The global Almond Ingredients market was valued at USD 10.16 Billion in 2020 and expected to reach USD 21.72 Billion by the year 2028, at a CAGR of 9.80%. Almonds ingredients are accessible in varied forms such as milk, piece, and flour. The almonds ingredients are especially appropriate for gluten-intolerant consumers. They are supplemented with minerals, protein, and vitamins, also associated with numerous health benefits.

Tree nuts such as almonds have been part of mankind’s diet since pre-agricultural times, and their popularity has continued to grow in modern times, either as snacks or as part of a meal. Almonds ingredients can be eaten whole (fresh or roasted) and spread like almond butter, or they can be used in a wide range of food products and recipes. They have complex food matrices containing diverse nutrients and other photo protective substances that favorably influence human physiology. All nuts are energy-dense and contain high levels of fat, but much of this is unsaturated.

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Key Players:

The key players in the almond ingredients industry include Archer Daniels Midland Company (US), Olam International Limited (Singapore), Barry Callebaut Group (Switzerland), Blue Diamond Growers (US), John B. Sanfilippo Son (US), Borges Agricultural Industrial Nuts (Spain), Savencia SA (France), Kanegrade Limited(UK), The Wonderful Company (US), Harris Woolf California Almonds (US), Treehouse California Almond (US), Royal Nut Company (Australia), and Döhler GmbH (Germany).

Further key findings from the report suggest:

• By application, the almond ingredients market has been categorized into Snacks bars, Milk substitutes ice creams, Bakery confectionery, nut seed butters, RTE cereals and others. The snacks and bars category holds the fastest and largest segment in the industry due to the increase in consciousness about health benefits associated with almonds, which include lower blood sugar levels, lower cholesterol levels, and decreased blood pressure.
• By type, the market has categorized into the dry whole, pieces, paste, flour, and milk almonds. Among these whole segment occupied the largest industry share due to the rise in production and relaxed trade regulations among prominent consumer-based countries such as China, India, the U.S, among others.
• The European industry is estimated to be the fastest-growing in the global almond ingredients market during the forecast period. The growing demand for natural and low-sugar components in the region is also high, which drives the industry. The society and urbanization, awareness of a healthy diet, witnessed to develop most of this industry during the forecast period.
• Over the past two decades, almond farmers have effectively reduced the amount of water needed to grow a pound of these by 33 percent via improved production practices and the implementation of efficient micro-irrigation technology. By 2025, the California almond community requires to reduce the quantity of water used to grow a pound of by an additional 20 percent.
• Almonds grow in a shell, shielded by a hull, on a tree: products conventionally used for livestock bedding, dairy feed, and electricity generation. Altering markets for these coproducts are spurring innovation for higher-value uses, both economically and environmentally, with promising leads in the areas of recycled plastics, fuel, beer, and more.

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Market Segmentation:

Type (Revenue, USD Million; 2020–2028)

• Whole almonds
• Almond pieces
• Almond paste
• Almond flour
• Almond milk
• Others 

Application (Revenue, USD Million; 2020–2028)  

• Snacks bars
• Milk substitutes ice creams
• Bakery confectionery
• Nut seed butter
• RTE cereals

Regional Outlook (Revenue in USD Million; 2020–2028)

• North America
• The U.S.
• Canada
• Europe
• Germany
• France
• UK
• Spain
• Italy
• Rest of the Europe
• Asia Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
• Middle East Africa
• Latin America
• Brazil

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Identifying the basic business drivers, challenges, and tactics adopted:

• The report provides intrinsic details and fluctuating aspects that influence the commercial dynamics of the Almond Ingredients market along with integral factors of the rise in the demand for the product have been mapped across vital geographical regions.
• An overview of the multifarious applications, business areas and the latest trends observed in the industry has been laid out by this study.
• Various challenges overlooking the business and the numerous strategies employed by the industry players for successful marketing of the product have also been illustrated.
• The research inspects the sales channels (indirect, direct, and marketing) that companies have chosen for the primary product distributors and the superior clientele of the market.

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