What is Global Almond Market?
The Global Almond Market is a vast and dynamic sector that encompasses the production, distribution, and consumption of almonds worldwide. Almonds, a type of nut, are grown primarily in the United States, Australia, and the Mediterranean region, and are consumed globally due to their numerous health benefits. The market is driven by various factors such as the growing awareness of the health benefits of almonds, the increasing demand for almond-based products like almond milk and almond flour, and the rising popularity of plant-based diets. However, the market also faces challenges such as fluctuating weather conditions that affect almond production and the high cost of almonds compared to other nuts. Despite these challenges, the global almond market continues to grow and evolve, offering numerous opportunities for producers, distributors, and consumers alike.
Shelled Type, Inshell Type in the Global Almond Market:
The Global Almond Market is segmented into two main types: Shelled Type and Inshell Type. Shelled Type refers to almonds that have been removed from their shells, while Inshell Type refers to almonds that are still in their shells. Each type has its own unique characteristics and uses. Shelled almonds are typically used in cooking and baking, as they are ready to use and can be easily incorporated into various recipes. On the other hand, Inshell almonds are often sold as snacks, as consumers enjoy the process of cracking the shell to reveal the nut inside. Both types of almonds are highly nutritious and versatile, making them popular choices among consumers worldwide. However, the demand for each type can vary depending on factors such as consumer preferences, dietary needs, and cultural practices.
Direct Edible, Food Processing, Kitchen Ingredients in the Global Almond Market:
The Global Almond Market finds its usage in various areas such as Direct Edible, Food Processing, and Kitchen Ingredients. Direct Edible refers to almonds that are consumed as is, without any further processing. These almonds are often roasted and salted, and are a popular snack choice due to their delicious taste and high nutritional value. Food Processing refers to the use of almonds in the production of various food products such as almond milk, almond butter, and almond flour. These products are gaining popularity due to the rising trend of plant-based diets and the increasing awareness of the health benefits of almonds. Kitchen Ingredients refers to the use of almonds in cooking and baking. Almonds can be used in a variety of dishes, from salads and main courses to desserts and pastries, adding a unique flavor and texture to the food.
Global Almond Market Outlook:
The Global Almond Market outlook is promising, with the market value expected to reach US$ 10410 million by 2029 from US$ 7466.1 million in 2022. This represents a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period of 2023-2029. The market is dominated by key players such as Wonderful Pistachios & Almonds, Blue Diamond, Panoche Creek Packing, Spycher Brothers, and Select Harvest, which collectively account for about 40% of the market share. The United States is the major region of the global market, accounting for about 80% of the market share. This is due to the country's favorable climate for almond production, as well as its advanced agricultural practices and strong demand for almonds.
| Report Metric | Details |
| Report Name | Almond Market |
| Accounted market size in 2023 | US$ 7854.9 million |
| Forecasted market size in 2029 | US$ 10410 million |
| CAGR | 4.8 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Segment by Region |
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| By Company | Wonderful Pistachios & Almonds, Blue Diamond, Panoche Creek Packing, Spycher Brothers, Select Harvest, Mariani Nut Company, Waterford Nut Co, Treehouse, Belehris Estates, California Gold Almonds, Hilltop Ranch, Harris Family Enterprises, D.V.Enterprise, Harris Woolf California Almonds, Patrocinio Lax, Sran Family Orchards |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
