The United Kingdom’s Almond market is projected to grow at a CAGR of 3.47% to reach US$169.300 million by 2025, from US$137.965 million in 2019.The increasing demand for plant-based alternatives facilitated by growing health consciousness and a nationally cognizable inclination to integrate an immunity-boosting diet which in part has resulted from COVID-19 are expected to adequately substantiate the aforementioned estimates. For instance, in March 2020 it was reported that the Emmi Group had planned to launch a plant-based product line called Beleaf with yogurt alternatives, drinks, and shakes based on almonds among others, which were later reported to be rolled out in the UK during June 2020. In July 2020, it was reported that an international sandwich shop franchise chain based in the United Kingdom called Pret a Manger had plans to launch an all-vegan bakery in every Veggie Pret shop transforming it into the first high street food-to-go retailer to feature an entirely vegan bakery counter. Included within this development is the Vegan Almond Croissant among others. Later in September 2020, it was reported that Vermont-based ice cream company Ben & Jerry’s had launched the Save Our Swirled Now! vegan flavor in the United Kingdom. It is essentially a climate theme flavor, which suggests, among others, that it is aimed at those environmentally conscious consumers, reportedly features a coconut-flavored almond milk base with caramel and cookie swirls and chocolate chunks.
Besides, during the last few decades, the appetite for consumers of the UK has been increasingly geared towards convenient, healthy, and ethnic food. Further products estimated to have good sales potential are inclusive of but not limited to dried and processed fruit like cranberries, dried cherries, prunes, raisins wild berries, among others. Nuts consisting of almonds among others are included in this estimation, too. Also processed products like healthy snacks as well as mainstream groceries are expected to gain a healthy market share. On the other hand, according to the Office for National Statistics the total household spend is £585.60 per week between April 2018 to March 2019. Among which food accounts for £ 56.60 per week. Further total UK Manufacturers' Product Sales pertaining to food products were in the order of £ 2,224 million in 2019 a slight decrease from £ 2,317 million registered in 2018. However, the sales of sugar confectionery paste in immediate packings of a net content of 1kg or more that was inclusive of marzipan, fondant, nougat, and almond pastes was to the tune of £ 83,810 thousand in 2019 which is an increase from the 2018 sales that was registered at £ 73,321 thousand. Moreover, the sales of sugar-coated (panned) goods that included sugar almonds amounted to £ 28,498 thousand in 2019 which was an increase from the 2018 sales which was registered at £ 22,839 thousand [Source: Office for National Statistics, UK]. Thus, from the aforesaid, developments it can be conclusively delineated that the UK almond market is expected to experience healthy growth during the forecast period.