According to a new market report published by Lucintel, the future of the almond oil market looks promising with opportunities in the cosmetics industry and food processing industry. The global almond oil market is expected to grow with a CAGR of 13% from 2020 to 2025. The major drivers for this market are rising skin care benefits, rise in disposable income, and growth in applications of almond oil in the pharmaceutical industry.
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In this market, sweet almond oil, and bitter almond oil are the major product types. Lucintel forecasts that sweet almond oil will remain the largest segment over the forecast period because sweet almond is an excellent lubricant and it is used in the treatment for dry and sensitive skin.
Within this market, food, cosmetics, pharmaceutical, and others are the major applications of almond oil. Cosmetics will remain the largest segment by application type over the forecast period because of the increased demand among cosmetics producers for natural ingredients and it also has comprehensive health advantages.
Asia-Pacific is expected to witness the highest growth over the forecast period due to due to the increase in health concerns of consumers and the wider scope of almond oil as an essential oil in various applications.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global Almond oil market by product type, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Almond Oil Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global almond oil market by product type, application, and region as follows:
By Product Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Sweet almond oil
Bitter almond oil
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Food
Cosmetics
Pharmaceuticals
Others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Germany
France
Italy
Spain
China
Japan
India
Australia
South Korea
A more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.