Knowledge Sourcing Intelligence announces the publication of a new report on “Almond Market - Forecasts from 2020 to 2025” to their offering.
The growing pool of vegans, the popularity of plant-based food and beverage, growth investments in R&D, and new product developments, among others, are expected to lead to healthy market growth.
As per the report, the global market pertaining to almonds market is expected to reach US$12.073 billion by 2025, from US$9.286 billion in 2019
When it comes to the need for alimentation the food and beverage industry has been awash with a variety of investments related to R&D, leading to secondary product development besides only catering to the culinary applications of an agricultural product. Further, these new product developments have also stemmed from the new wave of plant-based consumption habits. Plus, the growing reach of eCommerce buttressed with internet penetration is also facilitating the growth of the market. A few new product developments during 2020, are being mentioned to provide a panoptic view of the diversity and the potential of the global almond market and its anticipated growth.
July 2020 – Beverage Launch
Simply Orange Juice Company which is a part of The Coca-Cola Company (NYSE: KO) and has been known to create an indelible impression with a promise of honestly simple ingredients has announced its entry into the surging alt-mil market with the launch of Simply Almond™ with 3 variants Vanilla, Unsweetened Original and Original, made commercially available in its signature 46-oz., multi-serve carafe bottles.
August 2020 – Almond flour launch
Nature’s Eats, a privately held, family-owned brand of Texas Star Nut & Food Company,providing naturally grown, premium-grade nuts, snacks, oils, and baking ingredients had announced its plans to launch a new almond flourcalled The Ultimate Nut Flour: Almond+ that can function similar to its traditional counterpart in baking. This launch plan is a response to the growing demand for healthier cooking options.
September 2020 – Butter Launch
Pip & Nut which is a nut butter brand has announced the launch of the new Limited Edition ?Gingerbread Almond Butter?which has been known to integrate the autumnal flavors of roasted, naturally sweet Californian almonds, with spicy cinnamon, ginger root, and dates.
October 2020 – Yoghurt Launch
DAH! announced its entry into the plant-based yogurt category with slow-cultured blend oat+ almond + coconut (OAC) yogurt which is an addition to the current plant-based yogurt offering, DAH! Almond Yogurt. The inclusion of almond has been decided to extend protein.
November 2020 – Bread Spread Launch
India’s leading Healthy Foods brand which was recently reported to have occupied a significant market share in the Muesli category had announced the launch of its latest portfolio of nut butter, that comprise 100 % Almond Butter, Dark Chocolate Almond Butter, and Hazelnut Almond Butter, among others, and are made with non-GMO, premium nuts that are slow-roasted, low ground and are devoid of any additives. This launch comes as a response to the growing demand for healthy alternatives to the regular sugar-filled bread spreads.
November 2020 – Alcoholic Beverage Launch
The Italy-based Villa Massa announced the launch of Villa Massa Amaretto that is produced using almonds from Sicily, to expand the product range of the organization beyond limoncello. The Sicilian almonds impart an intense flavor due to the island’s volcanic soil and year-round sunshine.
December 2020 – Beverage Launch
Better Than Milk a part of PANOS brands®, which is a consumer products foods company had announced its debut across the USA with Unsweetened Almond Drink, Almond Drink among others mad commercially available in aseptic recyclable packages that come withplastic bio caps. These products are Vegan, Plant-based, Non-GMO Project Verified, Kosher Parve, and all USDA Organic, and are made from spring water sourced 450 meters above sea level in the Lessini Mountains of Northern Italy. These products are also devoid of sulfites, soy, lactose, gluten, dairy, carrageenan, and artificial flavors. This is an example of how organizations are investing in auxiliary aspects that resonates with the growing pool of environmentally conscious consumers and are integral to the growth of the global almond market.
As a part of the report, the major players operating in the global almond market, which have been covered are Agriland Farming Company Inc, Almond Ace, BAPU Almonds, Chico Nut Company, Harris Family Enterprises, Olam International, RPAC, LLC, South Valley Farms, TREEHOUSE ALMONDS, Western Nut Company, and Wonderful Pistachios & Almonds LLC.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/almond-market
This report segmented the global almond market on the basis following terms