Almond Oil Market Size, Share, Growth Analysis, By Type(Sweet Almond Oil and Bitter Almond Oil), By Application(Cosmetics & Personal Care and Pharmaceuticals), By Region - Industry Forecast 2024-2031

The global almond oil market is characterized by a diverse range of players, including both established companies and emerging players. These companies are focused on product innovation and development to cater to the evolving consumer demands for natural and organic personal care products. Additionally, strategic collaborations, partnerships, and mergers are observed to strengthen market positions and expand geographical presence. Moreover, market players are investing in marketing and promotional activities to create awareness about the benefits of almond oil and gain a competitive edge in the market.

Almond Oil Market Top Player’s Company Profiles

• AAK AB (Sweden)

• AOS Products Pvt. Ltd. (India)

• Ashwin Fine Chemicals & Pharmaceuticals (India)

• Blue Diamond Growers, Inc. (US)

• Caloy, Inc. (US)

• Croda International Plc (UK)

• Flora Manufacturing and Distributing Ltd. (Canada)

• Frontier Co-op (US)

• Gustav Heess GmbH (Germany)

• Henry Lamotte Oils GmbH (Germany)

• Jiangxi Baicao Pharmaceutical Co., Ltd. (China)

• Jiangxi Xuesong Natural Medicinal Oil Co., Ltd. (China)

• Liberty Vegetable Oil Company (US)

• NOW Foods (US)

• Olam International Limited (Singapore)

• Proteco Oils (Australia)

• Spectrum Organic Products, LLC (US)

• Surti Industries (India)

• The Lebermuth Company, Inc. (US)

• Virdhara International (India)

Almond Oil Market Recent Development

• In May 2024, according to its latest short-term outlook report for the agricultural sector, E.U. olive oil production is set to rise by seven percent compared to 2022/23, reaching 1,489,000 tons. Despite the increase, the current yield remains 28 percent below the average of the past five years. 

• In February 2024, the vibrant celebrations of the 11th Almond Festival, Prime Minister Aziz Akhannouch spearheaded the inauguration of several developmental projects, underscoring the region’s commitment to progress and sustainability. 

• In February 2024, Hammer supports AAK during the strategy development process. 

• December 2023 A new range of infused almond oils with botanical blends for specific uses like relaxation, muscular rehabilitation, and sleep enhancement is introduced by California-based Almond Innovations. 
• December 2023 In response to the increasing demand for natural hair care products, Australian company Essano launches a new line of cold-pressed almond oil and certified organic haircare products. 
• December 2023 The French cosmetics giant L'Oréal has unveiled a new high-end face serum that promises to be hydrating and anti-aging. It contains hyaluronic acid and cold-pressed almond oil. 
• In May 2023, U.S.-based natural products company Sundial Brands acquired the almond oil brand 'SheaMoisture' from Unilever, expanding its presence in the natural skincare market. 
• In April 2023, Indian beauty brand Mamaearth raised $40 million in funding to expand its portfolio of personal care products, including almond oil-based skincare and hair care products. 
• In February 2023, French multinational company L'Oréal launched a new range of hair care products enriched with almond oil, targeting consumers seeking natural and nourishing haircare solutions. 
• In January 2023, Australian almond company Select Harvests secured a AUD 100 million investment to expand its almond orchard and processing capabilities, driven by increasing global demand for almonds.