According to the current analysis of Reports and Data, the global Almond Ingredients market was valued at USD 8.56 Billion in 2019 and expected to reach USD 15.6 Billion by the year 2026, at a CAGR of 8.95%. Almonds ingredients are accessible in varied forms such as milk, piece, and flour. The almonds ingredients are especially appropriate for gluten-intolerant consumers. They are supplemented with minerals, protein, and vitamins, also associated with numerous health benefits. The product possesses assets profitable for health, and a large number of persons consume them all over the globe. The inconsistent price is the major restraining factor in industry dynamics. Natural whole almonds are very handy and suitable for various applications such as snacks, confectionery, and bakery. Due to their multifunctional attributes, the demand for whole almonds is high. Besides, due to the rising usage of almonds as snacks, the market is expected to witness increased demand. These factors are accountable for the higher market share of whole almonds are due to the rising demand from customers for healthy snacks and healthy plant protein, the growth in new product applications and, therefore, the need for almond ingredients, particularly in the US, is driving the almond ingredient industry. Witnessing such rapid change in the demand, global food and agri-business, Olam International Limited (Olam), announced that it has acquired leading Californian almond processor and ingredient manufacturer Hughson Nut Inc (HNI) and associated real estate assets from APB Partners, LLC (APB). Olam is one of the world’s largest producers of almonds with orchards in both regions – in California and Australia, producing year-round fresh almonds to customers. The acquisition will give access to extensive processing capabilities of HNI, which will result in a fully integrated solution across the almond value chain from the US, including processed whole nuts and value-added ingredients, complementing similar capabilities in Australia and Vietnam. The newly commissioned ingredients processing plant, which also houses steam sterilization and pasteurization facilities

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The key players in the almond ingredients industry include Archer Daniels Midland Company (US), Olam International Limited (Singapore), Barry Callebaut Group (Switzerland), Blue Diamond Growers (US), John B. Sanfilippo & Son (US), Borges Agricultural & Industrial Nuts (Spain), Savencia SA (France), Kanegrade Limited(UK), The Wonderful Company (US), Harris Woolf California Almonds (US), Treehouse California Almond (US), Royal Nut Company (Australia), and Döhler GmbH (Germany).

For the purpose of this report, Reports and Data has segmented the Almond Ingredients market based on

Type (Revenue, USD Million; 2017–2027)

• Whole almonds
• Almond pieces
• Almond paste
• Almond flour
• Almond milk
• Others 

Application (Revenue, USD Million; 2017–2027)  

• Snacks & bars
• Milk substitutes & ice creams
• Bakery & confectionery
• Nut & seed butter
• RTE cereals

Regional Outlook (Revenue in USD Million; 2017–2027)

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of the Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Rest of Asia-Pacific
• Middle East & Africa
• Latin America
  • Brazil

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Further key findings from the report suggest

• By application, the almond ingredients market has been categorized into Snacks & bars, Milk substitutes & ice creams, Bakery & confectionery, nut & seed butters, RTE cereals and others. The snacks and bars category holds the fastest and largest segment in the industry due to the increase in consciousness about health benefits associated with almonds, which include lower blood sugar levels, lower cholesterol levels, and decreased blood pressure. They can also lessen hunger and promote weight loss. This trend is booming up the almond industry and expected to have a good future in upcoming years.
• By type, the market has categorized into the dry whole, pieces, paste, flour, and milk almonds. Among these whole segment occupied the largest industry share due to the rise in production and relaxed trade regulations among prominent consumer-based countries such as China, India, the U.S, among others. The increase in consumer income among these nations has also boosted up in the consumption of almonds and expected to witness faster growth.
• The European industry is estimated to be the fastest-growing in the global almond ingredients market during the forecast period. The growing demand for natural and low-sugar components in the region is also high, which drives the industry. The society and urbanization, awareness of a healthy diet, witnessed to develop most of this industry during the forecast period.
• Over the past two decades, almond farmers have effectively reduced the amount of water needed to grow a pound of these by 33 percent via improved production practices and the implementation of efficient micro-irrigation technology. By 2025, the California almond community requires to reduce the quantity of water used to grow a pound of by an additional 20 percent.
• Almonds grow in a shell, shielded by a hull, on a tree: products conventionally used for livestock bedding, dairy feed, and electricity generation. Altering markets for these coproducts are spurring innovation for higher-value uses, both economically and environmentally, with promising leads in the areas of recycled plastics, fuel, beer, and more.

Key Highlights in the Report:

• Provides a detailed overview of market growth and patterns for the years 2021-2028, including key market parameters.
• It provides useful information about the global Almond Ingredients industry, including market forecasts and sales growth rates.
• Technical advances, regulatory environment, recent innovations, and existing and emerging trends in the Athleisure market are all covered in this report.
• Comprehensive industry analysis, including key statistical data and market knowledge gleaned from primary and secondary research.

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