Global Almond Ingredients Market to be Driven by Rapid Almond based Product Launches by Key Players in the Forecast Period of 2021-2026

Posted By : mathewwilliams on 2021-12-07   15:11:52    United States
  Almond Ingredients Market | Global Almond Ingredients Industry Report Size Share Growth Price Analysis Trends Outlook and Forecast 2021-2026

Description

The new report by Expert Market Research titled, ‘Global Almond Ingredients Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global almond ingredients market, assessing the market based on its segments like type, application, and regional market among others. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

Get a Free Sample Report with Table of Contents - https://www.expertmarketresearch.com/reports/almond-ingredients-market-report/requestsample

The key highlights of the report include:

Market Overview (2016-2026)

• Historical Market Size (2020): 9.2 billion USD
• Forecast CAGR (2021-2026): 10.46%
• Forecast Market Size (2026): 16.7 billion USD

The growing snack food industry, the inclusion of health-based ingredients, the increasing incorporation of almond-based goods, associations and organisations supporting the almond ingredients sector, and technological advances allowing raw material trade are all contributing to the market growth of almond ingredients. The growing demand for almonds causes a demand-supply mismatch, resulting in higher almond prices throughout the world. Furthermore, one of the issues confronting the almond ingredients market in the projected period is the rise in occurrences of almond allergy or consumer intolerance. One of the factors that are restricting and thus affecting the demand for almond products is the constantly changing almond price. The expansion of the almond ingredients market is further constrained by growing raw material prices and incidences of allergies to plant nuts. The continual rise in the number of almond-based goods is mostly due to rising demand for nutritious and health-related products. In industrialised countries such as the United States, Germany, and the United Kingdom, a growing obese and geriatric population need food items containing nut components, particularly almonds. To avoid illnesses, consumers are progressively adopting healthy eating practises. Growing health awareness, rising chronic disease risk, and changing lifestyles are all driving demand for healthier products.

Industry Definition and Major Segments

Almonds are a nutrient-dense food that contains carbs, protein, vitamins, and other minerals. Almond ingredients are almond goods, which come in a variety of forms such as bits, flour, milk, and other items. Almonds have beneficial health properties, and a large portion of the population consumes them. Customers who have a lactose sensitivity, for example, frequently utilise almond milk and the almond component. Almond components are also frequently utilised in bakery, confectionery, candies and bars, ice creams, and other applications. Food and beverage producers use a variety of marketing tactics to fulfil customer demand, including product line expansions, creative formulas, and inventive packaging. Manufacturers are working on new goods with fewer desired components like fats and carbohydrates for health-conscious consumers. Furthermore, in recent years, goods labelled as "natural" have become the most popular. Consumers are also drawn to product launches that promise to be additive-free and use clean-label ingredients.

Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/almond-ingredients-market-report

On the basis of Type, almond ingredients market is segmented into:

• Whole Almonds
• Almond Pieces
• Almond Flour
• Almond Milk
• Others

Based on the Application, almond ingredients market is divided into:

• Bakery and Confectionery
• Milk Substitutes and Ice Creams
• Nut and Seed Butters
• RTE Cereals
• Others

The major regional markets of almond ingredients market are:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Trends

The rising desire for luxury food products that are positioned as healthy and are gaining popular with all generations in emerging nations is boosting the demand for almond ingredients. The demand for almond-based food and beverage items has been fueled by rising spending power, increased urbanisation, and changing lifestyles. Clean-label products are becoming increasingly popular among Asian Pacific consumers. Furthermore, people are becoming more conscious of the negative consequences of hazardous substances on their health. Several organisations and groups work to promote the health advantages of almond ingredients to establish a market where food and beverage companies may grow their operations in these new countries. Vegan goods are also becoming more popular, thanks to marketing initiatives that promote their use and the health benefits they provide. Countries such as Australia, China, and India are anticipated to have a substantial growth in demand for almond components over the forecast period, owing to a rise in consumer preference for vegan diets.

Key Market Players

The major players in the market are Archer Daniels Midland Company (NYSE: ADM), Olam International Limited, Barry Callebaut Group, Blue Diamond Growers, John B. Sanfilippo & Son, Borges Agricultural & Industrial Nuts (Bain), Savencia SA, Kanegrade Limited, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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About Author

mathewwilliams Sheridan United States
My name is Mathew Williams work for Expert Market Research as a senior SEO executive. More info you can visit our company website - https://www.expertmarketresearch.com/

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