Global Almond Protein Market Size, Share, Industry Trends Report, 2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Almond Protein Market


The global Almond Protein market size is projected to reach US$ 521.22 million by 2026, from US$ 371.63 million in 2020, at a CAGR of 5.8% during 2021-2026. The growth is driven by the change in consumption of consumers from animal based protein to plant based protein. An increase in health awareness across the globe and rise in demand for vegan and gluten free products are anticipated to further propel the demand.

Almond protein finds majority ofapplication in beverages like smoothies and milkshakes to give them a protein boost. The protein is made from the process of pressurisation which removes more than half of the fat, making it ideal for use in health and wellness products like protein bars and shakes. Moreover, the fats found in almond protein are not as harmful as those sourced from animals, which has gluten, higher levels of cholesterol, and saturated fats that increase the risk of heart diseases, Trimethylamine N-oxide (TMAO), and cancer.

The increase in demand for organic and natural skincare products is driving the demand for almond protein owing to its benefits for improving skin texture and providing moisture to the skin. For instance, hydrolysed sweet almond protein improves skin tolerability and reduces skin irritation. The wide range of application of the product in health and wellness products is a prime factor responsible for accelerating the growth of the market over the forecast period.

Moreover, increasing usage of smartphones and penetration of e-commerce is reducing cost of setting up businesses, thus increasing the market growth. The market generates its majority of revenue through online distribution channel which is anticipated to remain uniform over the forecasted period.

Market Segmentation, Outlook & Viewpoint: Global Almond Protein Market

Application Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Beverages
  
Confectionery & Bakery
  
Personal Care

Distribution Channel Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Online
  
Hypermarket & Supermarket
  
Convenience Store

Key Players, Recent Developments & Regional Insights: Global Almond Protein Market

The almond protein market is segmented by application into beverages, bakery and confectionery, and personal care. Beverages held the largest market share owing to the rising use of the product in healthy and ready to make smoothies and milkshakes. Protein is mainly consumed by people who workout and need protein in their diet for muscle repair. With more number of people inclining towards workout, the beverages segments is expected to witness growth.

Bakery and confectionery is expected to grow with a good CAGR of 5.7% from 2019 to 2025. The segment is gaining popularity as protein bars and protein balls are replacing normal food items and expanding its market share. Moreover, most of the bakery products like waffles, pancakes, and cookies are now using almond protein due to its benefits over other animal and plant based proteins

Distribution Channel Insights

The online distribution channel segment held the largest market share of over 60% in 2018. Increase in the number of internet users, fast paced lifestyle, easy internet access, and penetration of e-commerce are some of the major factors contributing to the growth of this segment. Moreover, discounts and user reviews on online platforms are anticipated to fuel online sales over the forecast period.

Hypermarket and supermarket is the second largest segment with a market share of 27.14% in 2018. The segment is expected to grow its share in the market owing to its benefits of offering the customers with real time purchase decisions, different brands to choose from, and guidance from sales executive on choosing the best product.

Regional Insights

North America held the largest market share of more than 30% in 2018. The U.S. was the largest consumer with consumption of 315,736 MT of almonds in 2018. This region is also the largest producer of almond, thus reducing the product cost by eliminating the cost of import associated with almond. Moreover, U.S has the largest number of fitness oriented people which is further increasing the demand.

Asia Pacific is forecasted to be the fastest growing region with a CAGR of 6.0% from 2019 to 2025. Increasing demand for organic and protein rich cosmetics products and increasing demand for almond protein powder in countries like Japan and China are the prime reasons propelling the regional demand.
Almond Protein Market Share Insights

The market is dominated by leading players such as InovoBiologic Inc.; Celtic Sea Minerals; Marigot Ltd.; Maxicrop USA; BioFlora, LLC; Alesco S.r.l.; Humates And Seaweeds Pvt Ltd; HMHS Solutions Limited; and Sar Agrochemicals & Fertilizers Pvt. Ltd amongst others.

Key Insights Covered: Global Almond Protein Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Almond Protein industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Almond Protein industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Almond Protein industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Almond Protein industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Almond Protein industry.

Research Methodology: Global Almond Protein Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other