Almond Protein Market Introduction and Overview
According to SPER Market Research, the Global Almond Protein Market is estimated to reach USD 1017.05 million by 2033 with a CAGR of 8.26%.
The report includes an in-depth analysis of the Global Almond Protein Market, including market size and trends, product mix, applications, and supplier analysis. Almond protein is a plant-based protein that comes from almonds and is well-known for its many uses and high nutritional content. Various processing techniques are used to extract it from almonds; usually, the protein content is isolated by removing the lipids and carbs.
- The newest seasonal product from Blue Diamond, Frosted Brownie Almonds, was released in October 2024 to celebrate the start of the holiday season.
- A cooperation to turn almond processing waste into renewable energy was announced in September 2024 by Divert, Inc. and Blue Diamond Growers. Blue Diamond will use Divert's cutting-edge technologies to turn low-value waste into electricity, helping California reach its 2045 net-zero carbon emissions target.
Market Opportunities and Challenges
Opportunities- Demand is being greatly increased by growing consumer knowledge of the health advantages of plant-based proteins, such as their contribution to general wellbeing and muscle growth. The growing popularity of vegetarianism and veganism is also driving market expansion as more people look for sustainable and nutrient-dense protein substitutes. Additionally, almond protein is a popular choice among manufacturers due to its versatility in a variety of applications, such as beverages, baked goods, and dietary supplements. Market expansion is further supported by the growing availability of almond protein products through retail and online channels. Sports drink protein supplement sales are rather common in North America, where demand for almond protein beverages is rising and there is strong competition among different protein drinks. Producers are introducing novel and healthful products made with almond protein and growing their companies internationally. Customers who are vegan and extremely health-conscious are praising these items. For example, the market was blown away by the introduction of Almond ProTM protein powder, which has 60% more protein and 65% less fat.
Challenges- The market for almond protein is severely hampered by high production costs. Almond protein extraction requires specific machinery and technology, which might increase production costs in comparison to other protein sources. Almond protein's pricing is impacted by this cost aspect, which may reduce its marketability.
Market Competitive Landscape
The global market for plant proteins is driven by a large number of companies. This industry currently has several active companies, including Blue Diamond Global, Noosh Brands, All Organic Treasures GmbH, Austrade, Inc. Food Ingredients, and others. The top businesses concentrate on growing their almond protein company both domestically and abroad.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Application. |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
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| Companies Covered | All Organic Treasures GmbH, Austrade, Inc. Food Ingredients, Blue Diamond Global Ingredients Division, Herblink Biotech Corporation, Noosh Brands, Sabinsa Corporation, Z-Company BV. |
COVID-19 Impact on Global Almond Protein Market
The global market for almond protein was significantly impacted by the COVID-19 pandemic, which altered consumer behavior, production, and supply chains. Almonds and goods made from almond protein were less readily available in the early phases of the pandemic due to harvesting and processing delays caused by lockdowns and travel restrictions. The pandemic's economic uncertainties also changed consumer buying habits, leading to a move toward more reasonably priced or necessary food items. However, as health-conscious consumers looked for alternatives to animal-based proteins, the demand for plant-based proteins—including almond protein—rose
Key Target Audience:
- Health-conscious Consumers
- Vegan and Plant-Based Diet Adherents
- Athletes and Fitness Enthusiasts
- Food and Beverage Manufacturers
- Nutraceutical Companies
- Dairy Alternative Product Consumers
- Vegan and Plant-Based Product Retailers
Our in-depth analysis of the Almond Protein Market includes the following segments:
| By Application: | BakeryNutritional SupplementsBeveragesConfectioneryOthers |
Key Topics Covered in the Report:
- Global Almond Protein Market Size (FY’2024-FY’2033)
- Overview of Global Almond Protein Market
- Segmentation of Global Almond Protein Market By Application (Bakery, Nutritional Supplements, Beverages, Confectionery, Others)
- Statistical Snap of Global Almond Protein Market
- Expansion Analysis of Global Almond Protein Market
- Problems and Obstacles in Global Almond Protein Market
- Competitive Landscape in the Global Almond Protein Market
- Impact of COVID-19 and Demonetization on Global Almond Protein Market
- Details on Current Investment in Global Almond Protein Market
- Competitive Analysis of Global Almond Protein Market
- Prominent Players in the Global Almond Protein Market
- SWOT Analysis of Global Almond Protein Market
- Global Almond Protein Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERs internal database
2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Almond Protein Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Almond Protein Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Almond Protein Market
7. Global Almond Protein Market, By Application (USD Million) 2020-2033
7.1. Global Almond Protein Market Size, Share and Forecast, By Application, 2020-2026
7.2. Global Almond Protein Market Size, Share and Forecast, By Application, 2027-2033
7.3. Bakery
7.4. Nutritional Supplements
7.5. Beverages
7.6. Confectionery
7.7. Others
8. Global Almond Protein Market Forecast, 2020-2033 (USD Million)
8.1. Global Almond Protein Market Size and Market Share
9. Global Almond Protein Market, By Region, 2020-2033 (USD Million)
9.1. Global Almond Protein Market Size and Market Share By Region (2020-2026)
9.2. Global Almond Protein Market Size and Market Share By Region (2027-2033)
9.3. Asia-Pacific
9.3.1. Australia
9.3.2. China
9.3.3. India
9.3.4. Japan
9.3.5. South Korea
9.3.6. Rest of Asia-Pacific
9.4. Europe
9.4.1. France
9.4.2. Germany
9.4.3. Italy
9.4.4. Spain
9.4.5. United Kingdom
9.4.6. Rest of Europe
9.5. Middle East and Africa
9.5.1. Kingdom of Saudi Arabia
9.5.2. United Arab Emirates
9.5.3. Qatar
9.5.4. South Africa
9.5.5. Egypt
9.5.6. Morocco
9.5.7. Nigeria
9.5.8. Rest of Middle-East and Africa
9.6. North America
9.6.1. Canada
9.6.2. Mexico
9.6.3. United States
9.7. Latin America
9.7.1. Argentina
9.7.2. Brazil
9.7.3. Rest of Latin America
10. Company Profile
10.1. All Organic Treasures GmbH
10.1.1. Company details
10.1.2. Financial outlook
10.1.3. Product summary
10.1.4. Recent developments
10.2. Austrade, Inc. Food Ingredients
10.2.1. Company details
10.2.2. Financial outlook
10.2.3. Product summary
10.2.4. Recent developments
10.3. Blue Diamond Global Ingredients Division
10.3.1. Company details
10.3.2. Financial outlook
10.3.3. Product summary
10.3.4. Recent developments
10.4. Herblink Biotech Corporation
10.4.1. Company details
10.4.2. Financial outlook
10.4.3. Product summary
10.4.4. Recent developments
10.5. Noosh Brands
10.5.1. Company details
10.5.2. Financial outlook
10.5.3. Product summary
10.5.4. Recent developments
10.6. Sabinsa Corporation
10.6.1. Company details
10.6.2. Financial outlook
10.6.3. Product summary
10.6.4. Recent developments
10.7. Z-Company BV
10.7.1. Company details
10.7.2. Financial outlook
10.7.3. Product summary
10.7.4. Recent developments
10.8. Others
11. Conclusion
12. List of Abbreviations
13. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
