Sweet Almond Oil Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2025

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Sweet Almond Oil Market - Global Industry
Insight, Trends, Outlook, and Opportunity
Analysis 2017-2025

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REPORT DESCRIPTION
Sweet Almond Oil Market Overview
Market Introduction A refined oil obtained from
the dried kernels of the almond tree is referred
as sweet almond oil. It contains vitamin A, B, E,
and D and is also rich in glycosides, minerals,
mono and poly-unsaturated fatty acids. It is
typically used to relieve skin itching caused due
to dryness, moisturize dry skin, and soothe
chapped lips. Market Dynamics Sweet almond oil
has wide range of medical applications such as
laxative and as a vaccine additives. Furthermore,
it is also used in moisturizers, soaps, shampoos,
shaving creams, and bath oils, in the cosmetics
and personal care industry. According to Cosmetic
Europe, cosmetics and personal care industry in
Europe was valued at US 94.13 billion in 2015
with Germany (US 15.89 billion) positioned as
the largest market, followed by the U.K. (US
14.06 billion), France (US 13.94 billion), and
Italy (US 12.10 billion), respectively. This is
expected to be a major factor for growth of the
market. However, high cost of sweet almond oil is
restraining factor for the growth of market.
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REPORT DESCRIPTION
Market Trends Nonpareil segment accounted for
the largest market share in 2017 followed by
California and mission almond oil, as it has thin
outer shell and smooth kernel which allows
blemish free and easy processing as compared to
other types. According to According to California
Department of Food and Agriculture (CFDA), in
California, nonpareil almond accounted for 39 of
the almond produced in 2012 and is expected to
exhibit continuous growth. On the basis of
end-use industry, the cosmetics segment is
expected to exhibit significant growth in the
sweet almond oil market over the forecast period.
Increasing awareness among consumers regarding
the benefits and applications in shower gels,
skin moisturizer and others of sweet almond oil
and rising popularity of aromatherapy is fueling
growth of this segment in global sweet almond oil
market. Online channels segment is significantly
gaining traction, as it offers a wide range of
products through a single website and other
offers such as free delivery. According to the
India Brand Equity Foundation (IBEF), in India,
revenue generated from online retail was US 6
billion in 2015 and is expected to reach up to
US 70 billion by 2020. Request Sample Copy of
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REPORT DESCRIPTION
Market Outlook North America is projected to
exhibit a significant growth in global sweet
almond oil market in 2017. This is attributed to
increasing demand for sweet almond oil, due to
its high nutritional value and various health
benefits, resulting in increasing demand from
pharmaceutical, food and cosmetic industries in
this region. According to U.S. International
Trade Administration (ITA), the export of
personal care and cosmetic industry in the U.S.
was valued at US 10.4 billion in 2015 and
increased at an average rate of 15 over
(20122015). However, increasing cost of almonds
may have a negative impact on the growth of this
market. According to Bureau of Labor Statistics
(BLS), in the U.S., the price of almond increased
from US 2.58 per pound to US 4.00 per pound
from 2012 to 2014 respectively and is
significantly increasing. Asia Pacific is
projected to witness significant growth in the
global sweet almond oil market over the forecast
period, owing to its increasing application such
as cooking and frying, results in increasing food
processing industry in the region. According to
the India Brand Equity Foundation (IBEF), in
2016, the food processing industry in India was
ranked fifth in terms of consumption, production,
and exports, and increased at a CAGR of 11.74
during 20112016. To Get Discount on this Report
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