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Global Almond Ingredients Market it is anticipated to reach at market value of US$ 17.2 Bn by 2027
Bizizz Market Research has recently published a research report, “Almond Ingredients Market By Type (Almond, Almond Paste, Almond Pieces, Almond Milk, Almond Flour, Others), Application (Bakery & confectionery, Bars & Snacks, Ice creams & Milk substitutes, Confectionary & Bakery Products, RTE cereals, Others), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 - 2027”.
As per the report, Global Almond Ingredients Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 17.2 Bn by 2027, witnessing a CAGR of 11.4 % during the forecast period. Key drivers of the market are its high nutritional content that supports diabetic patients increases the market demand of Almond ingredients. However, high cost associated with almond ingredients may hinder the growth of the market during the forecast period.
The constituents of range of mineral content and vitamins do supports the health of the individuals. Such properties of the almond ingredients is increasing the awareness among the customers is propelling the demand of these offerings. Moreover, the almond ingredients are also supports the diabetic patients to manage their health supports the market growth of almond ingredients market.
The Almond Ingredients market is anticipated to register a CAGR of over 11.4% during the forecast period.
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By Product, Almond segment held a prominent share in Global Almond Ingredients Market in 2018.
Almonds are well recognized by the consumers for its high nutritional contents that is increasing its market growth. It has a versatile applicability in the preparation of various food and beverages along with pharmaceutical products are encouraging the market growth of almond segment.
By Application, Bar and snacks Segment of Global Almond Ingredients Market Is Anticipated to Witness the Fastest CAGR during the Forecast Period
The customers shift in the lifestyle is increasing the demand of bar and snacks segment in which the application of almonds and its allied products are being heavily utilized. Such trends in the market are propelling the market demand of almond ingredients in the global market.
Europe is anticipated to dominate the Global Almond Ingredients Market during the Forecast Period.
The Europe is leading in the market of almond ingredients since the past decade. This could be attributed to the increased production of the almonds in this region that is contributing to the global market. Europe has accounted for more than 5000 types of products introduction to the market that are based on the almond ingredients.
Global Almond Ingredients market was highly fragmented among the number of local and global players. Various companies are trying to expand their geographical presence in the market because of increased demand for healthy food.
Prominent players operating in the Global Almond Ingredients Market are: Kanegrade Limited, Borges Agricultural & Industrial Nuts, Archer Daniels Midland Company, Barry Callebaut Group, Olam International Limited. Royal Nut Company, Treehouse California Almond, Harris Woolf California Almonds, The Wonderful Company, Dohler GmbH, Savencia SA, John B. Sanfilippo & Son, and Blue Diamond Growers., among others.
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