Global Almond ingredients Market By Application (Snacks & Bars, Bakery & Confectionery, Nut & Seed Butters, RTE Cereals, Others), Type (Whole Almonds, Almond Pieces, Almond Flour, Almond Paste, Almond Milk, Others), Geography (North America, Europe, Asia-Pacific, Europe, South America and Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Almond Ingredients Market
Global almond ingredients market is undergoing with a healthy CAGR of 11.50% in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. The factors responsible for this growth in the market value are rise in consumption of food & beverage in the various developing regions and increasing awareness about nutritional benefits of almond
Market Definition: Global Almond Ingredients Market
Almond or prunus-dulcis consists of low in fat, calories and possess high nutrient content. The almond ingredients are especially suitable for gluten-intolerant consumers. They are enriched with protein, minerals, vitamins and fiber, also associated with numerous health benefits. Their health benefits include lowering blood pressure, controlling blood sugar and cholesterol levels and alleviating constipation, respiratory disorders and anaemia.
- Many nutritional benefits which is offered by almonds ingredients is driving its market
- Expansion and promotion of nut ingredient industry is also impacting the expansion of almond ingredients market
- Advancement in technology enabling the trade of raw material is also expected to expand the market
- Rising demand for healthy snacks among population will also act as a driver for this market
- Increasing preference for vegan and gluten- free diets will also act as a driver for this market
- High cost of almonds ingredients hampers the market growth
- Increasing allergies due to almond will also act as a restraint for this market
- Rapid changes in trade policy is also acting as market restraint
Global Almond ingredients Market Segmentation:
- Snacks & Bars
- Bakery & Confectionery
- Milk Substitutes & Ice Creams
- Milk Substitutes
- Ice Creams
- Nut & Seed Butters
- RTE Cereals
- Whole Almonds
- Almond Pieces
- Almond Flour
- Almond Paste
- Almond Milk
- North America
- Rest of Europe
- South Korea
- New Zealand
- Rest of Asia-Pacific
- South America
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
Key Developments in the Market:
- In February 2019, Blue Diamond Growers announced its partnership with Grupo Lala S.A.B. de C.V. which is a leading healthy and nutritious foods company. The partnership is formed for the sales and distribution of Almond Breeze, an almond-based beverage in Mexico. This will benefit Blue Diamond in providing efficient services, adding on product portfolio and gain competitive advantage.
- In January 2019, Blue Diamond Growers announced its expansion processing facility in Turlock, California. This new expansion will enable developing new product line and distribute the new almond product globally. Blue Diamonds determines to deliver healthiest almond products and its benefits across globe with such expansion in the market.
Global almond ingredients market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of almond ingredients market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global almond ingredients are Royal Nut Company, TREEHOUSE ALMONDS, The Wonderful Company LLC, Kanegrade Ltd., SAVENCIA SA, BORGES AGRICULTURAL & INDUSTRIAL NUTS, S.A; JOHN B. SANFILIPPO & SON, INC., Blue Diamond Growers, Barry Callebaut, Olam International, Archer Daniels Midland Company, Sahale Snacks, Inc., The Hershey Company., Russell Stover Chocolates, LLC, Sanitarium, Bob’s Red Mill Natural Foods, Döhler, OLOMOMO Nut Company., Jonny Almond Nut Company., Helios Ingredients and among others.
Research Methodology: Global Almond Ingredients Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Competitive analysis of key competitors involved in the market
- Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
- Market drivers and restraints analysis along with the analysis of the market structure