The global Almond Oil Market is expected to reach USD 2.22 Billion by 2021 from an estimated of USD 1.23 Billion in 2016, according to a new report by Market Data Forecast, Inc. The rising consumption of almond oil owing to its superior health benefits and nutrition values is expected to drive growth.
Aromatherapy is the major driver for growth in this market. Aromatherapy involves use of basic oils for an assorted health conditions and is becoming popular in spa customers. Other drivers for the market development are expanding inclination for web based shopping prompting higher overall revenues, and rising number of retailing channels.
Browse full research report with TOC on "Almond Oil Market Analysis By Product (Sweet Almond Oil And Bitter Almond Oil), By Application (Cosmetics And Food), And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)" at: https://www.marketdataforecast.com/market-reports/almond-oil-market-4685/
When kernels of prunus dulcis tree are extracted using cold press method, almond oil is produced. Due to the presence of various vitamins (A,B,E), minerals, proteins and fatty acids, almond oil is all uses essential and is used in pharmaceutical and cosmetic industries. It is also used in food preparations.
In the production of face creams, body lotions, hair oils, and various other cosmetic products for moisturizing and cleansing, almond oil is widely used. Growing urbanisation and growth in applications of almond oil in pharmaceutical industries, changes in lifestyle are promoting the growth of almond oil market around the globe.
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Market Data Forecast has segmented the Global Almond Oil Market on the basis of application and region:
1) Product Outlook (Volume, Kilograms; Revenue, USD Thousands; 2016 - 2021)
i) Sweet Almond Oil and Bitter Almond Oil
2) Application Outlook (Volume, Kilograms; Revenue, USD Thousands; 2016 - 2021)
i) Cosmetics and Food
3) Regional Outlook (Volume, Kilograms; Revenue, USD Thousands; 2016 - 2021)
i) North America U.S. Europe Germany UK Asia Pacific China India Japan Rest of World
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Further Key Findings From the Report Suggest:
· The market is expected to lead by North America during the forecast period, followed by Asia – Pacific.
· About half of the global almond oil market share is contributed by North America and Asia – Pacific. APAC is expected to grow with a very high growth rate during the forecast period.
· Sweet almond oil market volume is projected to grow with a CAGR of 12.5%, in terms of volume during the forecast period.
· In terms of volume, the cosmetic segment is expected to show highest growth registering a CAGR of 12.9%.
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