About Almond Ingredients
Almonds are a source of copper, vitamin E, magnesium, and high-quality protein. Moreover, they also contain high levels of healthy unsaturated fatty acids along with high levels of bioactive molecules such as fiber, vitamins, phytosterols, minerals, and antioxidants, which may help prevent cardiovascular disease. Thereby, the demand for almond ingredients has been increased across the globe. Based on the type, the market has been bifurcated into whole almonds, almond pieces, almond flour, almond paste, almond milk, and others.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 20.3% |
Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Almond Ingredients market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Archer Daniels Midland Company (ADM) (United States), Olam International Limited (Singapore), Barry Callebaut Group (Switzerland), Blue Diamond Growers (United States), John B. Sanfilippo & Son (United States), Borges Agricultural & Industrial Nuts (Bain) (Spain), Savencia Fromage & Dairy (France), Kanegrade Limited (United Kingdom), The Wonderful Company (United States) and Harris Woolf California Almonds (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Treehouse California Almonds (United States), Royal Nut Company (Australia) and Döhler GmbH (United States).
Segmentation Overview
AMA Research has segmented the market of Global Almond Ingredients market by Type (Whole Almonds, Almond Pieces, Almond Flour, Almond Paste, Almond Milk and Others), Application (Snacks & Bars, Bakery & Confectionery, Milk Substitutes & Ice Creams, Nut & Seed Butters, RTE Cereals and Others) and Region.
On the basis of geography, the market of Almond Ingredients has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Online Sales will boost the Almond Ingredients market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Several important in almond ingredient industry
Market Growth Drivers:
Nutritional Benefits Offered By Almond Ingredients, Rapid Increase in Almond-Based New Product Launches and Growing Demand for Plant-Based Proteins & Beverages
Challenges:
Complexity in Supply Chain of Almond Ingredients Market
Restraints:
Growing Incidences of Almond Allergy among Consumers and Volatile Prices of Raw Materials
Opportunities:
Growing Demand from Asia Pacific Regions and Technological Advancements Enabling the Trade of Raw Materials
Market Leaders and their expansionary development strategies
In October 2019, Olam International has signed a purchase agreement to acquire a 100% interest in a leading California almond processor and ingredient manufacturer Hughson Nut Inc (HNI) and associated real estate assets from APB Partners at a total enterprise value of 54USD million.
In May 2019, Blue Diamond, the world's leading almond marketer and processor, has announced its expansion into the non-dairy yogurt alternative category with Almond Breeze Almondmilk Yogurt Alternative. This new plant-based yogurt alternative is rich, creamy, and comes by itself or paired with unique Blue Diamond almond toppings. With this exciting portfolio expansion, Blue Diamond continues to drive the dairy-alternative market forward to new heights.
Key Target Audience
Almond Ingredients Manufacturers, Almond Ingredients Raw Material Suppliers, Almond Ingredients Traders/Distributors, Almond Ingredients Importer/Exporter, Regulatory & Government Bodies, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.