According to the current analysis of Reports and Data, the Global Organic Almond Ingredients Market was valued at USD 136.13 Million in 2019 and is expected to reach USD 222.98 Million by year 2027, at a CAGR of 7.1%. Almonds are a rich source of copper, calcium, riboflavin, potassium, manganese, phosphorous, and have been associated with reduced risk of heart disease. Trending almond based products, inclusions of health-based ingredients, technological innovations enabling the trade of raw material, increasing demand from the snack food industry, technological innovations enabling the trade of raw material are the major drivers for the growth of this market. In 2019, US-based cooperative Blue Diamond expanded its beverage product portfolio with the launch of Almond Breeze and Almond milk Mexican Hot Chocolate flavor. The company also plans to release Almond milk ‘Nog’ soon. In addition to this, Coca-Cola brand Simply Beverages launched almond milk in May, 2020. The new Simply Almond line offers three flavors (vanilla, unsweetened, and original) made with minimal ingredients. Global trade pressures, increasing quality control standards, impact of drought on almond crops and irrigation solutions, less reliance on traditional almond farming methods, rising incidences of allergies among consumers, volatile prices of raw materials are few of the major challenges this market faces.
Almond flour is becoming the key ingredient in the food processing industry. Almond flour is made from ground sweet almonds and processed further; it is available in different forms as per its application in the FB industry. Almond flour is extracted in the form of extra-fine blanched or in fine natural form. Almond flour is one of the rich sources of vitamins, including vitamin B, vitamin A vitamin E, minerals, proteins, omega fatty acids, protein, and others. Almond flour is used as an all-purpose carrier and essential flour usually used for baking, cooking. As the demand is increasing in bakery and confectionery products as the inclusion of almond flour that improves the nutritional value and helps to give better texture and flavor.
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Competitive Landscape:
The research report offers details about leading companies in the global Organic Almond Ingredients market along with global position, financial standing, license agreement, products and services portfolio and revenue contribution of each market player. Key players in the market are focusing on adopting various strategies such as mergers and acquisition, business expansion plans, new product launches, partnerships, collaborations, joint ventures to enhance their product base and gain robust footing in the market.
Some of the Leading Market Players Are Listed Below:
- John B. Sanfilippo Son,
- Borges Agricultural Industrial Nuts (Bain),
- Savencia SA,
- Kanegrade Limited,
- Harris Woolf California Almonds,
- The Wonderful Company,
- Olam International Limited,
- Barry Callebaut Group,
- Blue Diamond Growers,
- Archer Daniels Midland Company (ADM)
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Market Segmentation:
Organic Almond Ingredients Market Segmentation based on Product:
- Whole Almond
- Pieces
- Flour
- Milk
- Other products
Organic Almond Ingredients Market Segmentation based on End Use:
- Snacks
- Bakery Confectionery
- Dairy Substitutes Ice creams
- Nut Seed Butters
- Other end use
Organic Almond Ingredients Market Segmentation based on Regions:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Spain, Benelux, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of Latin America)
- Middle East Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East Africa)
Key Features of the global Organic Almond Ingredients Market:
- The report offers detailed estimations at the regional level with manufacturers, consumption, sales and import/export dynamics.
- The report provides accurate details related of the manufacturers/vendors in the market, company overview, pricing analysis, financial standing, product portfolio, and gross profit of leading companies.
- Company profiling with prevalent expansion strategies, revenue generation, and recent developments.
- Optimum strategic initiatives for new players in the market.
- Manufacturing processes, suppliers, cost, rates of production and consumption, transport mode and cost structuring, and value chain analysis.
- The study also includes supply chain trends, including elaborate descriptions of the latest technological development
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