Almond Ingredients Market
Global Almond Ingredients Market Size, Share & Trends Analysis Report by Type (Whole Almonds, Almond Pieces, Almond Flour, Almond Paste, Almond Milk, and Others) and by Application (Bakery & Confectionery, Dairy, Sweet & Savory Snacks, and Others) Forecast Period (2021-2027)
The global almond ingredients market is anticipated to grow at a significant CAGR of 11.2% during the forecast period. Almonds have low calories and cholesterol and are rich in fiber, protein, and vitamin E. Consuming almonds improves immunity, regulates blood sugar levels, maintains blood pressure, and improves mental health. The rising consumer's interest in gluten-free and vegan diets will drive market growth. The growing health awareness in public is the major factor propelling the growth of the almond ingredients market as it is used in numerous food products, especially in bakery snacks due to its high nutrition values. The rising innovation and formulation of new food products which have a balanced diet of nutrition is another factor driving the market growth.
However, the fluctuating prices of almonds are a major restraining factor for the growth of the almond ingredients market. Additionally, the prevalence of tree nut allergies, including intolerance for almonds, is another restraining factor for the market growth. As per an estimation by the NCBI, 1.0% of the global population suffers from tree nut allergies.
Segmental Outlook
The global almond ingredients market is segmented based on type and application. Based on the type, the market is segmented into whole almonds, almond pieces, almond flour, almond paste, almond milk, and others. Based on application, the market is sub-segmented into the bakery& confectionery, dairy, sweet & savory snacks, and others.
Global Almond Ingredients Market Share by Type, 2020 (%)
The Whole Almond Segment Holds a Prominent Share in the Global Almond Ingredients Market
The whole almond segment holds the major share in the global almond ingredients market. Whole almonds are available in two forms- blanched and natural. The blanched-based whole almond is used in confectionery and bakery-based sweet products, while natural whole almond is used in flavored and roasted snacks. The whole almond is also being used by consumers for gifting during special occasions. The rising trend of gifting almond on special occasion is further contributing to the market growth.
Almond milk is one of the best substitutes for dairy milk. According to the National Institutes of Health, around 68.0% of the global population has lactose intolerance. Thus, it generates an opportunity for the almond milk industry to serve people with lactose intolerance. However, some of the other milk substitutes, like soymilk are much economical than almond milk.
Regional Outlooks
The global almond ingredients market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Rest of Europe), Asia-Pacific (India, China, Japan,and Rest of Asia-Pacific), and the Rest of the World (the Middle East and Africa, and Latin America).
Global Almond Ingredients Market Growth by Region, 2021-2027
Asia-Pacific to Exhibit Considerable Growth in the Global Almond Ingredients Market
Asia-Pacific is projected to exhibit a significant growth rate in the global almond ingredients market. The rising per capita income and growing public health awareness are the major factors attributing to the significant growth of the market. The increasing consumption of snacks and baked food is the major factor for the growth of the market there. North America holds a considerable share in the almond ingredients market. The increasing consumption of almond-based snacks and food is the major factor giving growth to the market in North America.
Market Players Outlook
The major companies serving the global almond ingredients market include ADM Co., Blue Diamond Growers, Borges Agricultural & Industrial NutsSA, John B. Sanfilippo & Son, and Royal Nut Co.among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, Olam International Ltd. had acquired Hughson Nut in December 2019 to expand their production capacity of almond ingredients to meet the rising market demand.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global almond ingredients market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Market Determinants
3.1. Motivators
3.2. Restraints
3.3. Opportunities
4. Market Segmentation
4.1. Global Almond Ingredients Market by Type
4.1.1. Whole Almonds
4.1.2. Almond Pieces
4.1.3. Almond Flour
4.1.4. Almond Paste
4.1.5. Almond Milk
4.1.6. Others (including Almond Oil, Sablages, Crocants, and Flavor Extract)
4.2. Global Almond Ingredients Market by Application
4.2.1. Bakery
4.2.2. Dairy
4.2.3. Confectionery
4.2.4. Sweet & Savory Snacks
4.2.5. Others
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. ADMCo.
6.2. Barry Callebaut Group
6.3. Blue Diamond Growers
6.4. Bob’s Red Mill Natural Foods
6.5. Borges Agricultural & Industrial Nuts SA
6.6. ConnOils LLC
6.7. Deep Nuts N Flavors LLP
6.8. Döhler GmbH
6.9. ETChem
6.10. Harris Woolf California Almonds
6.11. John B. Sanfilippo & Son
6.12. Jonny Almond Nut Co.
6.13. Kanegrade Ltd.
6.14. Modern Ingredients
6.15. Olam International Ltd.
6.16. Repute Foods Pvt. Ltd
6.17. Royal Nut Co.
6.18. Russell Stover Chocolates, LLC
6.19. Sahale Snacks, Inc.
6.20. Sanitarium
6.21. Savencia SA
6.22. Shivam Cashew Industry
6.23. The Hershey Co.
6.24. The Wonderful Co.
6.25. Treehouse California Almonds
6.26. Valley Harvest Nut Co
1. GLOBAL ALMOND INGREDIENTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
2. GLOBAL WHOLE ALMONDS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL ALMOND PIECES MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL ALMOND FLOUR MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL ALMOND PASTE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL ALMONDS MILK MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL OTHER TYPE OF ALMOND INGREDIENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL ALMOND INGREDIENTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
9. GLOBAL ALMOND INGREDIENTS FOR BAKERY MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL ALMOND INGREDIENTS FOR DAIRY MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL ALMOND INGREDIENTS FOR SWEET& SAVORY SNACKS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL ALMOND INGREDIENTS FOR OTHER APPLICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL ALMOND INGREDIENTS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
14. NORTH AMERICAN ALMOND INGREDIENTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
15. NORTH AMERICAN ALMOND INGREDIENTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
16. NORTH AMERICAN ALMOND INGREDIENTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
17. EUROPEAN ALMOND INGREDIENTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
18. EUROPEAN ALMOND INGREDIENTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
19. EUROPEAN ALMOND INGREDIENTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
20. ASIA-PACIFIC ALMOND INGREDIENTS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
21. ASIA-PACIFIC ALMOND INGREDIENTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
22. ASIA-PACIFIC ALMOND INGREDIENTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
23. REST OF THE WORLD ALMOND INGREDIENTS MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
24. REST OF THE WORLD ALMOND INGREDIENTS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
1. GLOBAL ALMOND INGREDIENTS MARKET SHARE BY TYPE, 2020 VS 2027 (%)
2. GLOBAL ALMOND INGREDIENTS MARKET SHARE BY APPLICATION, 2020 VS 2027 (%)
3. GLOBAL BAKERY& CONFECTIONERY MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
4. GLOBAL WHOLE ALMOND MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
5. GLOBAL ALMOND PIECES DAIRY MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
6. GLOBAL ALMOND FLOUR DAIRY MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
7. GLOBAL ALMOND PASTE MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
8. GLOBAL ALMOND MILK MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
9. GLOBAL OTHER TYPE OF INGREDIENT MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
10. GLOBAL DAIRY MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
11. GLOBAL SWEET& SAVORY SNACKS MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
12. GLOBAL OTHER MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
13. GLOBAL ALMOND INGREDIENTS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
14. US ALMOND INGREDIENTS MARKET SIZE, 2020-2027 ($ MILLION)
15. CANADA ALMOND INGREDIENTS MARKET SIZE, 2020-2027 ($ MILLION)
16. UK ALMOND INGREDIENTS MARKET SIZE, 2020-2027 ($ MILLION)
17. FRANCE ALMOND INGREDIENTS MARKET SIZE, 2020-2027 ($ MILLION)
18. GERMANY ALMOND INGREDIENTS MARKET SIZE, 2020-2027 ($ MILLION)
19. ITALY ALMOND INGREDIENTS MARKET SIZE, 2020-2027 ($ MILLION)
20. SPAIN ALMOND INGREDIENTS MARKET SIZE, 2020-2027 ($ MILLION)
21. REST OF EUROPE ALMOND INGREDIENTS MARKET SIZE, 2020-2027 ($ MILLION)
22. INDIA ALMOND INGREDIENTS MARKET SIZE, 2020-2027 ($ MILLION)
23. CHINA ALMOND INGREDIENTS MARKET SIZE, 2020-2027 ($ MILLION)
24. JAPAN ALMOND INGREDIENTS MARKET SIZE, 2020-2027 ($ MILLION)
25. REST OF ASIA-PACIFIC ALMOND INGREDIENTS MARKET SIZE, 2020-2027 ($ MILLION)
26. REST OF THE WORLD ALMOND INGREDIENTS MARKET SIZE, 2020-2027 ($ MILLION)
