Almond Ingredients Market To Witness Towering Growth And Surpass $53.89 Billion By 2032

As per experts at Zion Market Research, the global almond ingredients market was capitalized at 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 development of this market is credited to the inclusions of health-based ingredients, increasing snack food sector, organizations & associations marketing almond ingredients sector, firms swiftly rolling out almond-based goods, and technological improvements allowing the trade of raw material. On the other hand, cases of allergies related to tree nuts and the increasing costs of raw material act as hampering factors to the development of the almond ingredients market.

The major companies active in the global almond ingredients market are Olam International Limited, Archer Daniels Midland Company, Blue Diamond Growers, Barry Callebaut Group, Borges Agricultural & Industrial Nuts, John B. Sanfilippo & Son, Kanegrade Limited, Savencia SA, Harris Woolf California Almonds, The Wonderful Company, Royal Nut Company, Treehouse California Almond, and Döhler GmbH.

Snacks & Bars Segment Projected To Add Up For The Biggest Piece Of The Global Almond Ingredients Market In The Forecast Period

The snacks & bars segment of the almond ingredients market is expected to have the biggest share by the end of 2025. Almonds are primarily eaten as a snack all over the globe owing to their nutritional advantages. In addition to this, users recognize them as a healthy and natural snack alternative. The natural and organic snacks food segment is a developing segment in supermarkets all over the globe. Owing to these factors, the snacks & bars section is anticipated to add up for a bigger share of the global almond ingredients market.

Whole Almonds Segment Anticipated To Grab A Huge Share In The Global Almond Ingredients Market

The whole almonds segment of the almond ingredients market is also anticipated to have the biggest share by 2025. Natural whole almonds are appropriate for different applications such as confectionery, snacks, and bakery. In addition to this, they are very versatile. Owing to their multifunctional characteristics, the requirement for whole almonds is more. Furthermore, owing to the rising employment of almond as snacks, the global market is anticipated to see an elevated rise in the demand. These factors are accountable for the rising share of whole almonds in the global almond ingredients market.

Europe Expected To Add Up For The Biggest Share Of The Global Almond Ingredients Market In The Years To Come

Regionally, Europe added up for a 52.6% share of the global market in terms of value in 2019. The area is undergoing a rising trend in the employment of almond-based snacks owing to the health advantages they provide. The concerns of a noteworthy population with a high obesity rate and the increment in requirement for high nutritious food have been some of the major factors responsible for the development of the global market in the past few years. The increasing demand for low-sugar and natural ingredients in the area is also boosting the European almond ingredients market.

This review is based on a report by Zion Market Research, titled “Almond Ingredients Market by Application (Bakery & Confectionery, Snacks & Bars, Nut & Seed Butters, Milk Substitutes & Ice creams, Cosmetics, RTE Cereals), Type (Pieces, Whole, Flour, Paste, Oil, Milk, Extracts), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 – 2032?” report at https://www.zionmarketresearch.com/report/almond-ingredients-market

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

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