According to the current analysis of Reports and Data, the Global Almond Ingredients Market was valued at USD 10.16 Billion in 2020 and expected to reach USD 21.72 Billion by the year 2028, at a CAGR of 9.80%. Almonds ingredients are accessible in varied forms such as milk, piece, and flour. The almonds ingredients are especially appropriate for gluten-intolerant consumers. They are supplemented with minerals, protein, and vitamins, also associated with numerous health benefits. The product possesses assets profitable for health, and a large number of persons consume them all over the globe. The inconsistent price is the major restraining factor in industry dynamics. Natural whole almonds are very handy and suitable for various applications such as snacks, confectionery, and bakery. Due to their multifunctional attributes, the demand for whole almonds is high.
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Besides, due to the rising usage of almonds as snacks, the market is expected to witness increased demand. These factors are accountable for the higher market share of whole almonds are due to the rising demand from customers for healthy snacks and healthy plant protein, the growth in new product applications and, therefore, the need for almond ingredients, particularly in the US, is driving the almond ingredient industry. Witnessing such rapid change in the demand, global food and agri-business, Olam International Limited (Olam), announced that it has acquired leading Californian almond processor and ingredient manufacturer Hughson Nut Inc (HNI) and associated real estate assets from APB Partners, LLC (APB). Olam is one of the world’s largest producers of almonds with orchards in both regions – in California and Australia, producing year-round fresh almonds to customers. The acquisition will give access to extensive processing capabilities of HNI, which will result in a fully integrated solution across the almond value chain from the US, including processed whole nuts and value-added ingredients, complementing similar capabilities in Australia and Vietnam. The newly commissioned ingredients processing plant, which also houses steam sterilization and pasteurization facilities
Some of the Leading Market Players Are Listed Below:
- Archer Daniels Midland Company (US),
- Olam International Limited (Singapore),
- Barry Callebaut Group (Switzerland),
- Blue Diamond Growers (US)
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Almond Ingredients market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Almond Ingredients market.
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Type (Revenue, USD Million; 2020–2028)
- Whole almonds
- Almond pieces
- Almond paste
- Almond flour
- Almond milk
Application (Revenue, USD Million; 2020–2028)
- Snacks bars
- Milk substitutes ice creams
- Bakery confectionery
- Nut seed butter
- RTE cereals
All enterprises involved in the processing, packaging, and distribution of raw food materials fall within the food and beverage sector. Fresh and packaged meals, as well as alcoholic and nonalcoholic beverages, are all included. Apart from drugs, this industry touches every product designed for human consumption.
As a result of the current economic depression caused by the Covid-19 outbreak, consumers are seeking to save as much money as possible. Consumers are doing so in a variety of ways, including buying more generic things and cooking their own meals instead of going out. As a result, food processing companies are getting more creative in order to reduce the cost of goods sold, attract more customers, and increase profit margins.
Obesity has a tremendous impact on the global food and beverage industry. The desire for healthful foods has grown, as has the demand for more detailed nutritional information. Companies have responded by launching lower-calorie foods and tightening control over how their brand is viewed in response to both of these changes. Companies want to be viewed as a healthy brand, thus they support activities that indicate this, such as youth sports. There has even been talk of levying a tax on foods linked to obesity to deter people from eating them.
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
The global Almond Ingredients market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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