Almond Oil Market Almond Oil Market Size $1.2 Bn by 2024 | Página 2

Almond Oil Market Research Report - Global Forecast till 2024
Global Almond Oil Market Size, Share Research Report: Information by Type (Sweet and Bitter), Process
(Cold Press and Hot Press), Application (Food & Beverage, Cosmetics and Personal Care and others) and
Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2024
Global Almond Oil Market is expected to register a growth rate of 6.0% during the forecast period of 2019 to
2024 to reach USD 1.2 Billion by 2024. Almond oil is extracted from kernels of Prunus Dulcis tree by cold as
well as hot press processes. Almond oil contains various vitamins including vitamin E, vitamin A, and vitamin
B, and minerals; proteins and omega fatty acids make this oil an all-purpose carrier and essential oil. The
demand of pure almond oil is on the rise around the world due to its health benefits and high nutritional value.
Thus, these factors are expected to boost market growth during the review period.
Industry Segmentation:
The global almond oil market has been segmented, as per the global almond oil market analysis, based on
type, process, and application.
Based on product type, the global almond oil market has been segmented into sweet and bitter. The sweet
segment is expected to account for the larger share, and it is also projected to be growing faster than the bitter
segment during the review period This oil extracted from sweet almonds is obtained from the tree called Prunus
Dulcis, var. Amygdalus. Sweet almond oil is nutritious and edible as compared to bitter almond oil. In addition,
sweet almond oil is used as a carrier or base oil that is obtained from the fatty portion of the almond plant with
white flowers. Sweet almond oil does not evaporate or disseminate its aroma as strongly as essential oil does
and is also used to dilute essential oils. Bitter almond oil is used as an essential oil in less quantity, as it is
highly potent. Bitter almond oil can evaporate and contains a concentrated aroma. Moreover, it contains
glycoside amygdalin, which emits extremely toxic chemicals like prussic acid and benzaldehyde. This, in turn,
makes bitter almond oil not suitable for consumption as well as direct application on the skin.
The global almond oil market has been bifurcated, by process, into cold press and hot press. The cold press
segment is expected to account for the larger market share as this process does not need any pre-conditioning
of the almonds and the almonds are pressed directly at room temperature. This, in turn, lowers the oil
temperature as well as acid value. Additionally, due to low temperature, the cold pressed almond oil does not
have any adverse effect on the human body as compared to traditional high-temperature oil. Also, this helps in
maintaining all the nutritional content of the oil and retain the physiologically active substance, the original taste,
and flavor. Thus, the same segment is projected to register the higher CAGR during the forecast period due to
the rising inclination of consumers for cold pressed almond oil.
The global almond oil market has been segregated, by application, into food & beverages, cosmetics and
personal care, and others. The cosmetics and personal care segment is projected to gain the largest share in
the global almond oil market due to the major applications of almond oil in various skincare, makeup, and
personal care products. The moisturizing, antioxidant, antibacterial, astringent, antidepressant, and anti-
inflammatory properties of almond oil categorize it as an essential ingredient in different cosmetics and personal
care products. However, the food & beverage segment is expected to register the highest growth rate during
the forecast period owing to the significant growth of food & beverage industry and increased inclination
towards the usage of natural or plant-based ingredients.
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