The global almond ingredients Market To Reach US$ 16.4 Billion By 2025; Growing usage of almond-based snacks due to the health benefits they offer Could Improve Growth Of The Market.

• admin@insureinsights
• August 05, 2020
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“The global almond ingredients market, Size, Share, Opportunities analysis, By type (Almond paste, Whole almonds, Almond pieces), By Application (Snacks & bars, Milk substitutes & ice creams, Bakery & confectionery, Nut & seed butter, RTE cereals & others), and By Region regional forecast, 2020-2028.”

The global almond ingredients market is estimated to be valued at USD 9.0 billion in 2019 and is projected to reach USD 16.4 billion by 2025, recording a CAGR of 10.8% from 2019 to 2028. The growth of this market is ascribed to the growing snack food industry, inclusions of health-based ingredients, companies rapidly launching almond-based products, associations and organizations promoting the almond ingredients industry, and technological advancements enabling the trade of raw material. Also, the soaring prices of raw materials and instances of allergies toward tree nuts act as constraints to the growth of the almond ingredients market.

Key trends of the global almond ingredients market

• Europe accounted for a 54.0% share of the almond ingredients market during 2019, in terms of value. The region is witnessing a growing trend in the usage of almond-based snacks due to the health benefits they offer.
• The growth of the almond ingredients industry over the forecast period is attributed to enormous functional applications of the almond based-products as an antioxidant, natural food-conserving additive, and dietary supplements.
• Among distribution channels, the application of almond ingredients is predicted to secure a leading share of the global almond ingredients market by 2027

The key players in the almond ingredients market include Archer Daniels Midland Company (US), Olam International Limited (Singapore), Barry Callebaut Group (Switzerland), Blue Diamond Growers (US), John B. Sanfilippo & Son (US). Market players adopted various business strategies such as expansions, new product launches, agreements, partnerships, collaborations, and acquisitions in the last few years to meet the growing demand for almond ingredients.

Table of Segmentation:

ATTRIBUTE	DETAILS
Study Period	2019-2028
Unit	Value (USD Billion)
Market scope	By Type ·       Almond paste ·       Whole almonds ·       Almond pieces
	By Application ·       Snacks & bars ·       Milk substitutes & ice creams ·       Bakery & confectionery
	By Region ·       North America (U.S., Canada, and Mexico) ·       Europe (U.K., France, Italy, Spain, Germany, Russia, and the Rest of Europe) ·       Asia-Pacific (China, India, Japan, Australia, and the Rest of Asia- Pacific) ·       South America, Middle East & Africa (Brazil, South Africa, UAE, and the Rest of the region)