Almond Butter Market: Global Industry Analysis and Forecast (2023-2029)


Almond Butter Market size was valued at US$ 778.96 Mn. in 2022 and the total revenue is expected to grow at 8.22% through 2023 to 2029, reaching nearly US$ 1354.16 Mn.

Almond Butter Market Overview:

Almond butter is made from ground, roasted almonds. It is used in Jams, Spreads, and sandwiches in breakfast throughout the world. Almond butter is made from ground almonds and holds the same benefits as that of ground almonds. Almond Butter is a high source of calories, vitamins, and minerals. Almond Butter is consumed on daily basis and provides 25% of essential nutrient requirements in a couple of scoops. The presence of various nutrients is used as a defense mechanism against many diseases. With uses ranging from Food to Pharmaceuticals, demand for Almond Butter is growing. The rising health concerns and demand for nutrient-rich plant-based products have resulted in a boom in Global Almond Butter Market.Almond Butter MarketTo know about the Research Methodology :- Request Free Sample Report

Almond Butter Market Dynamics:

The high nutritional value and health benefit associated with it has resulted in increased demand for Almond Butter. Fast-paced life and increasing demand for nutrients have resulted in increased demand for Almond Butter. Preference for Almond Butter as spread in breakfast throughout the world has resulted in presence of a large customer base.

The high nutritional content of Almond Butter has resulted in a preference for it in making Cosmetics. Almond Butter has proven to be an efficient element for moisturizing and hydrating skin. Demand for Organic Cosmetic products has resulted in growth in adding Almond Butter in different cosmetics. With applications in different Industries, Almond Butter is a product in demand in the market. The rising population and increase in preference for nature-based products have resulted in growth in Global Almond Butter Market.

Almond butter has greater present in a monounsaturated fats. The monounsaturated assist to minimize LDL fatty acid and to grow HDL (good) fatty acid. Also, various nutrients in almond butter may help to reduce the illness of heart disease. Moreover, it has high concentration of vitamin E than the peanuts butter. Diabetes, obesity and some other disease is thwart by vitamin E as it has been a properties of antioxidant. Also, almond is widely used in many other food applications and it will provide various health benefits including such as minerals, proteins, fats, carbohydrate etc. So, due to this major factor will drive the growth of global almond butter market during the forecast period.

However, the high costs of almond butter and also the substitute choice of other high fats may limit the growth of almond market further.

Almond Butter Market Segment Analysis:

The global Almond Butter Market is segmented by Nature, End-Users and Distribution Channel.

Based on Nature, the global Almond Butter market is segmented into Organic and Conventional. The Organic segment held the largest market share of xx% in 2022 and is expected to retain its dominance throughout the forecast period. This consists of the origin and process that is used for making Almond Butter. If the extraction of Almond Butter is done in a controlled environment with little to no presence of chemicals, it comes under Organic. While, the conventional segment held the 2nd largest market share of xx% in 2022. Conventional Almond Butter is made by using preservatives and additives which use synthetic elements in its manufacturing.

Based on End-Users, the global Almond Butter market is segmented into Industrial, Commercial, Domestic and Others. The Industrial segment held the largest market share of xx % in 2022. As it widely used in several of industries such as food & beverage industry, pharmaceuticals, and also in cosmetics industry. Commercial use of Almond Butter is restricted to different organizations that are involved in the food industry. Almond Butter is used in Domestic Households on large scale. Various other sectors use Almond Butter as per need.Almond Butter MarketBased on Distribution Channels, the global Almond Butter market is segmented into Supermarket, Convenience Store, E-Commerce and Other. The Supermarket segment held the largest market share of xx% in 2022. The major reasons driving segment growth are an increase in the number of supermarkets and the availability of a diverse variety of items in such outlets. Consumers find it easier to acquire everyday necessities at cheaper rates in these stores, which is expected to generate considerable segment development during the forecast period.

However, the E-commerce segment is expected to grow at a highest CAGR of xx% in the global almond butter market during the forecast period. Due to increasing demand of online sectors. Also it provides the choice to consumers to purchase various types of almond butter products.

Almond Butter Market Regional Insights:

North America held the largest market share of xx% in 2022 and is likely to continue its leading position during the forecast period. Increased health concerns, rise in pulmonary and carcinogenic diseases, and growing demand for Dietary Supplements have resulted in the growing market Almond Butter Market. Various applications of this product are also used on large scale in this region. The presence of a variety of munching food products and increased in its sale has created a demand for making a nutritious substitute, increasing in sales of Almond Butter.

Europe held the 2nd largest market share of xx% in 2022. Along with food products, various applications of Almond Butter in cosmetics and pharmaceuticals on large scale have resulted in growth in Almond Butter Market in this region. Asia-Pacific region has a low market share now, however, increasing population, developing economies, and improvement in the standard of living has made predictions as to be a future leader for Almond Butter Market. South America holds a big existing market but growth here is very stagnant because of the presence of various restraining factors. The Middle East and Africa’s market is showing very low growth in Almond Butter Market.

The objective of the report is to present a comprehensive analysis of the global Almond Butter Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also helps in understanding the global Almond Butter Market dynamic, structure by analyzing the market segments and project the global Almond Butter Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Almond Butter Market make the report investor’s guide.

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Almond Butter Market




Report Coverage
Details




Base Year:
2022
Forecast Period:
2023-2029




Historical Data:
2018 to 2022
Market Size in 2022:
US $ 778.96 Mn.




Forecast Period 2023 to 2029 CAGR:
8.22%
Market Size in 2029:
US $ 1354.16 Mn
.




 Segments Covered:
by Nature
Organic
Conventional




by End Users
Industrial
Commercial
Domestic
Others




by Distribution Channel
Supermarket
Convenience Store
E-Commerce
Others






Almond Butter Market, by Region

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)

Top Almond Butter Industry Key Players are:

1. Premier Organics
2. Maranatha
3. Once Again Nut Butter
4. Cache Creek Foods
5. Justin’s
6. Sokol & Company
7. Barney Butter
8. Futter’s Nut Butters
9. Dakini Health Foods
10.The J.M. Smucker Company
11.Edennuts
12.Nuts’ n More
13.Zinke Orchards
14.Solstice Canyon
15.Prana
16.California Almonds
17.The Hain Celestial Group, Inc.
18.Meridian
19.Myprotein
20.Rapunzel Naturkost

Frequently Asked Questions:

1] What segments are covered in Almond Butter Market report?
Ans. The segments covered in Almond Butter Market report are based on Nature, End-Users and Distribution Channels.

2] Which region is expected to hold the highest share in the global Almond Butter Market?
Ans. North America is expected to hold the highest share in the global Almond Butter Market.

3] What is the market size of global Almond Butter Market by 2029?
Ans. The market size of global Almond Butter Market by 2029 is US$ 1354.16 Mn.

4] Who are the top key players in the global Almond Butter Market?
Ans. Premier Organics, Maranatha, Once Again Nut Butter, Cache Creek Foods and Justin’s are the top key players in the global Almond Butter Market.

5] What was the market size of global Almond Butter Market in 2022?
Ans. The market size of global Almond Butter Market in 2022 was US$ 778.96 Bn.

6] By End-Users, What segments are covered in global Almond Butter Market report?
Ans. The segments covered in global Almond Butter Market report by End-Users are Industrial, Commercial, Domestic and Others. 




1. Preface
1.1. Market Definition and Key Research Objectives
1.2. Research Highlights
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources
3. Executive Summary: Global Almond Butter Market Size, by Market Value (US$ Bn.)
3.1. Global Market Segmentation
3.2. Global Market Segmentation Share Analysis, 2021
3.2.1. Global
3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
3.3. Geographical Snapshot of the Almond Butter Market
3.4. Geographical Snapshot of the Almond Butter Market, By Manufacturer share
4. Global Almond Butter Market Overview, 2022-2029
4.1. Market Dynamics
4.1.1. Drivers
4.1.1.1. Global
4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.2. Restraints
4.1.2.1. Global
4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.3. Opportunities
4.1.3.1. Global
4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.4. Challenges
4.1.4.1. Global
4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.5. Industry Trends and Emerging Technologies
4.1.6. Porters Five Forces Analysis
4.1.6.1. Threat of New Entrants
4.1.6.2. Bargaining Power of Buyers/Consumers
4.1.6.3. Bargaining Power of Suppliers
4.1.6.4. Threat of Substitute Products
4.1.6.5. Intensity of Competitive Rivalry
4.1.7. Value Chain Analysis
4.1.8. Technological Roadmap
4.1.9. Regulatory landscape
4.1.10. Impact of the Covid-19 Pandemic on the Global Almond Butter Market
5. Supply Side and Demand Side Indicators
6. Global Almond Butter Market Analysis and Forecast, 2022-2029
6.1. Global Almond Butter Market Size & Y-o-Y Growth Analysis.
7. Global Almond Butter Market Analysis and Forecasts, 2022-2029
7.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029
7.1.1. Organic
7.1.2. Conventional
7.2. Market Size (Value) Estimates & Forecast By End Users, 2022-2029
7.2.1. Industrial
7.2.2. Commercial
7.2.3. Domestic
7.2.4. Others
7.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029
7.3.1. Supermarket
7.3.2. Convenience Store
7.3.3. E-Commerce
7.3.4. Others
8. Global Almond Butter Market Analysis and Forecasts, By Region
8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029
8.1.1. North America
8.1.2. Europe
8.1.3. Asia-Pacific
8.1.4. Middle East & Africa
8.1.5. South America
9. North America Almond Butter Market Analysis and Forecasts, 2022-2029
9.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029
9.1.1. Organic
9.1.2. Conventional
9.2. Market Size (Value) Estimates & Forecast By End Users, 2022-2029
9.2.1. Industrial
9.2.2. Commercial
9.2.3. Domestic
9.2.4. Others
9.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029
9.3.1. Supermarket
9.3.2. Convenience Store
9.3.3. E-Commerce
9.3.4. Others
10. North America Almond Butter Market Analysis and Forecasts, By Country
10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029
10.1.1. US
10.1.2. Canada
10.1.3. Mexico
11. U.S. Almond Butter Market Analysis and Forecasts, 2022-2029
11.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029
11.2. Market Size (Value) Estimates & Forecast By End Users, 2022-2029
11.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029
12. Canada Almond Butter Market Analysis and Forecasts, 2022-2029
12.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029
12.2. Market Size (Value) Estimates & Forecast By End Users, 2022-2029
12.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029
13. Mexico Almond Butter Market Analysis and Forecasts, 2022-2029
13.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029
13.2. Market Size (Value) Estimates & Forecast By End Users, 2022-2029
13.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029
14. Europe Almond Butter Market Analysis and Forecasts, 2022-2029
14.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029
14.2. Market Size (Value) Estimates & Forecast By End Users, 2022-2029
14.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029
15. Europe Almond Butter Market Analysis and Forecasts, By Country
15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029
15.1.1. U.K
15.1.2. France
15.1.3. Germany
15.1.4. Italy
15.1.5. Spain
15.1.6. Sweden
15.1.7. CIS Countries
15.1.8. Rest of Europe
16. U.K. Almond Butter Market Analysis and Forecasts, 2022-2029
16.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029
16.2. Market Size (Value) Estimates & Forecast By End Users, 2022-2029
16.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029
17. France Almond Butter Market Analysis and Forecasts, 2022-2029
17.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029
17.2. Market Size (Value) Estimates & Forecast By End Users, 2022-2029
17.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029
18. Germany Almond Butter Market Analysis and Forecasts, 2022-2029
18.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029
18.2. Market Size (Value) Estimates & Forecast By End Users, 2022-2029
18.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029
b19.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029
19.2. Market Size (Value) Estimates & Forecast By End Users, 2022-2029
19.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029
20. Spain Almond Butter Market Analysis and Forecasts, 2022-2029
20.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029
20.2. Market Size (Value) Estimates & Forecast By End Users, 2022-2029
20.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029
21. Sweden Almond Butter Market Analysis and Forecasts, 2022-2029
21.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029
21.2. Market Size (Value) Estimates & Forecast By End Users, 2022-2029
21.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029
22. CIS Countries Almond Butter Market Analysis and Forecasts, 2022-2029
22.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029
22.2. Market Size (Value) Estimates & Forecast By End Users, 2022-2029
22.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029
23. Rest of Europe Almond Butter Market Analysis and Forecasts, 2022-2029
23.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029
23.2. Market Size (Value) Estimates & Forecast By End Users, 2022-2029
23.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029
24. Asia Pacific Almond Butter Market Analysis and Forecasts, 2022-2029
24.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029
24.2. Market Size (Value) Estimates & Forecast By End Users, 2022-2029
24.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029
25. Asia Pacific Almond Butter Market Analysis and Forecasts, by Country
25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029
25.1.1. China
25.1.2. India
25.1.3. Japan
25.1.4. South Korea
25.1.5. Australia
25.1.6. ASEAN
25.1.7. Rest of Asia Pacific
26. China Almond Butter Market Analysis and Forecasts, 2022-2029
26.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029
26.2. Market Size (Value) Estimates & Forecast By End Users, 2022-2029
26.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029
27. India Almond Butter Market Analysis and Forecasts, 2022-2029
27.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029
27.2. Market Size (Value) Estimates & Forecast By End Users, 2022-2029
27.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029
28. Japan Almond Butter Market Analysis and Forecasts, 2022-2029
28.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029
28.2. Market Size (Value) Estimates & Forecast By End Users, 2022-2029
28.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029
29. South Korea Almond Butter Market Analysis and Forecasts, 2022-2029
29.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029
29.2. Market Size (Value) Estimates & Forecast By End Users, 2022-2029
29.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029
30. Australia Almond Butter Market Analysis and Forecasts, 2022-2029
30.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029
30.2. Market Size (Value) Estimates & Forecast By End Users, 2022-2029
30.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029
31. ASEAN Almond Butter Market Analysis and Forecasts, 2022-2029
31.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029
31.2. Market Size (Value) Estimates & Forecast By End Users, 2022-2029
31.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029
32. Rest of Asia Pacific Almond Butter Market Analysis and Forecasts, 2022-2029
32.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029
32.2. Market Size (Value) Estimates & Forecast By End Users, 2022-2029
32.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029
33. Middle East Africa Almond Butter Market Analysis and Forecasts, 2022-2029
33.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029
33.2. Market Size (Value) Estimates & Forecast By End Users, 2022-2029
33.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029
34. Middle East Africa Almond Butter Market Analysis and Forecasts, by Country
34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029
34.1.1. South Africa
34.1.2. GCC Countries
34.1.3. Egypt
34.1.4. Nigeria
34.1.5. Rest of ME&A
35. South Africa Almond Butter Market Analysis and Forecasts, 2022-2029
35.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029
35.2. Market Size (Value) Estimates & Forecast By End Users, 2022-2029
35.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029
36. GCC Countries Almond Butter Market Analysis and Forecasts, 2022-2029
36.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029
36.2. Market Size (Value) Estimates & Forecast By End Users, 2022-2029
36.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029
37. Egypt Almond Butter Market Analysis and Forecasts, 2022-2029
37.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029
37.2. Market Size (Value) Estimates & Forecast By End Users, 2022-2029
37.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029
38. Nigeria Almond Butter Market Analysis and Forecasts, 2022-2029
38.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029
38.2. Market Size (Value) Estimates & Forecast By End Users, 2022-2029
38.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029
39. Rest of ME&A Almond Butter Market Analysis and Forecasts, 2022-2029
39.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029
39.2. Market Size (Value) Estimates & Forecast By End Users, 2022-2029
39.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029
40. South America Almond Butter Market Analysis and Forecasts, 2022-2029
40.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029
40.2. Market Size (Value) Estimates & Forecast By End Users, 2022-2029
40.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029
41. South America Almond Butter Market Analysis and Forecasts, by Country
41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029
41.1.1. Brazil
41.1.2. Argentina
41.1.3. Rest of South America
42. Brazil Almond Butter Market Analysis and Forecasts, 2022-2029
42.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029
42.2. Market Size (Value) Estimates & Forecast By End Users, 2022-2029
42.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029
43. Argentina Almond Butter Market Analysis and Forecasts, 2022-2029
43.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029
43.2. Market Size (Value) Estimates & Forecast By End Users, 2022-2029
43.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029
44. Rest of South America Almond Butter Market Analysis and Forecasts, 2022-2029
44.1. Market Size (Value) Estimates & Forecast By Nature, 2022-2029
44.2. Market Size (Value) Estimates & Forecast By End Users, 2022-2029
44.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029
45. Competitive Landscape
45.1. Geographic Footprint of Major Players in the Global Almond Butter Market
45.2. Competition Matrix
45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment
45.2.2. New Product Launches and Product Enhancements
45.2.3. Market Consolidation
45.2.3.1. M&A by Regions, Investment and Verticals
45.2.3.2. M&A, Forward Integration and Backward
Integration
45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
45.3. Company Profile : Key Players
45.3.1. Premier Organics
45.3.1.1. Company Overview
45.3.1.2. Financial Overview
45.3.1.3. Geographic Footprint
45.3.1.4. Product Portfolio
45.3.1.5. Business Strategy
45.3.1.6. Recent Developments
45.3.2. Maranatha
45.3.3. Once Again Nut Butter
45.3.4. Cache Creek Foods
45.3.5. Justin’s
45.3.6. Sokol & Company
45.3.7. Barney Butter
45.3.8. Futter’s Nut Butters
45.3.9. Dakini Health Foods
45.3.10. The J.M. Smucker Company
45.3.11. Edennuts
45.3.12. Nuts’ n More
45.3.13. Zinke Orchards
45.3.14. Solstice Canyon
45.3.15. Prana
45.3.16. California Almonds
45.3.17. The Hain Celestial Group, Inc.
45.3.18. Meridian
45.3.19. Myprotein
45.3.20. Rapunzel Naturkost
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