Almond’s ingredients market was valued at USD 9.1 billion in 2018 and is expected to reach USD 15.9 billion in 2026, growing at a CAGR of 8.4% during the forecast period.
Almond ingredients provide consumers with a healthy dietary value. The high existence of minerals and nutrients has made almond components versatile and healthy, which are added to distinct types of food applications. Almond ingredients are added to both the sort of food that is tasty and sweet to give distinct flavours and tastes in the food. There are also various health benefits associated with the almond’s ingredients including reducing the cholesterol, high in vitamin E, reduce the risk of heart diseases, control the blood sugar and others.
The growth of the Almond ingredients market is primarily driven rise in trend of consuming healthier food and increasing demand for plant-based proteins & beverages. Almond’s ingredients market was valued at USD 9.1 billion in 2018 and is expected to reach USD 15.9 billion in 2026, growing at a CAGR of 8.4% during the forecast period.
Almonds Ingredients Market Segmentation
By Product Type
The growth of the almond ingredients industry is primarily driven by rising in the trend of consuming healthier food and increasing demand for plant-based proteins & beverages help in conserving natural resources are the key factors driving the growth of this market. Furthermore, advancements in technology enabling the trade of raw materials drive the market, notably, and it is expected to have a strong impact on the market over the forecast period. However, incidences of almond allergy among consumers and volatile prices of raw materials investment hamper the growth of the Almond ingredients industry.
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Most of the companies look for strategies such as merger & acquisition, partnership, contracts, agreements, new product launch, in order to gain a competitive edge over other companies. The European region also records the existence of major producers of almond ingredients, including the Barry Callebaut Group (Switzerland), Borges Agricultural & Industrial Nuts (Spain) and Savencia SA (France).
Company Profiles and Competitive Intelligence:
The major players operating in the global almonds ingredients market are Archer Daniels Midland Company (US), Olam International Limited (Singapore), Barry Callebaut Group (Switzerland), Blue Diamond Growers (US), John B. Sanfilippo & Son (US), Borges Agricultural & Industrial Nuts (Spain), Savencia SA (France), Kanegrade Limited(UK) and The Wonderful Company (US) among others.
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