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Global Almond Ingredients Market 2021: By product type (Whole Almond, Flaky Almond, Paste, Powdered Almond, Almond Oil, Almond Extracts), By application (Snacks & Bars, Bakery & Confectionery, Milk Substitutes & Ice creams, Nut & Seed Butters, RTE Cereals, Cosmetics)Global Almond Ingredients Market is a report based on a recent study conducted by Trusted Business Insights. The report includes detailed insights, historical and projected revenue details, and other critical data and information regarding the target market. It also covers various key factors and trends, supports, restraints, potential opportunities, and threats currently as well as expected in the market. Details of key players operating in the target market and their respective financials, innovations, key and recent developments, strategies, and acquisitions and mergers etc., are also provided. The report has been segmented on the basis of product type, application, and region. Country-wise segmentation has been done for each region, with a top-down, bottom-up presentation of the study findings.Request Covid - 19 Impact The Global Almond Ingredients market size was valued at USD $9.7 Billion in 2020, USD $10.72 Billion in 2021, forecasted to reach USD $11.84 Billion in 2022, and is projected to reach USD $26.28 Billion by 2030, and is anticipated to expand at a CAGR of 10.48% over the forecast period from 2020 to 2030.
OverviewAlmonds may have originated in Central Asia and China, but the unique tasting nut has found its way into many lands since the Egyptians are believed to be eating forms of it, including in bread and other items. Powder or flour, oils etc. of almonds are rich in nutrients and are known to have a range of health benefits. A natural antioxidant source, almonds have beneficial properties when consumed. Application in sports- and activity-related products, such as sport nutrition products, supplements, health drinks and beverages, and cosmetic products has been witnessing shift, which is projected to have a positive effect on market growth.
DynamicsDemand for healthy products and potential health concerns related to sedentary lifestyle, obesity, changing eating patterns, as well as hectic lifestyle and working patterns in developing economies such as China, India, South Korea, and ASEAN countries is among some key factors fueling market growth. Vitamin E in almonds increases blood cell and plasma health, besides being known to lower cholesterol levels. In addition, magnesium content helps to reduce blood pressure. Various products are easily available in retail outlets and on e-Commerce platforms, which is resulting in more efficient product visibility. Demand among health-conscious consumers for gluten-free products is driving demand for almond powder, flour, biscuits and crackers, bread, snack bars, cookies, ready-to-mix flour, and supplement powders etc. The way products are being packaged has also been evolving constantly with the emergence newer and more convenient and lightweight packaging materials and concepts. Demand for almond ingredients in countries in North America, primarily in the US and Canada, is high and increasing steadily. Among some of the primary factors projected to restrain market growth are steadily changing climate and increasingly harsh weather conditions, particularly in the recent past. Growing almonds requires a good source of water. Dry weather can devastate yields and trees can be damaged. Cold temperatures also have a destructive effect on outcomes.
Global Almond Ingredients Market Segment Analysis:By Product Type: The whole almond segment accounts for significantly higher revenue share in the market, and the trend is projected to continue well into the future. This projected demand is attributed to ease and convenience of carrying this form of the product. In addition, this form is the most widely consumed in various countries across the globe. By Application: The bakery & confectionery segment among the application segments accounted for substantially higher revenue share in the course of the study as compared to other segments.
Global Almond Ingredients Market Regional Analysis:Asia Pacific is forecast to account for a major revenue share, with a compounded annual growth rate to match over the forecast period. Urbanization expansion, growing health awareness, and rising preference for consuming products that offer health benefits are factors driving growth of the market in this region currently. Increasing number of e-Commerce platforms and increasing preference for online shopping and purchases owing to increasing smartphone and Internet penetration in developing countries in the region are supporting market growth to a significant extent. Revenue from the North America almond ingredients market is also projected to witness significant revenue growth, followed by the market in Europe.
Below are the active patents related to Almond Ingredients Market.Patent Number: EP3175717A1 Almond-based food products with improved taste characteristics Abstract According to some embodiments, a composition includes almond butter, water, almond skin extract, one or more salts, lecithin, one or more hydrocolloids selected from the group consisting of gellan gum, guar gum, locust bean gum, and xanthan gum. The almond skin extract comprises approximately 35% polyphenols. Type: Grant Filed: 2016-10-07 Date of Patent: 2017-06-07 Assignee: WhiteWave Services Inc
Below are the leading companies profiled in this Almond Ingredients Market Report:
Chapter 1 Methodology and Scope