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Almonds Industry Report: Analysis and Forecast 2022-2027

Almonds Industry Report: Analysis and Forecast 2022-2027

Regional Category Spend, Price Analysis, Key Demand and Price Indicators, and Best Buying Practices by Almonds industry report

The Almonds industry was valued to be worth USD 90.75 in 2021. In the projection period of 2022-2027, the industry is expected to grow at a CAGR of around 2.2 percent, achieving a value of around 103.41 by 2027.

The almonds report broadly studies the industry, together with important segments, movements, drivers, constraints, the competitive landscape, and other critical market features. Almonds include a variety of nutrients that can benefit users. Due to its high nutritional content, it is used in several food applications, which is supporting the industry’s growth. North America is the biggest category spender by region which is impelling the demand for the almonds industry.

Almonds: Industry Definition and Segmentation

Scope

The almond tree (Prunus amygdalus, also known as Prunus dulcis) is native to Iran and neighbouring countries, and its seed is delicious and widely farmed. The almond fruit is a drupe with an outer hull and a hard shell that covers the seed and is not a natural nut. It is used in a range of meals, including pastries, bread, and other baked items, along with savoury cuisines all over the world.

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The Corn industry report comprises segments:

  • By type – Shelled and Inshell
  • By application – Direct edible, food processing, and kitchen ingredients
  • By region – North America, Asia Pacific, Europe, the middle east, Africa, and South America

Snapshot of the Report

The regional markets for the industry can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

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Category Drivers

As the number of people suffering from chronic diseases such as lactose intolerance rises, so does the desire for additional options. As a result, almond milk gives a lactose-free option for lactose sensitivity while still offering nutritional benefits. Furthermore, the growing vegan population is increasing the market’s potential. Furthermore, increased buying power on luxury items, expanding urbanisation, and changing lifestyles have all fueled the demand for almond-based food and beverage. In addition, the customer preference for natural food items that are free of additives and contain clean-label ingredients is offering growth potential for market competitors.

Category Insight by Region

According to the Food and Agriculture Organization (FAO), the United States is the biggest almond grower, followed by Spain, Iran, and Australia (FAO). According to the International Trade Centre, almost 70% of almonds are shipped shelled (ITC). Because of the numerous health benefits that almonds provide, the market for the nut is booming. The demand for meals with high nutritional content is increasing as people grow more health-conscious. As a result, the business is growing. Furthermore, as snacking becomes more common and consumers’ preferences for healthy ready-to-eat foods grow, so does the demand for nutritional snacks like almonds.

The market’s growth is being aided by the launch of newer goods by manufacturers, which include almonds as a key ingredient. Other reasons, such as changing consumer habits, the ageing population, rapid urbanisation, and high disposable income, also contribute to the market’s growth.

Best Procurement Practices

The global Almonds industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by the major customers of Almond products across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.

Category Management Studies

Almonds begin their trip in the receiving pit, where they have conveyed up a screw or spiral conveyor to screens to be cleaned of dirt, twigs, and leaves. The almonds are separated by screens and then processed through technology that removes stones and branches. The almonds are then dried and preserved after that. The almonds are pulled from storage and fed through a hulling cylinder or shear roll via a conveyor. After the shells have been split and removed, the almonds are run through screens again to separate the aspirated shells from the almond flesh.

The process is restarted by returning the almonds to their shells. Almonds can then be packed or sent to another location for further processing, such as roasting, chopping, salting, or otherwise altering the final product.

Key Supplier Profiles included in the Almonds Industry Report

The key market players are Pistachios & Almonds LLC, South Valley Farms, Almond Ace, Agriland Farming Company Inc, Olam International, Harris Family Enterprises., Western Nut Company., BAPU Almonds, Chico Nut Company, Chico Nut Company, and TREEHOUSE ALMONDS.

The report covers capacity additions, plant shutdowns, investments/divestments, mergers and acquisitions, and other latest developments of the suppliernutms.

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Procurement Resource

Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts.