Global Almond Powder Market 2021: By product type (Blanched Almond Powder, Natural Almond Powder), By application (Household, Foodservice, Industrial, Cosmetics)
Global Almond Powder Market is a recently researched market by Trusted Business Insights, and the resulting report delivers detailed insights, revenue details, and other useful data and information on the target market. Included are various key trends, drivers, restraints, opportunities, and threats, and detailed information on key players operating in the target market, along with their respective financials, innovations, key and recent developments, strategies, and acquisitions and mergers etc. The report has been segmented on the basis of product type, application, and region. The regions are further sub-segmented on the basis of country, and segment and revenue provided for each in tabular format, along with tables and write-up of supporting facts.
The Global Almond Powder market size was valued at USD $406.18 Million in 2020, USD $425.32 Million in 2021, forecasted to reach USD $445.35 Million in 2022, and is projected to reach USD $646.43 Million by 2030, and is anticipated to expand at a CAGR of 4.71% over the forecast period from 2020 to 2030.
Overview
Although the exact origins are unknown, they are believed to have originated in Central Asia and China. These nuts found their way into powder or flour, oil, meal etc. and as an ingredient in breads as early as the Egyptian Pharaohs time, and have been thought to have been a common edible item to travelers along the “Silk Road”. Thereafter, almond trees began thriving in Mediterranean countries such as Italy and Spain. The seeds also were taken from Spain to California in the US by members of the Franciscan order sometime in the 1700s. Almonds are nutrient-rich and considered an excellent source of natural antioxidants available currently. Almonds have long been a favorite or must-carry on journeys owing to these properties. In the recent past, various forms of the nut have been gaining popularity and application in a range of products, including sports nutrition and supplements, besides cosmetic products. Originally from Asia, almonds are grown inland in Californias great Central Valley, where the almond industry is thriving in Sacramento and San Joaquin areas today.
Dynamics
Increasing demand for healthy products and rising health concerns related to conditions arising from sedentary lifestyle, obesity, and changing eating patterns is among some primary factors fueling market growth. Almonds are known to increase vitamin E level in blood cells and plasma, as well as lowering cholesterol levels. Almonds also have magnesium content, which can reduce blood pressure. Availability of various products in retail and e-Commerce formats, high visibility and product placement, and brand recall are among other factors. Almond powder or flour is gluten-free, and driven by the shifting trend towards health-benefits and associated advantages, and increasing applications of almond powder in products such as biscuits, breads, bars, drinks and beverages, and cakes and pastries is also among other factors. Availability in convenient packaging and in volumes that promote sales is also supporting market growth to a significant extent. Demand for various forms of almond products is especially high is countries in Asia Pacific, such as India, China, as well as ASEAN countries. Consumption of almonds in countries in North America, including the US and Canada is also relatively high. Among the primary factors expected to restrain market growth is changing climate and unusual weather conditions as seen in the recent past. Almond cultivation requires ample volumes of water, and droughts, such as are being witnessed in several countries across the globe, can hamper cultivation to a significant extent in future. In addition, freezing temperatures can also negatively impact market growth.
Global Almond Powder Market Segment Analysis:
By Product: Among the product type segments, the blanched almond powder segment accounts for significantly higher revenue share in the market.
By Application: The food service segment among the application segments accounts for substantially higher revenue share as compared to the household and cosmetics segments.
Global Almond Powder Market Regional Analysis:
The market in Asia Pacific is projected to register fastest-growing revenue during the forecast period. Factors such as rapid urbanization, rising health awareness and preference for products with health benefits, increasing penetration of e-Commerce platforms and availability and visibility, and increasing spending power among consumers in countries in the region. In addition, favorable government policies for Foreign Direct Investment in countries in the region and favorable export schemes in these countries is also expected to drive growth of the market in APAC region. The market in North America is also expected to register a significantly high revenue growth rate over the forecast period.
Below are the active patents related to Almond Powder Market.
Patent Number: EP2476317A1
Almond drinks and methods for their production
Abstract
The present invention relates to bland tasting almond drinks characterized in that they have a low benzaldehyde concentration and a low pyrazines concentration. The invention also provides methods for obtaining them. In particular, the invention provides methods comprising subjecting almonds to a dry heat treatment, followed by a dry grinding step to obtain an almond paste, and finally dispersing the almond paste in an aqueous medium to obtain an almond drink.
Type: Grant
Filed: 2011-12-29
Date of Patent: 2012-07-18
Assignee : Alpro CVA
Patent Number: US9339819B2
Conditioning/moisturizing device for processing almond kernels
Abstract
The invention relates to a conditioning/moisturizing device for almond grains, especially designed to provide the grains of the fruit with the elasticity required in order to cut the grain into flakes, sticks, cubes or other configurations, with minimum loss through production of flour and others. The device essentially comprises an elongate body, with a generally cylindrical shape and tilted position, which includes on the inside thereof a means for sweeping the almond, made up of a spindle which sweeps the fruit in an upward direction in a steam-saturated environment with controlled temperature, for which purpose the cylindrical body comprises a plurality of steam injection nozzles, said steam being distributed externally and fed to said nozzles from an external steam distributor. The device includes temperature and steam sensors whose measurements are suitable for regulating the rotating speed of the spindle in order to adjust the time during which the almond remains in the environment inside the body.
Type: Grant
Filed: 2009-12-18
Date of Patent: 2016-05-17
Assignee : Jose Borrell SA
Below are the leading companies profiled in this Almond Powder Market Report:
- ADM
- ALIMENTOS BIOLOGICOS OLEANDER SA
- Alldrin Brothers
- ALMONDCO AUSTRALIA LTD.
- Anthonys Goods.
- Austrade Inc.
- Barney Butter
- Blue Diamond Growers
- Bobs Red Mill Natural Foods.
- BORGES AGRICULTURAL & INDUSTRIAL NUTS
- Cannan Palestine
- Hodgson Mill.
- Jonny Almond Nut Company.
- King Arthur Baking Company Inc.
- King Arthur Flour Company
- NOW Health Group Inc.
- Olam International
- Oleander Bio
- OLOMOMO Nut Company.
- Parchem fine & specialty chemicals.
- Rolling Hills Nut Company
- Royal Nut Company.
- Russell Stover Chocolates
- SA
- Shiloh Farms
- TREEHOUSE ALMONDS
- Treehouse California Almonds
Global Almond Powder Market Segment Analysis:
By product type
- Blanched Almond Powder
- Natural Almond Powder
By application
- Household
- Foodservice
- Industrial
- Cosmetics
This research comprehensively answers the following 9 important questions:
- Q.1. What are some of the most promising growth trends in the Almond Powder market worldwide?
- Q.2.Which segments and sub-segments will grow at a faster pace and why? Which segment is nearing the peak and demand saturation?
- Q.3.Which region will witness a higher growth rate and why? Which region might see a slower or negative growth region?
- Q.4.What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in Almond Powder market?
- Q.5.What are the business risks and who pose challenges to the global leaders and are competitive threats in this Almond Powder market?
- Q.6.What are the emerging trends post COVID-19 reshuffle in this Almond Powder market and the what are reasons behind these trends and do they translate in global exploration?
- Q.7. Who are the major global and regional players in the Almond Powder market? Which are the strategic initiatives key players are pursuing for business growth?
- Q.8.Which are the competing products in Almond Powder market and how big of a threat do they pose for loss of market share by material or product substitution?
- Q.9.What M & A activity has occurred in the last 5 years and what is its impact on the Almond Powder industry?
