Almond Ingredients Market Size and Growth Rate:

“The Global Almond Ingredients Market was valued around US$ 5.4 Bn by 2018 and growing at a significant CAGR of 10.2% over next seven years 2019-2025 due to increase in acceptance of almonds in snacks & processed food”

Almond Ingredients Market Growth Drivers and Restraints:

Nutritional benefits offered by almond ingredients, growing preference for online shopping, rising demand for plant based proteins & beverages, increase in acceptance of almonds in snacks & processed food, technological improvements in the field of biotechnology & food processing and rapid increase in almond-based new product launches by key players are some key factors fostering the market growth. However, factors such as volatile prices of raw materials and food safety issues are inhibiting the market growth. Further, high growth in emerging economies provides huge growth opportunity for thе market.

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Almond Flour Dominate the Global Almond Ingredients Market

Based on type, global almond ingredients market segmented into whole almonds, almond pieces, almond paste, almond milk, almond flour and others. Almond Flour held considerable market share during forecast period. Almond flour is made from ground almonds. This flour is gluten-free, low in carbohydrates, high in fiber and a high source of protein. It is a widespread substitute to traditional wheat flour. Its low in carbs, packed with nutrients and has a bit sweeter taste and has a group of fat-soluble compounds that act as antioxidants in body as it is commonly rich in vitamin E. Magnesium is another nutrient that's abundant in almond flour.
Europe Leads the Global Almond Ingredients market
PBI’s global Almond Ingredients market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. Europe accounted for higher revenue share in global almond ingredients market with considerable CAGR owing to increasing usage of almond-based snacks as they have huge health benefits and rising demand for natural & low-sugar ingredients. Increasing health awareness among European consumers due to high obesity rate is the other essential factor accountable for the market growth. In addition, Asia Pacific held significant market share throughout valued period as the key manufacturers are accepting numerous strategies for the development of the market in the region.

Strategic Expansions are the key strategies adopted by market players

Global Almond Ingredients market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For Instance, In January 2019, Blue Diamond Growers (US) expanded its processing facility in Turlock, California, US, to deliver innovative products and expand value-added product lines, worldwide.

Key player’s profiles in the report are Archer Daniels Midland Company (US), Olam International Limited (Singapore), Barry Callebaut Group (Switzerland), Blue Diamond Growers (US), John B. Sanfilippo & Son (US), Borges Agricultural & Industrial Nuts (Spain), Savencia SA (France), Kanegrade Limited(UK), The Wonderful Company (US), Harris Woolf California Almonds (US), Treehouse California Almond (US), Royal Nut Company (Australia) and Döhler GmbH (Germany).

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Detailed Segmentation of Almond Ingredients Market:

By Type
o Whole Almonds
o Almond Pieces
o Almond Paste
o Almond Milk
o Almond Flour
o Others

By Application
o Bakery & Confectionery
o Milk Substitutes & Ice Creams
o Nut & Seed Butters
o RTE Cereals
o Snacks & Bars
o Others

By Geography
o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East and Africa (MEA)

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