Almond Ingredients Market Size, Share & Trends Analysis Report by Forecast Period (2022-2028)

The global almond ingredients market is anticipated to grow at a significant CAGR of 11.2% during the forecast period. Almonds have low calories and cholesterol and are rich in fiber, protein, and vitamin E. Consuming almonds improves immunity, regulates blood sugar levels, maintains blood pressure, and improves mental health. The rising consumer’s interest in gluten-free and vegan diets will drive market growth. The growing health awareness in public is the major factor propelling the growth of the almond ingredients market as it is used in numerous food products, especially in bakery snacks due to its high nutrition values. The rising innovation and formulation of new food products which have a balanced diet of nutrition is another factor driving the market growth.

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However, the fluctuating prices of almonds are a major restraining factor for the growth of the almond ingredients market. Additionally, the prevalence of tree nut allergies, including intolerance for almonds, is another restraining factor for the market growth. As per an estimation by the NCBI, 1.0% of the global population suffers from tree nut allergies.

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  • Market Coverage
  • Market number available for – 2022-2028
  • Base year- 2021
  • Forecast period- 2022-2028
  • Segment Covered- By Source, By Product Type, By Applications
  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others

Global Almond Ingredients Market Report Segment

By Type

  • Whole Almonds
  • Almond Pieces
  • Almond Flour
  • Almond Paste
  • Almond Milk
  • Others

By Application

? Bakery& Confectionery

? Dairy

? Sweet & Savory Snacks

? Others

Global Almond Ingredients Market Report Segment by Region

North America

  • United States
  • Canada

Europe

  • UK
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe

Asia-Pacific

  • China
  • India
  • Japan
  • Rest of Asia-Pacific

Rest of the World

  • Latin America
  • Middle East & Africa

The Report Covers

  • Market value data analysis of 2020 and forecast to 2027.
  • Annualized market revenues ($ million) for each market segment.
  • Country-wise analysis of major geographical regions.
  • Key companies operating in the global almond ingredients market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
  • Analysis of market entry and market expansion strategies.
  • Competitive strategies by identifying ‘who-stands-where in the market.

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