Almond Oil Market Almond Oil Market Size $1.2 Bn by 2024 | Page 3

Almond Oil Market Research Report - Global Forecast till 2024
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Industry Developments
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In February 2018, Proteco Oils expanded its business by unveiling new products and increasing its
workforce. Additionally, in 2016, the company expanded its manufacturing unit by opening a new
refinery to produce refined oils from macadamias, peanuts, and almonds.
Industry Key Players
Some of the key players, associated with the global almond oil industry, in the global almond oil market are
Jiangxi Baicao Pharmaceutical Co., Ltd (China), Eden Botanicals (US), Caloy, Inc. (US), Henry Lamotte Oils
GmbH (Germany), Proteco Oils (Australia), Florapower GmbH & Co. KG (Germany), Ashwin Fine Chemicals
& Pharmaceuticals (India), Liberty Vegetable Oil Company (US), California Nut Oil Milling Company (US), Aos
Product Pvt. Ltd. (India), Parchem Fine and Specialty Chemicals, Inc. (US), Sydney Essential Oil Co.
(Australia), Gustav Heess Oleochemische Erzeugnisse GmbH (Germany), ConnOils LLC (US), and Bo
International (India).
Regional Analysis
The global almond oil market has also been segmented, by region, into North America, Europe, Asia-Pacific,
and the rest of the world.
The market in North America is expected to account for the largest share of the global almond oil industry owing
to the increasing usage of almond oil in various skincare products.
The market in Asia-Pacific is expected to be the fastest growing during the forecast period owing to the
increasing awareness about the benefits of almond oil. In addition, consumers are becoming more aware of
the moisturizing and soothing effects of almond oil, which, in turn, is expected to increase its usage.
Some of the growth strategies adopted by the market players are innovations, product launches, expansions,
and mergers.
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