Middle East And Africa Almond Oil Market By Product (Sweet Almond Oil And Bitter Almond Oil), By Application (Cosmetics And Food), And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2024 to 2029

Updated On: January, 2024

ID: 4526

Pages: 170

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.

MEA Almond Oil Market Growth Analysis :

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.

MEA Almond Oil Market Segmentation:

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.