Market - - May 04,2017
According to an informative report on Market Research Hub (MRH), the almond oil market will grow at an impressive CAGR of 12.62% during the period 2017-2021.
The increasing demand for aromatherapy is one of the prime drivers for this growth. Aromatherapy uses almond oils for a range of health purposes and is gaining immense popularity among spa customers. Aromatherapy offers varied benefits including depression easing, reducing anxiety, improved circulation, improved cognitive performance, better digestion, strengthen the immune system and to induce sleep.
Since almond oil is suitable for all skin types, it can be used as a carrier oil in massage therapies and aromatherapy, subsequently rising its demand over the coming years. Besides this, almond oil can be useful in improving the mood, changing cognitive states and as a supplementary medicine. Several cosmetic brands use almond oil in their products and promote the products by displaying its aromatherapy advantages.
Almond oil available in the market is of two types: sweet almond oil and bitter almond oil. Currently, the sweet almond oil segment dominates the product segment of the overall almond oil market and is likely to remain dominant in the near future. Some benefits of sweet almond oil are the high availability of Vitamin E, prevention of early signs of aging and its skin care and massage applications.
The Americas is the largest regional market of almond oil across the globe and is expected to remain the dominant in the near future. The rise in awareness among people about the advantages of almond oils and the rise of the spa industry in the region is expected to fuel the growth of the almond oil market in the Americas.
The almond oil market involves many private vendors. The competition among the branded and unbranded vendors are primarily on the basis of price, preparation time, packaging innovation, the inclusion of fortified ingredients and product promotion. The ever-changing customers’ demands and preferences are some of the major challenges the almond oil manufacturers are facing today.
For more information on this report visit - http://www.marketresearchhub.com/report/global-almond-oil-market-2017-2021-report.html