Global Almond Oil Market Industry Analysis and Forecast 2023 Opportunity Analysis and Industry Forecast, 2016-2023
Global Opportunity Analysis and Industry Forecast, 2016-2023
“The demand for almond oil is anticipated to increase among luxury brand manufacturers of personal care and cosmetic products as currently these manufacturers are concentrating on production of products containing natural and organic ingredients�. Opportunity Analysis and Industry Forecast, 2016-2023
Biswa Sinha Analysis and Global Opportunity
Senior Research Consumer Goods and Food & Beverages at AMR IndustryAnalyst, Forecast, 2016-2023
Almond Oil Market Almond Oil Market by Type, Application and Distribution Channel: Global Opportunit y Analysis and Industry Forecast, 2017-2023 , the global almond oil market was valued at $1,118 million in 2016, and is projected to reach $2,680 million by 2023, growing at a CAGR of 13.2% from 2017 to 2023. The sweet almond oil segment dominated the market in 2016, with more than half share, in terms of revenue. Almond oil is extracted from kernels of Prunus Dulcis tree using cold-pressed method. Presence of various vitamins such as Vitamin E, Vitamin B, and vitamin A; minerals; proteins and omega fatty acids make this oil an all-purpose essential and carrier oil which is utilized in food preparation, pharmaceutical and cosmetic industries. The demand of almond oil is on an increase across the globe due to its health benefits and high nutritional value.
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Almond Oil Market
Key Findings of the Almond Oil Market: *North America is expected to lead the market during the forecast period in terms of revenue, followed by Asia-Pacific. *Sweet almond oil market volume is projected to grow with a CAGR of 12.5%, in terms of volume during the forecast period. *The cosmetic segment is expected to show highest growth, registering a CAGR of 12.9% in terms of volume.
*Turkey accounted for 6.58% share in the LAMEA almond oil market in 2016. *Mexico is projected to grow at a fastest rate in the North America almond oil market, registering a CAGR of 13.8%. *Germany accounts for 10.20% share in the Europe almond oil market in 2016.
Almond Oil Market By Geography North America U.S. Canada Mexico Europe UK France Germany Rest of Europe Asia-Pacific China Japan India South Korea Rest of Asia-Pacific LAMEA Latin America Middle East Arica
Almond Oil Market
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