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Almond Ingredients Market: By Type, By Application and Region Forecast 2019-2030
Almond Ingredients Market: By Type, By Application and Region Forecast 2019-2030
Almond Ingredients Market size was valued at US$ 9.25 billion in 2023 and is poised to grow at a significant CAGR of 9.8% from 2024-2030. Some of the key factors influencing the market growth include growing demand for plant-based proteins & beverages, nutritional benefits offered by almond ingredients, increase in acceptance of almonds in snacks & processed food, growing preference for online shopping, technological advancement in the field of biotechnology & food processing and rapid increase in almond-based new product launches by key players. However, volatile prices of raw materials and food safety issues are the major factors hindering market growth.
Owing to their many uses, almond components are highly sought. These days, almonds are frequently utilized in cereals, baked goods, and snacks. Owing to their many health benefits, almond ingredients are growing in popularity among consumers. Due to almond's excellent flavor and taste satisfaction, manufacturers are encouraged to use almond components in their products. Commercial almond ingredients can be found in drinks, yogurt, baked items without gluten, and spreads.
Study Period
2024-2030Base Year
2023CAGR
9.8%Largest Market
EuropeFastest Growing Market
Asia Pacific
Almonds are the eatable seeds of Prunus dulcis, more usually termed as the almond tree. They are extremely nutritious and rich in fats, vitamins, healthy antioxidants, and minerals. Almonds are rich in nutrients like poly-unsaturated fatty acids (PUFAs), mono-unsaturated fatty acids (MUFAs), and dietary fibers. They are also a fantastic source of antioxidants. These antioxidants tend to build up in cell membranes in body, protecting cells from oxidative damage. They are among the world’s best sources of vitamin E. For Instance, According to Nutrition Journal found that Americans in 2017, especially children replaced snack foods with almonds and saw a major increase in consumption of nutrients.
Europe accounted for larger revenue share in global almond ingredients market with considerable CAGR. The growth in this region can be attributed to rising demand for natural & low-sugar ingredients and increasing usage of almond-based snacks as they have huge health benefits. Also, rising health awareness among European consumers due to high obesity rate is the other important factor responsible for the market growth. Asia Pacific held substantial market share during estimated period as the key manufacturers are adopting various strategies for the expansion of the market in the region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 9.25 billion |
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Market CAGR |
9.8% |
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By Type |
|
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By Application |
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By Region |
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Almond ingredients market size was valued at US$ 9.25 billion in 2023 and is set to grow at a significant CAGR of 9.8% from 2024-2030.
The almond ingredients market forecast period will be 2024-2030
The almond ingredients market key players 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), Dohler GmbH (Germany)
| 1.Executive Summary |
| 2.Global Almond Ingredients Market Introduction |
| 2.1.Global Almond Ingredients Market - Taxonomy |
| 2.2.Global Almond Ingredients Market - Definitions |
| 2.2.1.Type |
| 2.2.2.Application |
| 2.2.3.Region |
| 3.Global Almond Ingredients Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Almond Ingredients Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Almond Ingredients Market By Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Whole Almonds |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Almond Pieces |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Almond Paste |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Almond Milk |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Almond Flour |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Others |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 6.Global Almond Ingredients Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Bakery & Confectionery |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Milk Substitutes & Ice Creams |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Nut & Seed Butters |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. RTE Cereals |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Snacks & Bars |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7.Global Almond Ingredients Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Almond Ingredients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Whole Almonds |
| 8.1.2.Almond Pieces |
| 8.1.3.Almond Paste |
| 8.1.4.Almond Milk |
| 8.1.5.Almond Flour |
| 8.1.6.Others |
| 8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Bakery & Confectionery |
| 8.2.2.Milk Substitutes & Ice Creams |
| 8.2.3.Nut & Seed Butters |
| 8.2.4.RTE Cereals |
| 8.2.5.Snacks & Bars |
| 8.2.6.Others |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Almond Ingredients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Whole Almonds |
| 9.1.2.Almond Pieces |
| 9.1.3.Almond Paste |
| 9.1.4.Almond Milk |
| 9.1.5.Almond Flour |
| 9.1.6.Others |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Bakery & Confectionery |
| 9.2.2.Milk Substitutes & Ice Creams |
| 9.2.3.Nut & Seed Butters |
| 9.2.4.RTE Cereals |
| 9.2.5.Snacks & Bars |
| 9.2.6.Others |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 10.Asia Pacific (APAC) Almond Ingredients Market 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Whole Almonds |
| 10.1.2.Almond Pieces |
| 10.1.3.Almond Paste |
| 10.1.4.Almond Milk |
| 10.1.5.Almond Flour |
| 10.1.6.Others |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Bakery & Confectionery |
| 10.2.2.Milk Substitutes & Ice Creams |
| 10.2.3.Nut & Seed Butters |
| 10.2.4.RTE Cereals |
| 10.2.5.Snacks & Bars |
| 10.2.6.Others |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Almond Ingredients Market 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Whole Almonds |
| 11.1.2.Almond Pieces |
| 11.1.3.Almond Paste |
| 11.1.4.Almond Milk |
| 11.1.5.Almond Flour |
| 11.1.6.Others |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Bakery & Confectionery |
| 11.2.2.Milk Substitutes & Ice Creams |
| 11.2.3.Nut & Seed Butters |
| 11.2.4.RTE Cereals |
| 11.2.5.Snacks & Bars |
| 11.2.6.Others |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Almond Ingredients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Whole Almonds |
| 12.1.2.Almond Pieces |
| 12.1.3.Almond Paste |
| 12.1.4.Almond Milk |
| 12.1.5.Almond Flour |
| 12.1.6.Others |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Bakery & Confectionery |
| 12.2.2.Milk Substitutes & Ice Creams |
| 12.2.3.Nut & Seed Butters |
| 12.2.4.RTE Cereals |
| 12.2.5.Snacks & Bars |
| 12.2.6.Others |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Archer Daniels Midland Company (US) |
| 13.2.2.Olam International Limited (Singapore) |
| 13.2.3.Barry Callebaut Group (Switzerland) |
| 13.2.4.Blue Diamond Growers (US) |
| 13.2.5.John B. Sanfilippo & Son (US) |
| 13.2.6.Borges Agricultural & Industrial Nuts (Spain) |
| 13.2.7.Savencia SA (France) |
| 13.2.8.Kanegrade Limited(UK) |
| 13.2.9.The Wonderful Company (US) |
| 13.2.10.Harris Woolf California Almonds (US) |
| 13.2.11.Treehouse California Almond (US) |
| 13.2.12.Royal Nut Company (Australia) |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.