Global Almond Oil Market to reach $2,497.7 Million by 2023, According to Recent Study by GMI

NEW YORK - April 4, 2018 - PRLog -- Global Almond Oil Market (https://genesismarketinsights.com/viewreport/73/27/Almond-Oil-Market) was valued at USD 1,082.5 Million in the year 2017. Global Almond Oil Market is further estimated to grow at a CAGR of 14.9% from 2018 to 2023 to reach USD 2,497.7 Million. Asia Pacific region holds the highest market share in 2017 and is considered as the fastest growing market in the forecasted period due to steady growth rate and increasing economies in these regions.

Ashwin Fine Chemicals & Pharmaceuticals (India), Now Foods (U.S), Eden Botanicals (U.S), Shanghai Saifu Chemical Development Co., Ltd. (China), BASF (Germany) and Mountain Ocean (U.S) are some of the key players in the Almond Oil Market.

Market Overview

Drivers

         Rising aromatherapy and spa market

         Increasing health consciousness and fitness among people

Restraints

         High cost of the therapy

Opportunity

         Innovations in technologies for better products

         Increasing investment opportunity in developed region

         Rising Government support for aromatherapy

Challenges

         Growing Substitute products

By product type sweet almond oil segment holds the highest market share among various product type considered. On the other hand cosmetics segment by application holds the high market share among all other segment and is expected to grow at the highest CAGR of 11.1% during year 2017-2022 and holds the substantial market share because of its high demand and effective product.

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Key Benefits for Stakeholders

Almond Oil Manufacturers, Distributors and Retailers

Research and Consulting organization

Technology Standards Organizations, Forums, Alliances and Associations

End use industries

Regulatory bodies, policy actors and consumers.

By Type

Sweet Almond Oil

Bitter Almond Oil

By Application

Food Preparation

Cosmetics

Pharmaceutical

Others

By Region

North America

Europe

Asia-Pacific

RoW

Key Market Players

Ashwin Fine Chemicals & Pharmaceuticals (India)

Now Foods (U.S)

Eden Botanicals (U.S)

Shanghai Saifu Chemical Development Co., Ltd. (China)

BASF (Germany)

Mountain Ocean (U.S)

Jiangxi Xuesong Natural Medicinal Oil Co., LTD. (China)

Proteco Oils (Australia)

Blue Diamond Growers, Inc. (U.S)

Caloy Quality Natural Oils (U.S)

Aos Products Private Limited

Jiangxi Baicao Pharmaceutical Co., ltd.

Liberty Vegetable Oil Company

Twasa Cosmetics

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