About Almond Butter
Almond butter is a food paste, made from roasted or raw almonds. It is a rich source of unsaturated fats which are heart friendly. It also contains a high amount of vitamins, proteins, and minerals. Along with these properties, almond butter also contains the presence of omega-3 fatty acid that makes the almond butter a comprehensive health product. It is most commonly used as spreads on bread or dips for snacks. It is also used as a breakfast treat in many recipes like granola and pancakes. It is a hydrating, moisturizing and natural emollient making it ideal for use in massage, and it blends easily with essential oils.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.2% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Almond Butter 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.
Barney Butter (United States), Maranatha (United States), Futter's Nut Butters (United States), Once Again Nut Butter (United States), Dakini Health Foods (India), Cache Creek Foods (United States), Justin's Food Company (United States), Sokol & Company (United States) and The J.M. Smucker Company (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 Zinke Orchards (United States), Better Almond Butter (United States), Premier Organics (United States) and California Almonds (United States).
Segmentation Overview
AMA Research has segmented the market of Global Almond Butter market by Type (Raw Almond Butter and Roasted Almond Butter), Application (Residential and Commercial) and Region.
On the basis of geography, the market of Almond Butter 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). North America region held largest market share in the year 2023. If we see Market by Distribution Channel, the sub-segment i.e. Online retail will boost the Almond Butter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Expansion Of International Brands Benefiting From A Consumer Shift To More Natural Fats
Market Growth Drivers:
The High Nutritional Value Of Almond Butter And Other Health Benefits, Continuous Rise In Demand For Peanut Butter Substitute Products, Rising Market Demand For Natural Products Based Cosmetics And Skin Care Products, Change in Consumer Preferences and Increase in Disposable Incomes
Challenges:
High cost of almond butter.
Restraints:
Stringent Government Regulations and Healthy Alternatives to Almond Butter
Opportunities:
Product Innovation and Growing Demand in Developing Countries
Market Leaders and their expansionary development strategies
In September 2019, Once Again Nut Butter is expanding its lineup to include two new keto-friendly, organic blanched almond butter. Launching in September at Expo East, the products are the only blanched almond butter on the market and pack 7g of plant-based protein with just 1g of net carbs.
In June 2018, Barney Butter has announced the launch of the first naturally expeller pressed, single ingredient, almond butter powder. With 93% less fat as well as 75% fewer calories than traditional almond butter. The product brings consumers a new peanut allergy-safe alternative and the first Paleo-certified almond butter powder. and On 27 Feb 2018, Better Almond Butter, a United States leading brand has launched a new line of almond butter made from unpasteurized almonds from Spain. The company uses only sprouted almonds from an organic farm which are said to make more natural and nutritious almond butter.
Key Target Audience
Almond Butter Manufacturers, Almond Butter Traders/Distributors, Almond Butter Importer/Exporter, Regulatory & Government Bodies, Industry Association and Downstream vendors
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.