Middle East and Africa Almond Oil Market The Size Growth Analysis
Middle East and Africa Almond Oil Market was worth USD 181million in 2022 and estimated to be growing at a CAGR of 12.45%, to reach USD 322 million by 2027.
The market showcasing the 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 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 of 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.
Industry Analysis – By Product:
Sweet Almond Oil
Bitter Almond Oil
Industry – By Application:
Cosmetics
Food
MEA Almond Oil Market Geographical Segmentation:
UAE,
Israel
KSA
South Africa
Egypt
The Middle East and Africa consist of many developing countries and thus contribute very little to the global almond oil market. However, with growing disposable economies and increased awareness, the market will grow significantly in future years.
AAK (Aarhus Karlshamn)
Frontier Natural Products
Flora
Oil Seed Extractions
Bajaj
Dabur
Caloy
Jiangxi Baicao Pharmaceutical Co., Ltd
AOS Products Private Limited
Mountain Ocean
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