Badam Snack Market By Product Type (Roasted, Spicy, Salted, Others) , By Distribution Channel (Supermarkets/hypermarkets, Franchised Stores, Online Stores, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033
The badaam (almond with shell) snack market was valued at $3.3 billion in 2023, and is projected to reach $5.2 billion by 2033, growing at a CAGR of 4.7% from 2024 to 2033.
Almond snacks have become increasingly popular in recent years due to their nutritional benefits. Almonds serve as a rich source of protein, healthy fats, vitamins, and minerals, thus making them an ideal choice for health-conscious consumers looking for a nutritious and indulgent snacking option. These nuts are available in various varieties to cater to diverse consumer preferences and dietary needs such as raw & roasted almonds, flavored almonds, and almond bars, and almond butter.
The growth of the global market is majorly driven by surge in demand for increase in consumer awareness of healthy snacking and surge in demand for convenient & portable snack options. Almonds are a key ingredient that can help broaden dietary options in snack products. Consumers are increasingly focusing on health, leading to a growing demand for snacks that offer nutritional benefits without compromising on taste. For instance, according to a study published in 2015 in PubMed—a free full-text archive of MEDLINE database of references and abstracts on life sciences and biomedical literature—states that consuming almonds increase vitamin E levels in the plasma and red blood cells as well as lowers overall cholesterol levels. Furthermore, with rising demand for functional foods, manufacturers are fortifying almond snacks with additional functional ingredients such as probiotics, protein, and superfoods, including chia seeds and turmeric to appeal to health-conscious consumers looking for added benefits. However, shifting almond prices brought on by unpredictable agricultural output and the effects of climate change hamper the market growth. On the contrary, rise in trend of plant-based and vegan diets has boosted the popularity of almond snacks. This is attributed to the fact that almonds are plant-based and cater to these dietary preferences. Moreover, the market is witnessing continuous innovation, with new almond-based products being introduced regularly such as almond flour snacks, protein bars, and dairy-free almond milk beverages. All these factors collectively offer remunerative opportunities for the expansion of the global market during the forecast period.
The badaam (almond with shell) snack market is segmented into product type, distribution channel, and region. On the basis of product type, the market is divided into roasted, spicy, salted, and others. Depending on distribution channel, it is segregated into supermarkets/hypermarkets, franchised stores, online stores, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key FindingsBy product type, the salted almond segment is expected to dominate the market by 2033.
On the basis of distribution channel, the supermarkets/hypermarkets segment is anticipated to gain high prominence in the coming years.
Region wise, Asia-Pacific is projected to lead the market in the coming future.
Competition AnalysisCompetitive analysis and profiles of the major players in the global badaam (almond with shell) snack market include Liang Pin Pu Zi, Bai Cao Wei, Lai Yi Fen, Life Fun, Shan Wei Ge, Yan Jin Pu Zi, Three Squirrels, Food Studio, Qia Qia, Orchardpeasani, and Miss Yao. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the global market.
Key Market SegmentsBy Product TypeRoasted
Spicy
Salted
Others
By Distribution ChannelSupermarkets/hypermarkets
Franchised Stores
Online Stores
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Thailand
Malaysia
Indonesia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
UAE
Argentina
Rest of LAMEA
Key Market Players
Liang Pin Pu Zi
Bai Cao Wei
Lai Yi Fen
Life Fun
Shan Wei Ge
Yan Jin Pu Zi
Three Squirrels
Food Studio
Qia Qia
Orchardpeasani
Miss Yao