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Europe Almond Ingredients Market segmented by Type (Almond Flour, Almond Paste, Almond Pieces, Whole Almonds, and Almond Milk), by Application (Milk Substitutes & Ice Creams, Bars, Bakery, Confectionery, Nut & Seed Butters, Snacks and RTE Cereals) and By Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe) – Size, Share, Trends, Growth, Forecast (2023 to 2028)

Published: March, 2023
ID: 11542
Pages: 145
Formats: report pdf report excel report power bi report ppt

Europe Almond Ingredients Market Growth and Forecast (2023 - 2028):

The Europe Almond Ingredients Market is worth $ xx million in 2022 and is expected to grow to $ xx million by the end of 2028 with a compound annual rate of xx% between 2023 and 2028.

Market Overview:

Almonds are also known as Prunus dulcis. Almonds are actually seeds and "drupes", so they are not considered true nuts. Almonds are rich in protein, minerals, vitamins, and fiber.  Consumption of almonds leads to numerous health benefits. Almonds are eaten plain, raw or baked. Some of the fantastic health benefits of almonds are lowering blood pressure, controlling blood sugar and cholesterol levels, and alleviating constipation, respiratory problems, and anemia. Almonds are the healthy nuts which has proteins, vitamins, carbohydrates and many more minerals. Almond ingredients are almond products that come in a variety of forms, including flakes, flour, and milk. The ingredients in almonds have beneficial health properties and are consumed by many. The almond ingredients provide customers with enriched nutritional values. The high presence of minerals and nutrients has made almond ingredients a versatile and healthy ingredient that is added to many types of food applications. Almond ingredients add to both the taste and sweetness of foods that differ in taste and flavor.  Health benefits associated with the consumption of almond ingredients includes reduced heart disease, control in sugar levels in blood, reduction in cholesterol levels and high vitamin E.

Market Growth:

The consumers are looking for a health-sensitive food source to adopt a healthy lifestyle and further accelerate the Europe market for Almond Ingredients.

Drivers:

The increasing availability of almond-based products by major players in the food and beverage market is driving the growth of the Europe Almond Ingredients market. The growing obesity and the elderly population demand foods that contain components of nuts, especially almonds are increasing in developed countries such as Spain, France, Germany and the United Kingdom. Consumers are increasingly adopting healthy eating habits to prevent illness. The nutritional benefits provided by almond ingredients are driving the market demand for Europe Almond Ingredients. Furthermore, the rapid increase in almond-based products around the region is expected to have a significant impact on the Europe Almond Ingredients market. It is also expected to have a strong impact on the Europe Almond Ingredients market as demand for plant-based protein and beverages grows regionally. Almonds are known to prevent bad cholesterol and provide the body with a great source of vitamins and minerals, which is why consumer demand is increasing. In addition, in developed countries, the adoption of a healthy diet, which includes almond-based products, has increased to prevent diseases in the elderly population. In this way, increasing the growth of the Europe Almond Ingredients Market during the forecast period 2023 - 2028. The tremendous growth of the almond ingredients industry during the forecast period is attributed to the large-scale functional application of almond-based products as antioxidants, natural food preservation additives, and dietary supplements. Furthermore, almond ingredients find advantageous applications in the cosmetic and pharmaceutical industries. As consumers move to the vegan diet, the demand for nutritious food applications has increased. Knowledge of the health benefits of almonds has led to their increased use as a snack, as a healthy bar. In addition, almonds provide a crunchy character in food applications that are highly demanded in pastry and bakery products. In addition, manufacturers are also launching a variety of almond-based products that are in increasing demand for Europe Almond Ingredients market. Increasing consumer preferences towards vegan consumption and also towards gluten free diets are also the factors that are contributing towards the growth of the Europe Almond Ingredients market also this is providing the Europe Almond Ingredients market with new opportunities. The other factors that are driving the growth of the Europe Almond Ingredients market includes increase in awareness among the consumers towards the organizations and associations which promotes industry of almond ingredients market in Europe also increase in awareness towards the plant based and gluten free products are also increasing the Europe Almond Ingredients market growth. Increasing awareness of almonds and related foods and their impact on consumer health will drive the market for Europe Almond Ingredients markets.

Restraints:

Fluctuating almond prices globally are one of the limiting factors affecting the Europe Almond Ingredients market. As demand for almonds increases, there is a supply and demand problem for the product, which drives almond prices around the region. Furthermore, the increase in consumers' allergy or intolerance to almonds is one of the challenges that the Europe market for almond ingredients must overcome in the forecast period. Furthermore, the demand for almonds can grow at an unprecedented rate, creating a supply and demand gap, which can negatively affect the overall growth prospects of the Europe Almond Ingredients market.

Europe Almond Ingredients Market Segmentation Analysis:

By application, the market for Europe Almond Ingredients is segmented into snacks, bars, bakeries, confectionery, milk substitutes, nut and seed butters, ice cream and ready-to-eat cereals. Snack bars occupied the majority of the almond ingredient market in 2020. Almond bars are in high demand in developed countries as health awareness increases. Additionally, the demand for convenient snack options has led to increased consumption of almond bars. Almonds are widely used in healthy base bars because they give the snack bar segment a crisp and flavorful flavor. The snack bar is projected to be the fastest growing segment and is expected to reach the highest CAGR during the forecast period 2023 - 2028.

By type, the Europe Almond Ingredients market is segmented into whole almonds, almond flakes, almond flour, almond paste, and almond milk. Almonds are becoming a staple food due to their health benefits and the use of almonds in food is increasing. After processing, the almonds are used in two forms: natural (brown skin) and white (without bark). Whole almonds accounted for the majority of the almond ingredient market in 2020 and are expected to grow at a CAGR of 10.35% over the forecast period 2023 - 2028. Whole almonds are established as the fastest growing segment and are expected to record the highest CAGR over the forecast period 2023 - 2028.

Regional Analysis:

Europe has become an important market for almond ingredients, as consumers in the region have a high demand for healthy foods. The UK region is experiencing an increasing trend due to the health benefits offered by almond-based snacks. This is accelerating the demand of the UK almond ingredients market. The growing demand for nutritious foods and the concerns of populations with high obesity have been some of the main reasons why the Spain almond ingredients market has grown in recent years. Increase demand for natural and low sugar ingredients is levelling the demand of Germany almond ingredients market. Increased consumption of almond-based snacks and bakery foods is expected to boost the France almond Ingredients market.

Key Players in the Market:

Key players in the Europe Almond Ingredients market include Olam International Limited, Archer Daniels Midland Company, Barry Callebaut Group, John B. Sanfilippo & Son, Borges Agricultural & Industrial Nuts, Blue Diamond Growers, Döhler GmbH, The Wonderful Company, Kanegrade, Limited and Royal Nut Company.

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