Almond Ingredients Market worth $18.09 billion by 2030, growing at a CAGR of 8.81% - Exclusive Report by 360iResearch

The "Almond Ingredients Market by Type (Almond Flour, Almond Milk, Almond oil), Application (Artisan Foods, Bakery, Bars) - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Almond Ingredients Market to grow from USD 10.01 billion in 2023 to USD 18.09 billion by 2030, at a CAGR of 8.81%.

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The almond ingredients market consists of various products derived from almonds used as components in the food and beverage industry, cosmetic formulations, and health supplements. Almond ingredients include whole almonds, almond paste, almond milk, almond flour, almond butter, almond protein, and almond oil. These ingredients are rich in essential nutrients and have gained popularity due to their health benefits, including high protein content, vitamins, dietary fibers, and antioxidants. Almond production is vulnerable to climatic changes, which can lead to supply and price instability fluctuations. This presents a significant risk for businesses that rely heavily on a constant supply of almond ingredients. Compliance with food safety regulations and certifications can be stringent and costly for almond producers and processors. Furthermore, labeling requirements for allergens can restrict market access in certain regions. However, continuous improvements in processing techniques have resulted in higher-quality almond ingredients with better taste, texture, and nutritional profiles. Additionally, there is an increase in investment in R&D for new almond-based product developments catering to consumer tastes and dietary requirements.

The almond ingredients market in the Americas, particularly in the United States, has seen substantial growth due to the rising demand for healthy snacking options and natural ingredients. Factors such as the growing awareness of the health benefits of almonds, the usage of almonds in various food and beverage products, and the production innovations to enhance almond yield are driving the market in this region. Furthermore, the rise in plant-based and gluten-free food trends supports the growth of this market. Almond ingredients in the Americas are widely used in applications such as bakery, confectionery, dairy alternatives, and nutritional products. In the EMEA region, the almond ingredients market is diverse, with Europe displaying a significant demand for premium almond-based products. The increasing consumer interest in Mediterranean diets, which includes almonds as a core component, has led to a surge in their use within the region. The Middle East and parts of Africa have a longstanding tradition of using nuts, including almonds, in their cuisine, often in snacks, sweets, and festive dishes. This cultural inclination, combined with rising incomes and a growing preference for nutritious and organic food choices, propels the almond ingredient market in the EMEA region. Moreover, the demands in the EMEA for sustainable and traceable ingredient sourcing are influencing the almond supply chain dynamics. Asia-Pacific is witnessing rapid growth in the almond ingredients market, particularly driven by countries like China and India. The region's economic growth has led to increased purchasing power and a shift towards more health-conscious dietary choices. Snacking trends, Western-influenced eating habits, and the rising prevalence of lifestyle diseases have prompted consumers to seek healthier alternatives, where almonds play a crucial role. The use of almonds in traditional desserts and festive treats in this region has also supported the market's expansion.

Market Segmentation & Coverage:

This research report categorizes the Almond Ingredients Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across Almond Flour, Almond Milk, Almond oil, Almond Pieces, Crocants, Flavor extracts, Sablages, and Whole Almonds. The Whole Almonds commanded largest market share of 32.11% in 2023, followed by Almond Pieces.

Based on Application, market is studied across Artisan Foods, Bakery, Bars, Confectionery, Cosmetic Applications, Food Services, Milk Substitutes & Ice Creams, Nut & Seed Butters, RTE Cereals, Salads, Sauces, and Snacks. The Food Services commanded largest market share of 16.32% in 2023, followed by RTE Cereals.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 46.81% in 2023, followed by Asia-Pacific.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Almond Ingredients Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Almond Ingredients Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Almond Ingredients Market, highlighting leading vendors and their innovative profiles. These include Archer Daniels Midland Company, Barry Callebaut AG, Blue Diamond Growers, Borges Agricultural & Industrial Nuts, SA, ConnOils LLC, DePalma Farms, Döhler GmbH, Elmhurst Milked Direct, LLC, ETChem, Harris Woolf California Almonds, Heritage Foods Limited, John B. Sanfilippo & Son, Inc., Kanegrade Ltd., Malk Organics LLC, Modern Ingredients, Nut Producers Australia Pty. Ltd., Olam Group Limited, Royal Nut Company, Savencia SA, Shivam Cashew Industry, SOKOL Custom Food Ingredients, Three Trees Organics, Treehouse California Almonds, LLC, and Windsor Chocolatier.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Almond Ingredients Market, by Type
7. Almond Ingredients Market, by Application
8. Americas Almond Ingredients Market
9. Asia-Pacific Almond Ingredients Market
10. Europe, Middle East & Africa Almond Ingredients Market
11. Competitive Landscape
12. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Almond Ingredients Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Almond Ingredients Market?
3. What is the competitive strategic window for opportunities in the Almond Ingredients Market?
4. What are the technology trends and regulatory frameworks in the Almond Ingredients Market?
5. What is the market share of the leading vendors in the Almond Ingredients Market?
6. What modes and strategic moves are considered suitable for entering the Almond Ingredients Market?

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