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(HomeGarden247.com, February 13, 2018 ) The North America Almond Oil Market was worth USD 390 million in 2017 and estimated to be growing at a CAGR of 12.6%, to reach USD 710 million by 2022. The market is showcasing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rapid development in the cosmetics industry.
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Almond oil is vital oil obtained from extracting almonds and is used as an ingredient for cosmetic preparations, for adding flavour, and for its medicinal properties. The almond oil can be colourless or pale yellow or yellow, and is prepared by using various techniques.
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The growing demand for aromatherapy is a major driver for market growth. Aromatherapy involves the usage of essential oils for a variety of health conditions and becoming popular among spa customers. Another drivers for the market growth are increasing preference for online shopping leading to higher profit margins, and rising number of retailing channels. However, lack of awareness and low affordability proves to be a major challenge for Almond Oil market in some regions.
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Scope of the report:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms by type, packaging and meat type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economic and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
The North America Almond Oil Market is segmented on the basis of Product into Sweet Almond Oil and Bitter Almond Oil. On the basis of Application, the market is segmented into Cosmetics and Food.
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On the basis of geography, the North America market is analysed under various regions namely U.S.A and Canada. The North America Almond Oil Market dominated the global market with largest share and is expected to grow significantly owing to rise in disposable incomes.
Some of the major companies dominating the market, by their products are AAK, Frontier Natural Products, Flora, Oil Seed Extractions, Proteco, Bajaj, Dabur and Caloy .
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