Industry Background:
The oil which is extracted from kernels of Prunus Dulcis tree using cold-pressed method is known as almond oil. Presence of various vitamins such as Vitamin E, Vitamin B, and vitamin A minerals, proteins and omega fatty acids make this oil an essential oil which is utilized in food preparation, pharmaceutical and cosmetic industries. Almonds are in rich source of the oil, and it is been extracted from almond kernels of tree Prunus Dulcis
Attributes | Details |
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Study Period | 2019-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | AAK Natural Oils (Sweden), Blue Diamond Growers (United States), Eden Botanicals (United States), Jiangxi Xuesong (China), Liberty Vegetable Oil Company (United States), Huiles Bertin (France), Frontier Natural Products (United States), Caloy (United States), ESI (Italy), Huiles Bertin (FR) (France), NowFoods (United States) and Proteco Oils (Australia) |
According to AMA, the market for Almond Oil is expected to register a CAGR of 13.2% during the forecast period to 2030. This growth is primarily driven by High nutritional value and varied health benefits and Increasing urban population, their standard of living and changing lifestyle.
Globally, a noticeable market trend is evident Increasing demand among cosmetic manufacturers The Chemicals - Organics sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as AAK Natural Oils (Sweden), Blue Diamond Growers (United States), Eden Botanicals (United States), Jiangxi Xuesong (China), Liberty Vegetable Oil Company (United States), Huiles Bertin (France), Frontier Natural Products (United States), Caloy (United States), ESI (Italy), Huiles Bertin (FR) (France), NowFoods (United States) and Proteco Oils (Australia), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Almond Oil market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance, The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
AAK announced its entry into an agreement to acquire California Oils Corporation. The company, also known as CalOils, is based in Richmond, California and is the leading vegetable oils company on the U.S. West Coast
AAK inaugurated its new Customer Innovation Center in Singapore to further strengthen its capabilities and customer co-development approach in the Southeast Asian market. The company has similar centers across the world in which it works closely with customers to develop value-adding vegetable oil solutions
Influencing Trend:
Increasing demand among cosmetic manufacturers
Market Growth Drivers:
High nutritional value and varied health benefits and Increasing urban population, their standard of living and changing lifestyle
Challenges:
Rising government regulations related to the safety of natural environment
Restraints:
High labour cost associated with market and Increasing raw material cost
Opportunities:
Increase in the utilities among the cosmetics, medicines and other manufacturing companies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Almond Oil Market
- Analysis about New Entrants in Almond Oil Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Almond Oil Study Sheds Light on
The Almond Oil Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Almond Oil industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Almond Oil industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.