According to the current analysis of Reports and Data, the global organic almond ingredients market was valued at USD 136.13 Million in 2019 and is expected to reach USD 222.98 Million by year 2027, at a CAGR of 7.1%. Almonds are a rich source of copper, calcium, riboflavin, potassium, manganese, phosphorous, and have been associated with reduced risk of heart disease.  Trending almond based products, inclusions of health-based ingredients, technological innovations enabling the trade of raw material, increasing demand from the snack food industry, technological innovations enabling the trade of raw material are the major drivers for the growth of this market. In 2019, US-based cooperative Blue Diamond expanded its beverage product portfolio with the launch of Almond Breeze and Almond milk Mexican Hot Chocolate flavor. The company also plans to release Almond milk ‘Nog’ soon. In addition to this, Coca-Cola brand Simply Beverages launched almond milk in May, 2020. The new Simply Almond line offers three flavors (vanilla, unsweetened, and original) made with minimal ingredients. Global trade pressures, increasing quality control standards, impact of drought on almond crops and irrigation solutions, less reliance on traditional almond farming methods, rising incidences of allergies among consumers, volatile prices of raw materials are few of the major challenges this market faces.

Top Companies Operating in the Global Organic Almond Ingredients Market Report:

John B. Sanfilippo Son, Borges Agricultural Industrial Nuts (Bain), Savencia SA, Kanegrade Limited, Harris Woolf California Almonds, The Wonderful Company, Olam International Limited, Barry Callebaut Group, Blue Diamond Growers, Archer Daniels Midland Company (ADM)

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Further key findings from the report suggest

• Various trends in the health and nutrition sector have led to more and more consumers preferring almond-containing dairy alternatives. The chief reasons for this are a growing interest in botanicals as well as a desire to try new things and growing tendency to consume fewer animal products. These products are very low on calories and carbohydrates compared to milk. The dairy alternatives segment is expected to grow at a CAGR of 8.9%
• Almonds can extensively be used in many applications and creative vegan and dairy alternatives community has found ever new ways to transform this simple nut such as almond milk, flour, extract. Almond flour is low carb flour made from the so-called press cake, the solid remains of edible oil production and is frequently used in low-carb recipes and as a substitute for wheat flour. Further, almond milk is made from ground, sweet almonds mixed with water and sugar, honey or agave syrup. It tastes nutty – the intensity differing according to brand and its flavor determined by the roast. The extract is used for oriental rice dishes as well as to enrich more earthy dishes like baked apples, oatmeal and breads
• On the basis of Product segment, the whole almonds segment is anticipated to have the biggest share in the global organic almond market. Due to its several health benefits such as lower cholesterol levels, reduced blood pressure, and rich source of healthy fats, fiber, protein, magnesium and vitamin E are increasing the demand for this segment. It was estimated to be USD 79.45 Million in the year 2020
• Through the distribution channel, offline segment holds the largest market share at 67.6%. Due to increase in the number of market players, convenience stores are also keeping a large variety of almond milk products for the consumer’s convenience during regular grocery shopping. The online segment is also expected to rise substantially. The major reason for preferring online distribution mode is the ease of payment with respect to ordering the product. A number of offers and discounts are available on various apps for the concerned consumers. Surge in online apps has drastically impacted the supply chain of the market. For instance, Bigbasket offers a variety of almond milk beverages and other products through an online delivery option apart from the offline stores in India, thereby driving the online channel segment
• In terms of region, Europe holds the highest share in the global organic almond ingredients market during the forecast period, and is expected to reach USD 80.27 in value by 2027. European almond imports are increasing rapidly due to fast growing consumer trend towards healthier living, popular natural foods and snacks. The main almond importers in Europe include Germany and Spain. Both these countries are large consumers of almonds, however Spain is also a chief producer and a large transit country for almonds imported from the United States.
• On the basis of end use, snack and bars is anticipated to have the maximum share in the global organic almond ingredients market. Increasing demand for natural and wholesome almond snacks have encouraged the manufacturers to increase its production

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To assist readers in making profitable business decisions, the report is written with the help of industry analysts, market segmentation, and data collection. In addition to providing a comprehensive database of technological and product advances, the report provides detailed information on growth rates, market values, as well as niche market segments.

This report analyzes the Organic Almond Ingredients market in terms of growth rate, market share, current and emerging trends, production and consumption ratios, industrial chains, demand and supply, imports, exports, revenue contribution, and key player presences in key regions. As a part of the report, a country-by-country analysis of the Organic Almond Ingredients market is provided to gain a deeper understanding of its growth and progress.

The global Organic Almond Ingredients market is segmented into:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Further market segmentation

Product (Revenue, USD Million; 2017–2027)

• Flour
• Milk
• Pieces
• Whole almonds
• Others(flavor extracts, crocants, almond oil, and sablages)

End Use (Revenue, USD Million; 2017–2027)

• Snacks
• Bakery Confectionery
• Dairy Substitutes Ice creams
• Nut Seed Butters
• Other end use

Distribution Channels (Revenue, USD Million; 2017–2027)

• Online
• Offline

Key Questions Addressed in the Report:

• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market? What kind of strategic business plans have they made?

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