Global Almond Products Market report added by Reports and Data provides insights into the current market scenario with regards to sales, growth rate, market share, and market size. The investigative research report offers a complete analysis of the challenges, restraining factors, market growth prospects, technological and product advancements, RD developments, threats, and investment opportunities in the global market. The report also offers insights into how the market revenue is expanding in domestic and international markets and contributing to global economy.
The global Almond Products Market was valued at USD 10.16 Billion in 2020 and expected to reach USD 21.72 Billion by the year 2028, at a CAGR of 9.80%. Almonds ingredients are accessible in varied forms such as milk, piece, and flour. The almonds ingredients are especially appropriate for gluten-intolerant consumers. They are supplemented with minerals, protein, and vitamins, also associated with numerous health benefits.
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Statistical data indicating product consumption across all these topographies have been cited in the report. These particulars additionally consist of a basic summary of the corporations, company profile, and the product portfolio of the company in focus. The report analyses the gathered information relating to the profits accrued, sales, gross margins, price patterns, revenue and updates on the activities of the company.
The report has been formulated through extensive primary and secondary research and in accordance with the impact of the COVID-19 pandemic on the revenue growth of the market and consumer demand. The report also provides details about the strategic initiatives taken by the major market players to cater to global consumer demand and gain a robust footing in the market.
Key Participants:
The key players in the Almond Products industry include Archer Daniels Midland Company (US), Olam International Limited (Singapore), Barry Callebaut Group (Switzerland), Blue Diamond Growers (US), John B. Sanfilippo Son (US), Borges Agricultural Industrial Nuts (Spain), Savencia SA (France), Kanegrade Limited(UK), The Wonderful Company (US), Harris Woolf California Almonds (US), Treehouse California Almond (US), Royal Nut Company (Australia), and Döhler GmbH (Germany).
The statistical data included in the report has been derived from reliable and authentic sources and has been verified and backed by industry experts to help readers formulate strategic investment plans. The report studies financial information gathered by extensive primary and secondary research to offer accurate market insights. The report also offers a holistic overview of the market share, market size, market revenue growth, and segments and sub-segments along with strategic recommendations to key market players and new entrants. The report also emphasizes nascent market segments and provides insights into the growth prospects and opportunities.
Further key findings from the report suggest:
- By application, the Almond Products market has been categorized into Snacks bars, Milk substitutes ice creams, Bakery confectionery, nut seed butters, RTE cereals and others. The snacks and bars category holds the fastest and largest segment in the industry due to the increase in consciousness about health benefits associated with almonds, which include lower blood sugar levels, lower cholesterol levels, and decreased blood pressure.
- By type, the market has categorized into the dry whole, pieces, paste, flour, and milk almonds. Among these whole segment occupied the largest industry share due to the rise in production and relaxed trade regulations among prominent consumer-based countries such as China, India, the U.S, among others.
- The European industry is estimated to be the fastest-growing in the global Almond Products market during the forecast period. The growing demand for natural and low-sugar components in the region is also high, which drives the industry. The society and urbanization, awareness of a healthy diet, witnessed to develop most of this industry during the forecast period.
- Over the past two decades, almond farmers have effectively reduced the amount of water needed to grow a pound of these by 33 percent via improved production practices and the implementation of efficient micro-irrigation technology. By 2025, the California almond community requires to reduce the quantity of water used to grow a pound of by an additional 20 percent.
- Almonds grow in a shell, shielded by a hull, on a tree: products conventionally used for livestock bedding, dairy feed, and electricity generation. Altering markets for these coproducts are spurring innovation for higher-value uses, both economically and environmentally, with promising leads in the areas of recycled plastics, fuel, beer, and more.
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Market Segmentation:
Type (Revenue, USD Million; 2020–2028)
- Whole almonds
- Almond pieces
- Almond paste
- Almond flour
- Almond milk
- Others
Application (Revenue, USD Million; 2020–2028)
- Snacks bars
- Milk substitutes ice creams
- Bakery confectionery
- Nut seed butter
- RTE cereals
Regional Outlook (Revenue in USD Million; 2020–2028)
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Middle East Africa
- Latin America
- Brazil
Identifying the basic business drivers, challenges, and tactics adopted:
- The report provides intrinsic details and fluctuating aspects that influence the commercial dynamics of the Almond Products market along with integral factors of the rise in the demand for the product have been mapped across vital geographical regions.
- An overview of the multifarious applications, business areas and the latest trends observed in the industry has been laid out by this study.
- Various challenges overlooking the business and the numerous strategies employed by the industry players for successful marketing of the product have also been illustrated.
- The research inspects the sales channels (indirect, direct, and marketing) that companies have chosen for the primary product distributors and the superior clientele of the market.
Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
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