Market Research Report
Middle East and Africa Almond Flour Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Form, Nature, and End User
|Middle East and Africa Almond Flour Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Form, Nature, and End User|
Published: November 18, 2020
The Insight Partners
Content info: 61 Pages
Delivery time: 1-2 business days
The Middle East and Africa (MEA) almond flour market, by country, has been sub-segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. Middle East countries such as Kuwait, Saudi Arabia, and the UAE have experienced a shift in the socio-economic condition, food eating habits, lifestyle and economic status, and health patterns in the past four decades. These countries are known for their secure financial status. This shift has occurred due to the increase in income owing to accumulated oil revenues. The market in the Middle East and Africa is also experiencing rapid development with the growth of markets such as Iraq, Yemen, and Iran. Almond flour is estimated to have a growing opportunity in the Middle East and Africa region due to its rising demands from various end-use industries like residential, food processing, cosmetics, and from the HORECA sector.
Market Overview and Dynamics
The almond flour market in MEA is expected to grow from US$ 80.27 million in 2019 to US$ 141.30 million by 2027; it is estimated to grow at a CAGR of 7.6 % from 2020 to 2027. Almond flour refers to almond nuts that has been ground and sieved to a certain particle size. It is mainly made from blanched almonds that lacks the dark flecks of skin. It is the most widely used nut product and is often used to make premium pastries, cookies and sweet goods like almond macaroons. As the nuts are not ground to uniform sizes, the almond flour is sometimes coarser. It is sold in well stocked supermarkets, grocery stores as well as online. It can also be made at home. Almond flour has recently become famous and is used in baking items for consumers who prefer low-carbohydrate diets. It provides moisture and rich nutty taste to the baked goods. The items made using almond flour tend to be calorie- dense.
COVID 19 has impacted the major countries of MEA. Most of the countries in the region are under lockdown, which is impacting the almond flour market. Saudi Arabia has the highest number of confirmed cases of the COVID-19 infection among all MEA countries. This is likely to impact the food and beverages industry in the region, mainly due disrupted supply and distribution chains.
Key Market Segments
In terms of form, the blanched segment accounted for the largest share of the MEA almond flour market. In 2019 In terms of nature, conventional held the largest market share in 2019. In terms of end user, food and beverages sector accounted for the largest share of the MEA almond flour market.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the MEA almond flour market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Shiloh Farms, Treehouse California Almonds, LLC., Blue Diamond Growers, and Bob's Red Mill Natural Foods
Reasons to Buy Report
Understand the MEA almond flour market landscape and identify segments that are most likely to guarantee a strong returnStay ahead of the race by comprehending the ever-changing competitive market landscape in MEAEfficiently plan mergers and acquisitions, and partnership deals in the MEA almond flour market by identifying market segments with the most promising probable salesTake knowledgeable business decisions from perceptive and comprehensive analysis of performance of various market segmentsObtain market revenue forecast for market by various segments for the period 2019-2027MEA Almond flour Market Segmentation
MEA Almond flour Market, by Form
MEA Almond flour Market, by Nature
OrganicConventionalMEA Almond flour Market - by End User
FoodserviceFood and BeveragesCosmetic IndustryDietary SupplementsOthersMEA Almond flour Market - by Country
UAESaudi ArabiaSouth AfricaRest of MEACompany Profiles
Shiloh FarmsTreehouse California Almonds, LLC.Blue Diamond Growers Bob's Red Mill Natural Foods
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA almond flour market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the MEA almond flour market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the almond flour market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution