Press release
The Global Almond Market, valued at USD 9.60 Bn in 2022, is expected to reach USD 14.44 Bn by 2029, exhibiting a CAGR of 6 Percent during the forecast period (2023-2029).
Almond Market
The market report provides a comprehensive analysis of the global almond market, including market size, growth prospects, and key trends. It covers various segments based on type, end-use industry, and region. The report offers insights into the market drivers, restraints, and challenges, along with a detailed regional analysis.
The research methodology employed for this report includes extensive primary and secondary research. The primary research involved interviews with industry experts, suppliers, and key players in the market. The secondary research included company websites, annual reports, press releases, and relevant publications.
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Almond Market Dynamics:
The increasing demand for almonds can be attributed to the growing preference for a healthy diet and the rising trend of veganism. Almonds are rich in essential nutrients and are commonly used in health foods and plant-based alternatives to dairy products. The adoption of healthy lifestyles and eating habits among consumers is driving the growth of the almond market. Manufacturers are also introducing innovative almond-based products to cater to the increasing demand.
The almond market faces challenges due to factors such as water scarcity, high prices, environmental concerns related to almond production, and competition with other crops. Water-intensive almond production in regions like California can limit production and increase costs. Additionally, concerns about the environmental impact and calorie content of almond-based products pose restraints to market growth. Trade restrictions, labor costs, and changing consumer preferences for flavored almonds also impact the overall demand.
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Almond Market Regional Insights:
North America dominated the global almond market in 2022, with California accounting for approximately 80 percent of global almond production. The region is witnessing steady growth driven by rising demand for healthy and nutritious snacks, plant-based diets, and almond milk as a dairy alternative. However, water scarcity and trade tensions with China pose challenges to North American almond growers.
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Almond Market Segmentation
By Type:
• Butte Almonds
• Nonpareil Almond
• Sweet Almond
• Peerless Almond
• Green Almond
• Fritz Almond
• Sonara Almond
• Ferradual Almond
• Molar Almond
• California Almond
• Mamra Almond
• Gurbandi Almond
• Monterey Almond
By Application:
• Almond powder
• Almond Oil
• Almond Milk
• Chocolates
• Crème
• Almond Paste
• Almond Flour
• Almond Butter
• Cosmetic products
By Sales Channel:
• Online
• Offline
By End Use Industry:
• Bakery
• Pharmaceutical companies
• Dairy
• Home kitchen
• Hotel/Restaurants
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Almond Market Key Competitors include:
• California Almonds
• Harris Family Enterprises
• Ofi
• Treehouse California Almonds
• ALMONDCO AUSTRALIA
• Jonny Almond Nut Company
• Harris Woolf Almonds
• Blue Diamond Growers
• Waterford Nut Company
• RPAC LLC
• Big Tree Organic Farms
• ROYAL NUT COMPANY
• Wonderful Pistachios & Almonds LLC
• Campos Brothers Farms
• The Almond Tree Nut Company
• Western Nut Company
• South Valley Farms
• Almond Ace
• BAPU Almonds
• Chico Nut Company
• Select Harvests
• Sran Family Orchards
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Table of Content for Almond Market
1. Global Almond Market: Research Methodology
2. Global Almond Market: Executive Summary
• Market Overview and Definitions
o Introduction to Global Market
• Summary
o Key Findings
o Recommendations for Investors
o Recommendations for Market Leaders
o Recommendations for New Market Entry
3. Global Almond Market: Competitive Analysis
• MMR Competition Matrix
o Market Structure by region
o Competitive Benchmarking of Key Players
• Consolidation in the Market
o M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
o North America
o Europe
o Asia Pacific
o Middle East and Africa
o South America
• COVID-19 Impact
4. Global Almond Market Segmentation
• Global Market, by Type (2021-2029)
• Global Market, by Application (2021-2029)
• Global Market, by Sales Channel (2021-2029)
• Global Market, by End Use Industry (2021-2029)
5. Regional Almond Market (2021-2029)
• Regional Market, by Type (2021-2029)
• Regional Market, by Application (2021-2029)
• Regional Market, by Sales Channel (2021-2029)
• Regional Market, by End Use Industry (2021-2029)
• Regional Market, by Country (2021-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Type, Application, Sales Channel and End Use Industry
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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