The global almond butter market size is anticipated to reach USD 1,284.1 million by 2030. The market is expected to grow at a CAGR of 7.8% from 2023 to 2030, in terms of revenue. Consumption of plant-based products has increased as a result of the rising popularity of natural and organic diets. The increasing utilization of almond butter as an ingredient in the food & beverages processing industry and cosmetics industries is driving the growth.
The COVID-19 pandemic had a significant impact on the almond butter industry. Due to lockdowns and stay-at-home orders, there was a surge in demand for pantry staples and plant-based food products, including almond butter. On the other hand, supply chain disruptions, and reduced trade have affected the almond industry and impacted the availability and pricing of almond butter.
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The COVID-19 pandemic had a significant impact on the almond butter industry. Due to lockdowns and stay-at-home orders, there was a surge in demand for pantry staples and plant-based food products, including almond butter. On the other hand, supply chain disruptions, and reduced trade have affected the almond industry and impacted the availability and pricing of almond butter.
Almond Butter Market Report Highlights
- Based on nature, the conventional segment accounted for the largest revenue share of 88.6% in 2022. The organic segment is expected to grow at the fastest CAGR of 10.6% over the forecast period owing to the increasing health awareness and adoption of cruelty-free and non-chemical-based products.
- Based on the distribution channel, the B2B segment dominated the market and is expected to retain its position over the forecast period owing to the increasing demand from end-use industries such as the food & beverage processing industry. The B2B segment is expected to grow at a CAGR of 7.6% over the forecast period
- Europe held the largest market share of 36.3% in 2022 and is expected to retain its dominance over the forecast period due to the presence of key players such as Petrow Food Group, Biona Organic, Two Nods Nut Butter, among others
- Asia Pacific is anticipated to expand at a CAGR of 8.5% over the forecast period. The growth is primarily attributed to the increasing consumption of almond butter due to the increasing presence of startups such as Nutty Yogi, Happy Jars, and Open Secret among others, and the growing cosmetic market in developed countries such as China, Japan, and India
- Mergers & acquisitions, agreements, R&D activities, and expansions are the key strategies adopted by the companies over the past years. For instance, in February 2022, Nuts 'N More launched its range of gluten-free, all-natural, high in protein, non-GMO, low-sugar almond butter spread. The primary goal behind the new product development is to expand the product portfolio and cater to more customers
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Table of Contents
Chapter 1 Methodology and Scope1.1 Market Segmentation and Scope
1.2 Market Definition
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Internal Database
1.3.3 Secondary Sources
1.3.4 Third - Party Perspective
1.3.5 Primary Research
1.3.6 Primary Sources
1.4 Information Analysis
1.4.1 Data Analysis Models
1.5 Research Scope and Assumptions
Chapter 2 Executive Summary
Chapter 3 Almond Butter Market: Industry Outlook
3.1 Market Introduction
3.2 Penetration and Growth Prospect Mapping
3.3 Global Almond Butter Market: Value Chain Analysis
3.4 Global Almond Butter Market: Market Dynamics
3.4.1 Market Driver Analysis
3.4.2 Market restraint Analysis
3.4.3 Market Opportunity Analysis
3.4.4 Market Challenges Analysis
3.5 Global Almond Butter Market - Porter’s Five Forces Analysis
3.6 Global Almond Butter Market - Roadmap
3.7 Global Almond Butter Market - Market Entry Strategy
3.8 Global Almond Butter Market - Impact of COVID 19
Chapter 4 Almond Butter Market: Consumer Behavior Analysis
4.1 Demographic Analysis
4.2 Consumer Trends & Preferences
4.3 Factors Influencing Buying Behavior
4.4 Consumer Product Adoption Trends
4.5 Key Observations & Findings
Chapter 5 Global almond butter market: Nature estimates and trend analysis
5.1 Global almond butter market: Nature movement analysis and market share, 2018 and 2030
5.2 Organic
5.2.1 Global almond butter market estimates and forecasts for organic, 2018 - 2030 (USD Million)
5.3 Conventional
5.3.1 Global almond butter market estimates and forecasts for conventional, 2018 - 2030 (USD Million)
Chapter 6 Global almond butter market: Distribution channel estimates and trend analysis
6.1 Global almond butter market: Distribution channel movement analysis and market share, 2018 and 2030
6.2 B2B
6.2.1 Global almond butter market estimates and forecasts for B2B, 2018 - 2030 (USD Million)
6.2.2 HoReCa
6.2.2.1 Global almond butter market estimates and forecasts for HoReCa, 2018 - 2030 (USD Million)
6.2.3 Food & beverage processing industry
6.2.3.1 Global almond butter market estimates and forecasts for the food & beverage processing industry, 2018 - 2030 (USD Million)
6.2.4 Personal care & cosmetic industry
6.2.4.1 Global almond butter market estimates and forecasts for personal care & cosmetic industry, 2018 - 2030 (USD Million)
6.3 B2C
6.3.1 Global almond butter market estimates and forecasts for B2C, 2018 - 2030 (USD Million)
6.3.2 Hypermarkets & Supermarkets
6.3.2.1 Global almond butter market estimates and forecasts for hypermarkets & supermarkets, 2018 - 2030 (USD Million)
6.3.3 Convenience stores
6.3.3.1 Global almond butter market estimates and forecasts for convenience stores, 2018 - 2030 (USD Million)
6.3.4 Online
6.3.4.1 Global almond butter market estimates and forecasts for online, 2018 - 2030 (USD Million)
6.3.5 Other
6.3.5.1 Global almond butter market estimates and forecasts for other, 2018 - 2030 (USD Million)
Chapter 7 Almond butter market: Regional estimates and trend analysis
7.1 Almond butter market: Regional movement analysis and market share, 2020 and 2030
7.2 North America
7.2.1 North America almond butter market estimates and forecasts, 2018 - 2030 (USD Million)
7.2.2 North America almond butter market estimates and forecasts, by nature, 2018 - 2030 (USD Million)
7.2.3 North America almond butter market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
7.2.4 U.S.
7.2.4.1 U.S. almond butter market estimates and forecasts, 2018 - 2030 (USD Million)
7.2.4.2 U.S. almond butter market estimates and forecasts, by nature, 2018 - 2030 (USD Million)
7.2.4.3 U.S. almond butter market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
7.2.5 Canada
7.2.5.1 Canada almond butter market estimates and forecasts, 2018 - 2030 (USD Million)
7.2.5.2 Canada almond butter market estimates and forecasts, by nature, 2018 - 2030 (USD Million)
7.2.5.3 Canada almond butter market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
7.3 Europe
7.3.1 Europe almond butter market estimates and forecasts, 2018 - 2030 (USD Million)
7.3.2 Europe almond butter market estimates and forecasts, by nature, 2018 - 2030 (USD Million)
7.3.3 Europe almond butter market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
7.3.4 Germany
7.3.4.1 Germany almond butter market estimates and forecasts, 2018 - 2030 (USD Million)
7.3.4.2 Germany almond butter market estimates and forecasts, by nature, 2018 - 2030 (USD Million)
7.3.4.3 Germany almond butter market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
7.3.5 France
7.3.5.1 France almond butter market estimates and forecasts, 2018 - 2030 (USD Million)
7.3.5.2 France almond butter market estimates and forecasts, by nature, 2018 - 2030 (USD Million)
7.3.5.3 France almond butter market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
7.3.6 U.K.
7.3.6.1 U.K. almond butter market estimates and forecasts, 2018 - 2030 (USD Million)
7.3.6.2 U.K. almond butter market estimates and forecasts, by nature, 2018 - 2030 (USD Million)
7.3.6.3 U.K. almond butter market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
7.4 Asia Pacific
7.4.1 Asia Pacific almond butter market estimates and forecasts, 2018 - 2030 (USD Million)
7.4.2 Asia Pacific almond butter market estimates and forecasts, by nature, 2018 - 2030 (USD Million)
7.4.3 Asia Pacific almond butter market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
7.4.4 China
7.4.4.1 China almond butter market estimates and forecasts, 2018 - 2030 (USD Million)
7.4.4.2 China almond butter market estimates and forecasts, by nature, 2018 - 2030 (USD Million)
7.4.4.3 China almond butter market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
7.4.5 Japan
7.4.5.1 Japan almond butter market estimates and forecasts, 2018 - 2030 (USD Million)
7.4.5.2 Japan almond butter market estimates and forecasts, by nature, 2018 - 2030 (USD Million)
7.4.5.3 Japan almond butter market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
7.4.6 India
7.4.6.1 India almond butter market estimates and forecasts, 2018 - 2030 (USD Million)
7.4.6.2 India almond butter market estimates and forecasts, by nature, 2018 - 2030 (USD Million)
7.4.6.3 India almond butter market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
7.5 Central and South America
7.5.1 Central and South America almond butter market estimates and forecasts, 2018 - 2030 (USD Million)
7.5.2 Central and South America almond butter market estimates and forecasts, by nature, 2018 - 2030 (USD Million)
7.5.3 Central And South America almond butter market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
7.5.4 Brazil
7.5.4.1 Brazil almond butter market estimates and forecasts, 2018 - 2030 (USD Million)
7.5.4.2 Brazil almond butter market estimates and forecasts, by nature, 2018 - 2030 (USD Million)
7.5.4.3 Brazil almond butter market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
7.6 Middle East and Africa
7.6.1 Middle East and Africa almond butter market estimates and forecasts, 2018 - 2030 (USD Million)
7.6.2 Middle East and Africa almond butter market estimates and forecasts, by nature, 2018 - 2030 (USD Million)
7.6.3 Middle East and Africa almond butter market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
7.6.4 South Africa
7.6.4.1 South Africa almond butter market estimates and forecasts, 2018 - 2030 (USD Million)
7.6.4.2 South Africa almond butter market estimates and forecasts, by nature, 2018 - 2030 (USD Million)
7.6.4.3 South Africa almond butter market estimates and forecasts, by distribution channel, 2018 - 2030 (USD Million)
Chapter 8 Competitive Landscape
8.1 Recent Developments and Impact Analysis, By Key Market Participants
8.3 Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
8.4 Vendor Landscape
8.4.1 Company market share analysis, 2022 (%)
Chapter 9 Company Profiles
9.1 Hormel Foods Corporation
9.1.1 Company overview
9.1.2 Financial performance
9.1.3 Product benchmarking
9.1.4 Strategic initiatives
9.2 BARNEY BUTTER
9.2.1 Company overview
9.2.2 Financial performance
9.2.3 Product benchmarking
9.2.4 Strategic initiatives
9.3 Nutty Novelties
9.3.1 Company overview
9.3.2 Financial performance
9.3.3 Product benchmarking
9.3.4 Strategic initiatives
9.4 8th Avenue Food & Provisions
9.4.1 Company overview
9.4.2 Product benchmarking
9.4.3 Strategic initiatives
9.5 Hallstar
9.5.1 Company overview
9.5.2 Product benchmarking
9.5.3 Strategic initiatives
9.6 The Hain Celestial Group, Inc.
9.6.1 Company overview
9.6.2 Financial performance
9.6.2 Product benchmarking
9.6.3 Strategic initiatives
9.7 Cache Creek Foods
9.7.1 Company overview
9.7.2 Product benchmarking
9.7.3 Strategic initiatives
9.8 Nuts 'N More
9.8.1 Company overview
9.8.2 Product benchmarking
9.8.3 Strategic initiatives
9.9 Once Again
9.9.1 Company overview
9.9.2 Product benchmarking
9.9.3 Strategic initiatives
9.10 SOPHIM IBERIA S.L
9.10.1 Company overview
9.10.2 Product benchmarking
9.10.3 Strategic initiatives
Chapter 10 KoL Commentary
List of Tables
Table 1 Global almond butter market estimates and forecasts for nature, 2018 - 2030 (USD Million)
Table 2 Global almond butter market estimates and forecasts for organic, 2018 - 2030 (USD Million)
Table 3 Global almond butter market estimates and forecasts for conventional, 2018 - 2030 (USD Million)
Table 4 Global almond butter market estimates and forecasts for distribution channel, 2018 - 2030 (USD Million)
Table 5 Global almond butter market estimates and forecasts for B2B, 2018 - 2030 (USD Million)
Table 6 Global almond butter market estimates and forecasts for HoReCa, 2018 - 2030 (USD Million)
Table 7 Global almond butter market estimates and forecasts for food & beverage processing industry, 2018 - 2030 (USD Million)
Table 8 Global almond butter market estimates and forecasts for personal care & cosmetic industry, 2018 - 2030 (USD Million)
Table 9 Global almond butter market estimates and forecasts for B2C, 2018 - 2030 (USD Million)
Table 10 Global almond butter market estimates and forecasts for hypermarkets & supermarkets, 2018 - 2030 (USD Million)
Table 11 Global almond butter market estimates and forecasts for convenience stores, 2018 - 2030 (USD Million)
Table 12 Global almond butter market estimates and forecasts for online, 2018 - 2030 (USD Million)
Table 13 Global almond butter market estimates and forecasts for others, 2018 - 2030 (USD Million)
Table 14 North America almond butter market estimates and forecasts, 2018 - 2030 (USD Million)
Table 15 North America almond butter market revenue by nature, 2018 - 2030 (USD Million)
Table 16 North America almond butter market revenue by distribution channel, 2018 - 2030 (USD Million)
Table 17 U.S. almond butter market estimates and forecasts, 2018 - 2030 (USD Million)
Table 18 U.S. almond butter market revenue by nature, 2018 - 2030 (USD Million)
Table 19 U.S. almond butter market revenue by distribution channel, 2018 - 2030 (USD Million)
Table 20 Canada almond butter market estimates and forecasts, 2018 - 2030 (USD Million)
Table 21 Canada almond butter market revenue by nature, 2018 - 2030 (USD Million)
Table 22 Canada almond butter market revenue by distribution channel, 2018 - 2030 (USD Million)
Table 23 Europe almond butter market estimates and forecasts, 2018 - 2030 (USD Million)
Table 24 Europe almond butter market revenue by nature, 2018 - 2030 (USD Million)
Table 25 Europe almond butter market revenue by distribution channel, 2018 - 2030 (USD Million)
Table 26 Germany almond butter market estimates and forecasts, 2018 - 2028 (USD Million)
Table 27 Germany almond butter market revenue by nature, 2018 - 2030 (USD Million)
Table 28 Germany almond butter market revenue by distribution channel, 2018 - 2030 (USD Million)
Table 29 France almond butter market estimates and forecasts, 2018 - 2030 (USD Million)
Table 30 France almond butter market revenue by nature, 2018 - 2030 (USD Million)
Table 31 France almond butter market revenue by distribution channel, 2018 - 2030 (USD Million)
Table 32 U.K. almond butter market estimates and forecasts, 2018 - 2030 (USD Million)
Table 33 U.K. almond butter market revenue by nature, 2018 - 2030 (USD Million)
Table 34 U.K. almond butter market revenue by distribution channel, 2018 - 2030 (USD Million)
Table 35 Asia Pacific almond butter market estimates and forecasts, 2018 - 2030 (USD Million)
Table 36 Asia Pacific almond butter market revenue by nature, 2018 - 2030 (USD Million)
Table 37 Asia Pacific almond butter market revenue by distribution channel, 2018 - 2030 (USD Million)
Table 38 China almond butter market estimates and forecasts, 2018 - 2030 (USD Million)
Table 39 China almond butter market revenue by nature, 2018 - 2030 (USD Million)
Table 40 China almond butter market revenue by distribution channel, 2018 - 2030 (USD Million)
Table 41 Japan almond butter market estimates and forecasts, 2018 - 2030 (USD Million)
Table 42 Japan almond butter market revenue by nature, 2018 - 2030 (USD Million)
Table 43 Japan almond butter market revenue by distribution channel, 2018 - 2030 (USD Million)
Table 44 India almond butter market estimates and forecasts, 2018 - 2030 (USD Million)
Table 45 India almond butter market revenue by nature, 2018 - 2030 (USD Million)
Table 46 India almond butter Market revenue by distribution channel, 2018 - 2030 (USD Million)
Table 47 Central and South America almond butter market estimates and forecasts, 2018 - 2030 (USD Million)
Table 48 Central and South America almond butter market revenue by nature, 2018 - 2030 (USD Million)
Table 49 Central and South America almond butter market revenue by distribution channel, 2018 - 2030 (USD Million)
Table 50 Brazil almond butter market estimates and forecasts, 2018 - 2030 (USD Million)
Table 51 Brazil almond butter market revenue by nature, 2018 - 2030 (USD Million)
Table 52 Brazil almond butter market revenue by distribution channel, 2018 - 2030 (USD Million)
Table 53 Middle East and Africa almond butter market estimates and forecasts, 2018 - 2030 (USD Million)
Table 54 Middle East and Africa almond butter market revenue by nature, 2018 - 2030 (USD Million)
Table 55 Middle East and Africa almond butter market revenue by distribution channel, 2018 - 2030 (USD Million)
Table 56 South Africa almond butter market estimates and forecasts, 2018 - 2030 (USD Million)
Table 57 South Africa almond butter market revenue by nature, 2018 - 2030 (USD Million)
Table 58 South Africa almond butter market revenue by distribution channel, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 Global almond butter market segmentation and scope
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Primary research process
Fig. 5 Penetration and growth prospect mapping (USD Million)
Fig. 6 Global almond butter market: Value chain analysis
Fig. 7 Global almond butter market: Nature movement analysis and market revenue share, 2022 and 2030
Fig. 8 Global almond butter market: Distribution channel movement analysis and market revenue share, 2022 and 2030
Fig. 9 Global almond butter market: Regional movement analysis and market revenue share, 2022 and 2030 (%)
Companies Mentioned
- Hormel Foods Corporation
- BARNEY BUTTER
- Nutty Novelties
- 8th Avenue Food & Provisions
- Hallstar
- The Hain Celestial Group, Inc.
- Cache Creek Foods
- Nuts 'N More
- Once Again
- SOPHIM IBERIA S.L
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | March 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 705.7 Million |
| Forecasted Market Value ( USD | $ 1284.1 Million |
| Compound Annual Growth Rate | 7.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
