Almond Butter Market Size, Share, Sales, Analysis, Forecast, Industry Competition & Player Profiles 2023-2032

Report code : IS625, Status : Published, Published on: Mar, 2021, Pages : 0 Pages, Format : PDF/PPT/Excel

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Description

Almond butter is a food item that is basically an almond paste, made from raw or roasted almonds. It could be crunchy or smooth in texture, and is generally classified as "stir" (susceptible to oil separation) or "no-stir" (emulsified). Almond butter may either be raw or roasted, which is the basically the name given to the state of the almonds prior to grinding. It is recommended that almond butter be refrigerated once opened, to prevent spoilage and separation of the oils inside.

Almond butter is a rich source of unsaturated fats most of which are heart friendly. It also contains high amounts of proteins, vitamins and minerals. Along with these properties, almond butter also contains omega-3 fatty acids which make almond butter a well rounded, healthy product to consume.

Almond butter is most commonly used as a spread on bread or as a dip for a variety of different snacks. Almond butter is also used as an ingredient in breakfast treats like granola, pancakes. Almond Butter is a natural emollient, with properties of hydration and moisturisation, making it ideal for usage in relaxing and rejuvenating massages, where it blends perfectly with the essential oils used, and is hence expected to increase the revenue contribution of almond butter market.

Almond Butter Market Drivers and Trends

The high nutritional value of almond butter and a plethora of other health benefits associated with its usage and consumption in different forms, are some of the driving factors which are expected to help boost the global almond butter market. Almond butter has found widespread demand in several sectors in the global market.

The primary driving factor of the global almond butter market is the constant rise in demand for substitute products for the peanut butter, due to consumer indulgence, availability of low cost substitutes and variety of healthier options. The surge in the demand for natural care products, including cosmetics and skin care products, is becoming another market driver for almond butter.

Almond Butter Market Segmentation:

Based on the product type segment, Hazelnut Spreads is the leading market, and is also the fastest growing market segment. Hazelnut finds usage in different types and flavours of chocolate and other nut based products. Consumers seeking healthier options of spreads are helping in boosting the hazelnut market.

Almond butter finds usage in many end user industries which includes industries such as food and cosmetics. Based on the application segment, the highest demand for almond butter comes from the food industry, which is expected to grow even further, owing mainly to its taste and nutritional value. The almond butter market in the cosmetics industry is projected to grow rapidly, in the forecast period, owing to its excellent spreadability and moisturizing effect.

Based on the segment of distribution channel, the global almond butter market is segmented into online retail, supermarkets/hypermarkets, convenience store and departmental stores. Amongst these, the online retail market holds the largest market share, and is expected to gain more revenue shares over the forecast period. Based on the regional segments, North America holds the majority share of the Almond Butter Market, and is projected to grow at a steady rate. The markets in the region of Western Europe are anticipated to grow at a relatively high rate, during the forecast period.

The key manufacturers in this market include Justin's, Barney Butter, Maranatha, Futter's Nut Butters, Once Again Nut Butter, EdenNuts Inc., Cache Creek Foods, Zinke Orchards, The J.M. Smucker Company, Nuts'N More.

The Almond Butter Market is segmented as follows:

By Product

By Application

Food Industry
Cosmetics Industry
Others

By Distribution Channel

Hypermarket
Supermarket
Online Stores
Convenience Store
Departmental Stores

By Region

North America
- United States
- Canada
- Rest of North America
Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
Asia Pacific
- Japan
- India
- China
- Australia
- South Korea
- Rest of Asia Pacific
Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
South America
- Brazil
- Rest of South America

Table Of Content

Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
Market Synopsis: Global Almond Butter Market
Global Almond Butter Market Qualitative Analysis
- Trends
  - Market trends
  - Technology Trends
- PESTEL Analysis (For 3 prominent countries)
- Market Influencers
  - Driving Forces
  - Hindering Forces
  - Opportunities

Global Almond Butter Market Analysis and Forecast, by Type
- Overview and definitions
- Key segment analysis
- Global Almond Butter Market Estimates (US$ Mn), by Type, 2019 – 2032
  - Raw Almond Butter
  - Roasted Almond Butter

Global Almond Butter Market Analysis and Forecast, by Nature
- Overview and definitions
- Key segment analysis
- Global Almond Butter Market Estimates (US$ Mn), by Nature, 2019 – 2032
  - Organic Almond Butter
  - Conventional Almond Butter

Global Almond Butter Market Analysis and Forecast, by Form
- Overview and definitions
- Key segment analysis
- Global Almond Butter Market Estimates (US$ Mn), by Form, 2019 – 2032
  - Spreads
  - Liquid
  - Blocks

Global Almond Butter Market Analysis and Forecast, by Application
- Overview and definitions
- Key segment analysis
- Global Almond Butter Market Estimates (US$ Mn), by Application, 2019 – 2032
  - Food Industry
  - Cosmetics Industry
  - Others

Global Almond Butter Market Analysis and Forecast, by Distribution Channel
- Overview and definitions
- Key segment analysis
- Global Almond Butter Market Estimates (US$ Mn), by Distribution Channel, 2019 – 2032
  - B2B
  - B2C
    - Modern Trade
    - General Trade
    - Specialty Stores
    - Online Retail
    - Other Retail Formats

Global Almond Butter Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Almond Butter Market Estimates (US$ Mn), by Region, 2019 – 2032
  - North America
  - Europe
  - Asia Pacific
  - Middle East & Africa
  - South America

North America Almond Butter Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Almond Butter Market Estimates (US$ Mn), by Type, 2019 – 2032
  - Raw Almond Butter
  - Roasted Almond Butter
- North America Almond Butter Market Estimates (US$ Mn), by Nature, 2019 – 2032
  - Organic Almond Butter
  - Conventional Almond Butter
- North America Almond Butter Market Estimates (US$ Mn), by Form, 2019 – 2032
  - Spreads
  - Liquid
  - Blocks
- North America Almond Butter Market Estimates (US$ Mn), by Application, 2019 – 2032
  - Food Industry
  - Cosmetics Industry
  - Others
- North America Almond Butter Market Estimates (US$ Mn), by Distribution Channel, 2019 – 2032
  - B2B
  - B2C
    - Modern Trade
    - General Trade
    - Specialty Stores
    - Online Retail
    - Other Retail Formats
  - North America Almond Butter Market Estimates (US$ Mn), Country, 2019 – 2032
    - United States
    - Canada
    - Rest of North America

Europe Almond Butter Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Almond Butter Market Estimates (US$ Mn), by Type, 2019 – 2032
  - Raw Almond Butter
  - Roasted Almond Butter
- Europe Almond Butter Market Estimates (US$ Mn), by Nature, 2019 – 2032
  - Organic Almond Butter
  - Conventional Almond Butter
- Europe Almond Butter Market Estimates (US$ Mn), by Form, 2019 – 2032
  - Spreads
  - Liquid
  - Blocks
- Europe Almond Butter Market Estimates (US$ Mn), by Application, 2019 – 2032
  - Food Industry
  - Cosmetics Industry
  - Others
- Europe Almond Butter Market Estimates (US$ Mn), by Distribution Channel, 2019 – 2032
  - B2B
  - B2C
    - Modern Trade
    - General Trade
    - Specialty Stores
    - Online Retail
    - Other Retail Formats
  - Europe Almond Butter Market Estimates (US$ Mn), Country, 2019 – 2032
    - Germany
    - United Kingdom
    - Italy
    - France
    - Spain
    - Rest of Europe

Asia Pacific Almond Butter Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Almond Butter Market Estimates (US$ Mn), by Type, 2019 – 2032
  - Raw Almond Butter
  - Roasted Almond Butter
- Asia Pacific Almond Butter Market Estimates (US$ Mn), by Nature, 2019 – 2032
  - Organic Almond Butter
  - Conventional Almond Butter
- Asia Pacific Almond Butter Market Estimates (US$ Mn), by Form, 2019 – 2032
  - Spreads
  - Liquid
  - Blocks
- Asia Pacific Almond Butter Market Estimates (US$ Mn), by Application, 2019 – 2032
  - Food Industry
  - Cosmetics Industry
  - Others
- Asia Pacific Almond Butter Market Estimates (US$ Mn), by Distribution Channel, 2019 – 2032
  - B2B
  - B2C
    - Modern Trade
    - General Trade
    - Specialty Stores
    - Online Retail
    - Other Retail Formats
  - Asia Pacific Almond Butter Market Estimates (US$ Mn), Country, 2019 – 2032
    - Japan
    - India
    - China
    - South Korea
    - Australia
    - Rest of Asia Pacific

Middle East & Africa Almond Butter Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Almond Butter Market Estimates (US$ Mn), by Type, 2019 – 2032
  - Raw Almond Butter
  - Roasted Almond Butter
- Middle East & Africa Almond Butter Market Estimates (US$ Mn), by Nature, 2019 – 2032
  - Organic Almond Butter
  - Conventional Almond Butter
- Middle East & Africa Almond Butter Market Estimates (US$ Mn), by Form, 2019 – 2032
  - Spreads
  - Liquid
  - Blocks
- Middle East & Africa Almond Butter Market Estimates (US$ Mn), by Application, 2019 – 2032
  - Food Industry
  - Cosmetics Industry
  - Others
- Middle East & Africa Almond Butter Market Estimates (US$ Mn), by Distribution Channel, 2019 – 2032
  - B2B
  - B2C
    - Modern Trade
    - General Trade
    - Specialty Stores
    - Online Retail
    - Other Retail Formats
  - Middle East & Africa Almond Butter Market Estimates (US$ Mn), Country, 2019 – 2032
    - Saudi Arabia
    - UAE
    - South Africa
    - Rest of Middle East

South America Almond Butter Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Almond Butter Market Estimates (US$ Mn), by Type, 2019 – 2032
  - Raw Almond Butter
  - Roasted Almond Butter
- South America Almond Butter Market Estimates (US$ Mn), by Nature, 2019 – 2032
  - Organic Almond Butter
  - Conventional Almond Butter
- South America Almond Butter Market Estimates (US$ Mn), by Form, 2019 – 2032
  - Spreads
  - Liquid
  - Blocks
- South America Almond Butter Market Estimates (US$ Mn), by Application, 2019 – 2032
  - Food Industry
  - Cosmetics Industry
  - Others
- South America Almond Butter Market Estimates (US$ Mn), by Distribution Channel, 2019 – 2032
  - B2B
  - B2C
    - Modern Trade
    - General Trade
    - Specialty Stores
    - Online Retail
    - Other Retail Formats
  - South America Almond Butter Market Estimates (US$ Mn), Country, 2019 – 2032
    - Brazil
    - Rest of South America

Competition Analysis – Almond Butter Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
  - Justin's
    - Business overview
    - Geographic presence
    - Product portfolio
    - Financial facts
    - Relevant news and strategic view
  - Barney Butter
  - Maranatha
  - Futter's Nut Butters
  - EdenNuts Inc.
  - Cache Creek Foods
  - Zinke Orchards
  - The J.M. Smucker Company
  - Nuts'N More
  - Once Again Nut Butter
  - Olam International Ltd.
  - Barry Callebaut AG
  - Tapia Foods
  - Napa Nuts
  - Caro Nut Company
  - Royal Nut Company

Conclusion & Recommendations

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Frequently asked questions about this report

What is the base year considered in the almond butter market report?

The base year considered in almond butter market report is 2021.

What are the major driving factors and opportunities in the almond butter market?

How is the regional performance of the market?

North America holds the majority share of the Almond Butter Market, and is projected to grow at a steady rate. The markets in the region of Western Europe are anticipated to grow at a relatively high rate, during the forecast period.

Which prime almond butter players are profiled in this analysis?

Key almond butter market players are Justin's, Barney Butter, Maranatha, Futter's Nut Butters, Once Again Nut Butter, EdenNuts Inc., Cache Creek Foods, Zinke Orchards, The J.M. Smucker Company, Nuts'N More.