Global Almond Oil Market 2017-2021

Overview of the global almond oil market

Technavio’s market research report predicts that the global almond oil market will grow at a CAGR of nearly 13% during the forecast period. The rising demand for aromatherapy is one of the primary drivers for market growth. Aromatherapy uses essential oils for an extensive range of health conditions and is gaining wide popularity among spa customers. Aromatherapy offers various benefits including easing depression, reduced anxiety, better cognitive performance, improved digestion, and increased circulation and also strengthens the immune system and induces sleep. Since almond oil suites all skin types, it is used as a carrier oil in aromatherapy and massage therapies, subsequently increasing their demand in the coming years. Additionally, almond oil also improves the mood, changes cognitive states, and is also used as a supplemental medicine. Several cosmetic brands utilize essential oils like almond oils in their products and promote the products by displaying their aromatherapy advantages.

Innovative tactics and distribution strategies are adopted by almond oil manufacturers to raise their market shares. Avon, one of the world’s leading beauty product selling companies introduced Naturals Hair Oil, with seven oils (almond oil, coconut oil, vegetable oil, olive oil, macadamia oil, argan oil, and sunflower seed oil) for strong and healthy hair. Similarly, SoulTree also recenelty launched its Saffron & Almond Oil with Natural Vitamin E Nourishing Cream for dry skin. With increasing competition and growing demand, manufacturers will start intoriducing innovative products, which will be one of the major trends in the almond oil market in the coming years.

Competitive analysis and key vendors