Almond Butter Market – Industry Trends and forecast period of 2021 to 2028.
almond butter market was valued at USD 130.1 million in 2021 and is expected to reach the value of USD 246.21 million by 2029, at a CAGR of 8.30% during the forecast period of 2022-2029.
Micellar caseins are generated from milk and are a form of casein protein. These caseins are naturally found in curd and account for 80% of milk protein. They're commonly utilized to treat bodily deficits in critical amino acids. Micellar casein is mostly employed in sports nutrition because of its ability to minimize muscle breakdown and efficiently deliver amino acids to cells.
Market Definition
Almond butter is a food paste made from either roasted or raw almonds. Almond butter is high in unsaturated fats, which are good for your heart. It is also high in proteins, vitamins, and minerals. Almond butter has a slightly sweet, mild roasted almond flavour, and some manufacturers make almond butter from blanched almond, which tastes like peanut butter and is easy to digest. It has a creamy, smooth texture. Almond butter comes in a variety of flavours and textures.
Segment Analysis:
Application (Food Industry, Cosmetics Industry, Other Applications), Distribution Channel (Online Retail, Hypermarkets and Supermarkets, Departmental Stores and Convenience Stores), Type (Raw Almond Butter, Roasted Almond Butter)
Scope of the Almond Butter Market
Almonds identified as a plant-based superfood, and as a result, they are becoming increasingly popular for the production of non-dairy products. Foods made with non-dairy almond protein powder and almond butter have proven nutritional benefits as well as exceptional flavour and texture. The clean flavour of almond butter allows it to be used to imitate typical dairy flavours, which increases its popularity.
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Key Market Competitors Covered in the Report
Unilever (UK), Procter Gamble (US), The J.M. Smucker Company (US), Hormel Foods Corporation (US), Boulder Brands (US), The Kraft Heinz Company (US), Algood Food Co. (US), Conagra Brands, Inc. (US), Britannia Dairy Private Limited (India), Hormel Foods Corporation (US), Justin's, LLC (US), The Leavitt Corporation (US), DiSano (India), Alpino (India), Pintola (India)
Research Methodology: Global System Integrator Market for Retail and Consumer Goods
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
The retail segment will dominate the end-use segment of the Almond Butter Market
The retail segment will emerge as the dominating segment under end-use with approximately 61.00% market share. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the semiconductors and electronics industry all around the globe will further bolster the growth of this segment.
Regional Analysis
The countries covered in the Almond Butter Market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
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COVID-19 Impact on Almond Butter Market
COVID-19 Pandemic is a worldwide pandemic that has affected many countries. It has wreaked havoc on the business and marketing fields. The supply chain was disrupted from one location to another due to transportation restrictions for export and import. Transport of raw materials such as almond butter and related items to industries is also restricted. As a result of a lack of raw materials and a lack of manpower, the manufacturing industries faced numerous challenges, leading to a shutdown. As a result, almond butter production is delayed. Reduced production results in decreased demand for the product. However, as the number of Corona cases decreases and the lockdowns are lifted, the almond butter market grows rapidly.
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- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Almond Butter Market
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