Almond Kernels Market Overview:
Almond Kernels Market was expected at USD x.xx billion in 2020 and is anticipated to reach over USD x.xx billion, recording a considerable CAGR throughout the outlook period 2021-2026.
Almonds are considered among the most popular nuts in the world. These are the edible seeds of Prunus dulcis (almond tree) and are native to the Middle East. They contain many vitamins and nutrients. Due to their nutritional components, almonds have a wide range of applications in multiple industries. They are used in the manufacture of foods and beverages such as almond milk, almond flour, almond butter, cookies, and others. They are also used in the cosmetic and personal care industry and in the bakery and confectionery industry to make products such as almond oil, ice cream, chocolates, cookies, and others.
Recent Developments
Market Drivers and Restraints:
With the growing preference of consumers for healthier baked goods, the demand for walnut flour as an alternative to wheat flour in the gluten-free market is on the rise. Also, with the acceptance of the vegan trend by consumers around the world, the demand for almond milk is also growing. Almond milk is a non-dairy alternative to cow's milk that offers consumers a low-fat, high-protein option. These factors are helping to drive the growth of the almond kernels market. Today's consumers are well aware of the ingredients that are used to make cosmetics and personal care products. The demand for products made with natural ingredients is increasing. This creates a positive impact for almond oil and increases the market due to its anti-inflammatory, nutritional and medicinal properties. Additionally, consumers in developing economies have seen a similar impact looking for healthy and tasty snack options. Almonds perfectly meet these criteria and are therefore increasingly used by manufacturers. However, the demand for almonds is very sensitive to price and quantity. A change in price or quantity can affect both. High prices for almond kernels may lead consumers to opt for substitute nuts that can hamper the market. Conversely, innovation in the food and beverage segment may lead to new uses and applications for green almonds, which can be seen as an opportunity for further market growth.
Market Segmentation:
The Almond kernels Market is segmented by type, application, distribution channel, and region. Depending on the type, it forks into Inshell and Shelled. According to the application, it is classified into food and beverage industry, cosmetic and personal care industry, bakery and confectionery industry, and others. According to the distribution channel, it is divided into online retailers, supermarkets/hypermarkets, specialty stores and department stores.
Impact of covid-19 on Almond kernels Market
Uncertainty about employment increases, with the probability that a point of sale was used in the store that closed. Outlets that will continue to exist will do so with significantly less seating capacity and reduced overall demand due to public perception and a reduction in unjustified departures, which will have an additional impact on the number of employees needed. The return of migrant labor to their home country will also affect the availability of skilled labor and there may be a shortage of people who are well suited to the limited jobs available. It will be a two-sided problem for F&B operators and employees. By being forced to endure this challenge, the F&B industry does so for the benefit of the entire community, although it will take some time to recover from the losses incurred during the closure phase. While the strong performance in the last quarter will be austere, expectations of a strong rebound in the days after the close are not predictable and will be a daunting task. The path to profitability will not be easy and companies will need to adopt innovative and more efficient methods of doing business and creating new sources of income to maintain their presence in the market.
Regional Analysis:
The global market for Almond kernels has been divided by geography in the regions of North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. North America tops the global ranking of the world's largest almond producers after accounting for about 68% of the total almonds produced each year. The European market generates the most important income for the world market for almonds, as the demand for the confectionery company increases exponentially every year. The Asia-Pacific market is expected to grow at a significant rate during the forecast period due to the increasing number of consumers. Emerging economies like China and India are expected to drive industry growth as consumers engage more in busy lifestyles, increasing demand for money-saving foods time like almond yogurt, cookies, and the alike.
Leading Company
Bakers Authority had the largest share of the Almond kernels Market in terms of sales and revenue in 2019.
Key Players
Key players in the global Almond Kernels Market include Mariani Nut Company, Harris Family Enterprises, Select Harvest USA, Bakers Authority, The Wonderful Company LLC, Nutraj, Sunbest Natural, Terrasoul Superfoods, Blue Diamond Growers, and WeGotNuts.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Almond Kernels Market, By Type
6.1.1 Inshell
6.1.2 Shelled
6.1.3 Market Size Estimations & Forecasts (2019-2024)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Almond Kernels Market, By Application
6.2.1 Confectionery Industry
6.2.2 Bakery
6.2.3 Personal Care Industry
6.2.4 Cosmetics
6.2.5 Food and Beverage Industry
6.2.6 Market Size Estimations & Forecasts (2019-2024)
6.2.7 Y-o-Y Growth Rate Analysis
6.2.8 Market Attractiveness Index
6.3 Almond Kernels Market, By Distribution Channel
6.3.1 Departmental Stores
6.3.2 Specialty Stores
6.3.3 Supermarket/Hypermarket
6.3.4 Online Retail
6.3.5 Market Size Estimations & Forecasts (2019-2024)
6.3.6 Y-o-Y Growth Rate Analysis
6.3.7 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Type
7.2.3 By Application
7.2.4 By Distribution Channel
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Type
7.3.3 By Application
7.3.4 By Distribution Channel
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Application
7.4.4 By Distribution Channel
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Type
7.5.3 By Application
7.5.4 By Distribution Channel
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Type
7.6.3 By Application
7.6.4 By Distribution Channel
8. Key Player Analysis
8.1 Bakers Authority
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Harris Family Enterprises
8.3 Select Harvest USA
8.4 Mariani Nut Company
8.5 The Wonderful Company LLC
8.6 Nutraj
8.7 Sunbest Natural
8.8 Terrasoul Superfoods
8.9 Blue Diamond Growers
8.10 WeGotNuts
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
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Apr 2021
