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North America Almond Ingredients Market by Application (Bars, Snacks, Confectionery, Bakery, Nut & Seed Butters, Milk Substitutes & Ice Creams and RTE Cereals), by Type (Almond Pieces, Whole Almonds, Almond Paste, Almond Flour, and Almond Milk) and by Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2021 – 2027)

Published: January, 2022
ID: 11812
Pages: 144

North America Almond Ingredients Market Growth and Forecast (2022 - 2027):

The North America Almond Ingredients Market is expected to reach the USD xx million by the end of 2026 with a compound annual rate of xx% between 2021 and 2026.

Product Description:

Almond ingredients are versatile due to the presence of minerals and nutrients. These products provide nutritional value to the users. The almond ingredients are used in various food applications where those products are considered to be healthy. These almond ingredients contains the rich nutrients that includes carbohydrates, minerals, vitamins and other minerals. These can be available in various forms like piece, flour and milk where the lactose intolerance consumers can have wide benefits. Also, almond ingredients adds good taste and flavor when added to the food savory and sweets. Including these benefits, these products have the ability to reduce cholesterol and provide better health for the consumers.

North America Almond Ingredients Market Growth:

Increasing demand from the food and beverages industry to provide healthy food products is providing growth opportunities for the North America Almond Ingredients Market.

Recent Developments:

  • In October 2019, the acquisition between the Olam International Limited and Hughson nut increased the capacity of the almond ingredients. It is expected that this acquisition is going to settle the growing demand of the almond ingredients in the US and outside the US.
  • In February 2019, Blue Diamond Growers agreed multi-year Grupo LAIA (Mexico). Grupo LAIA is a leading company in the healthy and nutritious food company, this agreement shall provide almond milk/beverage, “Almond Breeze” in Mexico.

Drivers:

Rising focus on to produce innovative products with different flavors is propelling the demand of the North America almond ingredients market. Increasing awareness over the availability of different food products in food and beverages industry is evaluating the growth rate of the market. Also, consumers interest towards dietary food products is levelling up the demand of the market in North America. Additionally, the attribute driving the growth rate of the North America almond ingredients market is rising focus on developing the quality food products with plant-based and gluten-free products. Launch of various industries in different regions is also boosting the demand of the market to the extent. Along with this, the rising incidences of the chronic diseases and changing lifestyle are accelerating the growth rate of the North America almond ingredients market. Food and beverages companies are launching different strategies to sustain at top positions is gaining traction over the demand of the market. The high presence of nutrients and minerals in the almond ingredients are attracting consumers that is enhancing the growth rate of the market extensively. In addition, seeking health advices in following nutritional diet and growing prevalence for the healthy food products among people across the region is likely to fuel the demand of the North America almond ingredients market. Growing demand for the premium products using almonds in developed and developing countries are surging the growth rate of the market. Trend towards clean label products, the demand for almond ingredients is promoting the demand of the North America almond ingredients market. Adopting healthy diet among many consumers is elevating the growth rate of the market. Also, rise in the promotions by organizations over the health benefits of the almond ingredients is outraging the demand of the market.

Restraints:

However, fluctuations in the prices of the raw materials is slowly degrading the demand of the North America almond ingredients market. Increasing demand from various countries for almonds is also a big challenging factor for the market key players. Seasonal variations is also causing slight disturbances in the shares of the North America almond ingredients market. In the US, the main production center for almonds is imposing restrictions on cultivating due to shortage of water. Due to this reason there is a shortage in the supply of almonds that is slightly degrading the growth rate of the market.

Market Segmentation Analysis:

By type, the North America almond ingredients market is segmented into Almond Pieces, Whole Almonds, Almond Paste, Almond Flour, and Almond Milk. Almond pieces segment is leading with the dominant shares of the market. Increasing expenditure with rising disposable income in urban areas is enhancing the demand of the segment. Also, Almond paste segment is expected to grow at higher rate in the coming years.

By Application, the North America almond ingredients market is divided into Bars, Snacks, Confectionery, Bakery, Nut & Seed Butters, Milk Substitutes & Ice Creams and RTE Cereals. Bars segment is anticipated to have the highest shares of the market. Also, rising demand to promote the premium products through online is prompting the demand of this segment. Also, snacks segment is anticipated to have the quickest growth opportunities in the coming years.

Impact of COVID 19 on the North America Almond Ingredients Market:

COVID 19 is a deadly disease that devastated many people lives. The novel corona virus has spread across the world and caused loss of million lives. The spread of coronavirus has decreased the shares of the market in unprecedented ways. Key players are focusing on implementing different strategies to improve the shares. The COVID 19 mainly impacted negatively on the supply chain and production due to the strict lockdown restrictions everywhere. However, rising prevalence to follow health diet and growing number of people towards vegan diet are promoting the shares of the almond ingredients market in North America. With the disruptions in the supply chain and production, the North America almond ingredients market is affected. The imports and exports are delayed due to lockdown restrictions in the respective countries. This slowed down the demand of the almond ingredients in North America. Slowly, the world is coming into normal state where this is expected to increase the shares of the market in the coming years. The North America almond ingredients market is to have substantial growth opportunities in the forecast period amid the spread of coronavirus.

Regional Analysis:

North America is dominating the shares of the almond ingredients market. Growing disposable income in developing countries is levelling up the growth rate of the market. US is leading with the significant shares of the market among all the countries. Increasing investments on the food and beverages industry by government and non-government organizations is likely to fuel the demand of the US almond ingredients market. Canada almond ingredients market is following the US almond ingredients market in leading the largest shares of the market. Growing demand to launch innovative products is expected to drive the demand of the Canada almond ingredients market.

Key Players in the Market:

The key players of North America almond ingredients market are ADM, Olam International Limteid, Barry Callebaut, Blue Diamond Growers, John B. Sanfilippo & Son, Kanegrade, Borges Agricultural & Industrial Nuts, Savencia SA, The Wonderful Company, Harris Woolf California Almonds, Treehouse California Almonds, Döhler GmbH, Royal Nut Company, Repute Foods Pvt. Ltd, Deep Nuts N Flavors LLP, Shivam Cashew Industry, Modern Ingredients, ConnOils LLC,Valley Harvest Nut Company, and ETChem.

 

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 Ingredients Market, By Type         

                   6.1.1 Almond Pieces        

                   6.1.2 Whole Almonds       

                   6.1.3 Almond Paste

                   6.1.4 Almond Flour

                   6.1.5 Almond Milk 

                   6.1.6 Market Size Estimations & Forecasts (2022 - 2027)      

                   6.1.7 Y-o-Y Growth Rate Analysis        

                   6.1.8 Market Attractiveness Index        

          6.2 Almond Ingredients Market, By Application         

                   6.2.1 Bars   

                   6.2.2 Snacks

                   6.2.3 Confectionery

                   6.2.4 Bakery

                   6.2.5 Nut & Seed Butters  

                   6.2.6 Milk Substitutes & Ice Creams      

                   6.2.7 RTE Cereals   

                   6.2.8 Market Size Estimations & Forecasts (2022 - 2027)      

                   6.2.9 Y-o-Y Growth Rate Analysis        

                   6.2.10 Market Attractiveness Index       

7. Geographical Landscape                  

          7.1 Regional Identity Governance and Administration Market, by Region            

          7.2 North America - Market Analysis (2022 - 2027)           

                   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

8. Key Player Analysis                          

          8.1 ADM               

                   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 Olam International Limteid             

          8.3 Barry Callebaut          

          8.4 Blue Diamond Growers         

          8.5 John B. Sanfilippo & Son                 

          8.6 Kanegrade                 

          8.7 Borges Agricultural & Industrial Nuts                  

          8.8 Savencia SA               

          8.9 The Wonderful Company                

          8.10 Harris Woolf California Almonds             

          8.11 Treehouse California Almonds                

9. Market Outlook & Investment Opportunities                   

Appendix                        

          List of Tables         

          List of Figures                 

  1. North America Almond Ingredients Market By Type, From 2022 - 2027 ( USD Billion )
  2. North America Almond Pieces Market By Region, From 2022 - 2027 ( USD Billion )
  3. North America Whole Almonds Market By Region, From 2022 - 2027 ( USD Billion )
  4. North America Almond Paste Market By Region, From 2022 - 2027 ( USD Billion )
  5. North America Almond Flour Market By Region, From 2022 - 2027 ( USD Billion )
  6. North America Almond Milk Market By Region, From 2022 - 2027 ( USD Billion )
  7. North America Almond Ingredients Market By Application, From 2022 - 2027 ( USD Billion )
  8. North America Bars Market By Region, From 2022 - 2027 ( USD Billion )
  9. North America Snacks Market By Region, From 2022 - 2027 ( USD Billion )
  10. North America Confectionery Market By Region, From 2022 - 2027 ( USD Billion )
  11. North America Bakery Market By Region, From 2022 - 2027 ( USD Billion )
  12. North America Nut & Seed Butters Market By Region, From 2022 - 2027 ( USD Billion )
  13. North America Milk Substitutes & Ice Creams Market By Region, From 2022 - 2027 ( USD Billion )
  14. North America RTE Cereals Market By Region, From 2022 - 2027 ( USD Billion )
  15. United States Almond Ingredients Market By Type, From 2022 - 2027 ( USD Billion )
  16. United States Almond Ingredients Market By Application, From 2022 - 2027 ( USD Billion )
  17. Canada Almond Ingredients Market By Type, From 2022 - 2027 ( USD Billion )
  18. Canada Almond Ingredients Market By Application, From 2022 - 2027 ( USD Billion )

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