Global Almond Ingredients Market, By Application (Snacks and Bars, Bakery and Confectionery, Nut and Seed Butters, RTE Cereals and Others), Type (Whole Almonds, Almond Pieces, Almond Flour, Almond Paste, Almond Milk and Others), Distribution Channel (Supermarket/Hypermarket, Convenience Store, Online Channel and Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Almond Ingredients Market
Data Bridge Market Research analyses that the global almond ingredients market will project a CAGR of 10.45% for the forecast period of 2021-2028. Growth and expansion of the food and beverages industries rise in the consumption of food and beverages as a result of ever-rising population, increasing personal disposable income and increased awareness about the benefits of almonds are the major factors attributable to the growth of almond ingredients market.
Almond is rich in fibre, protein, vitamin E and other nutritional components. Almonds have low calorific value and low cholesterol. Almond ingredients are available in a wide range of products via both online and offline distribution channels. There are a wide range of health benefits of consuming almonds such as boosting the immunity, regulating cholesterol and blood sugar levels, maintaining blood pressure, improving mental and much more. Even doctors recommend a handful of almonds for everyday consumption. However, young children or adults who have difficulty in swallowing must avoid consuming almonds in raw form. They should consume almonds in the form of products that are rich in almond ingredients.
Rising personal disposable income, shifting tastes and preferences for healthier food consumption and increasing demand for plant-based proteins, carbohydrates and minerals are the major factors fostering the growth of almond ingredients market. Nutritional properties offered by almond ingredients and growth and expansion of nut ingredients industry are some other factors acting as market growth determinants. Rising preference for gluten free and vegan food products will further create lucrative growth opportunities for the almond ingredients market.
However, fluctuations in the prices of almonds will pose a major challenge to the growth of almond ingredients market. The demand and supply gap for almonds would result in further accelerating the prices for almonds and almond ingredients. Rising cases of allergies and consumer intolerance to almonds or almonds ingredients will further derail the market growth rate.
This almond ingredients market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on almond ingredients market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Almond Ingredients Market Scope and Market Size
The almond ingredients market is segmented on the basis of application, type and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of application, the almond ingredients market is segmented into snacks and bars, bakery and confectionery, nut and seed butters, RTE cereals and others. Bakery & Confectionery is sub-segmented into bakery, confectionery, milk substitutes and ice creams.
- On the basis of type, the almond ingredients market is segmented into whole almonds, almond pieces, almond flour, almond paste, almond milk and others.
- On the basis of distribution channel, the almond ingredients market is segmented into supermarket/hypermarket, convenience store, online channel and others.
Almond Ingredients Market Country Level Analysis
The almond ingredients market is analyses and market size, volume information is provided by country, application, type and distribution channel as referenced above.
The countries covered in the almond ingredients market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Europe spearheads the almond ingredients market owing to the rising trend for consuming nutritious food items. High obesity rate in the region is also an important factor fostering the market growth in this region. Asia-Pacific is also set to project the highest growth rate during the forecast period. This means that the region will score the highest compound annual growth rate for the forecast period. This is because of the increased investment in this region by the major key players, rising awareness about the health benefits of almonds and rising demand for almond based food and beverage items.
The country section of the almond ingredients market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Almond Ingredients Market Share Analysis
The almond ingredients market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to almond ingredients market.
The major players covered in the almond ingredients market report are ADM, Royal Nut Company., TREEHOUSE ALMONDS, The Wonderful Company LLC., Kanegrade., SAVENCIA SA, BORGES AGRICULTURAL & INDUSTRIAL NUTS, S.A, JOHN B. SANFILIPPO & SON, INC., Blue Diamond Growers, Barry Callebaut, Olam International, Sahale Snacks, Inc., THE HERSHEY COMPANY, Russell Stover Chocolates, LLC., Sanitarium, Bob’s Red Mill Natural Foods., Döhler, OLOMOMO Nut Company. and Jonny Almond Nut Company. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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