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Almond oil lends a uniquely nutty, toasty flavor to just about anything – from cakes, cookies and muffins to chips, popcorn snacks and breads. Add the rich, amaretto-like flavor of almonds to salad dressings or sauces using almond oil. Refined types of almond oil are best suited for frying or oven baking, whereas cold-pressed gives strong flavor without being heated.