Global Almond Products Market By Forms (Raw Nuts, Liquid, Powder), By Applications (Personal Care, Pharmaceuticals, Beverages & Snacks), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2019-2029

Almonds are well-known nuts and are produced in North Africa, the Indian subcontinent and the Middle-East. The almond fruits contain four parts: the kernel, the middle shell, the outer green shell and the seed coat. An essential part of nutrition is kernels, but the crust and outer skin are also considered nutritious and medicinal and serve different purposes. Almonds are considered very important in the diet because of their nutritional value. These include very low sodium content, good sources of riboflavin, high levels of vitamin E, and others. When eating raw almonds or using them in different dishes, almonds are specifically used to make a variety of almond-based products, such as chocolates, milkshakes, almond-based yogurts, beverages, almond oil, cookies, hair care, almond oil, cosmetics and skincare, almond butter, and more.

As health awareness in developed and developing economies increases, consumers demand natural products, such as those containing nuts such as almonds. Modern consumers are looking for delicious snack options, but also demand a healthy and nutritious snack with a sense of indulgence. Almonds meet these criteria and become a popular choice for snack makers. Increasing focus on the consumption of traditional milk and dairy products is another incentive, prompting manufacturers to produce natural milk substitutes, such as almond milk, rice milk, soy milk, etc. However, among the natural milk alternatives available on the market, almond milk products account for a major share. As consumer demand for innovative foods continues to grow, regions such as Europe and North America are leading product innovations in the almond product market. In developing markets such as the Middle East and Asia-Pacific, almonds are the most popular dried fruit, considered by consumers as the healthiest fruit, and traditionally consumed in the region.

With increasing interest in the ingredients of cosmetics and personal care products, consumers are demanding natural products. Therefore, there is a demand for almond products such as almond oil. Considering the health benefits, medicinal properties of almonds such as anti-inflammatory and nutritional. These nuts also attract players in cosmetics, personal care, food supplements, infant formula, and pharmaceutical markets. With the growing market demand for cosmetics, natural foods, pharmaceutical products, and personal care, almonds have gained enormous market demand worldwide because almost every product with its novel characteristics is suitable for almonds.

Request Covid - 19 Impact

The almond product market is further segmented according to the forms available on the market, such as raw nuts, liquids, and powders. Natural nut almonds are consumed by more than 50% of the world's population. Liquid almond products can be further broken down into the milk, oils, and other products. Oil is mainly used for cosmetics and medicine, and a small amount is used for cooking. Almond milk is ahead in popularity as a substitute for traditional milk and in vegan diets worldwide. Products such as almond-based yogurt and butter belong to other almond product market segments. Almond flour and almond flour are used in bakery preparations, dietary supplements, infant formulas and more. According to production, the North American market is the main producer of almonds, accounting for almost 68% of the global total almond production. Europe is the leader in the almond product market, accounting for nearly half of global new product introductions. The European market has more market share and more than half of the fresh almond confectionery product introductions worldwide. It also holds a leading position in private label startups, with an extensive global share. The Asia-Pacific region, the Middle East and Africa have essential shares in the almond production and almond product markets. China is a major exporter of almonds in the Asia-Pacific region.

In terms of value, Europe accounted for approximately 52% of the almond products market in 2018. Due to the region's health benefits, the use of almond snacks in the region is increasing. Increasing demand for high-nutrition foods and attention to large populations with high obesity rates are some of the main reasons behind this market growth over the past few years. Growing demand for natural and low-sugar ingredients in the region is also driving the European almond ingredient market.

The global almond product market can be segmented on forms, applications and distribution channel:

Based on the Forms, it can be classified into:

• Raw Nuts
• Liquid
• Powder

Based on the Applications, it can be classified into:

• Personal Care
• Pharmaceuticals
• Beverages & Snacks
• Other Applications

Based on the Distribution Channel, it can be classified into:

• Hypermarkets/Supermarkets
• Retailers
• Online Stores
• Convenience Stores
• Other Distribution Channels

Key Players in the market are:

• Archer Daniels Midland Company
• Olam International Limited
• Barry Callebaut Group
• Blue Diamond Growers
• John B. Sanfilippo & Son
• Borges Agricultural & Industrial Nuts
• Savencia SA
• Kanegrade Limited
• The Wonderful Company
• Harris Woolf California Almonds