Almond Ingredients Market Analysis, Trends & Opportunities| Whipsmartmi


Posted November 12, 2021 by jenmichel

Analyze the Almond Ingredients Market global market size with data from 2020, 2021 and projections of compound annual growth rates (CAGRs) through 2027.

 
The global almond ingredients market is estimated to grow at CAGR 10% during the forecast period 2021-2026.

The growth of this market is attributed to the growing snack food industry, inclusions of health-based ingredients, companies rapidly launching almond-based products, associations and organizations promoting almond ingredients industry, and technological advancements enabling the trade of raw material. However, the soaring prices of raw material and instances of allergies toward tree nuts act as constraints to the growth of the almond ingredients market.
The snacks & bars segment is projected to account for the largest share in the almond ingredients market. Almonds are majorly consumed as a snack all around the world due to their nutritional benefits; additionally, consumers perceive them as a natural and healthy snack option. The organic and natural snacks food category is a growing category in supermarkets around the world. Due to these factors, the snacks & bars segment is projected to account for a larger market share in the almond ingredients market.
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1. Almond Ingredients Market, By Application
1.1. Snacks & Bars
1.2. Bakery & Confectionery
1.3. Milk Substitutes & Ice Creams
1.4. Nut & Seed Butters
1.5. RTE Cereals
1.6. Others
2. Almond Ingredients Market, By Type
2.1. Whole Almonds
2.2. Almond Pieces
2.3. Almond Flour
2.4. Almond Paste
2.5. Almond Milk
2.6. Others
2.7. Long-range
3. Almond Ingredients Market, By Region
3.1. North America
3.2. Europe
3.3. Asia Pacific
3.4. Rest of World
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Last Updated November 12, 2021