New York, According to a new market research report published by Global Insight Services “Almond Butter Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Almond butter is a food paste made from ground almonds. It is a spreadable condiment similar in texture to peanut butter, but made with almonds instead of peanuts.
Almond butter can be used in the same ways as peanut butter, such as on toast, in sandwiches, or as a dip. It is also a common ingredient in vegan and paleo baking recipes.
Almond butter is a good source of healthy fats, protein, and vitamins and minerals. It is also lower in calories and fat than peanut butter.
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Key Trends
The key trends driving the market growth are the rising demand for natural and organic products, the growing health consciousness among consumers, and the increasing popularity of plant-based diets.
The rising demand for natural and organic products is a major trend driving the growth of the almond butter market. Consumers are becoming more aware of the health benefits of natural and organic products and are willing to pay premium prices for these products. This trend is especially strong in developed markets such as North America and Europe, where consumers are more health-conscious.
The growing popularity of plant-based diets is another major trend driving the growth of the almond butter market. Plant-based diets are becoming more popular among consumers who are looking for healthy and sustainable diets. Almond butter is a perfect plant-based alternative to other nut butters, as it is high in protein and healthy fats.
The increasing popularity of veganism is also driving the growth of the almond butter market. Veganism is a plant-based diet that excludes all animal products, including dairy. Almond butter is a perfect vegan alternative to other nut butters, as it is made from 100% almonds.
Key Drivers
The key drivers of the almond butter market are health benefits, growing popularity of vegan and vegetarian diets, and increasing demand for natural and organic products.
The health benefits of almond butter include its ability to lower cholesterol and blood pressure, improve blood sugar control, and aid in weight loss. These benefits are due to the high content of healthy fats, fiber, and vitamins and minerals in almond butter.
The growing popularity of vegan and vegetarian diets is another key driver of the almond butter market. These diets often exclude peanut butter due to its high content of unhealthy saturated fats. Almond butter is a good alternative for vegans and vegetarians, as it is a source of healthy fats and protein.
Market Segments
The almond butter market report is bifurcated on the basis of form, application, distribution channel, and region. On the basis of form, it is segmented into spreads, liquid, and blocks. Based on application, it is analyzed across food & beverage, HoReCa, and household/retail. By distribution channel, it is categorized into B2B and B2C. Region-wise, it is studied across North America, Europe, Asia-Pacific, and the rest of the World.
Key Player
The almond butter market report includes players such as Olam International Ltd., Treehouse Almonds, Petrow Food Group, Barry Callebaut AG, Big Tree Organic Farms, Harris Woolf Almonds, Rapunzel Naturkost, All Organic Treasures GmbH, Tapia Foods, and Napa Nuts.
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