Almond Butter Market size,share,market growth,Industry trends

Almond butter is a food paste made from either roasted or raw almonds. Almond butter is high in unsaturated fats, which are good for your heart. It is also high in proteins, vitamins, and minerals. Almond butter has a slightly sweet, mild roasted almond flavour, and some manufacturers make almond butter from blanched almond, which tastes like peanut butter and is easy to digest. It has a creamy, smooth texture. Almond butter comes in a variety of flavours and textures.

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Almonds identified as a plant-based superfood, and as a result, they are becoming increasingly popular for the production of non-dairy products. Foods made with non-dairy almond protein powder and almond butter have proven nutritional benefits as well as exceptional flavour and texture. The clean flavour of almond butter allows it to be used to imitate typical dairy flavours, which increases its popularity.

Data Bridge Market Research analyses that the almond butter market was valued at USD 130.1 million in 2021 and is expected to reach the value of USD 246.21 million by 2029, at a CAGR of 8.30% during the forecast period of 2022-2029.

Global Almond Butter Market Dynamics

Opportunity

Food and beverage manufacturers are considering the health benefits of almond butter and adding significant constituents to make products more delectable and nutritious. Aside from that, the use of almond butter for disease prevention and health maintenance is expected to fuel a positive growth in terms of value during the forecast period. Diversity in the usage of almond butter in end user industry will further create new opportunities for the almond butter market in the forecast period

Drivers

The rise in the adoption of almond butter as an healthy substitute

The key factors driving global demand for almond butter are an increase in consumer demand for healthy food options and changing food consumption patterns. Furthermore, the rising consumer preference for a wholesome breakfast consisting of ready-to-eat food items is expected to boost the almond butter market over the forecast period. Furthermore, shifting toward healthier foods to prevent cardiovascular disease and control blood sugar levels positively impacts the global almond butter market.

Application

Food Industry

Cosmetics Industry

Other Applications

Some of the major players operating in the almond butter market are:

Unilever (UK)

Procter & Gamble (US)

The J.M. Smucker Company (US)

Hormel Foods Corporation (US)

Boulder Brands (US)

The Kraft Heinz Company (US)

Algood Food Co. (US)

Conagra Brands, Inc. (US)

Britannia Dairy Private Limited (India)

Hormel Foods Corporation (US)

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This release was published on openPR.