Almond-based Spreads Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Almond-based Spreads Market is Segmented by Type (Plain and Flavored), Form (Smooth and Crunchy), Category (Organic and Conventional), Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail Stores, and Other Distribution Channels), and Geography (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa). The report provides market size and forecasts in terms of value in USD million for the above segments.

Almond-based Spreads Market Size

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
Almond-based Spreads Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 5.80 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Low

Major Players

Almond-based Spreads Market Major Players

*Disclaimer: Major Players sorted in no particular order

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Almond-based Spreads Market Analysis

The almond-based spreads market is projected to register a CAGR of 5.8 % during the forecast period.

The increase in lifestyle diseases all over the world, such as obesity, diabetes, and cardiovascular disorders, among others, has led consumers to adopt healthier food choices. The health benefits associated with almonds drive the growth of the almond-based spreads market. The manufacturers in the industry claim that almond-based spreads have essential nutrients, such as fiber, calcium, iron, magnesium, riboflavin, vitamin E, and zinc. Hence, consumers are replacing traditional items, such as jams, sauces, and mayonnaise, with almond-based spreads. Moreover, consumer preference is influenced due to the presence of healthy fats in almonds that lead to better skin, hair, metabolism, energy, and immunity.

The increasing concern of peanut allergies is prevalent in countries such as the United States, Canada, the United Kingdom, and Australia, among others. This is estimated to boost the sales of almond-based spreads as consumers are looking for alternative vegan spreads. Further, the differentiation of almond-based spreads with the inclusion of new flavors and organic certification is the key factor driving the growth of the market studied.

Almond-based Spreads Market Trends

This section covers the major market trends shaping the Almond-based Spreads Market according to our research experts:

Consumer Inclination Toward Healthy Food

An increase in consumer desire for healthy food options and shifting food consumption habits are the main factors driving the global demand for almond-based spreads. The rising concern of lifestyle disorders, such as obesity, diabetes, and cardiovascular diseases, is influencing consumer shift toward a plant-based diet. Thus, the growing consumer preference for vegan foods is the key factor promoting the adoption of almond-based spreads as a substitute for animal-based spreads, such as butter and mayonnaise.

Further, the growing number of vegan and vegetarian consumers due to the rising popularity of dairy-free and meat-free meals is anticipated to drive the sales of almond-based spreads during the forecast period. Adding on, these consumers perceive nuts as a great protein alternative, creating a huge opportunity for nut-based products, such as almond-based spreads. Moreover, changing consumer lifestyle choices, such as organic, low-calorie, and keto-friendly diets, are influencing manufacturers to innovate their product offerings. For instance, in October 2021, Maison des Noix, a Japanese brand of nut butter, launched a new line of nut spreads, including almond butter, cashew butter, and pumpkin seed butter. All products are JAS and EU-certified organic and without any added oils, sugars, or additives.

Almond-Based Spreads Market: Number of Fitness Centers, South Korea, 2017-2020

North America Holds the Largest Share

Factors such as hectic lifestyles, the increasing working women population, and lack of time to prepare foods are augmenting the demand for quick breakfast options. The high nutritional benefits of almond-based spread over other nut-based spreads, in terms of fiber, mineral, and vitamin content, have driven the demand for almond-based spreads across the region. There has been a rising demand for sugar-reduced spreads among health-conscious and diabetic consumers. Thus, brands such as Jus' Amazin, The Butternut Co., Pintola, and d alive are offering unsweetened almond butter spreads.

Additionally, the increasingly health-conscious population engaged in sports, exercise, and outdoor activities subsequently increases the consumption of nutrient-rich food, such as almond-based spreads. According to the Physical Activity Council, the number of participants in physical activity in the United States was 232.6 million in 2021. These health and fitness enthusiasts prefer products such as almond-based spreads as they are packed with proteins and healthy fats.

Almond-based Spreads Market: Market Size (%), By Geography, Global, 2021

Almond-based Spreads Industry Overview

The almond-based spreads market is highly competitive owing to the presence of multiple regional and multinational companies offering a wide range of almond-based spreads and trying to maintain their leadership position in the market studied.

Major players in the market include The Hershey Company, My Raw Joy, and SHS Group, among others. They hold a significant share of the market studied. Leading companies are opting for different business strategies, including product innovations, partnerships, and mergers & acquisitions, to expand their visibility and portfolio of offerings, augmenting the growth of the market studied.

Almond-based Spreads Market Leaders

  1. The Hershey Company

  2. My Raw Joy

  3. Ingenuity Brands

  4. Natural World

  5. ImmaculateBites (India) Private Limited

*Disclaimer: Major Players sorted in no particular order

Almond-based Spreads Market Concentration
Need More Details on Market Players and Competitors?
Download PDF

Almond-based Spreads Market News

  • May 2022: Brainiac Foods launched almond butter spreads formulated with nutrients to support brain health. The products were packaged in single-serve, squeezable packets. The product was launched in various flavors, including honey almond and chocolate almond.
  • April 2022: The UK-based startup company Nuccy launched a new range of nut-based butter featuring Ashwagandha in three flavors, including Almond Coco, Peanut Coco, and Hazel Coco. Further, the company claims that the butter range is naturally vegan, sugar-free, and palm oil free.
  • October 2021: Maison des Noix launched an extensive lineup of high-quality nut butters that are all EU and JAS-certified organic. Maison des Noix is an organic nut butter brand created by Maybell Japan Co Ltd, a Tokyo-based importer and distributor of organic and fine foods.

Almond-based Spreads Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Plain
    • 5.1.2 Flavored
    • 5.1.2.1 Cocoa Almond Spread
    • 5.1.2.2 Coconut Almond Spread
    • 5.1.2.3 Honey Almond Spread
    • 5.1.2.4 Other Flavored Almond Spreads
  • 5.2 Form
    • 5.2.1 Smooth
    • 5.2.2 Crunchy
  • 5.3 Category
    • 5.3.1 Organic
    • 5.3.2 Conventional
  • 5.4 Distribution Channel
    • 5.4.1 Supermarkets/Hypermarkets
    • 5.4.2 Convenience Stores
    • 5.4.3 Online Retail Stores
    • 5.4.4 Other Distribution Channel
  • 5.5 Geography
    • 5.5.1 North America
    • 5.5.1.1 United States
    • 5.5.1.2 Canada
    • 5.5.1.3 Mexico
    • 5.5.1.4 Rest of North America
    • 5.5.2 Europe
    • 5.5.2.1 United Kingdom
    • 5.5.2.2 Germany
    • 5.5.2.3 Spain
    • 5.5.2.4 France
    • 5.5.2.5 Italy
    • 5.5.2.6 Russia
    • 5.5.2.7 Rest of Europe
    • 5.5.3 Asia-Pacific
    • 5.5.3.1 China
    • 5.5.3.2 Japan
    • 5.5.3.3 India
    • 5.5.3.4 Australia
    • 5.5.3.5 Rest of Asia-Pacific
    • 5.5.4 South America
    • 5.5.4.1 Brazil
    • 5.5.4.2 Argentina
    • 5.5.4.3 Rest of South America
    • 5.5.5 Middle East and Africa
    • 5.5.5.1 Saudi Arabia
    • 5.5.5.2 South Africa
    • 5.5.5.3 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Most Adopted Strategies
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles
    • 6.3.1 The Hershey Company
    • 6.3.2 My Raw Joy
    • 6.3.3 SHS Group
    • 6.3.4 Natural World
    • 6.3.5 Mayver's
    • 6.3.6 Ingenuity Brands
    • 6.3.7 BetterBody Foods
    • 6.3.8 Melrose Laboratories Pty Ltd
    • 6.3.9 ImmaculateBites (India) Private Limited
    • 6.3.10 Aiswarya Bakes and Confections Pvt Ltd (Liso)
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

8. IMPACT OF COVID-19 ON THE MARKET

9. DISCLAIMER

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Almond-based Spreads Industry Segmentation

Almond-based spread is a paste made of almonds and is often used along with bread, sandwiches, and many sweet and savory recipes. 

The almond-based spreads market is segmented by product type, category, form, distribution channel, and geography. By product type, the market is segmented into plain and flavored almond spreads. The flavored almond spread is further segmented into cocoa almond spread, coconut almond spread, honey almond spread, and other flavored almond spreads. By form, the market is segmented into smooth and crunchy almond spreads. By category, the market is segmented into organic and conventional. Based on the distribution channel, the market studied is segmented into supermarkets/hypermarkets, convenience stores, online stores, and other distribution channels. It analyzes emerging and established economies worldwide, comprising North America, Europe, South America, Asia-Pacific, and Middle-East and Africa. For each segment, the market sizing and forecasts are provided in terms of the value in USD million.

Type Plain
Flavored Cocoa Almond Spread
Coconut Almond Spread
Honey Almond Spread
Other Flavored Almond Spreads
Form Smooth
Crunchy
Category Organic
Conventional
Distribution Channel Supermarkets/Hypermarkets
Convenience Stores
Online Retail Stores
Other Distribution Channel
Geography North America United States
Canada
Mexico
Rest of North America
Geography Europe United Kingdom
Germany
Spain
France
Italy
Russia
Rest of Europe
Geography Asia-Pacific China
Japan
India
Australia
Rest of Asia-Pacific
Geography South America Brazil
Argentina
Rest of South America
Geography Middle East and Africa Saudi Arabia
South Africa
Rest of Middle East and Africa
Need A Different Region Or Segment?
Customize Now

Almond-based Spreads Market Research FAQs

The Almond-based Spreads Market is projected to register a CAGR of 5.80% during the forecast period (2024-2029)

The Hershey Company, My Raw Joy, Ingenuity Brands, Natural World and ImmaculateBites (India) Private Limited are the major companies operating in the Almond-based Spreads Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Almond-based Spreads Market.

The report covers the Almond-based Spreads Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Almond-based Spreads Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Almond-based Spreads Industry Report

Statistics for the 2024 Almond-based Spreads market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Almond-based Spreads analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

Almond-based Spreads Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)