KEY BENEFITS FOR STAKEHOLDERS
The report provides an in-depth analysis of the current trends, drivers, and dynamics of the almond kernel market to elucidate the prevailing opportunities and tap the investment pockets.
It offers qualitative trends as well as quantitative analysis of the global market from 2018 to 2025 to assist stakeholders to understand the market scenario.
In-depth analysis of the key segments demonstrates the type of almond kernel used for various food products.
Competitive intelligence of the industry highlights the business practices followed by key players across geographies as well as the prevailing market opportunities.
Key market players are profiled to understand the competitive outlook of the market.
Almonds kernels are considered among the most popular tree nuts across the globe. They are the edible seeds of Prunus dulcis (almond tree) and are native to the Middle East. They contain numerous vitamins and nutrients. Owing to their nutritional components, almond kernels have a wide range of applications in multiple industries. They are used in manufacturing food and beverages such as almond milk, almond flour, almond butter, biscuits, and others. They are also used in the cosmetics and personal care industry and baking and confectionery industry to manufacture products such as almond oil, ice cream, chocolates, biscuits and others.
With the increase in shift of consumers preference toward healthier bakery products, the demand for nut flour as an alternative to wheat flour in the gluten free market is on the rise. In addition, with the vegan trend being accepted by consumers globally, the demand for almond milk is also witnessing growth. Almond milk is a non-dairy alternative for dairy milk that provides a low-fat, high-protein option for consumers. These factors help boost the growth of the almond kernels market. Consumers today are very conscious about the ingredients used to manufacture the cosmetic and personal care products. The demand for products with natural ingredients is on the rise. This creates a positive impact for almond oil and increases the market for the same owing to its anti-inflammatory, nutritional, and medicinal properties. Furthermore, a similar impact has been observed by the consumers in the developing economies who are looking for healthy and tasty snack options. Almond kernels perfectly fit these criteria and thus, are increasingly being used by manufacturers. However, the demand for almonds is very sensitive to price and quantity. A shift in either price or quantity, can affect either. High prices of almond kernels can influence the consumers to opt for substitute nuts which may hamper the market. On the contrary, innovation in the food and beverage segment can lead to new uses and applications of green almonds and this can be viewed as an opportunity for further growth of the market.
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The market is segmented based on type, application, distribution channel, and region. Based on type, it is bifurcated into shelled and inshell. Based on application, it is classified into food & beverage industry, cosmetics & personal care industry, bakery & confectionery industry, and others. Based on distribution channel, it is divided into online retail, supermarket/hypermarket, specialty stores, and departmental stores. Based on region, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
The key players in the market include Bakers Authority, WeGotNuts, Blue Diamond Growers, Sunbest Natural., Terrasoul Superfoods, Nutraj, The Wonderful Company LLC, Select Harvest USA, Harris Family Enterprises, and Mariani Nut Company.
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