Market Size of Almond Ingredients Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 10.35 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Almond Ingredients Market Analysis
The global almond ingredients market is estimated to grow, witnessing a CAGR of 10.35% during the forecast period (2020-2025).
- Almond ingredients provide the rich nutritional value to the consumers. The high presence of minerals and nutrients made the almond ingredients versatile and healthy ingredients which are added to the different types of food applications.
- The consumer adopting a healthy lifestyle and seeking the source of health-conscious food which is further accelerating the global almond ingredients market. Almond ingredients are added in different food application and also offers numerous nutritional benefits including vitamin, protein, carbohydrate, fiber, fat, minerals and others.
- Additionally, growing consumption of plant-based food is further providing opportunities for several almond ingredients such as almond milk, paste, and others.
Almond Ingredients Industry Segmentation
The scope of the market includes the segmentation of the almond ingredient products by type under whole almonds, almond pieces, almond flour, almond paste, almond paste, almond milk and others. The almond ingredients are used in several food applications such as bakery, dairy, confectionery, sweet and savory snacks and others.
| By Type | |
| Whole Almond | |
| Almond Pieces | |
| Almond Flour | |
| Almond Paste | |
| Almond Milk | |
| Others (Almond Oil, Almond Extract, Etc.) |
| By Application | |
| Bakery | |
| Dairy | |
| Confectionery | |
| Sweet and Savory Snacks | |
| Other Applications |
| Geography | |||||||||
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Almond Ingredients Market Size Summary
The almond ingredients market is experiencing significant growth, driven by the increasing consumer shift towards health-conscious and plant-based diets. Almond ingredients, known for their rich nutritional profile, are being incorporated into various food applications, enhancing their appeal as versatile and healthy options. The demand for almond-based products such as almond milk and paste is rising, fueled by the broader trend of plant-based food consumption. This shift is further supported by the growing popularity of snack bars, where almond ingredients are used to create healthier alternatives, catering to the health and wellness trends prevalent in both developed and developing economies.
Regionally, Europe stands out as the largest market for almond ingredients, with a notable increase in the consumption of almond-based snacks due to their health benefits. The demand for natural and low-sugar ingredients is particularly driving market growth in this region, addressing concerns related to obesity and nutritional intake. Meanwhile, the Asia-Pacific region is witnessing the fastest growth, reflecting a burgeoning interest in almond ingredients. Key industry players, including Archer Daniels Midland Company and Blue Diamond Growers, are actively engaging in strategies such as expansions and new product launches to capitalize on the growing market opportunities.
Almond Ingredients Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porters 5 Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Whole Almond
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2.1.2 Almond Pieces
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2.1.3 Almond Flour
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2.1.4 Almond Paste
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2.1.5 Almond Milk
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2.1.6 Others (Almond Oil, Almond Extract, Etc.)
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2.2 By Application
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2.2.1 Bakery
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2.2.2 Dairy
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2.2.3 Confectionery
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2.2.4 Sweet and Savory Snacks
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2.2.5 Other Applications
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Russia
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2.3.2.5 Spain
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2.3.2.6 Italy
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2.3.2.7 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East and Africa
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2.3.5.1 United Arab Emirates
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle East and Africa
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Almond Ingredients Market Size FAQs
What is the current Almond Ingredients Market size?
The Almond Ingredients Market is projected to register a CAGR of 10.35% during the forecast period (2024-2029)
Who are the key players in Almond Ingredients Market?
Archer Daniels Midland Company, Blue Diamond Growers, John B. Sanfilippo & Son, Borges Agricultural & Industrial Nuts SA and Royal Nut Company are the major companies operating in the Almond Ingredients Market.
