Almonds Ingredients Market Size, Share Global Analysis Report, 2021 – 2026

Industry Insights

[167+ Pages Report] The latest finding surrounding the “Global Almonds Ingredients Market” published by Facts & Factors offers a neatly packaged and comprehensive read. We at Facts & Factors estimated that the global almond ingredients market will reach a projected value of USD 16.8 Billion by 2026 with a growth rate of 10.9% CAGR from an initial value of USD 15.9 Billion in the year 2020.

Market Overview

The almond is a species of the tree family that primarily belongs to the land of Iran and other surrounding countries. The fruit of the almond tree is referred to as a drupe and often consists of an outer hull and a hard shell within the seed. The almond is not considered to be a part of the nut family, and shelling of the outer skin is often required for the main fruit to be extracted and further used. Almonds are often sold shelled or unshelled depending on their application and blanched forms of almonds are shelled almonds that are treated with hot water in order to soften the seed coat.

Industry Growth Factors

The primary driving forces for the global almond ingredients market are the rising product range in the food & beverage sector coupled with shifting consumer preference toward plant-based and gluten-free products to name a few. Additionally, the rising number of organizations and associations promoting the nut-based sector coupled with the increasing obese and geriatric population is expected to increase the footprint of the global almond ingredients market during the forecast period. Moreover, the rising population associating with health-conscious desires coupled with the integration of natural-born and organic-based products is expected to boost the growth of the global almond ingredients market during the forecast period.

The global almond ingredients market is expected to be driven as an alternative to dairy-based products coupled with added health benefits such as reduction of cholesterol levels, increased vitamin E intake, and regulated blood sugar levels to name a few. The integration of almonds in the cosmetics and personal care sector is also expected to fuel the growth of the global almond ingredients market during the forecast period. However, unstable prices of raw materials coupled with volatile supply chains are expected to hamper the growth of the global almond ingredients market during the forecast period.

Segmentation Analysis

The global almond ingredients market is segmented into type, application, and region.

The global almond ingredients market is divided into whole almonds, almond flour, almond milk, sablages, almond oil, crocants, flavor extracts, and other types. The whole almonds segment is expected to occupy the largest market share during the advent of the forecast owing to availability in various forms such as blanched and natural coupled with increasing demand for various confectionery and bakery-based applications. The global almond ingredients market is fragmented into snacks, bars, bakeries, confectionery, milk substitutes & ice creams, nut & seed butter, and others. The segment pertaining to bars is expected to witness the fastest growing CAGR during the advent of the forecast owing to shifting consumer trend to bars as a healthy befitting food alternative coupled with increased ability to make the desired texture and improve taste when integrated to name a few.

Report Scope

Regional Analysis

Asia-Pacific is expected to witness the largest market share during the advent of the forecast owing to changing lifestyle of the consumers coupled with increasing disposable income among the latter to name a few. Additionally, the region is expected to be the breeding ground of diet diversification, rapid urbanization, and liberal trade practices which are expected to increase the footprint of the almond ingredients market during the forecast period. Rising consumer awareness regarding health issues coupled with an increased inclination of consumers toward health-benefiting food products is expected to boost the growth of the almond ingredients market during the forecast duration. Moreover, a surge of income among the consumers coupled with rapid growth for the middle-class population is expected to push the boundaries of the almond ingredients market in the region.

Competitive Players

The key market participants for the global almond ingredients market are :

• ADM
• Olam International Limited
• Barry Callebaut
• Blue Diamond Growers
• John B. Sanfilippo & Son
• Kanegrade
• Borges Agricultural Industrial Nuts
• Savencia SA
• The Wonderful Company
• Harris Woolf California Almonds
• Treehouse California Almonds
• Dohler GmbH
• Royal Nut Company

By Type Segment Analysis

• Whole Almonds
• Almond Flour
• Almond Milk
• Sablages
• Almond Oil
• Crocants
• Flavor Extracts
• Others

By Application Segment Analysis

• Bars
• Bakery
• Confectionery
• Milk Substitutes & Ice Creams
• Nut & Seed Butters
• Others