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Almond Butter Market Trends

Report ID: GMI6152
Published Date: Jul 2023
Report Format: PDF

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Almond Butter Market Trends

The demand for almond butter is growing as it aligns with the rising plant-based & vegan diet trends. Its ability to substitute animal-based spreads, further makes it popular in vegan diets. As it is a healthier & more sustainable choice, the market is witnessing diversification, thereby catering to varied consumer preferences. To boost the market share, companies are introducing various flavors in their products, which include chocolate, honey, and coconut-infused almond butter varieties. Along with flavors, manufacturers are also providing varied textures, such as creamy & crunchy almond butter, in their products to meet consumer preferences.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of almond butter was reached USD 155 million in 2023 and is estimated to record USD 430 million by 2032, due to the surging need for healthier alternatives to traditional spreads.

Organic almond butter industry size reached USD 56 million in 2022, owing to the growing consumer preference for healthy and environmental-friendly food products,

The spread & dip end-use segment is anticipated to witness 10.9% CAGR from 2023 to 2032, attributed to the increasing need for healthy snacking options.

Demand for almond butter in the U.S. reached USD 44 million in 2022 and is projected to record significant pace during 2023 to 2032, credited to the shift towards nutritious & natural food products.