What is Almond Nut Market Scope?
Almond is a nut. It is widely cultivated in California. In the current market situation, India is the leading importer of Almond from California. China and Spain are leading consumer of the almond in recent times. Almond consumption is seeing strong growth in India because of rising health-conscious middle-class. Around California accounts, 80 percent of the world’s almond production, from that 33 percent is consumed in the United States and Canada, and rest 67 percent is exported to 90 countries. Most of the California almonds are produced in San Joaquin and Sacramento. There are many varieties of almonds which is commercially grown. It is majorly classified as Nonpareil, Butte, and Mission, it defines with respect to its size and shape.
Influencing Trend:
Advancement in Production Technology and Rapid Adoption of Almond Powder for Concern of Nutritional Benefits among Consumers
Market Growth Drivers:
Rising Health Conscious Majorly In India Region, Rapid Increase in Almond-Based New Product Launches and Rising Demand for Plant-Based Proteins & Beverages
Challenges:
Complexity in Supply Chain of Almond Ingredients Market
Restraints:
Growing Incidences of Almond Allergy, High Production Cost and Fluctuation in Economy
Opportunities:
Growing Demand from Asia Pacific Regions Majorly In India and China and Increasing Adoption of Online Sales Platform by Leading Players
The Almond Nut market study is being classified by Type (Seasoned Almonds, Marcona Almonds and Naturals Almonds), by Application and major geographies with country level break-up.
The global almond nut market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability. Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Almond Nut market throughout the predicted period.
Wonderful Pistachios & Almonds (United States), Blue Diamond (United States), Panoche Creek Packing (United States), Spycher Brothers (United States), Select Harvest (Australia), Mariani Nut Company (United States), Waterford Nut Co (United States), Treehouse (United States), Belehris Estates (Australia) and California Gold Almonds (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Hilltop Ranch (United States), The Almond Company (United States), D.V.Enterprise (United States), Harris Woolf California Almonds (United States), Patrocinio Lax (Spain) and Sran Family Orchards (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Almond Nut market by Type, Application and Region.
On the basis of geography, the market of Almond Nut 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).
Market Influencers and their Development Strategies
In Oct 2019, Olan International announced the acquisition of Hughson Nut for the expansion of almond ingredients capacity. Through this, the company enhances its solution across the Almond value-chain in the United States.
In June 2023, Blue Diamond Grower launched new product line that is hitting the snack nuts aisle in May: Thin Dipped Almonds. This launch helped company of expand its presence in almond nut market
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Almond Nut Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Almond Nut Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Almond Nut Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Almond Nut industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.