Almond Protein Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI3800
Almond Protein Market size may show significant growth over the projected timespan pertaining to the increasing consumer preference for plant based protein. Growing plant based ingredients consumption owing to increasing various health diseases risks such as cancer and obesity is likely to accelerate the industry growth.
Almond protein is a concentrated, plant based protein source which is extracted from raw almonds. It is an alternative for soy protein and animal based milk products owing to its high mineral and vitamin contents. It contains high performance antioxidants which defend the cells against damage and significantly reduce the risk of various health diseases such as diabetes and cancer.
Increasing R&D activities and growing demand for natural ingredients in skin & personal care products is likely to boost almond proteins market demand. Global natural cosmetics market was valued at over USD 14 billion in 2017 and expected to witness significant growth owing to rising consumer preference towards green cosmetics which is projected to have a positive impact on the industry growth. It mainly penetrates and moisturizes the skin, making it soft and smooth. Rising consumer inclination towards personal grooming along with growing awareness towards the chemicals usage in skincare products may foster almond protein market growth.
Almonds contain high amount of fats, fibre and various antioxidants which help keeps the body healthy for various physical activities. These products are utilized in various beverages and smoothies owing to their capability to promote muscle growth and boost immune system to promote overall body development. Global plant based beverages market was valued at over USD 9.5 billion in 2017. Growing demand for clean label, gluten free beverages along with increasing concerns towards a healthy lifestyle shall stimulate the almond protein market growth.
Growing consumer demand for healthy snacks and baked products has increased the popularity of almond ingredients in bakery & confectionary market. Almond protein is utilized in several baked goods such as brownie and waffles as they deliver balanced nutrition, satisfy the texture and flavor which is expected to be the major driving factor for the market growth. The sales of bakery products in the U.S. amounted over at USD 13 billion in 2018 which is likely to have a positive impact on the product demand. Changing consumer food preferences and health consciousness has enhanced the demand for ready to eat organic products which shall drive the almond protein market growth.
North America almond protein market demand led by the U.S and Canada should witness significant growth in the forecasted timespan pertaining to the significant demand from personal care industry in the region. In 2017, over 50% of the consumers aged 18-29 purchased only organic skin care products in the U.S. These products offer effective anti-aging properties, provide a smooth & soft appearance and regenerate the skin surface. Favorable regulations towards the use of natural products in cosmetics and growing concerns towards the adverse effects of chemicals in cosmetics may induce regional growth.
Europe driven by France, Italy, UK, and Germany almond protein market size may witness substantial growth during projected time period. In 2017, the sales of organic bakery products made in organic stores in France accounted over at USD 279 million. Almond protein contains vitamin E which support healthy heart and reduce the risk of cholesterol & obesity. Increasing disposable income along with demand for instant and nutritious food products is likely to boost the almond protein market growth.
Asia Pacific almond protein market demand led by China, India and Japan may witness significant growth owing to the increasing inclination towards organic, protein rich food products and growing demand for a healthy lifestyle. Almonds offer superior anti-inflammatory and immunity boosting properties which helps in regulating blood pressure, cholesterol level and reduce the risk of heart related diseases. Revenue from health care industry in Asia Pacific amounted over USD 342 billion in 2018. Rising prevalence of health diseases such as obesity and diabetes has enabled manufacturers to include plant based products in food & beverages owing to their ability to promote healthy heart which is likely to fuel the almond protein market size.
Global almond protein market share is fragmented as market consist of several small, medium and major players operating across the globe. Companies such as NOOSH, BASF, InovoBiologic, Alesco, Blue Diamonds Ingredients and Sar Agrochemicals & Fertilizers Pvt. Ltd are major players operating in almond protein market. Manufacturers are engaged in enhancing their collaborations, geographical presence and are launching new products to improve their product line as well as to strengthen their market position.
Almond Protein Market, By Distribution Channel, 2014-2025 (Tons) (USD Million)
- Convenience stores
Almond Protein Market, By Application, 2014-2025 (Tons) (USD Million)
- Bakery & Confectionary
- Personal Care
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Celtic Sea Minerals
- Blue Diamonds Ingredients
- Humates And Seaweeds
- HMHS Solutions Limited
- Sar Agrochemicals & Fertilizers
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