Almond Protein Market

Almond Protein Market - Notable Developments

Some of the key players operating in the almond protein market include Blue Diamond Ingredients, Noosh Brands, Almond Pro Foods, InovoBiologic Inc., Sabinsa Corporation, and BASF.

• In November 2019, Almond Pro Foods announced the launch of its newest non-dairy powdered coffee creamer made from California almonds and accented with ethically sourced coconut milk powder. The product is first of its kind that delivers vegan, keto-friendly, paleo, and gluten-free option to all coffee drinkers.
• In December 2018, Noosh Almond Protein Powders made their retail debut at The Vitamin Shoppe, an omni-channel retailer of nutritional products. Noosh, a plant-based product company, is the first brand to produce and manufacture protein powder derived from whole California-grown almonds.
• In July 2018, Blue Diamond Ingredients announced the launch of Almond Protein Powder, the company’s newest innovation in almond ingredients – representing its first foray into functional ingredients. Blue Diamond Almond Protein Powder is claimed to set a new industry standard for clean, healthy, and plant-based ingredients.

Key Factors Shaping Almond Protein Market

• Rapid Emergence of High-protein Trend

  As consumer demand for food with high protein profile accelerates, manufacturers are seeking points of differentiation to stand out in what is becoming a crowded marketplace. This, in turn, is expected to offer tailwinds to the growth of the almond protein market. Today, protein fortification is encroaching in everything from snacks to pasta to frozen ready meal. With food manufacturers targeting to piece together disparate health and cultural factors influencing consumption, key players in the almond protein market should be looking at a period of sustained demand.

• Rise of Vegan Culture

  Mounting concerns over animal welfare among a growing number of consumers worldwide has resulted in the rise of vegan culture. The trend of veganism and vegetarianism is weighing on same scale as growing demand for plant-based food ingredients, and plant-based proteins are no exception. These trends have further inundated the food industry with numerous products ranging from plant-based meat to plant-based ice creams. This, in turn, is expected to boost application scope of almond proteins. In addition, several challenges associated with other plant-derived ingredients such as texture challenges from pea protein, gluten intolerance and allergic reaction to soy are putting the spotlight on almond protein.

• Optimal Sensory Profile

  As majority of consumers rank taste and flavor as the most important properties influencing their purchase intent, protein snacks are plant-based protein beverages are required to meet taste expectations. In addition to strong consumer perception of ‘heart healthy’, the leading advantage of almond protein is its ideal sensory profile that wins purchasing decisions of consumers. Owing to neutral taste and texture profile, almond proteins are being used in a variety of protein ingredient blends. Moreover, it requires no masking agents, thereby allowing ‘clean’ ingredient statement. With increasing consumers’ inquisitiveness about food and their sourcing, the demand for almond protein is expected to grow from strength to strength in near future.

• Technological Advancements in Almond Farming Methods

  As more studies continue to validate health and nutritional benefits of almond and desire for healthier foods and snacks grows among consumers to counter increasingly prevalent lifestyle diseases, almond protein is projected to witness high demand. Increasing adoption of automated management process and scientific approach to planting almonds will remain key to increasing the production for almond proteins to sustain to ever-increasing demand. Furthermore, advancements in automated processes will not only reduce management costs but also price of final products, which in turn will attract huge attention from consumers, especially in low- and mid-income countries.

The report covers exhaustive analysis on:

• Almond Protein Market Segments
• Market Dynamics
• Almond Protein Market Size
• Supply and Demand
• Current Trends/Issues/Challenges pertaining to almond protein market
• Competition Landscape and Emerging Market Participants in Almond Protein Market
• Technology related to Production/Processing of Almond Protein
• Value Chain Analysis of the Almond Protein market

The regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
• East Asia (China, Japan, South Korea)
• South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
• Oceania (Australia, New Zealand)
• Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on almond protein market segments and geographies.