The growth of this market is attributed to the growing snack food industry, inclusions of health-based ingredients, companies rapidly launching almond-based products, associations and organizations promoting almond ingredients industry, and technological advancements enabling the trade of raw material. However, the soaring prices of raw material and instances of allergies toward tree nuts act as constraints to the growth of the almond ingredients market.
The snacks & bars segment is projected to account for the largest share in the almond ingredients market. Almonds are majorly consumed as a snack all around the world due to their nutritional benefits; additionally, consumers perceive them as a natural and healthy snack option. The organic and natural snacks food category is a growing category in supermarkets around the world. Due to these factors, the snacks & bars segment is projected to account for a larger market share in the almond ingredients market.
The whole almonds segment is projected to account for the largest share in the almond ingredients market. Natural whole almonds are very versatile and suitable for various applications such as snacks, confectionery, and bakery. Due to their multifunctional attributes, the demand for whole almonds is high. In addition, due to the increasing usage of almond as snacks, the market is expected to witness increased demand. t. These factors are responsible for the higher market share of whole almonds.
Europe is projected to account for the largest market share during the forecast period. The region is witnessing a growing trend in the usage of almond-based snacks due to the health benefits they offer. The rise in demand for high nutritious food and the concerns of a significant population with a high obesity rate have been some of the leading reasons behind the growth of this market over the past several years. The rising demand for natural and low-sugar ingredients in the region is also driving the almond ingredients market in Europe
Key market players include Archer Daniels Midland Company (US), Olam International Limited (Singapore), Barry Callebaut Group (Switzerland), Blue Diamond Growers (US), John B. Sanfilippo & Son (US), Borges Agricultural & Industrial Nuts (Spain), Savencia SA (France), Kanegrade Limited(UK), The Wonderful Company (US), Harris Woolf California Almonds (US), Treehouse California Almond (US), Royal Nut Company (Australia), and Döhler GmbH (Germany).
Key Questions Addressed by the Report
· What are the growth opportunities in the almond ingredients market?
· What are the major application areas for almond ingredients?
· What are the key factors affecting market dynamics?
· What are some of the major challenges and restraints that the industry faces?
Which region dominates the almond ingredients market, and which is the fastest-growing region?
1.1. Market Definition
1.2. Study Scope
1.3. Study Period
1.4. Market Stakeholders
2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Research Design
2.4. Data Validation
2.5. Limitations and Assumptions
3. Market Dynamics
3.1.1. Nutritional Benefits Offered By Almond Ingredients to Drive the Market
3.1.2. Rapid Increase in Almond-Based New Product Launches By Key Players
188.8.131.52. Product Innovations and Variations
184.108.40.206. Increase in Adoption of Almonds in Snacks & Processed Food
3.1.3. Growing Demand for Plant Based Proteins & Beverages
220.127.116.11. Growing Consumer Preference for A Vegan and Gluten-Free Diets
3.1.4. Associations & Organizations Promoting the Nut Ingredient Industry
3.2.1. Growing Incidences of Almond Allergy Among Consumers
3.2.2. Volatile Prices of Raw Materials
3.2.3. Food Safety Issues Along the Supply Chain of Almond Trading
3.2.4. Complexity in Supply Chain of Almond Ingredients Market
3.3.1. Growing Demand in the Asia Pacific Market
3.3.2. Potential for Diversification Into Other Application Sectors
3.3.3. Technological Advancements Enabling the Trade of Raw Materials
4. Executive Summary
5. Almond Ingredients Market, By Application
5.1. Snacks & Bars
5.2. Bakery & Confectionery
5.3. Milk Substitutes & Ice Creams
5.4. Nut & Seed Butters
5.5. RTE Cereals
6. Almond Ingredients Market, By Type
6.1. Whole Almonds
6.2. Almond Pieces
6.3. Almond Flour
6.4. Almond Paste
6.5. Almond Milk
7. Almond Ingredients Market, By Region
7.1. North America
7.2.6. Rest of Europe
7.3. Asia Pacific
7.3.4. Australia & New Zealand
7.3.5. Rest of Asia Pacific
7.4. South America
7.4.3. Rest of South America
7.5. Middle East & Africa
8. Company Profiles
8.1. Archer Daniels Midland Company (ADM)
8.2. Olam International Limited
8.3. Barry Callebaut Group
8.4. Blue Diamond Growers
8.5. John B. Sanfilippo & Son
8.6. Borges Agricultural & Industrial Nuts (Bain)
8.7. Savencia SA
8.8. Kanegrade Limited
8.9. The Wonderful Company
8.10. Harris Woolf California Almonds
8.11. Treehouse California Almonds
8.12. Royal Nut Company
8.13. Döhler GmbH
9. Conclusion and Recommendations
10.2. Related Reports