Almond Market to Reach USD 12.92 Billion by 2030, Growing at a CAGR of 4.5 %

𝐀𝐥𝐦𝐨𝐧𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

The global almond market is witnessing robust growth, driven by increasing health consciousness, expanding product applications, and rising demand for plant-based foods. Valued at USD 9.49 billion in 2023, the almond market is projected to grow at a CAGR of 4.5 % from 2024 to 2030, reaching a market size of USD 12.92 billion by 2030. This press release delves into the growth opportunities, trends, and key developments in the almond industry, with specific insights for countries like Vietnam, Thailand, Japan, South Korea, Singapore, the US, and Europe.

𝐓𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞, 𝐬𝐢𝐦𝐩𝐥𝐲 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 :https://www.maximizemarketresearch.com/request-sample/187333/

𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦

Vietnam's almond market is expanding steadily, supported by rising disposable incomes and the growing popularity of healthy snacking. The recent collaboration between Company A and Company B to establish a distribution network for premium almond products in Vietnam highlights the market's potential. The country's almond imports grew by X% year-on-year, driven by demand for almond-based beverages and snacks.

𝐓𝐫𝐞𝐧𝐝 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝

Thailand has become a promising market for almond products, with a notable increase in almond-based dairy alternatives. In 2024, Company C announced plans to launch almond milk production facilities in Bangkok. The market's growth is fueled by consumers seeking lactose-free and plant-based options. Almond consumption in Thailand is expected to grow at a CAGR of X.X% over the forecast period.

𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐉𝐚𝐩𝐚𝐧

Japan's almond industry is characterized by innovative product launches and strategic acquisitions. In 2023, Company D acquired Company E, a leading almond snack producer, to strengthen its foothold in the premium snack segment. The Japanese almond market is valued at USD X billion and is expected to grow significantly, owing to the increasing popularity of almonds as a healthy ingredient in confectionery and bakery products.

𝐔𝐩𝐝𝐚𝐭𝐢𝐨𝐧 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚

South Korea's almond market is being reshaped by evolving consumer preferences and technological advancements in almond processing. Company F recently introduced a new almond-coated snack range, leveraging advanced roasting technologies. The country's almond imports grew by X% in 2023, highlighting the rising demand for high-quality almond products.

𝐓𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞, 𝐬𝐢𝐦𝐩𝐥𝐲 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 :https://www.maximizemarketresearch.com/request-sample/187333/

𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞

Singapore has emerged as a lucrative market for almond-based health foods. In 2023, Company G partnered with leading retail chains to promote almond butter and almond milk products. With a focus on convenience and health, Singapore's almond market is anticipated to grow at a CAGR of X.X%, driven by increasing awareness about the nutritional benefits of almonds.

𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐒

The US continues to dominate the global almond market as the largest producer and exporter. California's almond growers, represented by Company H, announced record-breaking exports in 2023, supported by robust demand from Asia and Europe. The US almond market benefits from innovations in sustainable farming practices and the introduction of value-added almond products.

𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞

Europe's almond market is characterized by a shift towards organic and sustainably sourced almonds. Company I recently launched a range of organic almond snacks, catering to the growing demand for clean-label products. The European market, valued at USD X billion, is projected to grow at a CAGR of X.X%, driven by increasing demand for almond-based dairy substitutes and bakery ingredients.

𝐓𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞, 𝐬𝐢𝐦𝐩𝐥𝐲 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 :https://www.maximizemarketresearch.com/request-sample/187333/

𝐀𝐥𝐦𝐨𝐧𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

𝐁𝐲 𝐓𝐲𝐩𝐞

Butte Almonds
Nonpareil Almond
Sweet Almond
Peerless Almond
Green Almond
Others

𝐛𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Almond powder
Almond Oil
Almond Milk
Chocolates
Almond Paste
Almond Flour
Cosmetic products

𝐛𝐲 𝐒𝐚𝐥𝐞𝐬 𝐂𝐡𝐚𝐧𝐧𝐞𝐥

Online
Offline

𝐛𝐲 𝐄𝐧𝐝 𝐔𝐬𝐞𝐫

Bakery
Pharmaceutical companies
Dairy
Home Kitchen
Hotel/Restaurants

𝐀𝐥𝐦𝐨𝐧𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

1. California Almonds
2. Harris Family Enterprises
3. Ofi
4. Treehouse California Almonds
5. ALMONDCO AUSTRALIA
6. Jonny Almond Nut Company
7. Harris Woolf Almonds
8. Blue Diamond Growers
9. Waterford Nut Company
10. RPAC LLC
11. Big Tree Organic Farms
12. ROYAL NUT COMPANY
13. Wonderful Pistachios & Almonds LLC
14. Campos Brothers Farms
15. The Almond Tree Nut Company
16. Western Nut Company
17. South Valley Farms
18. Almond Ace
19. BAPU Almonds
20. Chico Nut Company
21. Select Harvests
22. Sran Family Orchards

𝐅𝐨𝐫 𝐚 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐨𝐯𝐞𝐫𝐯𝐢𝐞𝐰, 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐝:https://www.maximizemarketresearch.com/market-report/almond-market/187333/

𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐀𝐥𝐦𝐨𝐧𝐝 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

Company J introduced innovative almond protein powders targeting fitness enthusiasts in Asia-Pacific.

Company K expanded its almond processing capabilities in Europe, aiming to reduce carbon emissions and enhance sustainability.

The Almond Board of California partnered with research institutions to develop drought-resistant almond varieties, ensuring consistent supply amidst climate challenges.

𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐖𝐡𝐚𝐭'𝐬 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠:

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𝐀𝐛𝐨𝐮𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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