Almond Ingredients Market Is Expected To Grow Rapidly At $20.3 Billion By 2027: Financial Markets

Almond Ingredients Market by Application (Bakery, Confectionery, Milk Alternatives, Ice Cream, Snacks, Bars, Nut & Seed Butter, Cosmetics, RTE Cereals), by Type (Pieces, Flour, Whole, Milk, Paste, Extracts, Oil), Region, Global Industry Analysis, Market Size Share, growth, trends, and forecasts to 2027

NEWARK, NJ, May 30, 2022 (GLOBE NEWSWIRE) – According to the report published by Fior Markets, the global almond ingredients market is expected to grow from $9.2 billion in 2019 to $20.3 billion by 2027, at a compound annual growth rate of 10.4 % during the forecast period 2020-2027. Europe has the largest market share in the region, due to the widespread use of almond-based snacks, the huge demand for nutritious diets, concerns about the increasing rate of obesity in the population, and the health benefits derived from almonds. The North American market is also experiencing significant growth in the region, due to the increasing consumption of snacks and foods made with almonds. South and East Asia is also forecasting significant growth, due to increased consumption of baked goods and snack foods and increased per capita income.

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Some of the prominent players in the market are TREEHOUSE ALMONDS, SAVENCIA SA, Blue Diamond Growers, Russell Stover Chocolates, LLC, The Wonderful Company LLC, BORGES AGRICULTURAL & INDUSTRIAL NUTS, Kanegrade Ltd. , Sahale Snacks, Inc. , Barry Callebaut, Olam International, Archer Daniels Midland Company, and JOHN B. SANFILIPPO & SON, INC. , Jonny Almond Nut Company, Helios Ingredients, The Hershey Company, Royal Nut Company, Bob’s Red Mill Natural Foods, Sanitarium, Döhler, OLOMOMO Nut Company.

The application segment includes baked goods, confectionery, milk substitutes, ice cream, snack bars, nut and seed butters, cosmetics and ready-to-eat cereals. The snack and bar segment is expected to hold the largest market share, due to its nutritional value, which is a natural and healthy snack option. Based on type, the market is segmented into chunks, flour, whole, milk, paste, extracts, and oil. The whole almond segment is expected to see the largest share in the almond ingredients market, owing to its multifunctional attributes, and the increasing use of almonds as snacks, desserts, and bakeries.

The story continues

The factors driving the almond ingredients market are increasing demand for healthy snacks, technological advances, expansion and promotion of nut ingredients, and increasing preference for vegetarian and gluten-free diets. Nutritional benefits are also a factor driving the market. The factors restraining the market growth are the increase in sensitivity due to almonds, rapid change in trade policy, increasing demand for almonds leading to higher demand and supply, rising cost of almonds. The complexity in the supply chain of the almond ingredients market poses a challenge in the growth of the market. Hence, the market is expected to grow due to the huge demand for almond ingredients in the market.

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About the report:

The global Almond Ingredients market is analyzed on the basis of value (US$ billion). All sectors were analyzed on a global, regional and country basis. The study includes an analysis of more than 30 countries for each sector. The report provides an in-depth analysis of the driving factors, opportunities, restraints, and challenges to gain key insight into the market. The study includes Porter’s Five Forces Model, gravity analysis, raw materials analysis, supply, demand analysis, competitor website network analysis, distribution and marketing channels analysis.

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About Aswaq Fiore

Fior Markets is a futuristic market intelligence company, helping clients thrive on their business strategies and make better decisions using actionable intelligence. With a transparent set of information, we meet clients’ goals and obligations at a high level and target potential prospects with SWOT analysis and market research reports. Fior Markets publishes a wide range of regional and global market intelligence research reports including industries such as technology, pharmaceuticals, consumer goods, food and beverages, chemicals, media and materials, and many more.

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