Almond Butter Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Nature, By Product Type, By Sales Channel, By Region & Competition, 2021-2031F

Description

The Global Almond Butter Market will grow from USD 0.73 Billion in 2025 to USD 1.09 Billion by 2031 at a 6.91% CAGR. Almond butter is a nutrient rich spread produced by grinding roasted or raw almonds into a paste that serves as a functional alternative to traditional peanut or dairy spreads.

Market Overview
Forecast Period	2027-2031
Market Size 2025	USD 0.73 Billion
Market Size 2031	USD 1.09 Billion
CAGR 2026-2031	6.91%
Fastest Growing Segment	Online
Largest Market	Europe

Key Market Drivers

Increasing Global Adoption of Plant-Based and Vegan Diets is significantly propelling the almond butter industry as consumers seek nutritious alternatives to dairy and meat products. This dietary shift has created a robust marketplace for plant-derived proteins, with almond butter serving as a versatile staple for households and food formulators alike who value its rich profile of monounsaturated fats.

Key Market Challenges

The susceptibility of the supply chain to climate variations presents a substantial barrier to the stability of the global almond butter sector. Almond cultivation is highly sensitive to environmental factors such as water availability and temperature fluctuations during critical growth stages. When adverse weather conditions occur in primary growing regions, they directly affect the harvest volume and quality of the raw material. This unpredictability creates significant price volatility for almond kernels, which constitutes the primary cost component for butter manufacturers.

Key Market Trends

The integration of functional additives for gut and muscle health is fundamentally reshaping product formulations within the global almond butter sector. Manufacturers are moving beyond simple protein content to incorporate value-added ingredients such as prebiotics, collagen, and MCT oil, catering to consumers who demand specific physiological benefits from their spreads. This shift elevates almond butter from a pantry staple to a functional food geared toward performance and wellness.

Key Market Players

Hormel Foods Corporation
Nutty Novelties
Barney & Co. California
Hallstar
8th Avenue Food & Provisions
The Hain Celestial Group, Inc.
Nuts 'N More
Cache Creek Foods
Sophim Iberia S.L.

Report Scope:

In this report, the Global Almond Butter Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Almond Butter Market, By Nature:

Organic
Conventional

Almond Butter Market, By Product Type:

Regular
Flavored

Almond Butter Market, By Sales Channel:

Supermarkets/Hypermarkets
Departmental Stores
Online
Others

Almond Butter Market, By Region:

North America
United States
Canada
Mexico
Europe
France
United Kingdom
Italy
Germany
Spain
Asia Pacific
China
India
Japan
Australia
South Korea
South America
Brazil
Argentina
Colombia
Middle East & Africa
South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Almond Butter Market.

Available Customizations:

Global Almond Butter Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Almond Butter Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Nature (Organic, Conventional)
- 5.2.2. By Product Type (Regular, Flavored)
- 5.2.3. By Sales Channel (Supermarkets/Hypermarkets, Departmental Stores, Online, Others)
- 5.2.4. By Region
- 5.2.5. By Company (2025)
5.3. Market Map

6. North America Almond Butter Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Nature
- 6.2.2. By Product Type
- 6.2.3. By Sales Channel
- 6.2.4. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Almond Butter Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Nature
    - 6.3.1.2.2. By Product Type
    - 6.3.1.2.3. By Sales Channel
- 6.3.2. Canada Almond Butter Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Nature
    - 6.3.2.2.2. By Product Type
    - 6.3.2.2.3. By Sales Channel
- 6.3.3. Mexico Almond Butter Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Nature
    - 6.3.3.2.2. By Product Type
    - 6.3.3.2.3. By Sales Channel

7. Europe Almond Butter Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Nature
- 7.2.2. By Product Type
- 7.2.3. By Sales Channel
- 7.2.4. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Almond Butter Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Nature
    - 7.3.1.2.2. By Product Type
    - 7.3.1.2.3. By Sales Channel
- 7.3.2. France Almond Butter Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Nature
    - 7.3.2.2.2. By Product Type
    - 7.3.2.2.3. By Sales Channel
- 7.3.3. United Kingdom Almond Butter Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Nature
    - 7.3.3.2.2. By Product Type
    - 7.3.3.2.3. By Sales Channel
- 7.3.4. Italy Almond Butter Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Nature
    - 7.3.4.2.2. By Product Type
    - 7.3.4.2.3. By Sales Channel
- 7.3.5. Spain Almond Butter Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Nature
    - 7.3.5.2.2. By Product Type
    - 7.3.5.2.3. By Sales Channel

8. Asia Pacific Almond Butter Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Nature
- 8.2.2. By Product Type
- 8.2.3. By Sales Channel
- 8.2.4. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Almond Butter Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Nature
    - 8.3.1.2.2. By Product Type
    - 8.3.1.2.3. By Sales Channel
- 8.3.2. India Almond Butter Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Nature
    - 8.3.2.2.2. By Product Type
    - 8.3.2.2.3. By Sales Channel
- 8.3.3. Japan Almond Butter Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Nature
    - 8.3.3.2.2. By Product Type
    - 8.3.3.2.3. By Sales Channel
- 8.3.4. South Korea Almond Butter Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Nature
    - 8.3.4.2.2. By Product Type
    - 8.3.4.2.3. By Sales Channel
- 8.3.5. Australia Almond Butter Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Nature
    - 8.3.5.2.2. By Product Type
    - 8.3.5.2.3. By Sales Channel

9. Middle East & Africa Almond Butter Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Nature
- 9.2.2. By Product Type
- 9.2.3. By Sales Channel
- 9.2.4. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Almond Butter Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Nature
    - 9.3.1.2.2. By Product Type
    - 9.3.1.2.3. By Sales Channel
- 9.3.2. UAE Almond Butter Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Nature
    - 9.3.2.2.2. By Product Type
    - 9.3.2.2.3. By Sales Channel
- 9.3.3. South Africa Almond Butter Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Nature
    - 9.3.3.2.2. By Product Type
    - 9.3.3.2.3. By Sales Channel

10. South America Almond Butter Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Nature
- 10.2.2. By Product Type
- 10.2.3. By Sales Channel
- 10.2.4. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Almond Butter Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Nature
    - 10.3.1.2.2. By Product Type
    - 10.3.1.2.3. By Sales Channel
- 10.3.2. Colombia Almond Butter Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Nature
    - 10.3.2.2.2. By Product Type
    - 10.3.2.2.3. By Sales Channel
- 10.3.3. Argentina Almond Butter Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Nature
    - 10.3.3.2.2. By Product Type
    - 10.3.3.2.3. By Sales Channel

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Almond Butter Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Hormel Foods Corporation
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Nutty Novelties
15.3. Barney & Co. California
15.4. Hallstar
15.5. 8th Avenue Food & Provisions
15.6. The Hain Celestial Group, Inc.
15.7. Nuts 'N More
15.8. Cache Creek Foods
15.9. Sophim Iberia S.L.