Global Almond Ingredients Market Report and Forecast 2024-2032

Global Almond Ingredients Market Analysis by Region

North America dominates the market as the region is the largest consumer, exporter, and producer of almonds and almond ingredients

North America has the largest market for almond ingredients and the region is expected to maintain its dominance throughout the forecast period, owing to the high consumption of almonds and almond products, especially in the United States. The US is the world's largest producer and exporter of almonds, and the largest consumer of almond ingredients. The US almond industry is also supported by the Almond Board of California, which promotes the research, innovation, and marketing of almonds and by-products. According to almond ingredients market report, the growing demand for almond ingredients in North America is attributed to the rising awareness about the health benefits of almonds, such as lowering cholesterol, improving heart health, and enhancing cognitive function.

Meanwhile, the increasing demand of almond ingredients in the Latin America region is influenced by global trends and innovations, such as the rising demand for natural, organic, vegan, and clean-label products. Brazil, Mexico, Argentina, and Chile are contributing to the growth of the Latin American almond ingredients market are as they have a large and growing population, a strong and diverse food and beverage industry, and a high consumption of nuts and dried fruits. Some of the key players operating in this region are Olam International, Savencia SA, and Blue Diamond Growers. In 2020, Olam International acquired a 100% stake in Chile-based Nutrifoods, a leading producer of almond ingredients, for USD 108 million, which enhanced Olam’s offerings in the almond market of Latin America.

Europe almond ingredients market is expected to witness a moderate growth rate in the coming years due to the high consumption of almonds, especially in Spain, Germany, France, Italy, and the UK. Almonds are a traditional ingredient in European cuisine, as they are used in various dishes, such as marzipan, nougat, macarons, and almond croissants. The almond ingredients market in Europe is also driven by the growing adoption of almond ingredients by food manufacturers and restaurants, who are seeking to offer differentiated products, such as almond milk, almond butter, and almond protein, to their customers.  In 2020, Bredabest launched a new product line of almond ingredients, called Bredabest Organic, which was certified organic by the European Union. It offers a range of almond products, such as almond flour, almond paste, and almond butter.

Almond Ingredients Market Report Snapshots

Almond Ingredients Market Size

Almond Ingredients Market Trends

Almond Ingredients Market Regional Analysis

Almond Ingredients Companies