Almond Oil Market Share by Manufacturers, Analysis includes Mergers and Acquisitions, Expansion-COVID-19 Impact

Kenneth Research, in its repository of market research reports, have recently added a report on Almond Oil Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Almond Oil Market products.

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By the end of 2050, the world’s population aged 60 years and above is anticipated to reach 2 billion, states the World Health Organization (WHO), in one of its statistics. Additionally, several manufacturers are increasingly showing interest for manufacturing healthy beverages, which is also anticipated to drive the growth of the market in the coming years.

Global Almond Oil Market was valued at USD 1,082.5 Million in the year 2017. Global Almond Oil Market is further estimated to grow at a CAGR of 14.9% from 2018 to 2025 to reach USD 3361.17 Million. Asia Pacific region holds the highest Market share in 2017 and is considered as the fastest growing Market in the forecasted period due to steady growth rate and increasing economies in these regions.

The major Market Players in Almond Oil Market are Ashwin Fine Chemicals & Pharmaceuticals (India), Now Foods (U.S), Eden Botanicals (U.S), Shanghai Saifu Chemical Development Co. Ltd. (China), BASF (Germany), Mountain Ocean (U.S), Jiangxi Xuesong Natural Medicinal Oil Co. LTD. (China), Proteco Oils (Australia), Blue Diamond Growers Inc. (U.S), Caloy Quality Natural Oils (U.S), (other 13 companies information is provided in research report.)

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By product type sweet almond oil segment holds the highest Market share among various product type considered. On the other hand cosmetics segment by application holds the high Market share among all other segment and is expected to grow at the highest CAGR during the year 2018-2023 and holds the substantial Market share because of its high demand and effective product.

By Application
Food Preparation

By Type
Sweet Almond Oil
Bitter Almond Oil

By Region

North America
*Rest of Europe
*Rest of Asia-Pacific
*Latin America
*Middle East & Africa

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