Europe Almond Ingredients Market: Industry Analysis and Forecast (2023-2029)

The Europe Almond Ingredients Market size was valued at USD 3.5 Billion in 2022 and the total Europe Almond Ingredients revenue is expected to grow at a CAGR of 6.2% from 2023 to 2029, reaching nearly USD 5.34 Billion.
Europe Almond Ingredients Definition:
Almond ingredients are edible products derived from almonds. They are widely used in cooking applications because of their unique flavor, texture, and nutritional profile. European almond ingredients demand growth is driven mostly by a consumer trend towards healthier living. Almonds are widely preferred as ingredients in various food products in Europe. They are measured as a healthy food option because of their nutrient profile in the Europe. Almonds are a good source of vigorous fats, protein, fiber, and numerous vitamins and minerals. An increase in interest in healthy eating habits are expected to contribute to the high demand for almond ingredients. Almond ingredients are used in food manufacturing and in numerous dishes and as a flavoring agent. Almond pieces are generally used as garnishes in baked goods, desserts, salads, and savory dishes.To know about the Research Methodology :- Request Free Sample Report
Europe Almond Ingredients Market Overview:
The demand for almond ingredients like whole almonds, almond pieces almond flour, almond milk, almond oil, and whole or sliced almonds are increasing because of driving factors like presence of health consciousness population, demand for plant-based alternatives. The demand for almond ingredients is depending upon local food preferences and cultural factors by European countries and regions. The Europe almond ingredients market is mainly driven by facts like presence of snack food industry, inclusions of health-based ingredients, an introduction of innovative almond-based products, European consumer demand for healthier foods, natural foods, and snacks.

Many market key players have to take considerations regarding with various laws governing the environment like the storage, product composition and hazardous and toxic materials. Many manufacturers facing complexity in their production and procurement operations because of the evolving nature of environmental compliance regulations and standards and specific customer compliance requirements.

The Europe almond ingredients industry has to follow a variety of federal, state and local laws and regulations that includes food safety requirements related to the ingredients, manufacture, processing, packaging, storage, marketing, advertising, labelling quality and distribution of their products. Despite the presence of many driving factors behind the market growth, the instability and disruption in the capital and credit markets, depressed consumer confidence about the nutrition value, and negative economic conditions spending are some of the factors, which are expected to impact negatively on the growth almond ingredients market.

Consumer preference Approach towards Almond Ingredients Adoption in Europe.
An increase in popularity of almond ingredients is attributed to many factors. Many peoples are consuming dairy alternatives because of the allergy, lactose intolerance or adherence to a vegan/plant-based diet. Consumer demand for almond ingredients is expected to increase at an exponential growth rate in Europe. The almond products offer a unique nutritional profile, with a wide range of values for protein, carbohydrates and fat, along with vitamins and minerals.

Common beliefs and attitudes of the population, demographics trends are playing a great role in the growth of the Europe almond ingredients market. Demographics and health awareness among population in Europe is high, which are expected to increase the adoption rate of almond ingredients products. The young and old populations are preferring almond ingredients because they are more curious about their health and fitness.
Europe Almond Ingredients Market Dynamics:
Increase in health consciousness and rise in awareness about sports nutrition products

Unhealthy diet is one of the primary reasons for increase in risk of developing diabetes, cardiovascular diseases (CVDs), cancer, and obesity. Many people are focused on self-care & preventive medication and are tracking their nutrition & health. Moreover, there is growing awareness about increased risk for serious illness with obesity, diabetes, and heart diseases. Consumers are increasingly realizing the benefits of a healthy lifestyle and supplements, which is expected to positively affect the Europe almond ingredients market during the forecast period. A shift towards preventive healthcare is one of the key drivers that is expected t increase the demand for almond ingredients during the forecast period.

Many peoples are more willing to expend in activities , which helps to promote good health, like regular exercise, balanced diets, and routine check-ups, to prevent diseases and maintain their well-being. The fitness and wellness industry is witnessing substantial growth that offering a range of products to cater to the growing demand for almond ingredients.

The rising popularity of packed food items driving the market growth of Europe Almond Ingredients Market

The growing preference for prepackaged snacks and confectionery foods has increased the demand for energy bars and almond ingredients. In addition, hectic work schedules and the desire to save time while cooking contributes to the rising demand for energy bars. A rise in consumers' purchasing power and a growing preference for flavorful almond ingredients food has increased the popularity of energy bar consumption. The trend of prepackaged snacks for on-the-go consumption has increased the demand for almond ingredients. Moreover, ingredient variations in snack products attract customers' attention, encouraging them to purchase such items based on their needs, thereby driving the Europe almond ingredients market.

The Demand for Plant-Based Milk Options are expected to Increase the Preference For Almond Ingredients

An increase in consumption of the dairy alternatives products is symbolic of the growing trend to transition from animal-based products to dairy alternatives foods to support sustainable and ethical food production. Almond milk is gaining popularity as a dairy milk alternative in Europe. An increase in adoption of dairy alternatives from many drivers like the avoidance of dairy allergens, demand for clean label products, compatibility with vegetarian, vegan and flexitarian lifestyles and concerns about sustainability and animal welfare are some of the prominent factors behind the almond ingredients market growth.

In Europe, A number of vegan advocacy organizations are requesting to the government to encourage dairy farmers to transition to dairy alternatives productions. The collective group, which includes Animal Aid, PETA, The Vegan Society, and others has sent a letter to the UK government to take permission for dairy farmers to make the switch into alternative market.
Europe Almond Ingredients Market Segment Analysis:
Based on the applications, Europe almond ingredients market is segmented into snacks & bars, bakery & confectionery, milk substitutes & ice creams, nut & seed butters, RTE cereals and others. The Snacks & Bars segment held the more than 50% share in 2022 in Europe and it is projected to continue its dominance during the forecast period. The Europe energy bar industry is witnessing a massive growth mainly because of increasingly fast-moving lifestyles along with the requirement for instant energy among the youngsters. Also, growing trends for convenient and healthy food that are quick and instant energy providers are some of the factors that drive the demand for almond ingredients energy bar. Currently, the energy bars of many brands are mainly promoted via social media, sold via e-commerce platforms in Europe.The increased intake of low-carb and low-fat energy bars results from the growing demand for diet foods. In addition, as an increasing number of people are aware of the positive effects of natural, chemical-free foods on their health, the production of gluten-free and non-allergic nutrition foods has become convenient. In addition, the increasing incidence of diabetes has increased the consumption of low-sugar foods, creating new market opportunities for European key players.

Increasing availability of allergy free ingredient bar is expected to serve major growth opportunities for the market during the forecast period. The online purchase of energy bars is increasing, from both pure-play online retailers and websites of traditional food retailers. The rising number of mobile users is crucial to the online sale of packaged nutritional foods, such as energy bars. Fitness enthusiasts seek convenient options while purchasing their nutrition foods.

By Type, Europe almond ingredients market is segmented into whole almonds, almond pieces, almond flour, almond paste, almond milk, almond oil and others. The whole almonds segment held the dominant position with a share of 22.4% in the market. Whole almonds are used in a variety of ways like as a snack, added to salads, flour for gluten-free recipes. Many consumers are shifting their preference to almonds as a healthier substitute to conventional snacks, with the increasing awareness of healthy eating. Almond producers and marketers are focusing to promote nutritional benefits of almonds through advertising campaigns and educational initiatives.
Europe Almond Ingredients Market Regional Insights:
Europe is the third largest consumer of almond ingredients and expected to contribute more than 25% share of the global almond ingredients market. The market growth in the region has driven by modern trade development, changing consumer habits and dynamic product development. A shift in preferences towards packaged, branded dairy alternative products are propelling the growth in the almond ingredients market. Germany held the dominant position in the Europe almond ingredients market. Growing demand for on-the-go snacking is driving growth of the energy bar market growth in Germany.

Increasing number of health and fitness center is another key factor propelling growth of the market. For instance, in recent years, health clubs and fitness centers have witnessed consistent growth, due to increases in health concerns and changes in lifestyle. The increase in health awareness and the need for adequate nutritional content in food have also fostered the demand for almond ingredients products. The United Kingdom held the second-largest market for almond ingredients in Europe. France, Italy, Spain, Sweden, and Austria are the other major markets for almond ingredients in Europe, which have a combined share of more than 35% in 2022.

Europe Almond Ingredients Market Competitive Landscape:

The degree of competition in the Europe almond ingredients Market is high because of presence of many dominant players and various small and medium-sized start-up companies. The presence of the players' distribution channel and access to raw material impacts the competition in the Europe almond ingredients Market. Many almond ingredients companies have reputation and they have the best grade, quality and products to offer. key players are facing face competition in each of their product categories and subcategories.

Prominent key players are increasing their sales by consumer advertising and promotion, which is expected to assist to build brand awareness and equity regarding the almond ingredients’ product. The competition in the market is depending on product quality, brand recognition, brand loyalty, price, product innovation, promotional activity, availability and taste among other things. A shift in taste preferences of consumers is pushing manufacturers to introduce innovative almond ingredients products in the market.

Top brands and new entrance in the almond ingredients industry are capturing a large consumer base with the product lines and flavors to fulfil different taste and needs. Innovation, including new product development is a key component of Europe almond ingredients market growth. Key players are continuously seeking to understand their consumers and develop products that address their desire for almond ingredients products and alternatives to conventional dairy packaged foods.

An improvement in protein formulation options with greater formulation expertise offers product developers the opportunity to capitalize on the consumer appetite for almond ingredients in a variety of dairy alternative products. Many of the innovations and products, which are pioneered in the food marketplace are expected to experience commercial successes. Food manufacturers are launching different Almond milk distribution channels and innovative products to meet the increasing consumer demand for healthy beverages and pasteurized Almond milk as dairy alternatives and deliver unique flavors.
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Europe Almond Ingredients Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 3.5 Bn.


Forecast Period 2023 to 2029 CAGR:
6.2%
Market Size in 2029:
US $ 5.34 Bn.


 Segments Covered:
by Application
Snacks & Bars
Bakery & Confectionery
Milk Substitutes & Ice Creams
Nut & Seed Butters
RTE Cereals
Others


by Type
Whole Almonds
Almond Pieces
Almond Flour
Almond Paste
Almond Milk
Almond Oil
Others



Europe Almond Ingredients Market by Country:
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, and the Rest of Europe)
Europe Almond Ingredients Market Key Players:
1. Olam International Ltd.
2. Barry Callebaut AG
3. Mantrose UK Ltd.
4. Archer Daniels Midland Company
5. Savencia SA
6. The Nut Job Ltd
7. Nutfield Ltd
8. Sosa Ingredients S.L.
9. Blue Diamond Growers
10. Kanegrade Limited
11. The Wonderful Company
12. Harris Woolf California Almonds
13. Treehouse California Almond
14. Royal Nut Company
15. Dohler GmbH
16. Borges Agricultural & Industrial Nuts S.A.
17. Pecan Deluxe Candy Company Ltd.
18. Purmacherei
19. 5 Pailles.
FAQs:
1. What are the growth drivers for the Europe Almond Ingredients Market?
Ans. Stringent Government Regulations, Increasing Demand for snack bars are expected to be the major driver for the Europe Almond Ingredients Market.

2. What is the major restraint on the Europe Almond Ingredients Market growth?
Ans. The preconceptions for energy bars are rapidly changing, which is expected to be the major restraining factor for the Europe Almond Ingredients Market growth.

3. Which country is expected to lead the Europe Almond Ingredients Market during the forecast period?
Ans. Germany is expected to lead the Europe Almond Ingredients Market during the forecast period.

4. What is the projected market size & growth rate of the Europe Almond Ingredients Market?
Ans. The Europe Almond Ingredients Market size is expected to grow at a CAGR of 6.2% from 2023 to 2029, reaching nearly USD 5.34 Billion.

5. What segments are covered in the Europe Almond Ingredients Market report?
Ans. The segments covered in the Europe Almond Ingredients Market report are End Use Industry, Type, and Region.