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Global Almond Ingredients Market Size, Share, Forecast: By Type: Whole Almonds, Almond Pieces, Almond Flour, Almond Milk, Others; By Application: Bakery and Confectionery, Milk Substitutes and Ice Creams, Nut and Seed Butters, RTE Cereals, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Almond Ingredients Market Size
The global almond ingredients market was valued at USD 12.40 billion in 2023. The market is further projected to grow at a CAGR of 10.5% between 2024 and 2032, reaching a value of USD 30.37 billion by 2032.
Key Takeaways
- California produces 80% of the global almond supply, making it the world’s largest grower of almonds.
- In 2022, the United States was the world's leading supplier of almonds and exported roughly 1.9 billion pounds to China, India, Spain, and the United Arab Emirates.
- About 162,000 metric tons of almonds were imported into India in 2021.
- The import value of in-shell almonds to Turkey amounted to about USD 35.6 million in 2022.
Almond ingredients are products derived from almonds, such as almond milk, almond flour, almond butter, almond oil, and almond protein. Almond ingredients are widely used in food and beverage, cosmetics, pharmaceuticals, and personal care industries, as they offer various health benefits, such as lowering cholesterol, improving skin health, and enhancing cognitive functions.
The almond ingredients market outlook is being influenced by several key factors, such as the increasing demand for plant-based products, the rising awareness of the nutritional value of almonds, the growing popularity of gluten-free and vegan diets, and the expanding applications of almond ingredients in various sectors.
Almond Ingredients Market Report Snapshots
Almond Ingredients Market Size
Almond Ingredients Market Trends
Almond Ingredients Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Almond Ingredients Market Analysis
8.1 Key Industry Highlights
8.2 Global Almond Ingredients Historical Market (2018-2023)
8.3 Global Almond Ingredients Market Forecast (2024-2032)
8.4 Global Almond Ingredients Market by Type
8.4.1 Whole Almonds
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Almond Pieces
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Almond Flour
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Almond Milk
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Almond Ingredients Market by Application
8.5.1 Bakery and Confectionery
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Milk Substitutes and Ice Creams
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Nut and Seed Butters
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 RTE Cereals
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Almond Ingredients Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Almond Ingredients Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Almond Ingredients Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Almond Ingredients Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.2 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Almond Ingredients Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Almond Ingredients Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Olam International Limited
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Barry Callebaut Group
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Blue Diamond Growers
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Kind LLC
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Archer Daniels Midland Company (NYSE: ADM)
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 John B. Sanfilippo & Son, Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Borges Agricultural & Industrial Nuts, S.A.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Almondco Australia Ltd
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.8 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Almond Ingredients Market: Key Industry Highlights, 2018 and 2032
2. Global Almond Ingredients Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Almond Ingredients Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Almond Ingredients Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Almond Ingredients Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Almond Ingredients Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Almond Ingredients Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Almond Ingredients Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Almond Ingredients Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Almond Ingredients Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Almond Ingredients Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Almond Ingredients Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Almond Ingredients Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Almond Ingredients Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Almond Ingredients Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Almond Ingredients Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Almond Ingredients Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Almond Ingredients Market Structure
Key Questions Answered in the Report
In 2023, the almond ingredients market reached an approximate value of USD 12.40 billion.
The market is expected to grow at a CAGR of 10.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 30.37 billion by 2032.
The major drivers of the market include the growing snacking culture, new product developments, growing consumer preference for plant-based and gluten-free products.
Key trends aiding almond ingredients market expansion include increasing inclusion of healthy ingredients in food, increasing awareness of the health benefits of almonds, and the rising demand for lactose-free food.
Almonds offer various health benefits such as managing weight due to their low carbohydrate content and high protein, healthy fats, and fibre content. They also boost bone health as they contain essential nutrients like calcium, magnesium, and vitamin K. Additionally, almonds may help in reducing heart disease risk by improving lipid levels.
The major regions in the market are North America, Latin America, Europe, the Middle East and Africa, and Asia Pacific.
The leading types of almond ingredients in the market are whole almonds, almond pieces, almond flour, and almond milk, among others.
The significant applications of almond ingredients are bakery and confectionery, milk substitutes and ice creams, nut and seed butters, and RTE cereals, among others.
Key players in the market are Olam International Limited, Barry Callebaut Group, Blue Diamond Growers, Kind LLC, Archer Daniels Midland Company, John B. Sanfilippo & Son, Inc., Borges Agricultural & Industrial Nuts, S.A., and Almondco Australia Ltd, among others.
Analyst Review
The global almond ingredients market attained a value of USD 12.40 billion in 2023, driven by the growing snack food industry. Aided by the increasing inclusion of health-based ingredients in food, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 10.5%. The market is projected to reach USD 30.37 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the almond ingredients industry can be segmented into whole almonds, almond pieces, almond flour, almond milk, and others. On the basis of application, the almond ingredients market is divided into bakery and confectionery, milk substitutes and ice creams, nut and seed butters, RTE cereals, and others. The major regional markets for almond ingredients are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific. The key players in the above market include Olam International Limited, Barry Callebaut Group, Blue Diamond Growers, Kanegrade Ltd, Archer Daniels Midland Company (NYSE: ADM), John B. Sanfilippo & Son, Inc., Borges Agricultural & Industrial Nuts, S.A., and Almondco Australia Ltd, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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