Almonds are commonly known nuts. It consists of the kernel, middle shell, outer green shell cover and seed coat. The nutritionally essential part is the kernel. They are very important in diet owing to their nutritional benefits as it has very low amounts of cholesterol and sodium and is a good source of riboflavin, iron, zinc manganese, and magnesium. Growing health consciousness in developed as well as emerging economies population, consumers demanding natural based products like products containing nuts like almonds. They are looking for tasty snack options, simultaneously demanding a healthy and nutritious snack that has a touch of indulgence.
With the increase in consumer demand for innovative food products, regions like Europe and North America are leading the product innovation in the almond product market. With growing concerns regarding cosmetics and personal care product ingredients, consumers are shifting towards natural based products. And thus, almond products like almond oil are in demand. Considering health benefits, anti-inflammatory and nutritional as well as medicinal properties of almonds, they are attracting cosmetic, personal care, food supplements, infant formulae and pharmaceutical market players too. With rising market demand for natural based food, cosmetics, personal care and pharmaceutical products, almond has got considerable market demand worldwide as it suits in almost every demanding product with its novel properties.
Geographic Segmentation
Based on geography, the market is divided into Europe, Asia Pacific, Latin America, North America, and the Middle East and Africa. North America market is a major manufacturer of almonds, commanding 68% of total almond production worldwide. Europe region leads as the almond product market with nearly half of the shares of new products introduction worldwide. It accounts for more than half of almond confectionary new product introductions worldwide, along with leading in private label start-ups with major share worldwide. The Asia Pacific, and the Middle East and Africa regions command considerable shares in almond production and almond based products market. China is a major exporter of almonds in Asia Pacific Markets.
The Key market players in almond-based products includes, Russell Stover Candies, Silk, Sanitarium, Honeyville, Red Mill, Himalaya, Blue Diamond Almonds, ADM, Kanegrade Limited, Kerry Group, The Hershey Company, Mars, the Good Snack Co. Sahale snaks, Olam Internationls, Bajaj etc.
The Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights of their financial performance, market position and growth strategies. Comparative analysis of prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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