Latin America Almond Oil Market Growth Rate:
Latin America Almond Oil Market was worth USD 141 million in 2019 and estimated to be growing at a CAGR of 12.5%, to reach USD 252 million by 2026. The market is showcasing the evident potential in the mentioned forecasting period. The Latin America Almond Oil Market continues to gain momentum with the rapid development in the cosmetics industry.
Almond oil is vital to oil obtained from extracting almonds and is used as an ingredient for cosmetic preparations, for adding flavor, and for its medicinal properties. The almond oil can be colorless or pale yellow or yellow and is prepared by using various techniques.
REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2020 – 2026 |
|
Base Year |
2020 |
|
Forecast Period |
2022 - 2027 |
|
CAGR |
XX% |
|
Segments Covered |
By Product, and By Application |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Countries Covered |
Brazil, Mexico, and Argentina |
|
Market Leaders Profiled |
AAK, Frontier Natural Products, Flora, Oil Seed Extractions, Proteco, Bajaj, Dabur, and Caloy |
Demand Growth Analysis of Latin America Almond Oil Market:
The growing demand for aromatherapy is a major driver for Latin America Almond Oil Market growth. Aromatherapy involves the usage of essential oils for a variety of health conditions and becoming popular among spa customers. Other drivers for the market growth are increasing preference for online shopping leading to higher profit margins, and a rising number of retailing channels. However, lack of awareness and low affordability proves to be a major challenge for the Almond Oil market in some regions.
Latin America Almond Oil Market Segmentation:
By Product:
By Application:
Regional Segmentation of the Market:
Regional Growth Analysis:
Latin America consists of many developing countries and thus contributes very little to the global almond oil market. However, with growing disposable economies and increased awareness, the market will grow significantly in future years.
Some of the major companies dominating the market:
AAK, Frontier Natural Products, Flora, Oil Seed Extractions, Proteco, Bajaj, Dabur, and Caloy.
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