The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Almonds Global Market Report 2024, the almonds market is expected to show significant growth in the forecast period.

Market Size and Growth

• Strong Growth in Recent Years:
  • 2023 Market Size: $8.74 billion
  • 2024 Market Size: $9.26 billion
  • CAGR: 6.0%
• Forecasted Growth:
  • 2028 Market Size: $11.84 billion
  • CAGR: 6.3%

Factors Driving Growth

• Historic Period Growth Drivers:
  • Supply and demand dynamics
  • Global trade policies and tariffs
  • Crop yields and harvest trends
  • Macroeconomic factors
  • Health and nutrition trends
  • Climate change and sustainability
  • Consumer trends and preferences

View More On The Almonds Market Report 2024 – https://www.thebusinessresearchcompany.com/report/almonds-global-market-report

• Forecast Period Growth Drivers:
  • Global demand growth
  • Trade policies and market access
  • Health and wellness trends
  • Environmental sustainability
  • Market competition
  • Product innovation

Major Trends in the Forecast Period

• Expansion of Almond Plantations
• Technological Advancements in Almond Farming
• Sustainability Initiatives and Certification
• Product Innovation and Diversification
• Health and Wellness Trends
• International Trade Dynamics
• Consumer Preferences for Sustainable Packaging

E-Commerce Penetration Fuels Growth

• Convenience and Accessibility: E-commerce facilitates convenient access to a variety of almond products, catering to diverse consumer preferences.
• Market Reach: Expands market reach for almond sellers through direct-to-consumer sales.
• Sales Growth: In February 2024, US e-commerce sales reached $1,118.7 billion, a 7.6% increase from 2022, according to the United States Census Bureau.

Key Market Players

• Major Companies:
  • The Archer-Daniels-Midland Company
  • Olam Group
  • The Hershey Company
  • Blue Diamond Growers
  • California Almonds
  • Wonderful Pistachios & Almonds LLC
  • HILLTOP RANCH INC
  • Mariani Nut Company
  • ALMONDCO AUSTRALIA
  • Harris Woolf Almonds
  • Treehouse California Almonds LLC
  • ROYAL NUT COMPANY
  • Select Harvests
  • Almond Ace
  • JD ALMOND FARMS
  • Big Tree Organic Farms

Innovative Product Trends

• Chocolate-Dipped Almonds: Major companies are focusing on innovative products like chocolate-dipped almonds to gain a competitive edge.
  • Example: In June 2023, Blue Diamond Growers launched Chocolate Thin Dipped Almonds with 50% less sugar than regular chocolate-covered almonds, marketed as a guilt-free sweet snack.

Strategic Acquisitions

• RPAC LLC Acquisition:
  • In January 2023, RPAC LLC acquired Silver Creek Almonds Co. Inc. to expand its almond marketing reach, enhance product offerings, and strengthen market operations.

Market Segmentation

• By Type: Butte Almonds, Nonpareil Almond, Sweet Almond, Peerless Almond, Green Almond, Other Types
• By Distribution Channel: Online, Offline, Convenience Stores
• By Application: Almond Powder, Almond Oil, Almond Milk, Chocolates, Almond Paste, Almond Flour, Cosmetic Products
• By End User: Bakery, Pharmaceutical Companies, Dairy, Home Kitchen, Hotel or Restaurants

Regional Insights

• Largest Region in 2023: North America
• Fastest-Growing Region in the Forecast Period: Asia Pacific

Request A Sample Of The Global Almonds Market Report 2024:
https://www.thebusinessresearchcompany.com/sample_request?id=15113&type=smp

The Almonds Global Market Report 2024  provides an in-depth analysis on the almonds market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the almonds market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Fruit And Nut Farming Global Market Report 2024
Organic Fruits And Vegetables Global Market Report 2024
Organic Fruit And Nut Farming Global Market Report 2024

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