Global Almond Ingredients Market to Reach US$ 33.43 Bn by 2029
The global Almond Ingredients market is projected to reach US$ 33.43 Bn by the end of 2029. The market was valued at US$ 12.6 Bn in 2019. If these figures hold true, the market will exhibit a CAGR of 10.3% between 2019 and 2029. Rising interest towards healthy and nutrition rich products is boosting demand for almond ingredients market. The rising incidence of pandemic in developed and developing countries has impacted consumers’ behaviour significantly. They are looking for more nutrition rich food items and this will have positive impact on the demand witnessed in the almond ingredients market.
KEY RESEARCH FINDINGS
- The market was valued at US$ 12.6 Bn in 2019.
- North America and Europe continue to be leading markets for almond ingredients. However, during the forecast period, Asia Pacific would emerge as a more attractive market.
- Consumers are adopting a healthy lifestyle. Demand for food with better health benefits has thus surged. This is likely to have a positive impact on the overall market.
- Health benefits of almond ingredients like low blood pressure, controlling blood sugar and cholesterol levels and alleviating constipation are enabling growth in the growth of the almond ingredients market.
- High cost of almonds, increasing allergies and rapid changes in trade policy are the factors hampering the market growth.
- Advancements of technology enabling the trade of raw materials for procurement of almond ingredients, expansion and promotion of nut ingredients market is impacting the demand of the market.
- Multi-nutritional attributes of almonds are pulling the consumers interest towards consumption of almond ingredients and thus increasing the demand of the
KEY FACTORS SHAPING ALMOND INGREDIENTS MARKET
Health-conscious Consumers Offer Lucrative Prospects
Growing awareness of health benefits of almost as an ingredient in convenience food & beverage products is a major factor for growth of the almond ingredients market. Amid the ongoing COVID-19 pandemic consumers are increasingly opting for food & beverage products with enhanced nutritional value. Almond ingredients are rich in healthy fats, protein, minerals, and vitamins. The naturally found dry fruit has medicinal value that reduces stress, and acts as an effective antioxidant, immune stimulant, and lipid lowering laxative. Such health benefits coupled with increasing consumer preference for healthy food will continue to generate remunerative opportunities.
Innovative Application Areas Emerge
Research and development of cost effective methods to produce innovative food & beverage products with almond ingredients is another major factor that drives growth. For instance, almond milk is gaining traction from an increasing number of millennial consumers. Industrial automation, and resource effective extraction methods will further the adoption of almond ingredients. Innovative applications of almonds in snacks and energy bars, bakery, and confectionary items will continue to drive demand for market players.
COVID-19 Impact Analysis on Market
One of the key impacts of the spread of coronavirus is that it has slowed down the shipments to ports in China. This could make products with almond as a key ingredient cheaper in the U.S. China is one of the biggest buyers of almonds from the U.S., with a lesser number of workers available in Chinese ports to retrieve shipments, almond growth in North America may soon have a surplus of almonds. This could invariably lower the retail price of almond products and ingredients in the U.S. market. As a result, the overall demand of the almond ingredients market will be remarkably affected.
ALMOND INGREDIENTS MARKET STRUCTURE ANALYSIS
Major players in the almond ingredients market are investing heavily in capacity expansion and cost efficient production of almond ingredients. Research and development of high-quality extraction processes will emerge as a differentiating factor for market players during the forecast period.
Base year considered
Actual estimates/Historical data
2015 – 2019
2019 – 2029
Value (USD) Bn
Product Type, Application, Form and Region
North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA
Cargill (US), Archer Daniels Midland Company (US), DowDuPont (US), Glanbia Plc (Ireland), Kerry Group (Ireland), Tate & Lyle PLC (UK), Ingredion Incorporated (US), Burcon NutraScience Corporation (Canada), Royal DSM N.V, (Netherlands), Sotexpro S.A. (France), Axiom Foods (US), and The Scoular Company (US)
Revenue forecast, company share, competitive landscape, growth factors, and trends
Rise in Demand for Healthy and Nutritive Snacks intake will Fuel Demand for Almond Ingredients
Consumers are looking for nutrition rich and healthy food items to help them stay fit and stave off risk of diseases. Therefore, they are choosing snacks that are rich in nutritive values. Their change in preference will in turn improve the sales of almond ingredients. Nowadays consumers are locked in a busy lifestyle and have little time to invest in cooking healthy food at home. Since snacking and gorging on comfort food have emerged as a more viable option, they are likely to look for healthier options in these items. Their interest to stay fit they are making them adopt healthy eating habits. Almonds are rich in minerals, vitamins, protein and are fibrous food. They are associated with numerous health benefits. Rising awareness about this has led to increasing demand for almond rich snacks in their daily routine. Furthermore, due to change in consumer demand, almond ingredients are increasingly used in bakery and confectionery, snacks and bars, nuts and seed butter, dairy products and other applications.
Growing Demand of Whole Almond Due to Their Multifunctional Attributes is Impacting Growth Positively
Among different types of almond ingredients, whole almond are most famous due to their various application as snack, bars, confectionery, bakery and other desserts. Almonds are multi-nutritional ingredient consumed widely among consumers as snacks and nutritional bars as consumed by consumers going to gym and focused towards body building. These factors are contributing in growing demand for snacks segment of almond ingredients market globally.
* This data is only a representation. Actual data may vary and will be available in report.
Rising Awareness among Consumers will Stoke Growth Opportunities
The rising awareness about almond and related food products and their impact on human health among consumers will drive almond ingredients market. In addition to this, rising disposable income and rising purchasing power of consumers in developed markets will boost sales witnessed in the market. Despite this, almond prices often fluctuate and this is common across the world. Volatility in almond price could restrain the growth to an extent. Furthermore, the demand for almond is growth at an unprecedented pace, creating demand and supply gaps, which could negatively impact the market’s overall growth prospects.
Whole Almond segment holds largest market share
Almond milk segment is growing with higher rate of growth
Snacks and bars segment holdslargest share
Bakery and confectionery if growing at higher rate
How Growth will Unfold
Europe has emerged as a leading market for almond ingredients since consumers in the region are exhibiting high demand for food with health benefits. The rising consumption of almond-based snacks and bakery food is also expected to boost the market in Asia Pacific. The Asia Pacific market is expected to grow at a faster pace than other regions. Consumers are ready to spend on healthy food items due to their increased purchasing power. On the downside, prevalence of almond allergy or intolerance is rising among consumers, which could negatively impact the overall market.
Nonetheless, steadily rising demand from bakery and confectionary, dairy products, snacks and bars and others segments.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
Custom Market Research Services
FMI offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.
Almond Ingredients Market: Global Industry Analysis 2015-2019& Opportunity Assessment 2020-2030
A recent market study published by Future Market Insights on the Almond Ingredients Market offers global industry analysis for 2015-2019& opportunity assessment for 2020-2030. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters of the Almond Ingredients Market, the growth prospects of the market are obtained with maximum precision.
Almond Ingredients Market Taxonomy
The global Almond Ingredients Market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Whole Almond
- Bakery and Confectionary
- Snacks and Bars
- Dairy Products
- Nuts and Seed Butter
- North America
- Latin America
- East Asia
- South Asia
The executive summary of the Almond Ingredients Market includes the market proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global Almond Ingredients Market.
Readers can find the detailed segmentation and definition of the Almond Ingredients Market in this chapter, which will help them understand basic information about the Almond Ingredients Market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the Almond Ingredients Market report.
The associated industry assessment of the Almond Ingredients Market is carried out in this section. The macroeconomic factors affecting growth of the Almond Ingredients Market are provided in this section and the impact of these macroeconomic indicators on the Almond Ingredients Market is analysed. The processing overview and technological advancements in the Almond Ingredients Market is also provided.
Profit margins at each level of the Almond Ingredients Market are analysed and readers can find detailed information on top importers and exporters as well as the value chain of the Almond Ingredients Market.
The drivers and restraints impacting the growth of the Almond Ingredients Market are explained in this chapter. Opportunities and ongoing trends in the Almond Ingredients Market are also comprehensively discussed.
This chapter includes detailed analysis of the historical Almond Ingredients Market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030). Readers can also find the absolute $ opportunity for the current year (2019 - 2020) and incremental opportunity for the forecast period (2020-2030).
Based on Type, the Almond Ingredients Market is classified into, Whole Almond, Pieces, Flour, Milk, Paste, Oil, and Others. This part also offers market attractiveness analysis based on Type.
Based on Application, the Almond Ingredients Market is classified into Bakery and Confectionary, Snacks and Bars, Dairy Products, Nuts and Seed Butter, and Others. This part also offers market attractiveness analysis based on Application.
This chapter explains how the Almond Ingredients Market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East and Africa.
This chapter includes a detailed analysis of the growth of the Almond Ingredients Market in North America, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on end users and countries in the North America region.
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the Almond Ingredients Market in Latin America. This chapter also includes growth prospects of the Almond Ingredients Market in leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.
Important growth prospects of the Almond Ingredients Market based on its end users in several countries such as Germany, U.K., France, Italy, Spain, BENELUX, Nordic, Russia, Poland, and the Rest of Western Europe are included in this chapter.
In this chapter, readers can find information about key trends and developments in the key countries of South Asia such as India, Thailand, Malaysia, Indonesia, Singapore, and Rest of South Asia Almond Ingredients Market.
This chapter includes a detailed analysis of the growth of the Almond Ingredients Market in the East Asia region, along with a country-wise assessment that includes, Japan, China, and South Korea. Readers can also find regional trends, regulations, and market growth based on end users and countries in the APEJ region.
This chapter offers insights into how the Almond Ingredients Market is expected to grow in major countries in the Middle East region such as Australia and New Zealand, during the forecast period 2020-2030.
This chapter contains information about the market growth of Almond Ingredients in Middle East region such as GCC Countries, South Africa, North Africa, and the Rest of Middle East, during the forecast period 2020-2030.
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the Almond Ingredients Market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of leading manufacturers in the Almond Ingredients Market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Archer Daniels Midland Company, Olam International Limited, John B. Sanfilippo & Son, Barry Callebaut Group, Blue Diamond Growers, Borges Agricultural & Industrial Nuts, The Wonderful Company, Döhler GmbH, Royal Nut Company, Kanegrade Limited, and Others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Almond Ingredients report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the Almond Ingredients Market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- Dieticians Association
- Food and Agriculture Organization
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits