Almond Oil Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET OVERVIEW
Almond oil is mostly extracted with the help of applying cold pressure method, and they are a rich source of oil which is mainly extracted from the almond kernels of tree Prunus dulcis. It is known as a nutshell for various vitamins as well as minerals which are further used in various food and personal care products. As the ‘organic’ trend continues to proliferate, there is a high demand for organic variants of almond oil significantly; hence manufacturers are also offering organic almond oil in the market.
MARKET SCOPE
The “Global Almond Oil Market Analysis to 2028” is a specialized and in-depth study of the food and beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of the almond oil market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading almond oil market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global almond oil market is segmented into sweet almond oil and bitter almond oil
- Based on application, the market is bifurcated into food industry, personal care, pharmaceutical, and others
MARKET DYNAMICS
Drivers-
- Increasing use of almond oil in aromatherapy and personal care products
- Increasing almond oil application in food industry
- Rising demand for organic oil and the rising innovation by the manufacturers
Restraints-
- Higher price of almond oil and availability of substitute products may restrict the market growth
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The almond oil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the almond oil market in these regions.
IMPACT OF COVID-19 ON ALMOND OIL MARKET
As of June 2021, the US, India, Brazil, Russia, Spain, France, the UK, Turkey, and Italy, are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 is affecting economies and several industries in different countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various manufacturing plants and factories has also been affected the global supply chains also negatively impacted the manufacturing, delivery schedules, and sales of goods in the global market. In addition, the global travel bans further imposed by countries in Europe, Asia-Pacific, and North America are also affecting business collaborations as well as partnership opportunities.
Due to the Covid-19 pandemic, the food and beverage industry is also facing huge losses, which is further impacting the world economy. It has further disrupted the transportation system and disrupted the supply of raw materials. The disruptive value chain has had a negative impact on the raw material supply, which, in turn, is impacting the growth of the almond oil market. However, as the economies are planning to revive their operations, the demand for almond oil is presumed to rise since consumers are buying food products through online retailers. In addition, food & beverage producing companies are also taking some safety measures to fight the coronavirus, which include limiting direct contact with delivery person & visitors, strengthening & communicating proper hygiene practices, and conducting complete sanitations & eliminating personnel contact during shift changes. With all these factors, it can be presumed that in post-pandemic times, the demand for these products will take a hike.
KEY
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The almond oil market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the almond oil market in these regions.
IMPACT OF COVID-19 ON ALMOND OIL MARKET
As of June 2021, the US, India, Brazil, Russia, Spain, France, the UK, Turkey, and Italy, are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 is affecting economies and several industries in different countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various manufacturing plants and factories has also been affected the global supply chains also negatively impacted the manufacturing, delivery schedules, and sales of goods in the global market. In addition, the global travel bans further imposed by countries in Europe, Asia-Pacific, and North America are also affecting business collaborations as well as partnership opportunities.
Due to the Covid-19 pandemic, the food and beverage industry is also facing huge losses, which is further impacting the world economy. It has further disrupted the transportation system and disrupted the supply of raw materials. The disruptive value chain has had a negative impact on the raw material supply, which, in turn, is impacting the growth of the almond oil market. However, as the economies are planning to revive their operations, the demand for almond oil is presumed to rise since consumers are buying food products through online retailers. In addition, food & beverage producing companies are also taking some safety measures to fight the coronavirus, which include limiting direct contact with delivery person & visitors, strengthening & communicating proper hygiene practices, and conducting complete sanitations & eliminating personnel contact during shift changes. With all these factors, it can be presumed that in post-pandemic times, the demand for these products will take a hike.
KEY MARKET PLAYERS
The report covers key developments in the almond oil market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from almond oil market are anticipated to witness lucrative growth opportunities in the future with the rising demand for almond oil in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the almond oil market. In addition, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last 3 years, the key developments in the last five years.
- AOS Products Private Limited
- Bajaj
- Blue Diamond Growers
- Caloy Quality Natural Oils
- Frontier Natural Products Co-op
- Liberty Vegetable Oil Company
- Mountain Ocean Ltd.
- NOW Foods
- Proteco Oils
- Yash Exports
The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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![Report Coverage](https://www.theinsightpartners.com/assets/rdimages/report_coverage.png)
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
![Segment Covered](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
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![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
Country Scope
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1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Almond Oil Market - By Type
1.3.2 Almond Oil Market - By Application
1.3.3 Almond Oil Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ALMOND OIL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.3. EXPERT OPINIONS
5. ALMOND OIL MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ALMOND OIL MARKET - GLOBAL MARKET ANALYSIS
6.1. ALMOND OIL - GLOBAL MARKET OVERVIEW
6.2. ALMOND OIL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. ALMOND OIL MARKET - REVENUE AND FORECASTS TO 2028 – TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SWEET ALMOND OIL
7.3.1. Overview
7.3.2. Sweet Almond Oil Market Forecast and Analysis
7.4. BITTER ALMOND OIL
7.4.1. Overview
7.4.2. Bitter Almond Oil Market Forecast and Analysis
8. ALMOND OIL MARKET - REVENUE AND FORECASTS TO 2028 – APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. FOOD INDUSTRY
8.3.1. Overview
8.3.2. Food Industry Market Forecast and Analysis
8.4. PERSONAL CARE
8.4.1. Overview
8.4.2. Personal Care Market Forecast and Analysis
8.5. PHARMACEUTICAL
8.5.1. Overview
8.5.2. Pharmaceutical Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. ALMOND OIL MARKET REVENUE AND FORECASTS TO 2028 – GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Almond Oil Market Overview
9.1.2 North America Almond Oil Market Forecasts and Analysis
9.1.3 North America Almond Oil Market Forecasts and Analysis - By Type
9.1.4 North America Almond Oil Market Forecasts and Analysis - By Application
9.1.5 North America Almond Oil Market Forecasts and Analysis - By Countries
9.1.5.1 United States Almond Oil Market
9.1.5.1.1 United States Almond Oil Market by Type
9.1.5.1.2 United States Almond Oil Market by Application
9.1.5.2 Canada Almond Oil Market
9.1.5.2.1 Canada Almond Oil Market by Type
9.1.5.2.2 Canada Almond Oil Market by Application
9.1.5.3 Mexico Almond Oil Market
9.1.5.3.1 Mexico Almond Oil Market by Type
9.1.5.3.2 Mexico Almond Oil Market by Application
9.2. EUROPE
9.2.1 Europe Almond Oil Market Overview
9.2.2 Europe Almond Oil Market Forecasts and Analysis
9.2.3 Europe Almond Oil Market Forecasts and Analysis - By Type
9.2.4 Europe Almond Oil Market Forecasts and Analysis - By Application
9.2.5 Europe Almond Oil Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Almond Oil Market
9.2.5.1.1 Germany Almond Oil Market by Type
9.2.5.1.2 Germany Almond Oil Market by Application
9.2.5.2 France Almond Oil Market
9.2.5.2.1 France Almond Oil Market by Type
9.2.5.2.2 France Almond Oil Market by Application
9.2.5.3 Italy Almond Oil Market
9.2.5.3.1 Italy Almond Oil Market by Type
9.2.5.3.2 Italy Almond Oil Market by Application
9.2.5.4 United Kingdom Almond Oil Market
9.2.5.4.1 United Kingdom Almond Oil Market by Type
9.2.5.4.2 United Kingdom Almond Oil Market by Application
9.2.5.5 Russia Almond Oil Market
9.2.5.5.1 Russia Almond Oil Market by Type
9.2.5.5.2 Russia Almond Oil Market by Application
9.2.5.6 Rest of Europe Almond Oil Market
9.2.5.6.1 Rest of Europe Almond Oil Market by Type
9.2.5.6.2 Rest of Europe Almond Oil Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Almond Oil Market Overview
9.3.2 Asia-Pacific Almond Oil Market Forecasts and Analysis
9.3.3 Asia-Pacific Almond Oil Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Almond Oil Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Almond Oil Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Almond Oil Market
9.3.5.1.1 Australia Almond Oil Market by Type
9.3.5.1.2 Australia Almond Oil Market by Application
9.3.5.2 China Almond Oil Market
9.3.5.2.1 China Almond Oil Market by Type
9.3.5.2.2 China Almond Oil Market by Application
9.3.5.3 India Almond Oil Market
9.3.5.3.1 India Almond Oil Market by Type
9.3.5.3.2 India Almond Oil Market by Application
9.3.5.4 Japan Almond Oil Market
9.3.5.4.1 Japan Almond Oil Market by Type
9.3.5.4.2 Japan Almond Oil Market by Application
9.3.5.5 South Korea Almond Oil Market
9.3.5.5.1 South Korea Almond Oil Market by Type
9.3.5.5.2 South Korea Almond Oil Market by Application
9.3.5.6 Rest of Asia-Pacific Almond Oil Market
9.3.5.6.1 Rest of Asia-Pacific Almond Oil Market by Type
9.3.5.6.2 Rest of Asia-Pacific Almond Oil Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Almond Oil Market Overview
9.4.2 Middle East and Africa Almond Oil Market Forecasts and Analysis
9.4.3 Middle East and Africa Almond Oil Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Almond Oil Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Almond Oil Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Almond Oil Market
9.4.5.1.1 South Africa Almond Oil Market by Type
9.4.5.1.2 South Africa Almond Oil Market by Application
9.4.5.2 Saudi Arabia Almond Oil Market
9.4.5.2.1 Saudi Arabia Almond Oil Market by Type
9.4.5.2.2 Saudi Arabia Almond Oil Market by Application
9.4.5.3 U.A.E Almond Oil Market
9.4.5.3.1 U.A.E Almond Oil Market by Type
9.4.5.3.2 U.A.E Almond Oil Market by Application
9.4.5.4 Rest of Middle East and Africa Almond Oil Market
9.4.5.4.1 Rest of Middle East and Africa Almond Oil Market by Type
9.4.5.4.2 Rest of Middle East and Africa Almond Oil Market by Application
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL ALMOND OIL MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Middle East and Africa
10.5 South and Central America
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. ALMOND OIL MARKET, KEY COMPANY PROFILES
12.1. AOS PRODUCTS PRIVATE LIMITED
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. BAJAJ
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. BLUE DIAMOND GROWERS
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. CALOY QUALITY NATURAL OILS
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. FRONTIER NATURAL PRODUCTS CO-OP
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. LIBERTY VEGETABLE OIL COMPANY
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. MOUNTAIN OCEAN LTD.
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. NOW FOODS
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. PROTECO OILS
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. YASH EXPORTS
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMSThe List of Companies
- AOS Products Private Limited
- Bajaj
- Blue Diamond Growers
- Caloy Quality Natural Oils
- Frontier Natural Products Co-op
- Liberty Vegetable Oil Company
- Mountain Ocean Ltd.
- NOW Foods
- Proteco Oils
- Yash Exports
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.