Market Size of Almond Protein Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.40 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Almond Protein Market Analysis
The global almond protein market is projected to grow at a CAGR of 7.4% during the forecast period.
- The almond protein market is driven by consumerinclination towards a plant-based protein diet.The high functional property of almond protein and its natural health benefits are boosting its market growth. There is an increase in the adoption of almond protein across several end-user industries, owing to its high sustainability.
- By application, dietary supplements hold a significant share of the market studied.Increasing health awareness among consumers and high protein demand for athletes have boosted the market for almond protein supplements in sports drinks and nutrition products.
Almond Protein Industry Segmentation
The Global Almond Protein Market is segmented by application into Bakery, Nutritional Supplements, Beverages, Confectionery, and other Applications. Additionally by geography, the market is segemented by regions including North America, Europe, Asia-Pacific, South America and Middle East & Africa.
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| Bakery | |
| Nutritional Supplements | |
| Beverages | |
| Confectionery | |
| Other Applications |
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Almond Protein Market Size Summary
The almond protein market is experiencing significant growth, driven by a rising consumer preference for plant-based protein diets. This trend is supported by the functional properties and natural health benefits of almond protein, which are enhancing its appeal across various end-user industries. The market is particularly robust in the dietary supplements sector, where increased health awareness and the demand for high-protein products among athletes are propelling the use of almond protein in sports drinks and nutrition products. North America stands out as a prominent region for almond protein beverages, characterized by intense competition and a growing demand for innovative and health-oriented products. The market's expansion is further fueled by the growing popularity of vegan and health-conscious consumer segments.
The plant-protein market is rapidly expanding due to lifestyle changes, inadequate balanced dietary intake, and advancements in research and development aimed at creating new almond-protein enriched products. The United States leads in market share, followed by Canada and Mexico, with California being the sole state producing almonds commercially. Factors such as shifts in consumption patterns, evolving food requirements, and a preference for vegetarian protein sources are driving the US market. The demand for processed and low-cholesterol foods is also contributing to the market's growth. The global plant protein market is highly competitive, with numerous active players like Austrade, Inc., Food Ingredients, All Organic Treasures GmbH, Blue Diamond Global, and Noosh Brands focusing on expanding their almond protein business both locally and internationally. Some companies are enhancing their market presence through strategic acquisitions and mergers.
Almond Protein 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 Porter's Five Forces 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 Application
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2.1.1 Bakery
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2.1.2 Nutritional Supplements
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2.1.3 Beverages
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2.1.4 Confectionery
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2.1.5 Other Applications
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2.2 Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.1.3 Mexico
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2.2.1.4 Rest of North America
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2.2.2 Europe
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2.2.2.1 Spain
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2.2.2.2 United Kingdom
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2.2.2.3 Germany
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2.2.2.4 France
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2.2.2.5 Italy
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2.2.2.6 Russia
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2.2.2.7 Rest of Europe
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2.2.3 Asia Pacific
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2.2.3.1 China
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2.2.3.2 Japan
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2.2.3.3 India
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2.2.3.4 Australia
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2.2.3.5 Rest of Asia-Pacific
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2.2.4 South America
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2.2.4.1 Brazil
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2.2.4.2 Argentina
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2.2.4.3 Rest of South America
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2.2.5 Middle East and Africa
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2.2.5.1 South Africa
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2.2.5.2 Rest of Middle East and Africa
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Almond Protein Market Size FAQs
What is the current Almond Protein Market size?
The Almond Protein Market is projected to register a CAGR of 7.40% during the forecast period (2024-2029)
Who are the key players in Almond Protein Market?
Austrade, Inc. Food Ingredients, BLUE DIAMOND GLOBAL INGREDIENTS DIVISION., All Organic Treasures GmbH and Noosh Brands are the major companies operating in the Almond Protein Market.
