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Global Almond Ingredients Market by Type (Almond Flour, Almond Milk, Almond oil), Application (Artisan Foods, Bakery, Bars) - Forecast 2023-2030

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    Report

  • 193 Pages
  • March 2024
  • Region: Global
  • 360iResearch™
  • ID: 5592037
UP TO OFF until Dec 31st 2024
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The Almond Ingredients Market size was estimated at USD 9.25 billion in 2022, USD 10.01 billion in 2023, and is expected to grow at a CAGR of 8.74% to reach USD 18.09 billion by 2030.

The almond ingredients market consists of various products derived from almonds used as components in the food and beverage industry, cosmetic formulations, and health supplements. Almond ingredients include whole almonds, almond paste, almond milk, almond flour, almond butter, almond protein, and almond oil. These ingredients are rich in essential nutrients and have gained popularity due to their health benefits, including high protein content, vitamins, dietary fibers, and antioxidants. Almond production is vulnerable to climatic changes, which can lead to supply and price instability fluctuations. This presents a significant risk for businesses that rely heavily on a constant supply of almond ingredients. Compliance with food safety regulations and certifications can be stringent and costly for almond producers and processors. Furthermore, labeling requirements for allergens can restrict market access in certain regions. However, continuous improvements in processing techniques have resulted in higher-quality almond ingredients with better taste, texture, and nutritional profiles. Additionally, there is an increase in investment in R&D for new almond-based product developments catering to consumer tastes and dietary requirements.

Regional Insights

The almond ingredients market in the Americas, particularly in the United States, has seen substantial growth due to the rising demand for healthy snacking options and natural ingredients. Factors such as the growing awareness of the health benefits of almonds, the usage of almonds in various food and beverage products, and the production innovations to enhance almond yield are driving the market in this region. Furthermore, the rise in plant-based and gluten-free food trends supports the growth of this market. Almond ingredients in the Americas are widely used in applications such as bakery, confectionery, dairy alternatives, and nutritional products. In the EMEA region, the almond ingredients market is diverse, with Europe displaying a significant demand for premium almond-based products. The increasing consumer interest in Mediterranean diets, which includes almonds as a core component, has led to a surge in their use within the region. The Middle East and parts of Africa have a longstanding tradition of using nuts, including almonds, in their cuisine, often in snacks, sweets, and festive dishes. This cultural inclination, combined with rising incomes and a growing preference for nutritious and organic food choices, propels the almond ingredient market in the EMEA region. Moreover, the demands in the EMEA for sustainable and traceable ingredient sourcing are influencing the almond supply chain dynamics. Asia-Pacific is witnessing rapid growth in the almond ingredients market, particularly driven by countries like China and India. The region's economic growth has led to increased purchasing power and a shift towards more health-conscious dietary choices. Snacking trends, Western-influenced eating habits, and the rising prevalence of lifestyle diseases have prompted consumers to seek healthier alternatives, where almonds play a crucial role. The use of almonds in traditional desserts and festive treats in this region has also supported the market's expansion.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Almond Ingredients Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Almond Ingredients Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Almond Ingredients Market, highlighting leading vendors and their innovative profiles. These include Archer Daniels Midland Company, Barry Callebaut AG, Blue Diamond Growers, Borges Agricultural & Industrial Nuts, SA, ConnOils LLC, DePalma Farms, Döhler GmbH, Elmhurst Milked Direct, LLC, ETChem, Harris Woolf California Almonds, Heritage Foods Limited, John B. Sanfilippo & Son, Inc., Kanegrade Ltd., Malk Organics LLC, Modern Ingredients, Nut Producers Australia Pty. Ltd., Olam Group Limited, Royal Nut Company, Savencia SA, Shivam Cashew Industry, SOKOL Custom Food Ingredients, Three Trees Organics, Treehouse California Almonds, LLC, and Windsor Chocolatier.

Market Segmentation & Coverage

This research report categorizes the Almond Ingredients Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Type
    • Almond Flour
    • Almond Milk
    • Almond oil
    • Almond Pieces
    • Crocants
    • Flavor extracts
    • Sablages
    • Whole Almonds
  • Application
    • Artisan Foods
    • Bakery
    • Bars
    • Confectionery
    • Cosmetic Applications
    • Food Services
    • Milk Substitutes & Ice Creams
    • Nut & Seed Butters
    • RTE Cereals
    • Salads
    • Sauces
    • Snacks
  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as

  1. What is the market size and forecast of the Almond Ingredients Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Almond Ingredients Market?
  3. What are the technology trends and regulatory frameworks in the Almond Ingredients Market?
  4. What is the market share of the leading vendors in the Almond Ingredients Market?
  5. Which modes and strategic moves are suitable for entering the Almond Ingredients Market?

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With the purchase of this report at the Multi-user License or greater level, you will have access to one hour with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This will need to be used within three months of purchase.

This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.

Table of Contents

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Almond Ingredients Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Rapid Increase in Almond-Based Products in the Food & Beverage Industry
5.1.1.2. Growing Inclination of Consumers Towards Organic Cosmetics
5.1.2. Restraints
5.1.2.1. Fluctuations in the Prices of Raw Materials
5.1.3. Opportunities
5.1.3.1. Government and Organizations Promoting the Nut Ingredient Industry
5.1.3.2. Adoption of Sustainable Practices in Almond Production
5.1.4. Challenges
5.1.4.1. Food Safety Issues Along the Supply Chain of Almond Trading
5.2. Market Segmentation Analysis
5.2.1. Type: Increasing adoption of whole almonds as nutritious snack
5.2.2. Application: Integration of almond ingredients in bars for their nutrient-dense profile
5.3. Market Trend Analysis
5.4. Cumulative Impact of COVID-19
5.5. Cumulative Impact of Russia-Ukraine Conflict
5.6. Cumulative Impact of High Inflation
5.7. Porter’s Five Forces Analysis
5.7.1. Threat of New Entrants
5.7.2. Threat of Substitutes
5.7.3. Bargaining Power of Customers
5.7.4. Bargaining Power of Suppliers
5.7.5. Industry Rivalry
5.8. Value Chain & Critical Path Analysis
5.9. Regulatory Framework
5.10. Client Customization
6. Almond Ingredients Market, by Type
6.1. Introduction
6.2. Almond Flour
6.3. Almond Milk
6.4. Almond oil
6.5. Almond Pieces
6.6. Crocants
6.7. Flavor extracts
6.8. Sablages
6.9. Whole Almonds
7. Almond Ingredients Market, by Application
7.1. Introduction
7.2. Artisan Foods
7.3. Bakery
7.4. Bars
7.5. Confectionery
7.6. Cosmetic Applications
7.7. Food Services
7.8. Milk Substitutes & Ice Creams
7.9. Nut & Seed Butters
7.10. RTE Cereals
7.11. Salads
7.12. Sauces
7.13. Snacks
8. Americas Almond Ingredients Market
8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States
9. Asia-Pacific Almond Ingredients Market
9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam
10. Europe, Middle East & Africa Almond Ingredients Market
10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom
11. Competitive Landscape
11.1. FPNV Positioning Matrix
11.2. Market Share Analysis, By Key Player
11.3. Competitive Scenario Analysis, By Key Player
11.3.1. Merger & Acquisition
11.3.1.1. Flagstone Foods acquires Emerald Nuts
11.3.2. Agreement, Collaboration, & Partnership
11.3.2.1. Blue Diamond and Brightseed Partner To Discover the Spectrum of Health-Benefiting Bioactive Compounds in California Almonds
11.3.3. New Product Launch & Enhancement
11.3.3.1. Califia Farms Launches Organic Oatmilk and Almond Milk, Made With 3 Simple Ingredients
12. Competitive Portfolio
12.1. Key Company Profiles
12.1.1. Archer Daniels Midland Company
12.1.2. Barry Callebaut AG
12.1.3. Blue Diamond Growers
12.1.4. Borges Agricultural & Industrial Nuts, SA
12.1.5. ConnOils LLC
12.1.6. DePalma Farms
12.1.7. Döhler GmbH
12.1.8. Elmhurst Milked Direct, LLC
12.1.9. ETChem
12.1.10. Harris Woolf California Almonds
12.1.11. Heritage Foods Limited
12.1.12. John B. Sanfilippo & Son, Inc.
12.1.13. Kanegrade Ltd.
12.1.14. Malk Organics LLC
12.1.15. Modern Ingredients
12.1.16. Nut Producers Australia Pty. Ltd.
12.1.17. Olam Group Limited
12.1.18. Royal Nut Company
12.1.19. Savencia SA
12.1.20. Shivam Cashew Industry
12.1.21. SOKOL Custom Food Ingredients
12.1.22. Three Trees Organics
12.1.23. Treehouse California Almonds, LLC
12.1.24. Windsor Chocolatier
12.2. Key Product Portfolio
13. Appendix
13.1. Discussion Guide
13.2. License & Pricing
List of Figures
FIGURE 1. ALMOND INGREDIENTS MARKET RESEARCH PROCESS
FIGURE 2. ALMOND INGREDIENTS MARKET SIZE, 2022 VS 2030
FIGURE 3. ALMOND INGREDIENTS MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. ALMOND INGREDIENTS MARKET SIZE, BY REGION, 2022 VS 2030 (%)
FIGURE 5. ALMOND INGREDIENTS MARKET SIZE, BY REGION, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 6. ALMOND INGREDIENTS MARKET DYNAMICS
FIGURE 7. ALMOND INGREDIENTS MARKET SIZE, BY TYPE, 2022 VS 2030 (%)
FIGURE 8. ALMOND INGREDIENTS MARKET SIZE, BY TYPE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 9. ALMOND INGREDIENTS MARKET SIZE, BY APPLICATION, 2022 VS 2030 (%)
FIGURE 10. ALMOND INGREDIENTS MARKET SIZE, BY APPLICATION, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 11. AMERICAS ALMOND INGREDIENTS MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 12. AMERICAS ALMOND INGREDIENTS MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 13. UNITED STATES ALMOND INGREDIENTS MARKET SIZE, BY STATE, 2022 VS 2030 (%)
FIGURE 14. UNITED STATES ALMOND INGREDIENTS MARKET SIZE, BY STATE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 15. ASIA-PACIFIC ALMOND INGREDIENTS MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 16. ASIA-PACIFIC ALMOND INGREDIENTS MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 17. EUROPE, MIDDLE EAST & AFRICA ALMOND INGREDIENTS MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 18. EUROPE, MIDDLE EAST & AFRICA ALMOND INGREDIENTS MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 19. ALMOND INGREDIENTS MARKET, FPNV POSITIONING MATRIX, 2022
FIGURE 20. ALMOND INGREDIENTS MARKET SHARE, BY KEY PLAYER, 2022

Companies Mentioned

  • Archer Daniels Midland Company
  • Barry Callebaut AG
  • Blue Diamond Growers
  • Borges Agricultural & Industrial Nuts, SA
  • ConnOils LLC
  • DePalma Farms
  • Döhler GmbH
  • Elmhurst Milked Direct, LLC
  • ETChem
  • Harris Woolf California Almonds
  • Heritage Foods Limited
  • John B. Sanfilippo & Son, Inc.
  • Kanegrade Ltd.
  • Malk Organics LLC
  • Modern Ingredients
  • Nut Producers Australia Pty. Ltd.
  • Olam Group Limited
  • Royal Nut Company
  • Savencia SA
  • Shivam Cashew Industry
  • SOKOL Custom Food Ingredients
  • Three Trees Organics
  • Treehouse California Almonds, LLC
  • Windsor Chocolatier

Methodology

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Table Information