Latin America Almond Kernels Market was worth USD XX million in 2021 and is estimated to be growing at a CAGR of XX%, to reach USD XX million by 2027.
The fruit of an almond is a drupe which consists of an outer hull and a hard shell covering the seed or kernel. The process of removal of shell of almond is termed shelling, and the almonds are sold shelled or unshelled. There are two types of almonds. Sweet and bitter-tasting almonds. They are consumed directly or used in sweets and confectionary. Almond Kernels are also used in cosmetics. Primary factors driving the market are increasing awareness regarding the health benefits and uses in functional and fortified foods, increasing use in skin care cosmetics and increasing consumption by health-conscious individuals. However, factors like expensive prices, cultivating complexities and health issues regarding excessive consumption are hindering the growth of the market.
The Latin America market for Almond Kernels is segmented
based on
Type
Application
Based on Type
Sweet Type
Bitter Type
Based on Application
Food and Beverages
Pharmaceuticals
Cosmetics
Brazil
Argentina
Mexico
Rest of Latin America. Brazil holds the major share in the market due to the presence of market leaders as well as a sophisticated food industry and almond’s extensive use in food products. Argentina is the fastest-growing region due to increasing demand and product innovation and increasing disposable income.
Based on Application Food application is the most widespread due to increasing demand for fortified and functional foods while the pharmaceutical segment is expected to grow the fastest due to increasing expenditure on drug discovery and development. Based on Type Sweet Almonds are mostly preferred for food and beverage purposes.
Malyata Apricot
Chitree
Wani Fruit
Royal Rifco
The Raw Chocolate
Hebei Longwangmao
Hebei Yongdeheng
Swanson
Hunza Apricot Kernels
Yesraj Enterprises
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