Prunus Dulcis almonds are the primary source of Global almond oil Market, which is derived from the almond kernels. Sweet almond oil and bitter almond oil are both derived using the cold-pressed process. An excellent source of vitamin E, vitamin B, vitamin A, minerals, omega fatty acids & proteins, almond oil is utilized in the cosmetics, food, and pharmaceutical industries as a carrier oil and essential oil. Most of the world’s almonds come from North Africa, the Middle East, and South Asia. Since its nutritional worth and health advantages make it a popular ingredient in skin care, hair care, and other cosmetics, demand is on the rise.
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The Almond Oil Market in the World: Factors Affecting Growth
Increasing demand from cosmetic producers for almond oil is a major factor in the global market’s demand for the ingredient, which is utilized in a variety of products for cleansing and moisturizing purposes. A wide variety of uses are possible for almond oil because of its wide range of health advantages. An increasing number of people are moving to metropolitan areas, as well as an increasing standard of living and changing lifestyle, all of which contribute to the growing demand for almond oil in the global market. Almond oil has been used in cosmetics for many years, including moisturizers, cleansers, face creams, and more.
It is utilized as a muscle relaxant, immune booster, colon cleanse and laxative for therapeutic purposes. Cosmetic and personal care brands with a high focus on organic and natural components are likely to boost their use of almond oil in their products, which will drive the global market for the oil.
Prunus dulcis, widely known as the almond tree, produces a colorless or pale-yellow oil called almond oil. Essential nutrients, such as lipids, fiber, phytochemicals, vitamins, and minerals, are provided by this food source. ” It boosts immunity, maintains healthy cholesterol levels, and reduces the risk of cancer and heart disease. In addition to its antibacterial and fungicide activities, it is an emollient, a sclerosant, and an anti-inflammatory. As a result, it is used in the production of personal care goods all over the world.
Trends in the Almond Oil Industry:
Almond oil is now being used more frequently in the pharmaceutical business than ever before to make a wide range of medications. Because of their health benefits, such as reduced IBS symptoms and increased HDL levels, as well as decreased occurrences of colon cancer and low-density lipoproteins, this is understandable (LDP). In addition, the growing public knowledge of the negative effects of chemicals used in cosmetics, such as parabens and phthalates, is a major element in the market’s rise. Additional factors contributing to market expansion include an increase in demand for non-genetically modified organism (GMO) and plant-based ingredients as well as clean labelling.
New products and marketing initiatives, such as celebrity endorsements, are being used by top market participants to increase sales. This is providing a positive market outlook. An additional factor boosting the market for almond oil is the fact that it is a functional ingredient used in the food and beverage (F&B) industry to make various food products.
Analyzes and provides projections for each sub-segment of the worldwide almond oil market from 2022 to 2027, based on research conducted by Zion Market Research. Our analysis has broken down the market into three categories: type, application, and distribution channel.
The supermarkets and hypermarkets segment is anticipated to have substantial value over the forecast period. Physical display of products and the ability to check the product attributes have been the major factors driving the popularity of supermarkets/hypermarkets. The layout of the supermarket and promotional campaigns by leading brands has also increased the sales volume in the supermarket and hypermarket segment.
Organized retail sectors have been driving the market by providing ample space and visibility for the existing brands to offer their products. One of the most popular beauty e-retailers, Nykaa plans to expand its presence by opening up to 30 physical stores across India by 2020, which is expected to increase the visibility of its self and other brand products, organic deodorant being one of them. Moreover, it has plans to open 90 offline stores for its Nykaa Luxe Nykaa On Trend stores by 2020.
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