Global Almond Protein Market by Application (Bakery & Confectionery, Personal Care, Beverages) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global almond protein market value was USD 332.0 million in 2018. It is expected to grow at 5.8% between 2019 and 2025. This is due to the shift in consumers' consumption from animal-based proteins to plant-based proteins. The demand will be further fueled by an increase in awareness about health and demand for gluten-free and vegan products.

Almond protein is used in smoothies and milkshakes for a significant amount of their protein needs. Almond protein is obtained by pressurization, which removes over half the fat. This makes it suitable for use in products such as protein bars and shakes that promote health and wellness. Almond protein is not as dangerous as animal fats, which have gluten, higher levels cholesterol and saturated fats, which can increase your risk of developing heart disease, Trimethylamine Noxide (TMAO), or cancer.

Almond protein is a popular ingredient in natural and organic skincare products due to its skin-nourishing properties. Hydrolysed sweet almond protein, for example, improves skin tolerance and reduces skin irritation. Market growth will be accelerated by the wide application of the product in wellness and health products.

Furthermore, the increasing use of smartphones and penetration of online commerce is decreasing the cost of setting up businesses which in turn increases market growth. Market revenue is dominated by online distribution channels, which are expected to continue their steady growth over the forecasted time.

Application Insights

Segmentation of the almond protein market can be made by application in beverages, confectionery and bakery, as well as personal care. The largest market share was held by beverages due to its increasing use in smoothies and milkshakes. People who exercise and need protein for muscle repair are the main consumers of protein. The beverages segment is expected to grow with more people wanting to exercise.

Bakery and confectionery are expected to grow at a good 5.7% CAGR between 2019-2025. This segment is growing in popularity, as protein bars and protein balls replace traditional food items and expand its market share. A majority of bakery products, such as waffles and pancakes, now use almond protein because it has many benefits over other plant- and animal-based proteins.

Distribution Channel Insights

In 2018, the online distribution channel segment accounted for more than 60% of the market. This segment has seen significant growth due to a rise in internet users, a fast-paced lifestyle and easy access to the internet. Online sales will be fueled by discounts and user reviews, according to the forecast.

With a market share 27.14% in 2018, hypermarket and supermarket are the second largest segments. This segment is expected to increase its market share due to its advantages of providing customers with real-time purchasing decisions, multiple brands to choose from and sales executives to help them select the best product.

Regional Insights

North America possessed a greater market share than 30% in 2018, and was the dominant market. With a consumption of 315 736 MT almonds in 2018, the U.S. was America's largest consumer. This region is also home to the largest almond producer, which reduces the overall product cost and eliminates import costs. The U.S. has the highest number of people who are active and fit, which further increases the demand.

Asia Pacific is expected to grow at 6.0% between 2019 and 2025, according to forecasts. The main reasons for the region's growth are increasing demand for organic, protein-rich cosmetics and rising demand for almond protein powder from countries like Japan and China.

Market Share Insights & Key Companies

Leading players like InovoBiologic Inc., Celtic Sea Minerals; Marigot Ltd., Maxicrop USA; BioFlora LLC; Alesco S.r.l. dominate the market. HMHS Solutions Limited; Sar Agrochemicals & Fertilizers Pvt. Ltd, among others.

Almond Protein Market Report Scope

The Report Covers Certain Segments

This report predicts revenue growth at the global, regional and country level and offers an analysis of industry trends for each sub-segment from 2015 to 2025. Up Market Research has divided the global almond protein market report by application, distribution channel and region.

• Application Outlook (Revenue USD Million, 2015-2025)

  • Beverages

  • Confectionery & Bakery

  • Personal Care

• Distribution Channel Outlook (Revenue USD Million, 2015-2025)

  • Online

  • Hypermarket and Supermarket

  • Convenience Store

• Regional Outlook (Revenue USD Million, 2015-2025)

  • North America

    • The U.S.

  • Europe

    • Germany

    • The U.K.

  • Asia Pacific

    • India

    • China

  • Central & South America

  • Middle East & Africa

These are the most frequently asked questions about this report

b. Global almond protein market was valued at USD 350.4 Million in 2019, and is forecast to grow to USD 370.1 Million in 2020.

b. The global almond protein market will grow at a compound annual rate of 5.8% between 2019 and 2025, reaching USD 491.2 million in 2025

b. With a market share of 28.9%, North America was the dominant country in almond protein sales in 2019, This can be attributed to an increasing demand for natural and organic skincare products, which has led to an increase in almond protein demand. Almond protein is known for its skin-enhancing benefits and moisture receptivity.

b. InovoBiologic Inc., Celtic Sea Minerals, Marigot Ltd., Maxicrop USA, BioFlora LLC and Alesco S.r.l. are some of the key players in the almond protein market. HMHS Solutions Limited, Sar Agrochemicals & Fertilizers Pvt. Ltd.

b. The market growth is driven by the shift in consumers' consumption from animal-based protein to plant-based protein.

Up Market Research published a new report titled “Almond Protein Market research report which is segmented by Application (Bakery & Confectionery, Personal Care, Beverages), By Players/Companies InovoBiologic Inc; Celtic Sea Minerals; Marigot Ltd; Maxicrop USA; BioFlora, LLC; Alesco Srl; Humates And Seaweeds Pvt Ltd; HMHS Solutions Limited; and Sar Agrochemicals & Fertilizers Pvt Ltd”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Almond Protein Market Report Segments:

The market is segmented by Application (Bakery & Confectionery, Personal Care, Beverages).

Almond Protein Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Almond Protein Market

Overview of the regional outlook of the Almond Protein Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Almond Protein Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Almond Protein Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Bakery & Confectionery

                2. Personal Care

                3. Beverages

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Almond Protein Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
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Reasons to Purchase the Almond Protein Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.