co-op (U.S.
- Bajaj (India)
- Dabur Ltd (India)
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