| Product Code: ETC311607 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Singapore`s import trend for almond oil showed a growth rate of 3.25% compared to the previous year. However, the compound annual growth rate (CAGR) for 2020-2024 was -1.83%. This decline in CAGR may be attributed to shifting consumer preferences towards other types of oils or fluctuations in global almond oil prices impacting import volumes.
Singapore's Almond Oil market is anticipated to experience a growing growth rate of 6.04% by 2027, reflecting trends observed in the largest economy China, followed by India, Japan, Australia and South Korea.

Almond oil is a sought-after ingredient in the cosmetics and food industries due to its nutritional and skincare properties. In Singapore, the almond oil market is driven by the health-conscious consumer base and the demand for natural and organic products. The market may witness product innovations such as cold-pressed and organic almond oils, catering to the growing demand for high-quality ingredients.
The Singapore almond oil market is on the rise as consumers increasingly prioritize natural and organic skincare and haircare products. Almond oil is rich in vitamins and nutrients, making it a sought-after ingredient in the cosmetics and personal care industry. Additionally, the culinary sector is witnessing a growing trend of using almond oil for its health benefits, further driving demand. The market is also bolstered by the growing popularity of aromatherapy and massage oils.
The almond oil market in Singapore contends with challenges related to the global supply of almonds. Almonds are primarily grown in specific regions, and fluctuations in crop yields or environmental factors can impact supply and prices. Ensuring a stable supply chain and sourcing high-quality almonds is crucial for manufacturers. Furthermore, consumer demand for organic and cold-pressed almond oil adds complexity to product offerings, requiring additional certifications and quality standards.
The Singapore almond oil market, much like other sectors, was not immune to the impact of COVID-19. The pandemic disrupted supply chains, leading to delays in the import of almond oil from producing countries. Additionally, a shift in consumer behavior towards more essential products affected the demand for premium beauty and skincare products, where almond oil is often used as an ingredient. This resulted in a temporary slowdown in the almond oil market in Singapore. However, as the country gradually recovered from the initial shock of the pandemic and consumer confidence returned, the market showed signs of revival, with increasing interest in natural and organic products contributing to the recovery.
Key players in the Singapore almond oil market are NOW Foods, AOS Products, Mountain Ocean, Caloy, and Plimon. These companies offer almond oil products for skincare and culinary purposes.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Singapore Almond Oil Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Almond Oil Market Revenues & Volume, 2021 & 2031F |
3.3 Singapore Almond Oil Market - Industry Life Cycle |
3.4 Singapore Almond Oil Market - Porter's Five Forces |
3.5 Singapore Almond Oil Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Singapore Almond Oil Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Singapore Almond Oil Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Singapore Almond Oil Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer awareness about the benefits of almond oil for skincare and haircare |
4.2.2 Growing trend towards natural and organic beauty products |
4.2.3 Rising disposable income and changing lifestyles leading to higher spending on premium personal care products |
4.3 Market Restraints |
4.3.1 High cost of almond oil compared to other oils may limit mass market penetration |
4.3.2 Limited availability of locally produced almond oil, leading to dependence on imports |
5 Singapore Almond Oil Market Trends |
6 Singapore Almond Oil Market, By Types |
6.1 Singapore Almond Oil Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Singapore Almond Oil Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Singapore Almond Oil Market Revenues & Volume, By Sweet Almond Oil, 2021-2031F |
6.1.4 Singapore Almond Oil Market Revenues & Volume, By Bitter Almond Oil, 2021-2031F |
6.2 Singapore Almond Oil Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Singapore Almond Oil Market Revenues & Volume, By Food Preparation, 2021-2031F |
6.2.3 Singapore Almond Oil Market Revenues & Volume, By Cosmetics, 2021-2031F |
6.2.4 Singapore Almond Oil Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.2.5 Singapore Almond Oil Market Revenues & Volume, By Others, 2021-2031F |
6.3 Singapore Almond Oil Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Singapore Almond Oil Market Revenues & Volume, By Hypermarkets & Supermarkets, 2021-2031F |
6.3.3 Singapore Almond Oil Market Revenues & Volume, By Food Specialty Stores, 2021-2031F |
6.3.4 Singapore Almond Oil Market Revenues & Volume, By Pharmacy, 2021-2031F |
6.3.5 Singapore Almond Oil Market Revenues & Volume, By Cosmetic Discounters, 2021-2031F |
6.3.6 Singapore Almond Oil Market Revenues & Volume, By Others, 2021-2031F |
7 Singapore Almond Oil Market Import-Export Trade Statistics |
7.1 Singapore Almond Oil Market Export to Major Countries |
7.2 Singapore Almond Oil Market Imports from Major Countries |
8 Singapore Almond Oil Market Key Performance Indicators |
8.1 Number of new product launches containing almond oil in the skincare and haircare segments |
8.2 Growth in the number of specialty stores and online platforms offering almond oil products |
8.3 Consumer surveys indicating preferences for natural and organic ingredients in personal care products |
9 Singapore Almond Oil Market - Opportunity Assessment |
9.1 Singapore Almond Oil Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Singapore Almond Oil Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Singapore Almond Oil Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Singapore Almond Oil Market - Competitive Landscape |
10.1 Singapore Almond Oil Market Revenue Share, By Companies, 2024 |
10.2 Singapore Almond Oil Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |