Food

Almond Butter Market Size, Share Growth and Trends

Almond_Butter_Market.webp

The demand for almonds, both for consumption & industrial uses, has been growing globally. However, due to their limited supply, it takes time for new almond orchards to mature & increase production, which, in turn, puts upward pressure on almond prices.

According to MarkNtel Advisors study, The Global Almond Butter Market is projected to grow at a CAGR of around 7.7% during the forecast period, i.e., 2023-28.

Consumers worldwide are becoming more conscious of their health and are actively adopting nutritious food options. Almond butter is perceived as a healthier alternative to traditional nut butter like peanut butter, mainly due to its richness in healthy fats, protein, fiber, vitamins, & minerals. The growing awareness of these nutritional benefits is surging the demand for almond butter. In addition, the growing popularity of plant-based diets & veganism has also positively influenced the demand for almond butter, i.e., a plant-based spread made from almonds, which makes it suitable for consumers following vegetarian, vegan, or plant-based lifestyles. Hence, the emerging trends of these diets and the increasing consumer inclination toward nutritious food are projected to drive the global almond butter market during 2023-28.

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Key Findings in Almond Butter Market:

 

Historical Years

 

2019-2022

 

Base Years

 

2023

 

Forecast Years

 

2024-2030

 

Key Report Highlights

·         Market Dimensions & Projections

·         Pricing Evaluation,

·         Recent Strategic Moves by Companies,

·         Primary Stakeholders,

·         Analysis of Import and Export Trends,

·         Competitive Landscape Assessment,

·         Emerging Opportunities,

·         Market Trends and Indicators

 

Reports Delivery Format

 

Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.

 

Almond Butter Market Key Players:

Barney Butter, Hormel Foods (Justin’s), Nutty Novelties, 8th Avenue Food & Provisions, Hallstar Company, The Hain Celestial Group, Inc., Cache Creek Foods, Nuts N More, Once Again, SOPHIM IBERIA S.L, Tree House Almonds, Blue Diamond Growers, Morrisons Ltd., The J.M. Smucker Company, Rolling Hills Nut Company and Others

Market Segmentation Overview:

By Type

-Regular

-Flavored

By Nature

-Organic

-Conventional

By Distribution Channel

-Supermarkets/Hypermarkets

-Specialty Stores

-Online Stores

-Others

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By Region

North America

South America

Europe

The Middle East & Africa

Asia-Pacific

The Almond Butter Industry Recent Development:

On 7 June 2023, Blue Diamond®, the world’s leading almond marketer & processor, and Brightseed, the bioactives company & a World Economic Forum Global Innovator, announced their partnership to discover the untapped health potential of nonpareil California almonds. The results of this collaboration will inform Blue Diamond’s health innovations & programs, including consumer education initiatives to link almond consumption with specific health benefits.

About MarkNtel Advisors:

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

Being one of the most efficient market research companies in India, our specialized team of experienced & efficient market research professionals is capable of grasping every minute and valuable information & data of the market to offer our clients with satisfactory details. Our company has served the biggest market research firms in India at leading positions and is proficient in managing all types of market research projects.

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