Almond Ingredients Market Size, Share, Trends, Growth 2032

Almond Ingredients Market Insights

According to Zion Market Research, the global Almond Ingredients Market was worth USD 24.21 Billion in 2023. The market is forecast to reach USD 53.89 Billion by 2032, growing at a compound annual growth rate (CAGR) of 9.3% during the forecast period 2024-2032.

The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Almond Ingredients industry over the next decade.

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Almond Ingredients Market: Growth Drivers

The massive growth of the almond ingredients industry over the forecast period is attributed to massive functional applications of the almond based-products as an antioxidant, natural food conserving additive, and dietary supplements. Additionally, almond ingredients also find lucrative applications in cosmetics & pharmaceutical industries. Furthermore, almond shells are used as mulch and natural colorants and this will create new growth avenues for the almond ingredients market over the forecast period.

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In addition to this, almond milk is used in effectively treating hypertension and this will further boost the market trends over the forecast period.

Our report offers market attractiveness analysis in an accurate manner, thereby helping the purchaser in unfurling the huge growth potential of the almond ingredients market over the timespan from 2019 to 2025. The study also delves deeply into the market insights over the period from 2018 to 2022.

Almond Ingredients Market: Segmentation

The market is segmented into application, type, and region.

Application-wise, the almond ingredients industry is segmented into Milk Substitutes & Ice Creams, Bakery & Confectionery, Snacks & Bars, RTE Cereals, and Cosmetics. Apparently, the snacks & bars segment is predicted to dominate the application segment. The growth of the segment during the forecast timeline is attributed to nutritive & health benefits offered due to snacks & bars intake.

Type-wise, the market is sectored into Milk, Pieces, Oil, Extracts, Flour, Whole, and Paste.  

Almond Ingredients Market: Report Scope

Almond Ingredients Market: Regional Analysis

Region-wise, the industry is divided into North America, Europe, the Middle East, and Africa, Asia Pacific, and Latin America. Europe is slated to contribute notably towards the overall market share by 2025. The regional market growth over the forecast timeline is owing to the large-scale use of almond-based snacks due to their health advantages. Moreover, humungous demand for nutritious diet and concerns over prominent inflation in the rate of obesity in the regional population will further drive the regional market growth trends over the coming years. Apart from this, the surge in the natural & low-sugar ingredient demand in Europe will spur the market growth in the continent over the forecast period.

Almond Ingredients Market: Competitive Analysis

The global almond ingredients market is led by players like:

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

The global almond ingredients market is segmented as follows:

By Application

• Bakery & Confectionery
• RTE Cereals
• Snacks & Bars
• Milk Substitutes & Ice Creams
• Cosmetics

By Type

• Pieces
• Extracts
• Whole
• Milk
• Flour
• Oil
• Paste

By Region

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa