Almond Oil Market By Type (Sweet Oil & Bitter Oil), By Distribution Channel, By End Use, By Application - Global Industry Outlook, Key Companies (Flora, AAK Natural Oils, OSE and Others), Trends and Forecast 2024-2033

Almond oil is a plant-based oil that originates from the seeds of the Prunus dulcis tree, or almonds which is commonly used in cooking, cosmetics, & haircare products. These oils are good for nourishing & hydrating skin & hair due to their high vitamin, mineral, and fatty acid content. It is also used as a carrier oil in the production of essential oils to dilute its concentration. Further, these oils have wide applications in baking, cooking, and salad dressings to give food a subtle flavor. It is employed to reduce the appearance of scars, stretch marks, and wrinkles and to treat skin conditions.

Market dynamics of the almond oil market are changing due to the growing demand for organic, herbal, and natural cosmetics & personal care products. Additionally, increasing awareness of the harmful effects of chemicals like parabens & phthalates used in cosmetics is anticipated to encourage the use of almond oil as a natural & functional ingredient in personal care product formulations.

The U.S Almond Oil Market

The U.S. Almond Oil Market is anticipated to be valued at USD 671.7 million in 2024 and is further expected to reach USD 1,853.0 million by 2033, at a CAGR of 11.9 %.

The almond oil market in the U.S. is witnessing robust growth driven by increasing consumer awareness about the health benefits associated with almond oil, such as its rich nutrient profile & potential for skin and hair care.

The U.S. almond oil market is experiencing notable trends in the beauty & cosmetics market. There is a growing consumer inclination towards natural & organic products, driving demand for pure and minimally processed almond oil.

Key Takeaways

• Market Growth Rate: The global almond oil market is projected to expand by USD 5,551.1 million by 2033 from 2025, with a CAGR of 13.3 % during this period.
• Market Definition: Almond oil is a versatile vegetable oil derived from almond kernels through cold pressing or solvent extraction.
• Type Analysis: Sweet oil as a type is expected to dominate the market with the highest revenue share of 63.1% in 2024.
• Distribution Channels Analysis: Hypermarkets & Supermarkets are expected to dominate the market based on distribution channels with a high CAGR.
• Application Analysis: The personal care and cosmetic segment as the application is anticipated to lead the market with the largest market share in 2024.
• Regional Analysis: Asia Pacific is anticipated to dominate the Almond Oil Market with a high revenue share of 35.1% by the end of 2024.

Use Cases

• Nourishment for Hair and Scalp Health: Almond oil is used in hair oils to nourish hair follicles, promote hair growth, and improve scalp health. Massaging with almond oil can reduce dandruff and relieve scalp irritation, while its moisturizing properties leave the skin smooth & soft.
• Lightweight Natural Hair Conditioner: Almond oil's lightweight nature and quick absorption make it an excellent natural hair conditioner, imparting softness and shine to hair without leaving a greasy residue.
• Culinary Applications: In cooking, particularly in baking and salad dressings, almond oil enhances the flavor of dishes while providing nutritional benefits.
• Skincare Benefits: Almond oil's anti-inflammatory properties help reduce puffiness and dark circles under the eyes, making it a valuable ingredient in skincare products.

Market Dynamic

Drivers

Rising Demand for Natural Cosmetics Fuels Almond Oil
The almond oil market is continuously growing due to increasing demand for organic, and natural cosmetics & personal care items. Consumers are now aware of the harmful effects of chemicals like parabens & phthalates used in many products, which are expected to boost almond oil as a natural ingredient in personal care that boosts the use of almonds. Further, changing lifestyles & improved living standards created fresh opportunities for these products, particularly in developing countries like India & China, driving the growth of this market.

Increasing Regulatory Compliance and Consumer Awareness
Almond Oil Industry is growing due to strict regulations imposed on harmful chemicals in cosmetics and natural ingredients. Moreover, the rising production of aromatherapy products, an increase in customers' preference for natural ingredients, and urbanization are the main factors driving the growth of this market.

Restraints

Environmental Factors
One significant challenge facing the global almond oil market is the potential constraints on almond production caused by environmental factors. Almond trees depend on specific climatic conditions & adequate water supply, which makes them vulnerable to drought & other weather-related issues, which obstruct the growth of the market.

High Cost

Fluctuations in almond yields can affect the availability & pricing of almond oil. Additionally, the comparatively higher cost of almond oil compared to synthetic alternatives might limit its broader adoption, especially in markets sensitive to pricing.

Opportunities

Pharmaceutical Applications and Health Initiatives
The expanding use of almond oil in pharmaceuticals is presenting great opportunities for the market, along with increased public health & fitness initiatives. Greater consumer awareness of the health benefits of almond oil is pushing market players to innovate to stay competitive. The rising demand for almond oil in the cosmetics and personal care sectors is being driven by increased consumer awareness of its many benefits.

DIY personal care products
The rising popularity of almond oil is due to the proliferation of Internet culture which made information on homemade remedies for skin conditions and personal care more accessible, leading consumers to prefer medicinally beneficial oils like almond oil for DIY personal care products, driving the growth of this market.

Trends

Nutrient-Rich Almond Oil Finds Favor in Culinary Applications
Almond oil is increasingly utilized in the food and beverage industry due to its numerous health benefits and mild, pleasant flavor. The health-conscious consumer base is driving the demand for almond oil as it is rich in vitamins, antioxidants, and healthy fats, which contribute to overall well-being. Additionally, almond-based products like almond milk and almond butter have gained significant popularity as alternatives to traditional dairy products. Almond milk is becoming popular among health-conscious consumers.

Research Scope and Analysis

By Type

Global Almond Oil Market is segmented into sweet oil and bitter almond oil based on type. Sweet oil is anticipated to dominate the almond oil market based on type with the highest 63.1% revenue share in 2024. These oils, also known as olive oil, are rich in micronutrients like vitamin E, copper, magnesium, and phosphorous as well as antioxidants that boost the immune system and reduce inflammation. There is rising demand for these oils in the production of cosmetics, personal care, and pharmaceutical products. 

Another factor that pushes the growth of this market is its mild laxative properties which have a low effect on consumers and also show some potential in combating certain cancers. Furthermore, they are widely used in cosmetics to reduce irritation, particularly for dry skin.

Bitter almond oil is predicted to grow due to its variants which provide many health benefits like obstructing the growth of fungi, reducing pain and cramps, and removing worms and bacteria in the intestine. It can also be mixed with food to add flavor after removing toxicity.

By Distribution Channel

Hypermarkets and Supermarkets are expected to emerge as the leading distribution channel in the almond oil market with the largest revenue share in 2024 which is attributed to the presence and convenience of a wide range of products in one place. These retailers are common destinations for purchasing oil as they provide various types of products from different brands in one place serving different customer needs. These retailers also provide an opportunity for customers to physically inspect products before making purchases, driving the growth of this segment.

Specialty stores are expected to hold a significant market share by providing a complete selection of almond oil products. This store is advantageous for those customers who are searching for specific types of almond oil, like organic or cold-pressed varieties. Stores are famous for providing a personalized shopping experience, free guidance, and information that is appealing to health-conscious consumers.

By Application

The personal care and cosmetic segment as the application is anticipated to lead the almond oil market with the largest revenue share in 2024 due to the increasing use of these oils in this industry. Also, natural products containing these oils are widely used in skincare and cosmetics products due to the government's ban on harmful chemicals. According to the European Commission cosmetics regulation, five different types of parabens are prohibited from using in any skincare and food industry. 

These strict regulations are expanding the use of almond oil in the personal care and cosmetics sector.
Food industries are also predicted to lead the almond oil market due to increasing demand for nutritious ingredients and, the introduction of innovative products like almond butter. Moreover, the pharmaceutical industry increasingly uses these oils for anti-inflammatory and immune-boosting properties, driving the growth of this market.

The Global Almond Oil Market Report is segmented based on the following

By Type

• Sweet Oil
• Bitter Oil

By Distribution Channel

• Hypermarkets & Supermarkets
• Food Specialty Stores
• Pharmacy
• Cosmetic Discounters
• Others

By Application

• Personal care & Cosmetics
• Pharmaceutical
• Food Preparation
• Others
• Personal care & Cosmetics
• Food Preparation

Regional Analysis

Asia Pacific is anticipated to dominate the almond oil market with a high revenue share of 35.1% by the end of 2024. Rising health benefits of almond oil in various prospects like cosmetic, and personal care among consumers in developing countries like China, India, and Thailand, boosts the growth of the market in this region. Another factor contributing to the growth of the market in this region includes the increasing use of almonds as a substitute for peanut butter, and its rising ability to combine with natural oil. 

Europe is expected to emerge as the fastest-growing region after the Asia-Pacific by the end of 2024 due to the gluten-free properties of almond oil. Countries like Germany, France, and the U.K. are expected to expand this product used in many items like bakeries, snacks, and breakfast cereals. Food processing units in this region are focused on increasing almond oil use in many products to increase taste and aroma.

Competitive Landscape

Almond Oil Market is fragmented in nature due to the presence of a large number of domestic as well as foreign players. Major players in the market are using diverse marketing strategies, including launching new products, innovating existing ones, conducting marketing campaigns, and securing celebrity endorsements to enhance almond oil visibility among potential customers. 

Startup companies are introducing personalized products with enhanced nutritional benefits to increase their consumer reach. Also, Key product manufacturers are expanding their presence in developed nations to maximize their technological penetration and customer outreach. Some of the major companies in this market are Floora, OSE, and Caloy.

Furthermore, companies are expected to prioritize technology innovation aimed specifically at developing countries and fresh markets. For example, Wikka, a skincare brand for aromatherapy, launched a series of products, particularly for the monsoons which are extracted from almonds, avocado, wheat germ milk, and aloe vera.

Some of the prominent players in the global almond oil market are

• Flora
• AAK Natural Oils
• OSE
• Caloy
• ESI
• Huiles Bertin
• A.N.V Foods Pvt Ltd
• K. K. Enterprise
• NowFoods
• Proteco Oils
• OLIOFORA
• Plimon
• Others

Recent Development

• In May 2023, Sundial Brands, a U.S.-based natural products company, acquired the almond oil brand 'SheaMoisture' from Unilever, expanding its presence in the natural skincare sector.
• In April 2023, Mamaearth, an Indian beauty brand, secured USD 40.0 million in funding to improve its range of personal care items, including skincare and hair care products infused with almond oil.
• In February 2023, L'Oréal, a French multinational corporation, introduced a new line of hair care products infused with almond oil, aiming at consumers searching for natural and enriching hair care solutions.
• In January 2023, Select Harvests, an Australian almond company, received a USD 65.19 million investment to expand its almond orchard and processing capabilities, due to rising global demand for almonds.
• In September 2022, Barentz International partnered with Blue Diamond Growers, a Californian almond processor, to distribute Blue Diamond's almond ingredients across Europe, aiming to increase the availability of almond-based products in the European market.