Europe Almond Oil Market was worth USD 475 million in 2022 and is estimated to be growing at a CAGR of 12.80%, to reach USD 890 million by 2027. 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.
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. 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. 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.
The Europe Almond Oil Market is segmented on the basis of Product
Sweet Almond Oil
Bitter Almond Oil
On the basis of Application, the market is segmented into
Cosmetics
Food
U.K
Germany
France
Spain
Italy
The Europe Almond Oil Market is the second-largest market on a global level after North America and is predicted to grow substantially during the forecast period.
AAK
Frontier Natural Products
Flora
Oil Seed Extractions
Proteco
Bajaj
Dabur and Caloy
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