Almonds Industry Outlook 2025-2029: Market Set to Cross $12.62 Billion Milestone

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How Large Will the Almonds Market Size By 2025?
In recent times, the almond market has seen vigorous growth in its size. It is projected to rise from $9.26 billion in 2024 to $9.9 billion in 2025, with a compound annual growth rate (CAGR) of 6.9%. Factors contributing to this increase during the historic period include supply-demand dynamics, worldwide trade regulations and tariffs, crop-production and harvesting patterns, macroeconomic elements, trends in health and nutrition, climate change influences and sustainability, along with consumer preferences and trends.

How Big Is the Almonds Market Size Expected to Grow by 2029?
Expectations are high for substantial expansion in the almonds market in the ensuing years, with projections for it to reach $12.62 billion by 2029, growing at a compound annual growth rate of 6.3%. The anticipated growth in this timeframe is linked with factors such as the surge in global demand, changes in international trade policies, greater access to markets, health and wellness trends, focus on ecological sustainability, market competition, and innovative new products. Key future trends potentially impacting the market include the growth of almond farms, technological progress in almond cultivation, a focus on sustainability and certified practices, innovation and diversification of products, wellness trends, shifts in international trade, and consumer inclination towards environmentally-friendly packaging.

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Which Key Market Drivers Powering Almonds Market Expansion and Growth?
The increased adoption of e-commerce is set to bolster the expansion of the almond market. E-commerce is an online business model promoting the trade of products and services via the Internet. The escalating adoption of e-commerce is influenced by its convenience, growing internet availability, and the consumer shift towards online shopping. E-commerce provides easy access to a variety of almond products, meeting the diverse tastes of consumers and widening the market scope for almond sellers. Furthermore, this digital platform encourages direct sales to consumers, simplifying the distribution process and potentially boosting profit margins for almond growers. For example, as reported by the United States Census Bureau, a US government institution, in February 2024, e-commerce sales stood at $1,118.7 billion in 2023, marking a 7.6% rise from 2022. As a result, the amplified adoption of e-commerce is stimulating the expansion of the almond market.

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What Trends Will Shape the Almonds Market Through 2029 and Beyond?
In an attempt to secure a competitive advantage in the almond market, chief corporations have turned their attention to producing innovative products like chocolate-dipped almonds. These snacks are whole almonds encased in a variety of chocolates, such as dark, milk, or white chocolate. For example, Blue Diamond Growers, a food corporation based in the UK, rolled out a new snack line of Chocolate Thin Dipped Almonds in June 2023. These almonds, devoid of cholesterol, artificial colours and flavours, and with fifty percent less sugar than conventional chocolate-covered almonds, are available in double dark chocolate and dark chocolate sea salt caramel flavours. Each serving of these dipped almonds delivers 170 calories and 5 grams of protein. Recognising the consumer's desire for guilt-free sweet snacks, the company markets these thin-dipped almonds as a smart choice, with the thin chocolate layer serving to augment the almond's innate crunch, culminating in a scrumptious treat.

What Are the Emerging Segments in the Almonds Market?
The almonds market covered in this report is segmented -

1) By Type: Butte Almonds, Nonpareil Almond, Sweet Almond, Peerless Almond, Green Almond, Other Types
2) By Distribution Channel: Online, Offline, Convenience Stores
3) By Application: Almond Powder, Almond Oil, Almond Milk, Chocolates, Almond Paste, Almond Flour, Cosmetic Products
4) By End User: Bakery, Pharmaceutical Companies, Dairy, Home Kitchen, Hotel Or Restaurants

Subsegments:
1) By Butte Almonds: Non-pareil Butte Almonds, Other Butte Almond Varieties
2) By Nonpareil Almond: Raw Nonpareil Almonds, Processed Nonpareil Almonds
3) By Sweet Almond: Raw Sweet Almonds, Processed Sweet Almonds
4) By Peerless Almond: Raw Peerless Almonds, Processed Peerless Almonds
5) By Green Almond: Fresh Green Almonds, Processed Green Almonds
6) By Other Types: Other Almond Varieties

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Who Are the Global Leaders in the Almonds Market?
Major companies operating in the almonds market report are The Archer-Daniels-Midland Company; Olam Group; The Hershey Company; Blue Diamond Growers; California Almonds; Wonderful Pistachios & Almonds LLC; HILLTOP RANCH INC; Mariani Nut Company; ALMONDCO AUSTRALIA; Harris Woolf Almonds; Treehouse California Almonds LLC; ROYAL NUT COMPANY; Select Harvests; Almond Ace; Waterford Nut Company; Sran Family Orchards; Harris Family Enterprises; Chico Nut Company; South Valley Farms; Western Nut Company; Jonny Almond Nut Company; RPAC LLC; Campos Brothers Farms; BAPU Almonds Company Inc.; JD ALMOND FARMS; Big Tree Organic Farms

Which are the Top Profitable Regional Markets for the Almonds Industry?
North America was the largest region in the almonds market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the almonds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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