Global Almond Products Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Almond Products Market” report, is a recent report generated by the research team at MarketResearch.biz. The global almond products market report has been segmented on form, application, and region. For production of this report, a thorough and exhaustive study was conducted of the global market in order to ascertain every aspect in the target market and enable a confident presentation of all findings.
Almond is a versatile nut that offers various health benefits to consumers. Almonds are considered an essential requirement in a person’s diet owing to nutritional benefits. Almonds contain vitamin E, and nuts are very low in cholesterol and sodium, are a good source of iron, riboflavin, zinc, magnesium, and manganese. Almonds are used for producing various almond-based products, including shakes, chocolates, yogurts, almond oil, almond cream, almond butter, flour, biscuits, hair care, skin care, and cosmetics products, and more.
Increasing demand for natural based products in cosmetics and personal care products is projected to support growth of the global almond products market in the near future. Increasing demand for almonds in for bakery and confectionary products in developed and developing countries is another factor projected to drive growth of the global almond products market. In addition, growing consumer awareness regarding nutritional and medical benefits related, rapidly increasing applications in nutritional and pharmaceutical sectors, and growing food & beverages sector are among other factors projected to drive growth in terms of revenue in the target market.
However, high cost of almond products and availability of alternate products in the market are among some of the key factor expected to act as restraints to growth of the target market to a certain extent.
Among the form segments, the powdered segment is projected to account for major revenue share in the near future. Increasing use of almond powder in various industries such as pharmaceuticals, cosmetics, and food and beverage is estimated to drive growth of this segment.
Among the application segments, the beverage segment is projected to account for significantly higher revenue share contribution in the target market. Increasing demand for medicines with natural ingredients among consumers in developing economies is projected to drive growth of this segment.
The North America almond products market is projected to register major revenue share in the global market in the coming years. Increasing adoption of almonds and related products in pharmaceuticals and cosmetics industries, owing to growing consumer awareness regarding advantages of almond is a factor fueling growth of the global almond products market in the North America region.
The Europe market is projected to account for significant revenue share in the target market. Presence of major dairy farms, higher spending power, and increasing consumption of dairy products in France, Germany, and the UK are among some of the key factors projected to drive growth of the market in the Europe region. The market in Asia Pacific is expected to account for significant growth rate, owing to increasing population, growing awareness about almond-based products, and rising expanding food & beverage industry. In addition, rapid urbanization, and rising demand for almond products from emerging economies such as China and India are factor projected to drive growth of the global market in the Asia Pacific region.
Global Almond products market Segmentation:
Segmentation by form:
- Raw nuts
Segmentation by application:
- Bakery and Confectionary
- Personal Care
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Blue Diamond Growers, Inc.
- Sahale Snacks, Inc.
- Snack Foods Limited
- Olam International Limited
- Archer-Daniels-Midland Company
- Kanegrade Limited
- Kerry Group plc
- The Hershey Company
- Russell Stover Chocolates, LLC
- Honeyville Food Products, Inc.
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