Global Almond Butter Market

Description

Market Overview

The global almond butter market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 8.34% during the forecast period (2023-2030).

Almonds are known as plant based superfood hence it has gaining popularity for the production of non dairy products. It has texture like peanut butter that is creamy, smooth and delicious. Almond butter is used as spreads in sandwiches and many sweet and savory recipes. It is also used as a dips for the fresh fruits and vegetables. Almond butters are rich source of protein, monounsaturated and polyunsaturated fats, fibers and carbohydrates. Increase in the consumers health benefits awareness of consumption of almond butter helps to boost market growth in the forecast period.

Market Dynamics

The growing adoption of almond butter as a healthy substitute

Increase in the consumers demand for healthy food options and changing food consumption patterns. Also, consumers in the market are looking for the ready to eat food items is expected to boost demand of the almond butter market in the forecast period. Almond butter is easily blend with the essential oils and is hydrating, moisturizing making it important component to be used in massage. Almond butter is used in various receipies hence sales of the almond butter is increasing. Increase the demand of almond butter from the young population is increasing due to the increasing health benefits of consumption of almond butter.

Rising consumer awareness of health benefits associated with almond butter helps to boost market growth

Almond butter is rich source of vitamins, minerals, and antioxidants that is good for the health. It helps in the prevention of heart disease and lowers bad cholestrol. Other nutrients in the almond butter helps to improve heart health and lower risk for heart disease. Omega 3 fatty acids helps to prevent irregular heart rythms. Vitamin E helps to stop plaque buildup in arteries. L-arginine in the almond butter helps to improve the health of the walls in arteries. Calcium in the almond butter helps to boost health of bones. Almond helps in the controlling blood sugar and insulin level after eating. The magnesium in the almond butter helps to increase insulin sensitivity. This also helps to lower risk of developing diabetes. Almond butter has more vitamin E than other nut butters. Vitamin E is an antioxidant that could help prevent diabetes, obesity, and certain cancers. Almond butter has some other antioxidants such as flavonoids and polyphenols.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The global almond butter market is segmented based on type, application, nature, distribution channel and region.

Conventional almond butter segment is expected to account for a significant market revenue share in the year 2022

Conventional almond butter accounted largest market share due to its effectiveness and easy availability in the market. Conventional almond butter is useful for the weight loss because it has all stndard almond benefits. Major key players of the conventional almond butter launched new products in the market and follows merger and acquisition strategy to expand their business. Conventional almond butter is used as substitute for the peanut butter. Some of the key players launched new products in the market. For instance, in November 2020, Yoga bar launched new range of nut butters. Nut butters product category including dark chocolate peanut butter, dark chocolate almond butter, hazelnut almond butter, 100% almond butter and 100% cashew butter.

Geographical Analysis

The strong presence of major players in North America and increased awareness about the use of healthy products

The growing demand for almond butter in major countries of the North America region like United States and Canada helps to boost market growth in the forecast period. Rising adoption of almond butter consumption and increase in the adoption of almond butter in the cosmetic industry helps to boost regional growth in the forecast period. Increase in the investment in food industry by major key players helps to boost market growth in the forecast year. Increase in the product launches by the major key players helps to boost market growth. For instance, in December 2022, Kate's Real Food launched almond butter and peanut butter in the United States. Bothe the products are USDA certified, organic, gluten-free and Non-GMO. The products are available on the company website KatesRealFood.com with the special offers. Almond butter variety pack is available in various varieties such as lemon coconut, oatmeal cranberry and almond, mango coconut and dark chocolate cherry and almond.

Competitive Landscape

The major global players in the market include: Unilever, Procter & Gamble, The J.M. Smucker Company , Hormel Foods Corporation, Boulder Brands , The Kraft Heinz Company, Algood Food Co., Conagra Brands, Inc. , Britannia Dairy Private Limited, Hormel Foods Corporation, The Leavitt Corporation, DiSano.

Why Purchase the Report?

To visualize the global almond butter market segmentation based on type, application, nature, distribution channel and region, as well as understand key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of almond butter market-level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping available as excel consisting of key products of all the major players.

The global almond butter market report would provide approximately 91 tables, 63 figures and 195 Pages.

Target Audience 2023

Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies

Product Code: FB6387

1. Methodology and Scope

1.1. Research Methodology
1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

3.1. Snippet by Type
3.2. Snippet by Nature
3.3. Snippet by Application
3.4. Snippet by Distribution Channel
3.5. Snippet by Region

4. Dynamics

4.1. Impacting Factors
- 4.1.1. Drivers
  - 4.1.1.1. The growing adoption of almond butter as a healthy substitute
  - 4.1.1.2. XX
- 4.1.2. Restraints
  - 4.1.2.1. XX
  - 4.1.2.2. XX
- 4.1.3. Opportunity
  - 4.1.3.1. XX
- 4.1.4. Impact Analysis

5. Industry Analysis

5.1. Porter's Five Forces Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis

6. COVID-19 Analysis

6.1. Analysis of COVID-19
- 6.1.1. Before COVID-19 Scenario
- 6.1.2. Present COVID-19 Scenario
- 6.1.3. Post COVID-19 or Future Scenario
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion

7. By Type

7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 7.1.2. Market Attractiveness Index, By Type
7.2. Regular*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Flavored

8. By Nature

8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Nature
- 8.1.2. Market Attractiveness Index, By Nature
8.2. Conventional*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Organic

9. By Application

9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.1.2. Market Attractiveness Index, By Application
9.2. Food Industry*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Cosmetics Industry
9.4. Others

10. By Distribution Channel

10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 10.1.2. Market Attractiveness Index, By Distribution Channel
10.2. Online Retail*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
10.3. Supermarkets and Hypermarkets
10.4. Convenience Stores
10.5. Others

11. By Region

11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
11.2. North America
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Nature
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.2.7.1. U.S.
  - 11.2.7.2. Canada
  - 11.2.7.3. Mexico
11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Nature
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.3.7.1. Germany
  - 11.3.7.2. UK
  - 11.3.7.3. France
  - 11.3.7.4. Italy
  - 11.3.7.5. Russia
  - 11.3.7.6. Rest of Europe
11.4. South America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Nature
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.4.7.1. Brazil
  - 11.4.7.2. Argentina
  - 11.4.7.3. Rest of South America
11.5. Asia-Pacific
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Nature
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.5.7.1. China
  - 11.5.7.2. India
  - 11.5.7.3. Japan
  - 11.5.7.4. Australia
  - 11.5.7.5. Rest of Asia-Pacific
11.6. Middle East and Africa
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Nature
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel

12. Competitive Landscape

12.1. Competitive Scenario
12.2. Market Positioning/Share Analysis
12.3. Mergers and Acquisitions Analysis

13. Company Profiles

13.1. Unilever*
- 13.1.1. Company Overview
- 13.1.2. Product Portfolio and Description
- 13.1.3. Financial Overview
- 13.1.4. Key Developments
13.2. Procter & Gamble
13.3. The J.M. Smucker Company
13.4. Hormel Foods Corporation
13.5. Boulder Brands
13.6. The Kraft Heinz Company
13.7. Algood Food Co.
13.8. Conagra Brands, Inc.
13.9. Britannia Dairy Private Limited
13.10. Hormel Foods Corporation
13.11. The Leavitt Corporation
13.12. DiSano

LIST NOT EXHAUSTIVE

14. Appendix

14.1. About Us and Services
14.2. Contact Us

Global Almond Butter Market - 2023-2030