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Global Almond Protein Market Size, Share & Trends Analysis Report By Type (Conventional, and Organic), By End Use, By Regional Outlook and Forecast, 2024 - 2031

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from $3,600 279 Pages Knowledge Based Value (KBV) Research November, 2024 KBV19363221
Best Price Guarantee
Price from $3,600
Length 279 Pages
Publisher Knowledge Based Value (KBV) Research
Published Date November, 2024
SKU KBV19363221

Global Almond Protein Market Size, Share & Trends Analysis Report By Type (Conventional, and Organic), By End Use, By Regional Outlook and Forecast, 2024 - 2031


The Global Almond Protein Market size is expected to reach $9.4 billion by 2031, rising at a market growth of 14.1% CAGR during the forecast period. In the year 2023, the market attained a volume of 70,140.1 Tonnes experiencing a growth of 14.5% (2020-2023).

The North America region witnessed 39% revenue share in this market in 2023. This is largely due to the growing consumer preference for plant-based proteins, driven by increasing health consciousness and the rising popularity of vegetarian and vegan diets. The United States, in particular, has a strong demand for these protein products, which are perceived as healthy and sustainable alternatives to animal-based proteins. Thus, this region consumed a volume of 26,374.1 Tonnes in 2023.

The global trend toward plant-based diets has been accelerating, driven by various factors, including health consciousness, ethical concerns, and environmental sustainability. Consumers are moving away from animal-based products and looking for alternatives that provide similar nutritional benefits without the negative environmental impact. This protein is well-positioned in this market, as it offers a high-quality protein source and other benefits such as fiber and vitamins. Hence, increasing consumer demand for plant-based protein sources propels the market's growth.

Additionally, As health consciousness rises globally, consumers are increasingly focused on the nutritional quality of their food. People are seeking out products that not only provide essential nutrients but also support a healthier lifestyle. This protein, rich in amino acid profile, vitamins, and minerals, fits well into this growing demand for nutrient-dense foods. It is considered a healthier alternative to more conventional protein sources due to its plant-based nature and positive effects on heart health, weight management, and overall wellness. In conclusion, rising health consciousness and demand for nutrient-dense products propel the market's growth.

However, This protein’s availability is closely tied to the almond crop, vulnerable to environmental factors such as drought and climate change. Almond farming is highly water-intensive, and regions that rely on almonds as a primary crop may face challenges related to water scarcity. This dependency on almond crop yields can result in fluctuations in supply, causing potential shortages in this protein production. Therefore, limited raw material availability and dependency on almond crop yield hinder the market's growth.

Type Outlook

Based on type, the almond protein market is divided into conventional and organic. The organic segment held 34% revenue share in this market in 2023. Organic almond protein is increasingly sought after by health-conscious consumers, particularly those who prioritize products free from synthetic pesticides, fertilizers, and other chemicals. Consumer awareness of health and sustainability and trends favouring clean-label and ethical sourcing practices influence this demand for organic ingredients. In terms of volume, the segment would register 70,140.1 Tonnes in 2023.

End Use Outlook

On the basis of end use, the almond protein market is segmented into B2B and B2C. In 2023, the B2C segment attained 27% revenue share in this market. This segment’s growth can be attributed to the increasing consumer demand for plant-based protein alternatives, particularly as more individuals adopt vegetarian, vegan, and health-conscious lifestyles. Global B2C e-commerce revenue is expected to grow to USD$5.5 trillion by 2027. As awareness of the health benefits of this protein rises, more consumers are seeking direct access to products like protein powders, snack bars, and other food items fortified with this protein.

Regional Outlook

Region-wise, the almond protein market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the Asia Pacific region generated 25% revenue share in this market. The growth in this region can be attributed to the rising awareness of the health benefits associated with plant-based proteins, such as improved heart health and weight management. Countries like China, India, and Japan are witnessing increased adoption of these protein products, driven by a shift towards healthier dietary choices and the influence of global health trends.

List of Key Companies Profiled
  • Blue Diamond Growers
  • Archer Daniels Midland Company
  • Nut Butter Concepts LLC
  • Sabinsa Corporation (Sami-Sabinsa Group Ltd.)
  • BASF SE
  • Nestle S.A. (Orgain Inc.)
  • Mars, Inc.
  • The Hershey Company
Global Almond Protein Market Report Segmentation

By Type (Volume, Tonnes, USD Billion, 2020-2031)
  • Conventional
  • Organic
By End Use (Volume, Tonnes, USD Billion, 2020-2031)
  • B2B
  • Food & Beverages
  • Cosmetics & Personal Care
  • Supplements
  • B2C
By Geography (Volume, Tonnes, USD Billion, 2020-2031)
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Almond Protein Market, by Type
1.4.2 Global Almond Protein Market, by End Use
1.4.3 Global Almond Protein Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Global Almond Protein Market by Type
4.1 Global Conventional Market by Region
4.2 Global Organic Market by Region
Chapter 5. Global Almond Protein Market by End Use
5.1 Global B2B Market by Region
5.2 Global Almond Protein Market by B2B Type
5.2.1 Global Food & Beverages Market by Region
5.2.2 Global Cosmetics & Personal Care Market by Region
5.2.3 Global Supplements Market by Region
5.3 Global B2C Market by Region
Chapter 6. Global Almond Protein Market by Region
6.1 North America Almond Protein Market
6.1.1 North America Almond Protein Market by Type
6.1.1.1 North America Conventional Market by Region
6.1.1.2 North America Organic Market by Region
6.1.2 North America Almond Protein Market by End Use
6.1.2.1 North America B2B Market by Country
6.1.2.2 North America Almond Protein Market by B2B Type
6.1.2.2.1 North America Food & Beverages Market by Country
6.1.2.2.2 North America Cosmetics & Personal Care Market by Country
6.1.2.2.3 North America Supplements Market by Country
6.1.2.3 North America B2C Market by Country
6.1.3 North America Almond Protein Market by Country
6.1.3.1 US Almond Protein Market
6.1.3.1.1 US Almond Protein Market by Type
6.1.3.1.2 US Almond Protein Market by End Use
6.1.3.1.2.1 US Almond Protein Market by B2B Type
6.1.3.2 Canada Almond Protein Market
6.1.3.2.1 Canada Almond Protein Market by Type
6.1.3.2.2 Canada Almond Protein Market by End Use
6.1.3.2.2.1 Canada Almond Protein Market by B2B Type
6.1.3.3 Mexico Almond Protein Market
6.1.3.3.1 Mexico Almond Protein Market by Type
6.1.3.3.2 Mexico Almond Protein Market by End Use
6.1.3.3.2.1 Mexico Almond Protein Market by B2B Type
6.1.3.4 Rest of North America Almond Protein Market
6.1.3.4.1 Rest of North America Almond Protein Market by Type
6.1.3.4.2 Rest of North America Almond Protein Market by End Use
6.1.3.4.2.1 Rest of North America Almond Protein Market by B2B Type
6.2 Europe Almond Protein Market
6.2.1 Europe Almond Protein Market by Type
6.2.1.1 Europe Conventional Market by Country
6.2.1.2 Europe Organic Market by Country
6.2.2 Europe Almond Protein Market by End Use
6.2.2.1 Europe B2B Market by Country
6.2.2.2 Europe Almond Protein Market by B2B Type
6.2.2.2.1 Europe Food & Beverages Market by Country
6.2.2.2.2 Europe Cosmetics & Personal Care Market by Country
6.2.2.2.3 Europe Supplements Market by Country
6.2.2.3 Europe B2C Market by Country
6.2.3 Europe Almond Protein Market by Country
6.2.3.1 Germany Almond Protein Market
6.2.3.1.1 Germany Almond Protein Market by Type
6.2.3.1.2 Germany Almond Protein Market by End Use
6.2.3.1.2.1 Germany Almond Protein Market by B2B Type
6.2.3.2 UK Almond Protein Market
6.2.3.2.1 UK Almond Protein Market by Type
6.2.3.2.2 UK Almond Protein Market by End Use
6.2.3.2.2.1 UK Almond Protein Market by B2B Type
6.2.3.3 France Almond Protein Market
6.2.3.3.1 France Almond Protein Market by Type
6.2.3.3.2 France Almond Protein Market by End Use
6.2.3.3.2.1 France Almond Protein Market by B2B Type
6.2.3.4 Russia Almond Protein Market
6.2.3.4.1 Russia Almond Protein Market by Type
6.2.3.4.2 Russia Almond Protein Market by End Use
6.2.3.4.2.1 Russia Almond Protein Market by B2B Type
6.2.3.5 Spain Almond Protein Market
6.2.3.5.1 Spain Almond Protein Market by Type
6.2.3.5.2 Spain Almond Protein Market by End Use
6.2.3.5.2.1 Spain Almond Protein Market by B2B Type
6.2.3.6 Italy Almond Protein Market
6.2.3.6.1 Italy Almond Protein Market by Type
6.2.3.6.2 Italy Almond Protein Market by End Use
6.2.3.6.2.1 Italy Almond Protein Market by B2B Type
6.2.3.7 Rest of Europe Almond Protein Market
6.2.3.7.1 Rest of Europe Almond Protein Market by Type
6.2.3.7.2 Rest of Europe Almond Protein Market by End Use
6.2.3.7.2.1 Rest of Europe Almond Protein Market by B2B Type
6.3 Asia Pacific Almond Protein Market
6.3.1 Asia Pacific Almond Protein Market by Type
6.3.1.1 Asia Pacific Conventional Market by Country
6.3.1.2 Asia Pacific Organic Market by Country
6.3.2 Asia Pacific Almond Protein Market by End Use
6.3.2.1 Asia Pacific B2B Market by Country
6.3.2.2 Asia Pacific Almond Protein Market by B2B Type
6.3.2.2.1 Asia Pacific Food & Beverages Market by Country
6.3.2.2.2 Asia Pacific Cosmetics & Personal Care Market by Country
6.3.2.2.3 Asia Pacific Supplements Market by Country
6.3.2.3 Asia Pacific B2C Market by Country
6.3.3 Asia Pacific Almond Protein Market by Country
6.3.3.1 China Almond Protein Market
6.3.3.1.1 China Almond Protein Market by Type
6.3.3.1.2 China Almond Protein Market by End Use
6.3.3.1.2.1 China Almond Protein Market by B2B Type
6.3.3.2 Japan Almond Protein Market
6.3.3.2.1 Japan Almond Protein Market by Type
6.3.3.2.2 Japan Almond Protein Market by End Use
6.3.3.2.2.1 Japan Almond Protein Market by B2B Type
6.3.3.3 India Almond Protein Market
6.3.3.3.1 India Almond Protein Market by Type
6.3.3.3.2 India Almond Protein Market by End Use
6.3.3.3.2.1 India Almond Protein Market by B2B Type
6.3.3.4 South Korea Almond Protein Market
6.3.3.4.1 South Korea Almond Protein Market by Type
6.3.3.4.2 South Korea Almond Protein Market by End Use
6.3.3.4.2.1 South Korea Almond Protein Market by B2B Type
6.3.3.5 Australia Almond Protein Market
6.3.3.5.1 Australia Almond Protein Market by Type
6.3.3.5.2 Australia Almond Protein Market by End Use
6.3.3.5.2.1 Australia Almond Protein Market by B2B Type
6.3.3.6 Malaysia Almond Protein Market
6.3.3.6.1 Malaysia Almond Protein Market by Type
6.3.3.6.2 Malaysia Almond Protein Market by End Use
6.3.3.6.2.1 Malaysia Almond Protein Market by B2B Type
6.3.3.7 Rest of Asia Pacific Almond Protein Market
6.3.3.7.1 Rest of Asia Pacific Almond Protein Market by Type
6.3.3.7.2 Rest of Asia Pacific Almond Protein Market by End Use
6.3.3.7.2.1 Rest of Asia Pacific Almond Protein Market by B2B Type
6.4 LAMEA Almond Protein Market
6.4.1 LAMEA Almond Protein Market by Type
6.4.1.1 LAMEA Conventional Market by Country
6.4.1.2 LAMEA Organic Market by Country
6.4.2 LAMEA Almond Protein Market by End Use
6.4.2.1 LAMEA B2B Market by Country
6.4.2.2 LAMEA Almond Protein Market by B2B Type
6.4.2.2.1 LAMEA Food & Beverages Market by Country
6.4.2.2.2 LAMEA Cosmetics & Personal Care Market by Country
6.4.2.2.3 LAMEA Supplements Market by Country
6.4.2.3 LAMEA B2C Market by Country
6.4.3 LAMEA Almond Protein Market by Country
6.4.3.1 Brazil Almond Protein Market
6.4.3.1.1 Brazil Almond Protein Market by Type
6.4.3.1.2 Brazil Almond Protein Market by End Use
6.4.3.1.2.1 Brazil Almond Protein Market by B2B Type
6.4.3.2 Argentina Almond Protein Market
6.4.3.2.1 Argentina Almond Protein Market by Type
6.4.3.2.2 Argentina Almond Protein Market by End Use
6.4.3.2.2.1 Argentina Almond Protein Market by B2B Type
6.4.3.3 UAE Almond Protein Market
6.4.3.3.1 UAE Almond Protein Market by Type
6.4.3.3.2 UAE Almond Protein Market by End Use
6.4.3.3.2.1 UAE Almond Protein Market by B2B Type
6.4.3.4 Saudi Arabia Almond Protein Market
6.4.3.4.1 Saudi Arabia Almond Protein Market by Type
6.4.3.4.2 Saudi Arabia Almond Protein Market by End Use
6.4.3.4.2.1 Saudi Arabia Almond Protein Market by B2B Type
6.4.3.5 South Africa Almond Protein Market
6.4.3.5.1 South Africa Almond Protein Market by Type
6.4.3.5.2 South Africa Almond Protein Market by End Use
6.4.3.5.2.1 South Africa Almond Protein Market by B2B Type
6.4.3.6 Nigeria Almond Protein Market
6.4.3.6.1 Nigeria Almond Protein Market by Type
6.4.3.6.2 Nigeria Almond Protein Market by End Use
6.4.3.6.2.1 Nigeria Almond Protein Market by B2B Type
6.4.3.7 Rest of LAMEA Almond Protein Market
6.4.3.7.1 Rest of LAMEA Almond Protein Market by Type
6.4.3.7.2 Rest of LAMEA Almond Protein Market by End Use
6.4.3.7.2.1 Rest of LAMEA Almond Protein Market by B2B Type
Chapter 7. Company Profiles
7.1 Blue Diamond Growers, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 SWOT Analysis
7.2 Archer Daniels Midland Company
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 SWOT Analysis
7.3 Nut Butter Concepts LLC
7.3.1 Company Overview
7.4 Sabinsa Corporation (Sami-Sabinsa Group Ltd.)
7.4.1 Company Overview
7.4.2 SWOT Analysis
7.5 BASF SE
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 SWOT Analysis
7.6 Nestle S.A. (Orgain Inc.)
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expenses
7.6.5 SWOT Analysis
7.7 Mars, Inc.
7.7.1 Company Overview
7.7.2 SWOT Analysis
7.8 The Hershey Company
7.8.1 Company overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 SWOT Analysis
Chapter 8. Winning Imperatives for Almond Protein Market

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