The demand for almonds, both for consumption & industrial uses, has been growing globally. However, due to their limited supply, it takes time for new almond orchards to mature & increase production, which, in turn, puts upward pressure on almond prices.
According to MarkNtel Advisors study, The Global Almond Butter Market is projected to grow at a CAGR of around 7.7% during the forecast period, i.e., 2023-28.
Consumers worldwide are becoming more conscious of their health and are actively adopting nutritious food options. Almond butter is perceived as a healthier alternative to traditional nut butter like peanut butter, mainly due to its richness in healthy fats, protein, fiber, vitamins, & minerals. The growing awareness of these nutritional benefits is surging the demand for almond butter. In addition, the growing popularity of plant-based diets & veganism has also positively influenced the demand for almond butter, i.e., a plant-based spread made from almonds, which makes it suitable for consumers following vegetarian, vegan, or plant-based lifestyles. Hence, the emerging trends of these diets and the increasing consumer inclination toward nutritious food are projected to drive the global almond butter market during 2023-28.
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Key Findings in Almond Butter Market:
| Historical Years | 2019-2022 |
| Base Years | 2023 |
| Forecast Years | 2024-2030 |
| Key Report Highlights | · Market Dimensions & Projections · Pricing Evaluation, · Recent Strategic Moves by Companies, · Primary Stakeholders, · Analysis of Import and Export Trends, · Competitive Landscape Assessment, · Emerging Opportunities, · Market Trends and Indicators |
| Reports Delivery Format
| Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address. |
Almond Butter Market Key Players:
Barney Butter, Hormel Foods (Justin’s), Nutty Novelties, 8th Avenue Food & Provisions, Hallstar Company, The Hain Celestial Group, Inc., Cache Creek Foods, Nuts N More, Once Again, SOPHIM IBERIA S.L, Tree House Almonds, Blue Diamond Growers, Morrisons Ltd., The J.M. Smucker Company, Rolling Hills Nut Company and Others
Market Segmentation Overview:
By Type
-Regular
-Flavored
By Nature
-Organic
-Conventional
By Distribution Channel
-Supermarkets/Hypermarkets
-Specialty Stores
-Online Stores
-Others
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By Region
North America
South America
Europe
The Middle East & Africa
Asia-Pacific
The Almond Butter Industry Recent Development:
On 7 June 2023, Blue Diamond®, the world’s leading almond marketer & processor, and Brightseed, the bioactives company & a World Economic Forum Global Innovator, announced their partnership to discover the untapped health potential of nonpareil California almonds. The results of this collaboration will inform Blue Diamond’s health innovations & programs, including consumer education initiatives to link almond consumption with specific health benefits.
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