Market Trends of Almond Protein Industry
This section covers the major market trends shaping the Almond Protein Market according to our research experts:
Nutritional Segment Holds Major Share of the Market
The protein supplement market for sports drinks is quite prominent in North America, where there is healthy competition among other protein beverages and increased demand for almond protein beverages. Manufacturers are launching innovative and healthy approached products consisting of almond protein and expanding their business, globally. These products are gaining praises of vegan and highly health-conscious consumers. For instance, the launch of Almond Pro™ protein powder containing 65% less fat and 60% more protein was a real hit in the market.
North America Capture the Largest Market Share
The market for plant-proteins is growing at a faster pace, owing to change in lifestyle, lack of balanced dietary intake, and improved R&D, in order to develop new kinds of almond-protein enriched products. The United States continues to capture the largest market share for almond protein, followed by Canada and Mexico, in the region. Moreover, California is the only state that produces almonds commercially. The driving factors for the US market are changes in consumption patterns, food requirements, and an inclination toward vegetarian products for protein sources. The demand for processed and low cholesterol foods has paved the way for the almond protein market, in the region.
