Global Almond Oil Market Expected to Reach USD 7.9 Billion by 2033 - IMARC Group

Global Almond Oil Market Statistics, Outlook and Regional Analysis 2025-2033

The global almond oil market size was valued at USD 3.0 Billion in 2024, and it is expected to reach USD 7.9 Billion by 2033, exhibiting a growth rate (CAGR) of 10.2% from 2025 to 2033.

The almond oil market is witnessing a surge in innovations, driven by the growing demand for multipurpose personal care and wellness solutions. In contrast, key players are introducing almond oil-based products that cater to diverse consumer preferences, from hair care to skincare. For instance, in October 2024, Cupid has ventured into the almond hair oil market with a sales team of over 315 members and a distribution network of 650 distributors. The company is targeting to increase its retail touchpoints to 1 lakh by leveraging strategic marketing and e-commerce platforms. This move reflects the increasing emphasis on tapping into the rising popularity of natural ingredients like almond oil in hair care. At the same time, in August 2024, Marico Ltd. launched hair & care oil in Serum, a product combining the nourishment of almond oil with the styling properties of a serum. This product is designed to control frizz and provide silky, smooth hair. The launch in regions like West Bengal, Orissa, Punjab, and Northeast India underscores the brand’s commitment to addressing regional market demands while ensuring accessibility and affordability. These developments illustrate the market's dynamic nature, where almond oil is emerging as a key ingredient in hybrid products that combine functionality and innovation.

On the contrary, Bajaj Consumer Care Limited expanded its portfolio in August 2023 by introducing Bajaj almond drops nourishing body lotion. This almond oil-enriched skincare product focuses on hydration and nourishment, thereby aligning with the growing consumer preference for natural and sustainable personal care items. Furthermore, these developments highlight the growing importance of almond oil as a versatile ingredient in the personal care industry. Meanwhile, the rising inclination towards natural and multipurpose products is significant, which is encouraging companies to invest in R&D and strategic launches. Overall, the market is fueled by increasing consumer awareness of the health and beauty benefits of almond oil, thereby positioning it as a key component in the evolving personal care market.

Global Almond Oil Market Statistics, By Region

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America dominates the almond oil market due to high consumer awareness regarding health benefits and increasing demand for natural and organic products.

North America Almond Oil Market Trends:

North America is the leading region in the market, driven by high consumer awareness and increasing demand for natural and organic products. In addition, the region's strong agricultural base, particularly in California, supports extensive almond production, ensuring a steady supply of raw materials. In February 2024, SunnyGem launched its 100% virgin, cold-pressed almond oil at Publix stores across North America. This product is made from premium California almonds and offers nutritional benefits like vitamin E and monounsaturated fats, catering to both culinary and skincare applications. Also, growing trends in wellness and the preference for high-quality oils further bolster North America's market leadership.

Europe Almond Oil Market Trends:

In Europe, the market is witnessing rising demand for organic and cold-pressed variants due to increasing consumer awareness of natural skincare. Moreover, countries like Germany lead in utilizing almond oil for luxury cosmetics and personal care products. Brands like Weleda promote its anti-aging and moisturizing properties, aligning with Europe's preference for clean beauty and sustainable ingredients in high-end applications.

Asia Pacific Almond Oil Market Trends:

Asia Pacific is experiencing significant growth in almond oil demand due to its application in Ayurveda and traditional medicine. In contrast, India leads the market, utilizing almond oil for hair and skincare remedies. For instance, companies like Dabur integrate almond oil into herbal products, aligning with the region's preference for natural and multipurpose health solutions, which continues to boost its domestic and export markets.

Latin America Almond Oil Market Trends:

In Latin America, almond oil is gaining traction in aromatherapy and therapeutic massage products, driven by wellness trends. Brazil is a key market, with its spa and wellness industry incorporating almond oil for its nourishing and anti-inflammatory properties. For example, local brands like Granado lead innovations in almond oil-based formulations, targeting consumers seeking natural solutions for relaxation and skincare.

Middle East and Africa Almond Oil Market Trends:

The Middle East and Africa see a growing demand for almond oil in halal-certified cosmetics and traditional practices. In the UAE, almond oil is incorporated into luxury products emphasizing hydration in arid climates. Also, brands like Hamdard offer almond oil-infused products catering to wellness and beauty, which reflects the region's focus on traditional yet modern natural remedies.

Top Companies Leading in the Almond Oil Industry

Some of the leading almond oil market companies include AOS Products Private Limited, Ashwin Fine Chemicals and Pharmaceuticals, Bajaj Consumer Care Ltd., Blue Diamond Growers Inc., Caloy Company LP, Dabur India Ltd., Eden Botanicals, ESI srl, Flora Manufacturing & Distributing Ltd., Liberty Vegetable Oil Company, and Mountain Ocean Ltd., among many others. In August 2023, Bajaj Consumer Care Limited launched Bajaj almond drops nourishing body lotion in the domestic market. Enriched with almond oil, the skincare product targets nourishment and hydration, expanding the company's almond-based offerings in the growing personal care segment.

Global Almond Oil Market Segmentation Coverage

• On the basis of the type, the market has been bifurcated into sweet almond oil and bitter almond oil, wherein sweet almond oil represents the most preferred segment. Sweet almond oil, known for its mild flavor and diverse applications, appeals to a wide range of consumers across industries.
• Based on the application, the market is categorized into food preparation, cosmetics, pharmaceutical, and others, amongst which cosmetics dominate the market. It is incorporated into skincare products like creams, lotions, serums, haircare formulations, shampoos, and conditioners.
• On the basis of the distribution channel, the market has been divided into supermarkets and hypermarkets, food specialty stores, pharmacy, cosmetic discounters, and others. Among these, cosmetic discounters exhibit a clear dominance in the market. Cosmetic discounters give consumers access to high-quality products at competitive prices, making the product more accessible to a wider audience.