Category

Germany Almond Market Size, Share, Opportunities, And Trends By Type (Shelled, Inshell), By Application (Confectionaries, Bakery Products, Dairy Products, Desserts & Sweets, Breakfast Cereals, Others), By Distribution Channel (Offline, Online), And By Geography - Forecasts From 2020 To 2025

Published: Sep 2020 | Report Code:  KSI061613839 | Pages:  120

Germany Almond Market is projected to grow at a CAGR of 4.29% to reach US$728.625 million by 2025, from US$566.302 million in 2019.  Germany is the largest economy in the European Union (EU) and the 4th largest economy in the world. Moreover, it is the leading European market catering to the food and beverage industry. China, other EU countries, Switzerland, the United States, and Turkey are its main trading partner. In recent years there has been a marked shift in consumer preference which is contrary to the preference of domestically produced goods and is characterized by an increased inclination for exotic and foreign foods that is inclusive of but not limited to dried fruits and nuts. Even though Germany does not produce significant amounts of dried fruits or nuts, the country registered the 3rd largest consumption overall global consumption of the same. This is partly due to the diet of a significant number of immigrants and ethnic groups from the Mediterranean region which traditionally include a higher percentage of dried fruits and nuts. Concomitantly, private brands as well as discount retailers are quite popular within the dried fruit and nut industry. On the other hand, there is a marked preference for organically produced agricultural products.

germany almond market

The German dried fruits and nuts are also characterized by bulk imports which are destined for further processing and packaging. The year 2018 registered an import volume in the order of 579,170 MT of nuts and peanuts worth $ 3.4 billion. The top five suppliers of nuts and peanuts to Germany on a value-basis were the United States, Turkey, the Netherlands, Vietnam, and Italy, with market shares of 22 %, 16%, 14%, 7%, and 5 %, respectively. At a value of $ 752 million, imports from the United States amounted to 116,597 MT. Among the top 3 types of nuts products imported by Germany from the USA are shelled almonds.

The total volume of almonds imported from the United States in 2018 was in the order of 116,701 MT which is a slight decrease from the 2017 figures which were 117,410 MT but an increase from the 2016 figures of 104,682 MT [Source: USDA].Besides the flexitarian, vegan, and plant-based alternative preferences are increasingly being experienced by the German food and beverage industry which is expected to drive the Germany Almond market during the forecast period. For instance, during 2019, a grower-owned cooperative based out of California USA had reportedly launched the Almond Breeze® range of drinks in Germany during March as responses to the demand for products that cater to the aforementioned preferences. Further as of June 2020, the world's first dairy-free mozzarella alternative made from almonds by an Italian-German start-up named Al-mond Dairy GmbH has been reportedly launched across the nation.  The also used in this new product is reportedly derived from a kind of tree that is only known to grow in California USA.

Segmentation

  • By Type
    • Shelled
    • Inshell
  • By Application
    • Confectionaries
    • Bakery Products
    • Dairy Products
    • Desserts & Sweets
    • Breakfast Cereals
    • Others
  • ByDistribution Channel
    • Online
    • Offline
      • Supermarkets
      • Hypermarkets
      • Others

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