Global Almond Butter Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2019–2028
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“Global Almond Butter Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global almond butter market report has been segmented as per product, application, distribution channel and region.
Global Almond Butter Market: Overview
Almond butter is food paste, manufacture from roasted or raw almonds. Almond butter is rich sources such as unsaturated fat that are heart friendly. Also it contains high amount of proteins, vitamins and minerals. The taste of almond butter is slightly sweet, mild roasted almond flavor and some of the manufactures make almond butter from blanched almonds so it tastes like peanut butter which is easy for digestion. It offers creamy and smooth texture. Almond butter is available in various flavors and textures.
Global Almond Butter Market: Dynamics
Almond butter has high nutritional value such as high amount of potassium, iron, monounsaturated fats, manganese and calcium is beneficial to health. In addition, almond butter is a rich source of copper, riboflavin, phosphorus, magnesium, vitamin E and fiber. These are factors expected to drive growth of the global almond butter market. Moreover, growing demand for alternative of peanut butter at low cost is another major factor to drive growth of target market.
Moreover, almond butter has a property that it can blend easily with essential oils, hydrating, moisturizing and natural emollient making it vital part to be used in massage. Furthermore, growing demand for natural products in cosmetics and skin care products is expected to drive growth of the global almond butter market. Availability of vitamins in almond butter such as vitamin A, B, E which is essential in manufacturing of lotions and creams to increase their emollience and to make them extra rich almond butter is added to body care products which is expected to boost the target market growth.
However, the high cost and high fat of almonds and availability of alternatives are factors expected to hamper growth of the global almond butter market.
Global Almond Butter Market: Segment Analysis
Among the application segments, the food industry segment is expected to be largest segment in the global almond butter market in term of revenue. Increasing awareness about health issues and availability of high proteins, vitamins, minerals, potassium, iron, monounsaturated fats, manganese and calcium which is beneficial to health in almond butter are major factors expected to boost demand of almond butter in the food industry.
Among the product segments, the organic segment is expected to be largest segment in global almond butter market. Raw organic almonds can be protected from heat so that the nutritional contents remain unharmed.
Global Almond Butter Market: Region Analysis
North America market is projected to account for moderate revenue share in the global market. The Asia Pacific market is projected to register fastest revenue growth. Rising consumption of almond butter and increasing adoption in cosmetics industry in countries such as India and China is expected to drive growth in Asia Pacific market. In addition, increasing investment in the food industry by some of the major player is another factor expected to drive growth of the target market in this region.
Global Almond Butter Segmentation:
Segmentation by Product:
- Raw Almond Butter
- Roasted Almond Butter
Segmentation by Application:
- Food Industry
- Cosmetics Industry
Segmentation by Distribution Channel:
- Online Stores
- Convenience Store
- Departmental Stores
Segmentation by Region:
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Barney & Co. California, LLC
- Futters Nut Butters
- Once Again Nut Butter
- Dakini Health Foods
- Cache Creek Foods
- Sokol & Company
- The J.M. Smucker Company
- Heartland Nuts 'N More
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