Almond Ingredients Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Global almond ingredients market is segmented by Type (Whole Almond, Almond Pieces, Almond Flour, Almond Paste, Almond Milk, and Others), Application (Bakery, Dairy, Confectionery, Sweet and Savory Snacks, and Other Applications), and Geography.

Market Snapshot

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Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Europe
CAGR: 10.35 %

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Market Overview

The global almond ingredients market is estimated to grow, witnessing a CAGR of 10.35% during the forecast period (2020-2025).

  • Almond ingredients provide the rich nutritional value to the consumers. The high presence of minerals and nutrients made the almond ingredients versatile and healthy ingredients which are added to the different types of food applications.
  • The consumer adopting a healthy lifestyle and seeking the source of health-conscious food which is further accelerating the global almond ingredients market. Almond ingredients are added in different food application and also offers numerous nutritional benefits including vitamin, protein, carbohydrate, fiber, fat, minerals and others.
  • Additionally, growing consumption of plant-based food is further providing opportunities for several almond ingredients such as almond milk, paste, and others.

Scope of the Report

The scope of the market includes the segmentation of the almond ingredient products by type under whole almonds, almond pieces, almond flour, almond paste, almond paste, almond milk and others. The almond ingredients are used in several food applications such as bakery, dairy, confectionery, sweet and savory snacks and others.

By Type
Whole Almond
Almond Pieces
Almond Flour
Almond Paste
Almond Milk
Others (Almond Oil, Almond Extract, Etc.)
By Application
Bakery
Dairy
Confectionery
Sweet and Savory Snacks
Other Applications
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Russia
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
United Arab Emirates
South Africa
Rest of Middle East and Africa

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Key Market Trends

Consumer Demand For Convenient and Healthy On-The-Go Snack Options

Health and wellness, coupled with the convenience trend, has been a major influential factor behind the rising demand for snack bars across developed and developing economies. The rising demand for healthy snacking options such as snack bars is also is a key contributor towards the almond ingredients market as several cereals-based and granola snack bar manufacturers are incorporating almond-based ingredients to give provide healthier snack bar alternatives for the consumers. The growing market was snack bars across the world also gives lucrative opportunities for the almond ingredient manufacturers to grow as ingredients such as almond flakes/pieces, almond flour, almond extracts are extensively used in the production procedures of several healthy snack bars. 

trend 1

European Market Leading The Way Across the World

Europe was estimated to the largest market in terms of the region across the world. The region is witnessing a growing trend in the usage of almond-based snacks due to the health benefits they offer. The rise in demand for high nutritious food and the concerns of a significant population with a high obesity rate has been some of the leading reasons behind the growth of this market over the past several years. The rising demand for natural and low-sugar ingredients in the region is also driving the almond ingredients market in Europe. Moreover, countries in the developing regions of the Asia-Pacific region have driven the region to register the fastest growth rate than any other region.

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Competitive Landscape

The key players in the almond ingredients market include Archer Daniels Midland Company, Olam International Limited, Barry Callebaut Group, Blue Diamond Growers, John B. Sanfilippo & Son, Borges Agricultural & Industrial Nuts, Savencia SA, Kanegrade Limited, Royal Nut Company, and Döhler GmbH. Market players adopted various business strategies such as expansions, new product launches, agreements, partnerships, collaborations, and acquisitions in the last few years to meet the growing demand for almond ingredients.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porters 5 Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Whole Almond

      2. 5.1.2 Almond Pieces

      3. 5.1.3 Almond Flour

      4. 5.1.4 Almond Paste

      5. 5.1.5 Almond Milk

      6. 5.1.6 Others (Almond Oil, Almond Extract, Etc.)

    2. 5.2 By Application

      1. 5.2.1 Bakery

      2. 5.2.2 Dairy

      3. 5.2.3 Confectionery

      4. 5.2.4 Sweet and Savory Snacks

      5. 5.2.5 Other Applications

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Italy

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East and Africa

        1. 5.3.5.1 United Arab Emirates

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Archer Daniels Midland Company

      2. 6.4.2 Blue Diamond Growers

      3. 6.4.3 John B. Sanfilippo & Son

      4. 6.4.4 Borges Agricultural & Industrial Nuts SA

      5. 6.4.5 Royal Nut Company

      6. 6.4.6 Dohler GmbH

      7. 6.4.7 Olam International Limited

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Almond Ingredients Market market is studied from 2016 - 2026.

The Almond Ingredients Market is growing at a CAGR of 10.35% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2020.

Archer Daniels Midland Company, Blue Diamond Growers, John B. Sanfilippo & Son, Borges Agricultural & Industrial Nuts SA, Royal Nut Company are the major companies operating in Almond Ingredients Market.

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