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Download Free sampleThe global Sweet Almond Oil market was valued at 17.36 Million USD in 2021 and will grow with a CAGR of .1% from 2021 to 2027, based on Research newly published report.
The prime objective of Sweet Almond Oil Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Sweet Almond Oil Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Almond oil is the oil extracted from almonds. It is a kind of pale yellow oily liquid with minimum odor at room temperature. It is mainly used for food, cosmetics and others. In Sweet Almond Oil Market we main static the almond oil that not contain any additives.California produces 82% of the globe`s almonds, harvesting about 1000,000 acres of the tree nut across a 400-mile stretch from northern Tehama County to southern Kern County. Fueling the boom is robust foreign demand, particularly from emerging consumer markets like China and India, where the industry has been promoting almonds as a healthful snack. Most of almond is consumed as food. Almonds production and price trend will directly affect the industry. Due to the strong demand in the cosmetics industry, sweet almond oil is rapidly developing as a further processed product of almond. As we know, the world`s leading cosmetics companies L`oreal, Beiersdorf, SHISEIDO and Estee Lauder are direct downstream clients in this industry. The United States is the world`s largest producer of sweet almond oil. Every year, 60%-75% sweet almond oil of United States manufacturer exports to Europe and Asia Pacific. In Europe, especially France and Germany, is the world`s largest consumption region of sweet almond oil, which hold 58% global sales market share. The world`s major consumption regions are the France, Germany, United Kingdom, Japan and the United States. Cosmetic companies are the world`s major downstream customers. Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area. Consumption in China and many developing countries is very small, and there still have great potential in these markets.
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