Global Almond Powder By Type (Blanched Almond Powder and Natural Almond Powder), Nature (Conventional and Organic), End User (Household, Foodservice, Industrial, Cosmetic and Others), Distribution Channel (Direct Sales, Convenience Stores, Departmental Stores, Specialty Stores, Online Retailers and Other Sales Channels), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, 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 Powder Market
Data Bridge Market Research analyses that the global almond powder market will project a CAGR of 4.00% for the forecast period of 2021-2028. Increasing personal disposable income, rising application of almond powder in a wide range of applications, and growing demand for food items with high nutritional content are the major factors attributable to the growth of almond powder market.
Almond powder is made out of a combination of natural almonds and blanched almonds. These almonds are grinded into fine powder form. Almond powder is high in protein content and other nutritional elements such as fibre, vitamin E, manganese, vitamin B2, magnesium, and phosphorus. Almond powder brings along a wide range of health benefits such as lowering the blood pressure levels, improving immunity, improving concentration, and maintains the overall health of brain.
Rising personal disposable income and increasing awareness regarding the health benefits of almonds, especially in the developing economies are the major factors fostering the growth of the almond powder market. Changing lifestyle, increasing levels of stress, and growth in the demand for gluten free products are other important factors acting as almond powder market growth determinants. Growing popularity of e-commerce platforms, growth, and expansion of e-commerce industry especially in the developing economies, and extensive application of almond powder by bakery and confectionary industry will further induce growth in the almond powder market value.
However, rising trend of homemade recipes will pose a major challenge to the growth of the almond powder market. A good chunk of population is allergic to the consumption of almonds, and this will further restrict the scope of growth for the almond powder market. The recent coronavirus outbreak has further adversely affected the demand and supply of almond powder.
This almond powder 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 the almond powder 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 Powder Market Scope and Market Size
The almond powder market is segmented on the basis of type, nature, end user, 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 type, the global almond powder market is segmented into blanched almond powder and natural almond powder.
- On the basis of nature, the global almond powder market is segmented into conventional and organic.
- On the basis of end user, the almond powder market is segmented into household, foodservice, industrial, cosmetic, and others. Industrial segment is sub-segmented into food and beverages, bakery, confectionary, dressings and condiments, sauces and spreads, ready meals, savory snacks, beverage processing, and others.
- On the basis of distribution channels, the almond powder market is segmented into direct sales, convenience stores, departmental stores, specialty stores, online retailers, and other sales channels.
Almond Powder Market Country Level Analysis
The almond powder market is analyses and market size, volume information is provided by country, type, nature, end user and distribution channel as referenced above.
The countries covered in the almond powder market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, 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).
Asia-Pacific dominates the almond powder market and will continue the excel its dominance during the forecast period owing to the rising urbanization, westernization, growth, and expansion of bakery and confectionary industry, changing lifestyle, and increasing personal disposable income. Rising awareness about the health benefits of almonds among the population will also create lucrative and remunerative market growth opportunities. Growing number of food processing companies is also fostering the market growth in this region.
The country section of the almond powder 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 Powder Market Share Analysis
The almond powder 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 adult almond powder market.
The major players covered in the almond powder market report are ADM, Royal Nut Company., TREEHOUSE ALMONDS, Blue Diamond Growers, Olam International, Russell Stover Chocolates, LLC., Bob’s Red Mill Natural Foods., OLOMOMO Nut Company., Jonny Almond Nut Company., Rolling Hills Nut Company, Alldrin Brothers, Oleander Bio, SA, Austrade Inc., Parchem fine & specialty chemicals., Anthony's Goods., Hodgson Mill., King Arthur Baking Company, Inc., Barney Butter, ALMONDCO AUSTRALIA LTD, and BORGES AGRICULTURAL & INDUSTRIAL NUTS, 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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