Almond
Butter Market Introduction:
Almond
butter is a food paste, made from raw or roasted almonds. Almond
butter is a rich source of unsaturated fats which are heart friendly.
It also contains high amount of proteins, vitamins and minerals.
Along with these properties, almond butter also contains the presence
of omega-3 fatty acid that makes the almond butter a complete health
product. Almond butter is most commonly used as spreads on bread or
dips for snacks. Almond butter is also used as breakfast treat in
many recipes like granola, pancakes. Almond Butter is a hydrating,
moisturizing and natural emollient making it ideal for use in
massage, and it blends easily with essential oils and hence is
expected to increase the revenue contribution of almond butter
market.
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Almond
Butter Market Segmentation:
Based
on its applications the almond butter is used in many end user
industries which includes food industry and cosmetics industry. The
demand for almond butter in food industry is expected to grow mainly
due to its taste and nutrition. The almond butter market in cosmetics
industry is expected to grow in future in various cosmetics, due to
its excellent spreading ability and moisturizing effect.
Based
on the product forms available in the almond butter market, the
market is segmented into two main segments such as organic and
conventional. The organic segment is further sub-segmented into raw
almond butter and roasted almond butter. Raw organic almond butter is
unexposed to heat rendering its nutritional content unharmed. The
health benefits of the almond butter are thus expected to drive the
growth of this segment in the forecast period. On the other hand
roasted organic almond butter which are made by dry roasting process
is the most common almond butter, it provides a tastier option in the
same category. This segment is therefore expected to show a steady
growth in the global almond butter market. The conventional almond
butter is available as a low cost product and the demand of the same
is expected to rise steadily.
Based
on distribution channel, the global almond butter market is segmented
which includes online retail, supermarkets/hypermarkets, convenience
store and departmental stores. Among these, the online retail is
expected to gain major revenue shares over the forecast period.
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Almond
Butter Market Regional Outlook:
On
the basis of regions, the almond butter market is segmented into
following key regions; North America, Western and Eastern Europe,
Asia Pacific and The Middle East and Africa. North America grabs the
major share of global almond butter market and it is expected to grow
at a steady rate. Western Europe regional market is expected to grow
at a relatively higher growth rate over the forecast period.
Almond
butter Market Drivers and Trends:
The
high nutritional value of almond butter and other health benefits are
some of the driving factors which are expected to grow the global
almond butter market in food industry. Almond butter has high demand
in several sectors and world market. Principle factor driving the
global almond butter market is continuous rise in demand for peanut
butter substitute products due to consumer indulgence like,
availability of low cost substitutes and variety of options in
speeds. Rising market demand for natural products based cosmetics
and skin care products is becoming another market driver for almond
butter. Its hydrating, moisturizing and natural emollient making it
ideal for use in massage, it blends easily with essential oils and
hence is expected to fuel the market growth of almond butter.
Almond
Butter Market Key Players:
Almond
butter is gaining acceptance at a growing rate and some of the key
players participating in the global almond butter market which
includes; Barney Butter, Maranatha, Futter's Nut Butters, Once Again
Nut Butter, Dakini Health Foods, Edennuts, Cache Creek Foods,
Justin's, Sokol & Company, The J.M. Smucker Company, Nuts'n More,
Zinke Orchards, Premier Organics, California Almonds, Solstice
Canyon, Prana.
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