DUBLIN, May 3, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Almond Oil Market 2017-2021" report to their offering.
The global almond oil market to grow at a CAGR of 12.62% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global almond oil market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is growing preference for online shopping. With the growth of e-commerce businesses worldwide, the vendors have the potential to increase their profitability; e-commerce accounts for approximately 12% of the world's retail trade. Online and e-commerce channels support both business-to-business (B2B) and business-to-consumer (B2C) operations.
Further, the report states that one challenge in the market is low awareness rate. The lack of awareness about essential oils is restricting the growth of the market. The popularity of major essential oils like almond oil is mostly limited to North America and Europe, while in APAC, Africa, and the Middle East, its penetration rate is low. In most developing nations in these regions, the penetration of almond oil is low owing to the low affordability and awareness in these regions. Also, the people here are reluctant to purchase the product as it is not considered to be a necessity. Also, the product visibility and availability are low, attributed largely to the poor distribution network.
According to the report, one driver in the market is increasing availability in modern retailing channels. Organized retailers have grown worldwide with the establishment of supermarkets, hypermarkets, and specialty stores. Essential oils such as almond oil are primarily sold by large organized retailers, as vendors in the market are highly dependent on large organized retailers. Supermarkets is a major distribution channel that supplies essential oils such as almond oil. Given the rise in population, the demand for these supermarkets is also growing.
- Frontier Natural Products (Aura Cacia)
- Oil Seed Extractions
Other prominent vendors
- Grupo Plimon
- Huiles Bertin
- Humco Compounding
- K. K. Enterprise
- Mountain Ocean
- NOW Foods
- Provital Group
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market segmentation by product
Part 06: Market segmentation by application
Part 07: Geographical segmentation
Part 08: Key leading countries
Part 09: Decision framework
Part 10: Drivers and challenges
Part 11: Market trends
Part 12: Vendor landscape
Part 13: Key vendor analysis
Part 14: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/rfpwrb/global_almond_oil
Laura Wood, Senior Manager
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SOURCE Research and Markets