Almond Powder Market Scope
The global almond powder market is expected to witness high growth in the near future due to the changing perception of health among consumers and growth in products catering to the health of sportspersons. Almonds are packed with vitamins, minerals, protein, and fiber, and are related to a number of health benefits. Almond powder is an excellent plant-based, grain-free option, and a good alternative for those who need or want to avoid soy protein and whey protein (dairy)
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Rolling Hills Nut Company (United States), Alldrin Brothers (United States), Treehouse California Almonds (United States), Oleander S.A. (Spain), Cannan Palestine, Shiloh Farms (United States), Hodgson Mill (United States), King Arthur Flour Company (United States), Barney Butter (United States), Bob's Red Mill (United States), Blue Diamond Growers (United States), Almondco Australia (Australia) and Borges Agricultural & Industrial Nuts (Spain) |
CAGR | 20.1% |
The global almond powder market is highly fragmented and dominated by the presence of a few prominent players. Moreover, the influx of various new players in global almond powder market is expected to intensify the competition during the upcoming years. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Almond Powder market throughout the predicted period.
Rolling Hills Nut Company (United States), Alldrin Brothers (United States), Treehouse California Almonds (United States), Oleander S.A. (Spain), Cannan Palestine, Shiloh Farms (United States), Hodgson Mill (United States), King Arthur Flour Company (United States), Barney Butter (United States), Bob's Red Mill (United States), Blue Diamond Growers (United States), Almondco Australia (Australia) and Borges Agricultural & Industrial Nuts (Spain) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Almond Powder market by Type , by Application (Household, Foodservice, Industrial and Cosmetic) and Region with country level break-up.
On the basis of geography, the market of Almond Powder 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In October 2019, Agribusiness and food company Olam International said Tuesday that it has entered into an agreement to acquire California-based almond processor and ingredient manufacturer Hughson Nut Inc. from APB Partners LLC The transaction has an enterprise value of USD 54 million.
In March 2022, Heritage Foods Limited has launched all-new Premium Badam Milk with real almond bits – the Badam Chargers
Influencing Trend:
Rapid Adoption of Almond Powder for Nutritional Benefits among Consumers
Market Growth Drivers:
Changing the Perception of Health among Consumers and The Growth on Demand for Gluten-Free Product
Challenges:
The Fluctuation of Raw Material Prices
Restraints:
High Cost of Almond Powder
Opportunities:
Increasing Adoption of Online Sales Platform by Various Players and Top Market Players are Investing Huge Amount in Research and Development Activities
Key Target Audience
Almond Powder Providers, Suppliers of Raw Materials, Wholesalers, Distributors, and Retailers of Almond Protein, Bakery Industry, Governmental Bodies, End-User and Others