Sweet Almond Oil Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2028

 

Sweet almond oil is a refined oil made from the dried kernels of the almond tree. It is high in vitamins A, B, E, and D, as well as glycosides, minerals, and mono and polyunsaturated fatty acids. It is commonly used to relieve itching caused by dry skin, moisturize dry skin, and soothe chapped lips.

Sweet Almond Oil Market, whether sweet or bitter, is a good source of unsaturated fatty acids and phytosterols. It has more vitamin E than other nut oils and has excellent moisturizing properties. The market is expanding due to an increase in the production of aromatherapy products, an increase in customer preference for cosmetic products containing natural ingredients, urbanization, and an increase in the applications of almond oil in the food industry.

Other factors contributing to the growth of the Sweet Almond Oil Market include changes in lifestyle and an increase in disposable income. However, the high price of almond oil may stymie market growth. Nonetheless, increased demand from emerging economies such as China and India, as well as government regulations encouraging the use of natural and organic ingredients in cosmetic formulations, provide significant opportunities for market growth.

The forecast change is primarily due to lower out-of-home beverage consumption and supply chain disruption. Retail prices for almond oil are expected to rise between 2021 and 2022, assisting the global market's recovery.

Natural ingredients are in high demand for the production of cosmetics, perfumes, and food products in the food & beverage and fragrance & personal care industries. Synthetic substances cause lung diseases, skin allergies, respiratory problems, and alter brain functions. Because it is natural, almond oil has no side effects. Unlike synthetic oil, naturally produced Sweet Almond Oil Market does not interfere with body functions or leave toxic residues in the body, which increases the use of almond oil in cosmetic formulations around the world. The growth of the industry is being driven by an increase in the demand for natural substances over synthetic substances. Government agencies, such as the FDA, have launched initiatives to increase the use of natural ingredients in food, pharmaceuticals, and cosmetics.

Key Players

Now Health Group, Inc., Plimon, S.L., Provital Group, La Tourangelle, Inc., ESI S.p.A., and Blue Diamond Growers, Inc. are among the leading players in the global sweet almond oil market.